What's New in the Mortgage Industry

Taylor, Bean & Whitaker Mortgage no logner doing business

August 6th, 2009 5:46 PM by Susan Larson

For any of you in the mortgage business, you may have heard that Taylor, Bean & Whitaker Mortgage was closed down by FHA. You can see the press release at:

http://www.hud.gov/news/release.cfm?content=pr09-145.cfm&CFID=14274607&CFTOKEN=59682169

It is a shame.  TBW was the 10th largest FHA lender in the U.S. and the 7th largest Freddie Mac Seller/Servicer. 

We had done business with them over the last 10 years.  It's terrible to see all of those additional people without a job.  I wish everyone at their company the best of luck in the future.

 

Posted in:General
Posted by Susan Larson on August 6th, 2009 5:46 PM