*** Update – TB&W has closed down mortgage operations!!
Taylor, Bean and Whitaker -12th largest mortgage lender loses FHA approval.
Taylor, Bean, and Whitaker was one the country’s top wholesale lenders serving 100’s of small mortgage shops across the country.
TB&W has 30 days to appeal the suspension but few have won an appeal and the blow [...]

Be careful if you doing business with Taylor, Bean, and Whitaker.
If you are brokering to TB&W or your company has a correspondent relationship with them you should be aware of the recent activity at their corporate offices in Ocala, Florida and at their primary warehouse lender  Colonial Bank’s office in Orlando, FL.
The Fed’s served both [...]

I just read the news that another national net branch company – Global Mortgage Inc. located in Clearwater Florida – has declared CH-7 bankruptcy.
Global like many others in the net branch segment of the industry was plagued with investor buy backs and operations problems that were caused in part to poor management and also from [...]