Skip to main content

Chase adds key managers and AEs to correspondent business

National Mortgage Professional
Jul 13, 2008

BankUnited launches Mortgage Assistance Program (MAP)MortgagePress.comBankUnited, Mortgage Assistance Program, MAP, ARMs, BankUnited Financial Corporation, parent company of BankUnited FSB, has launched a comprehensive Mortgage Assistance Program (MAP) to provide relief to thousands of borrowers whose option-ARM loans are no longer optimal for their current situations. "This is one of the most sweeping, broad-based programs of its kind," said Ramiro Ortiz, BankUnited's president and chief operating officer. This program will literally provide people with a map (MAP) to find their way back into a more financially stable environment for their home mortgages." The Mortgage Assistance Program includes a variety of elements that are intended to help borrowers. BankUnited intends to refinance thousands of its option-ARM customers, with the largest percentage located in Florida, in the next six months. Benefits to borrowers include waived pre-payment penalties, minimal modification fees and a variety of loan choices, including traditional mortgage products and government agency loans. Customers can refinance with other lenders and still take advantage of the prepayment waiver. By taking action now, homeowners can lock in during a low interest rate environment. In addition, they can avoid potential higher payments when loans recast in the future. Ortiz continued, "We are reaching out to thousands of our borrowers and will use multiple outreach channels as we ramp up the program. As we expand the program to a broader audience, we expect it will be well-received by customers. "Borrowers are impacted by the dual forces of declining housing values and a struggling economy with rising prices for necessities such as food and oil. Providing assistance now is a win-win situation. We remain committed to helping borrowers stay in their homes." For more information, visit
Jul 13, 2008
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023 Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss,'s leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023
Fannie Mae Extends Rent Payment Pilot

Positive Rent Payment program offers financial stability and opportunities.

Nov 14, 2023