BankUnited stops making retail mortgage loans, lays off workers

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Also this month the bank laid off 145 employees in its mortgage division in Orange County. job losses in its consumer unit and that it would stop offering financial planning advice in the UK bank’s.

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BankUnited will no longer offer retail residential mortgage loans to consumers, according to an article in the Miami Herald.. The South Florida bank announced it also laid off some its workers.

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Another tipster wrote, "BankUnited had a company wide lay off 9/19, and gave another group of Florida employees a "warm" layoff, that they were to be laid off in 60 days." A company press release on 2008-09-19 indicated "160 persons, or 12% of the Bank’s current workforce" was cut. From a former employee:

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Chapter 5 - Loans & Advances: Retail Lending 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.