Taylor Bean & Whitaker Update September 10, 2009
Taylor Bean & Whitaker update: About five weeks after being shut down, the fallout continues for some Taylor Bean & Whitaker borrowers whose loans were ported over to Bank of America.
Our Blog is filled with comments from Taylor Bean & Whitaker borrowers who say they have received calls from Bank of America's Collections Department. This interview with Bank of America Rick Simon goes over some of the biggest concerns of Taylor Bean & Whitaker borrowers. We will continue to update on the missing homeowners' insurance payments.
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Sep 10, 2009
Taylor Bean & Whitaker Mortgage Company Update September 1, 2009
Taylor Bean & Whitaker Mortgage Company Update September 1, 2009. In this post, highlights from our conversation with the director of mortgage supervision from the Georgia Department of Revenue and with a spokesperson from Bank of American about the 100,000+ loans it acquired from Taylor Bean & Whitaker. We've also posted online a Taylor Bean & Whitaker customer welcome from Cenlar, one of several servicers assigned to pick up Taylor Bean & Whitaker mortgages. We also have a new directive from Fannie Mae that was posted today, plus answers to many of your questions and postings. Also, there's a link to all of the other Taylor Bean & Whitaker stories we've published.
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Sep 1, 2009
Taylor Bean and Whitaker Mortgage Company Hotline Information for Borrowers
NEW UPDATE 9/10/09: Today's update is an edited, condensed transcript of my conversation with BOA spokesperson Rick Simon. Cenlar is a legitimate loan servicing company and Roundpoint is NOT A SCAM. The situation is confusing, but not fake. 9/01/09 Yesterday, we reported that Bank of America taking over servicing rights for FHA loans and Ginnie Mae loans previously held by Taylor Bean and Whitaker Mortgage Company.Earlier this month, Taylor Bean and Whitaker Mortgage Company, which is owned by Colonial BancGroup shut its doors. Dozens of Taylor Bean and Whitaker Mortgage Company borrowers called the Clark Howard Show and Ilyce Glink Show to ask what they should do. Should they pay their old loans or new loans? How could they find out if their loans funded? The FDIC and Federal Reserve Bank have set up customer hotlines you can call to get information.
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Aug 10, 2009
Mortgage Industry Group Calls For Regulation
Perhaps they saw the writing on the wall. The Mortgage Bankers Association is calling for federal regulation of the mortgage lending industry. And not only do they want it, they're offering bullet points for what Congress should include in the legislation!
Is it a conflict of interest? MBA is…
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Mar 24, 2009
Most Mortgage Fraud Occurs In Rhode Island
Rhode Island ranks first in the U.S. for mortgage fraud, reported the Mortgage Asset Research Institute on Monday at a conference in Las Vegas. It jumps up from fifth place in 2007.
The other states in the top 10 are: 2. Florida 3. Illinois 4. Georgia 5. Maryland 6. New York 7. Michigan 8. California…
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Mar 18, 2009
Mortgage Lending Reform Testimony
Sandra F. Braunstein, Director, Division of Consumer and Community Affairs, Federal Reserve
Mortgage lending reform
Before the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services,
U.S House of Representatives, Washington, D.C.
March 11, 2009
Chairman Gutierrez…
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Mar 11, 2009
1031 Exchange Questions You Should Ask
If you're doing 1031 tax exchanges, you'll want to make sure that your funds are safe. You don't want to wake up to find out that some guy skimmed $100 million of taxpayer funds and yours are part of it.
Here are the questions you should ask to make sure your 1031 Exchange company is a good one…
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Jul 30, 2008
Following Up on Cleaning Up Your Credit
Today on the Clark Howard Show, one of our callers is having a problem. He shares the name with an unsavory character who has bad credit, and even has bagged out on paying child care. Some of this negative information has erronerously made its way onto his credit report. He wanted to know how to get…
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Jul 12, 2006
10 And Under Rule For Georgia Landlords
On Friday, when I last filled in for Clark Howard on the radio, someone called into the show to ask about the 10 and under rule for landlords. I didn't know what the caller was referring to, but pledged to find out and report back on today's Clark Howard Show (2-4pm EST/1-3pm CST).
Here are the…
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Jan 24, 2006
