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The North Carolina Commissioner of Banks is going forward with with a cease and desist order against a mortgage company in Florida, saying the home lender has failed to cooperate with a North Carolina audit, the TBJ reports.
Taylor, Bean & Whitaker Mortgage ?s lawyers said in court papers last week that a ?bankruptcy filing is imminent? for the 12th-largest U.S. mortgage lender, after it was forced to shut down mortgage lending operations.
Lawyers for Taylor, Bean & Whitaker Mortgage Corp, the 12th-largest U.S. mortgage lender, said in court papers last week that a "bankruptcy filing is imminent" for the lender after it was forced to shut down mortgage lending operations.
North Carolina Commissioner of Banks Joe Smith Jr. has proceeded with a cease and desist order against Taylor, Bean & Whitaker Mortgage Corp. of Ocala, Fla., saying the home lender has failed to cooperate with a North Carolina audit.
The N.C. commissioner of banks ordered Taylor, Bean & W
An Austin-based lender, Leahy & Associates, has affiliated with Cornerstone Mortgage Company.
What's keeping troubled homeowners from getting mortgage help? Start with the fax machine.
Despite federal efforts to get mortgage lenders to do more to help homeowners remain in the homes, the number of foreclosures continues to increase.
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