Taylor, Bean & Whitaker halted all mortgage loan funding today in result of a federal investigation. Federal authorities had called the company to close loans which were insured by the Federal Housing Administration. In addition to the FHA suspending the firm, Ginnie Mae cut off Taylor, Bean & Whitaker from its mortgage-backed securities program.
Location of This Business. 7310 N. 16th Street Suite 285, Phoenix, AZ 85020. BBB File Opened: 12/20/2007. Alternate Business Name. Taylor Beam Whitaker. Read More Business Details.
The federal Office of Thrift Supervision does not regulate Taylor, Bean & Whitaker but the OTS did provide contact information for the state agency that does. Below is a copy of a letter I submitted to the Florida Department of Financial Services in addition to the state Attorney General and others. If I get any response, I'll post an update.
According to a letter on the opening page of the Taylor Bean and Whitaker website, TBW loans are being distributed between Bank of America, CENLAR, Saxon or OCWEN. Information from the Housing and Urban Development website released last week said the majority of the FHA-insured loans associated with Taylor Bean and Whitaker have been ...
Taylor Bean’s Chapter 11 bankruptcy may very well end up in liquidation; but the company hopes that filing Chapter 11 bankruptcy will give it time to appeal to the FHA, Ginnie Mae and Freddie Mac and recover, restructure and possibly emerge from bankruptcy. Source: CNN Money. By Reed Allmand . 2018-11-16T00:02:48-06:00.
Department of Justice News Release: Former Chairman of Taylor, Bean & Whitaker Sentenced to 30 Years in Prison and Ordered to Forfeit $38.5 Million (06/30/2011) HTML Only Department of Justice News Release: Former Chairman of Taylor, Bean & Whitaker Convicted for $2.9 Billion Fraud Scheme That Contributed to the Failure of Colonial Bank (04/20