MortgageKeeper introduces nonprofit Web subscription service

Jan 08, 2007

BankUnited offers new adjustable-rate mortgageMortgagePress.com5-year ARM BankUnited Financial Corporation has begun offering a new adjustable-rate mortgage (ARM), titled the 5-Year Select Monthly ARM, with which the borrower's rate is fixed during the first five years and three types of monthly payment options are available (minimum, interest only and full payment). After five years, the loan's interest rate adjusts monthly to the MTA index and borrowers pay off the principal and interest remaining on the loan. After this period, payment increases are capped at 7.5 percent. Interest may be deferred up to 115 percent of the principal balance at any time, during the life of the loan. Coral Gables, Fla.-based BankUnited Financial Corporation is the holding company for BankUnited FSB. For more information, call (877) 779-2265 or visit www.bankunited.com.

About the author

National Mortgage Professional

Link copied

Published

Jan 08, 2007

Courts

UWM's Motion To Dismiss RICO Class Action Denied As Moot

Plaintiffs' late August filing of an amended complaint means UWM must file a new motion to dismiss if it wishes to proceed with having the case thrown out.

A previous version of this article was published on Oct. 11, 2024, under the headline, "UWM's Motion To Dismiss RICO Class Action Denied". United Wholesale Mortgage (UWM) and the company’s CEO, Mat Ishbia, have had their motion to dismiss a class action lawsuit alleging ...

Regulation and Compliance

TD Bank Pleads Guilty To Enabling Money Laundering For Criminal Organizations

'TD Bank chose profits over compliance in order to keep its costs down,' said U.S. Attorney General Merrick Garland.

Today comes a tale of caution to banks and various lenders across the country that choose profits over compliance. TD Bank made history last Thursday by becoming the largest bank in the United States to plead guilty to violations of the Bank Secrecy Act (BSA) and conspir...