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Loan Modification

: Loan Modification & Home Loan News

Taylor, Bean & Whitaker Mortgage Settles With 14 States

By Moe Bedard

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Taylor, Bean & Whitaker Mortgage Corp., one of the country?s largest wholesale mortgage lenders, made the agreement following a multistate examination of its lending practices in 2006 of so-called exotic mortgages, including interest-only and adjustable-rate mortgages, state officials said. The examination alleged loan originators altered income and asset information for prospective borrowers so the applicants would [...]

Full post as published by Loan Modification & Home Loan News on June 26, 2009 (boomark / email).

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