BankUnited stops making retail mortgage loans, lays off workers

Fewer underwater mortgages in Florida, but challenges remain That’s almost half (47%) of all Florida mortgages. In broward county alone, reports the Sun-Sentinel, 51% of current mortgages are underwater. Underwater mortgages are a national crisis – it’s not just Florida that’s hurting. Florida isn’t alone.

Mortgage BankUnited execs: Our struggle with mortgage originations. bank’s decision to stop originating mortgages. no longer offer retail residential mortgage loans to consumers since new.

About SunTrust Banks Inc.: SunTrust Banks, Inc. is large bank holding company. As of 2016, suntrust bank operates 1,400 bank branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. The bank’s primary businesses include deposits, credit cards, landing and trust and investment services.

BankUnited, the largest bank based in South Florida, stopped making residential mortgage loans to consumers and laid off some of its staff. mary harris, a spokeswoman for BankUnited, told the Miami.

ST. PETERSBURG – Mortgage Investors Corp. laid off nearly 500 workers, including 256 in its St. Petersburg headquarters, and stopped making new home loans in a stunning pullback Monday.

If you’re like most professionals, you may have to deal with the financial fallout of a layoff at some point in your career. It’s understandable if you haven’t thought about what you’d do in that situation-nobody wants to imagine themselves without a job. That said, you’d be wise to plan for such a scenario, and a big part of that is knowing what to do with your 401(k) plan.

Bank of America to lay off 540 mortgage workers in Charlotte . By Adam O’Daniel. Those employees work with loans that are past due, being modified or in foreclosure.

Mortgage Lenders Lay Off Workers [Oct 29, 2007.] The mortgage industry has been hit hard by layoffs recently – the result of the nation’s massive housing crisis. The consulting firm known as Challenger, Gray & Christmas Inc. reports that more than one-third of the 71,739 announced layoffs in September came from the mortgage sector.

3% Down Florida Condo Loans | Best Rates | First Florida Financial Group, LLC "The fourth quarter didn’t capture the full brunt of [the financial market turmoil]. We’ll see that in the first. loans that led to the huge foreclosure problems in California, Nevada, Florida and.

United Wholesale Lending – Leadership/Executives make fun of those who have a "Latin accent" and overlook their skills, years of experience and education. – Co-workers that weren’t selected to be apart of the BankUnited 2.0 project are spending months without no work, wasting talent and skills.

That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined. Ultimately, government debt falls on taxpayer shoulders. Technically, not only is the government bankrupt, but so are over 90% of all citizens who don’t happen to have over half-a-million in assets to cover their share.

The Sign Is Up – Is Your Home Sold?