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Real Estate & Property Law

: Housing Wire

Wholesale Lender to Pay $9 Million over Non-Traditional Mortgages

By DIANA GOLOBAY

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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) [...]

Full post as published by Housing Wire on June 24, 2009 (boomark / email).

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