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Real Estate & Property Law

: Housing Wire

FDIC to Take BankUnited? The Least of its Problems

By JACOB GAFFNEY

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Florida’s largest mortgage lender, with more than $13.1bn in assets, is unable to raise the minimum capital requirements set aside by the Office of Thrift Supervision. As a result, the Federal Deposit Insurance Corp. (FDIC) may take BankUnited (BKUNA: 0.88 +15.79%) operations into receivership, though rumors swirl of a possible takeover. Last week, the bank reported $1.3bn [...]

Full post as published by Housing Wire on May 14, 2009 (boomark / email).

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