August 5th, 2009 3:16 PM by Kathy Delbridge
Yesterday evening we sent out an email to our Realtors to protect their pipeline if they had a buyer who was securing their FHA financing via Taylor Bean & Whitaker.
Today, it was made official that Taylor Bean and Whitaker has Ceased Operations Immediately.
If you know someone who was in the middle of securing an FHA loan for their purchase or their refinance, you may want to advise them to call their loan officer to see where their file had been sent for underwriting. Their loan officer should other lenders to send the FHA deal; if not, we would be happy to assist.
See below for the following press releases!
TBW Press Release
HUD Press Release
This is a tough blow to our industry as TBW has been a major FHA lender and there are a great deal of individuals who will be affected by this and our thoughts go out to them during this time!