BankUnited stops originating retail mortgage loans

BankUnited stops originating retail mortgage loans BankUnited execs: Our struggle with mortgage originations. – BankUnited executives divulged more information on the bank’s decision to stop originating mortgages during its fourth quarter conference call thursday morning, an article in the South Florida. BankUnited stops originating retail.

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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.

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BankUnited stops originating retail mortgage loans The terms origination, underwriting, and servicing may seem foreign now, but they have specific definitions that will mean more as you study the mortgage profession. Origination Origination is the process of making or initiating a new loan.

We expect TFSL’s NIM to stop. and Loan Association of Cleveland, whose business consists of originating and servicing.

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BankUnited has stopped offering retail residential mortgage loans to consumers and laid off some of its workers. South Florida’s largest locally based bank said new residential mortgages weren’t generating enough business.

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