I guess this is how some borrowers feel when they lock a loan in a volatile market. Or maybe that is how any agent who has a lock with TBW feels. Today is the anniversary of the bombing of Hiroshima, and the date that some are finding out yesterday’s news that a large lender is [...]
Posts Tagged ‘Taylor Bean’
Taylor Bean In Trouble, Lobbying Mortgage Disclosure Rules, Behavioral Economics, Pending Home Sales Up
Well, we haven’t had a well known mortgage company collapse for quite some time, and you can bet that the folks at Taylor, Bean, & Whitaker are hoping that streak continues. Unfortunately they are spending their time in damage control. The latest development is an investigation by HUD after allegedly failing to submit a required [...]
Income Down & Consumption Up In June, Start Your Own Warehouse Bank, Fraud At Taylor Bean?,
In my spare time I have very little to do, or so my family tells me. So the other day I carried out a little research project. Using the standard key board found on typewriters and computers, how many words can one type using only their left hand (like exaggerate or stewardesses)? I added up [...]
David Stevens to Head FHA, FDIC Closes 53rd Bank of 2009, Low Rate Financing From Homebuilders
Congratulations to David Stevens. On Friday the U.S. Senate confirmed Dave to head the Federal Housing Administration (FHA). Stevens will take over the agency in the middle of their huge surge in business, and many feel that with the non-HVCC appraisals and the fact that the FHA insures mortgages with a small down payment for [...]
No More California Tax Credits, Treasury Auctions Dictate Rate Movement, Update On Condo Mortgages
Ah, inflation – at all levels. During the life of a 30-yr fixed-rate mortgage, there are bound to be periods of inflation. It is debatable, in the market of mortgages, whether or not borrowers and lenders take inflation into account. Certainly ARM loans do to some extent. But bond prices (aside from TIP securities, some [...]
Home Values In 10 Years, Rates Down Slightly Ahead of PCE
Still Not Much News On Tax Credits Toward Down Payments Which investor will take the home buyer credit? Taylor Bean Whitaker, which I believe does not hold the mortgage on the Neverland Ranch, has sent this note out to the clients about the first-time home buyer credit:
Another Warehouse Lending Setback, Is California So Bad It’s Good?,
Two cannibals are eating a clown. One says to the other: “Does this taste funny to you?” Warehouse Lending Setback There’s nothing funny about Colonial BancGroup’s Cease and Desist order, which may impact warehouse lending (many mortgage companies rely on Colonial for a warehouse line to fund their loans) and also Taylor Bean’s partial acquisition [...]
