Items Tagged with 'Ocala'

ARTICLES

  • FHA Suspends Taylor, Bean & Whitaker

    [Update 2: Reflects Fitch's, Moody's rating outlook negative] The Federal Housing Administration (FHA) on Tuesday suspended Ocala-based Taylor, Bean & Whitaker Mortgage Corp. (TBW) from originating and underwriting new FHA-insured mortgages, resulting in a negative rating watch on its residential servicer ratings.
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  • Wholesale Lender to Pay $9 Million over Non-Traditional Mortgages

    Taylor, Bean & Whitaker Mortgage agreed to pay out $9m after the conclusion of a multi-state regulator examination of its underwriting, risk management and consumer disclosure practices in the 2006 origination of non-traditional mortgages -- including interest-only, pay-option and stated income loans -- a now-shuttered practice at the company. Ocala, Fla.-based Taylor, Bean & Whitaker (TBW) is one of the top 10 national wholesale mortgage lenders, according to company statements, meaning it funds loans originated by third-party brokers.
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