TITLE

BankUnited Curtails Option ARM Lending

AUTHOR(S)
Gordon, Jennifer
PUB. DATE
May 2008
SOURCE
American Banker;5/13/2008, Vol. 173 Issue 92, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on efforts by BankUnited Financial Corp. to become more financially stable. A focus is given adjustable-rate mortgages (ARM's), including how to get current customers out of them, as well as a plan to stop originating these loans. The four-pronged plan, the article states, is designed to improve the company's balance sheet. Topics include reducing expenses, increasing noninterest income, and reducing its reliance on mortgage loans.
ACCESSION #
32041588

 

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