Comments on: Guest Post: BankUnited’s Sordid History http://www.nakedcapitalism.com/2009/05/guest-post-bankuniteds-sordid-history.html Sat, 21 Nov 2009 22:38:01 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: dave http://www.nakedcapitalism.com/2009/05/guest-post-bankuniteds-sordid-history.html#comment-47493 dave Tue, 19 May 2009 03:47:25 +0000 http://www.nakedcapitalism.com/2009/05/guest-post-bankuniteds-sordid-history/#comment-47493 Wells is currently going through the option arm books of World Savings (acquired by Wachovia) and likely Golden West and unilaterally converting all their jumbo option arms to 30 yr. fixed mortgages at 3.25%. So lucky you, you bastard who couldn't afford that $million dollar house and got that gift from your lender. I'll bet they're not doing the same with the $50K loans. Wells is currently going through the option arm books of World Savings (acquired by Wachovia) and likely Golden West and unilaterally converting all their jumbo option arms to 30 yr. fixed mortgages at 3.25%. So lucky you, you bastard who couldn’t afford that $million dollar house and got that gift from your lender. I’ll bet they’re not doing the same with the $50K loans.

]]> By: Mike the Martyr http://www.nakedcapitalism.com/2009/05/guest-post-bankuniteds-sordid-history.html#comment-47489 Mike the Martyr Tue, 19 May 2009 02:59:00 +0000 http://www.nakedcapitalism.com/2009/05/guest-post-bankuniteds-sordid-history/#comment-47489 Very interesting. Wish I had read the article before taking a gamble on the possible buyout of BKUNA.<br /><br />Also, seems so unfair that Goldenwest/Wachovia/Wells would benefit from delay caused by the extreme stupidity of the original option payment loan terms.<br /><br />I very much enjoyed hearing Mr. Mortgage explain why Wells Fargo would merge with Wachovia. Makes perfect sense. Talk about evil geniuses. Very interesting. Wish I had read the article before taking a gamble on the possible buyout of BKUNA.

Also, seems so unfair that Goldenwest/Wachovia/Wells would benefit from delay caused by the extreme stupidity of the original option payment loan terms.

I very much enjoyed hearing Mr. Mortgage explain why Wells Fargo would merge with Wachovia. Makes perfect sense. Talk about evil geniuses.

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