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: Texas Lawyer BlogTaylor Bean, Mtg. Company, Files Bankruptcy Amid Questions
By mcbride
The large mortgage company Taylor Bean filed chapter 11 in the US Bankruptcy Court in Florida. It has stated that essentially all options are open as far as how to proceed, including a sale of its assets. The company is in talks with the FDIC. ?Closely held Taylor Bean does business across the U.S. through loan brokers and other lenders. It ranked 12th among U.S. mortgage originators in the first half of this year with $17 billion of loans, or 1.7 percent of the total, according to the industry newsletter Inside Mortgage Finance.?
Here is a link: http://www.bloomberg.com/apps/news?pid=20601087&sid=aXTpjNR73TpY
Michael
Full post as published by Texas Lawyer Blog on August 25, 2009 (boomark / email).
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