TITLE

BankUnited of Fla. To Face Capital, Mortgage Queries

AUTHOR(S)
Gordon, Jennifer
PUB. DATE
January 2008
SOURCE
American Banker;1/9/2008, Vol. 173 Issue 6, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that BankUnited Financial Corp. is expected to announce further problems related to the fall in U.S. housing prices when it makes its quarterly earnings statement in January, 2008. The company's stock fell 80 percent in 2007. The Florida-based firm has a large portfolio of option adjustable-rate mortgages. Florida is one of the states where the housing market is worst.
ACCESSION #
28333066

 

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