The Real Deal Miami

BankUnited takes mortgage modification step

December 16, 2008 10:13AM

About 7,000 borrowers with Coral Gables-based BankUnited Financial
Corp. may soon be contacted by the Mortgage Modification Legal Network
to restructure the terms of their home loans. The bank, which has 9.1%
of its loan portfolio on non-current status, is working with the Laguna
Niguel non-profit to cut its foreclosure rate. It has already started an
internal loan modification program.