Taylor, Bean & Whitaker Agrees to Settle State Action Over Alleged Tampering in Loan Origination Practices
June 25, 2009
Taylor, Bean & Whitaker Mortgage Corp. will modify loans for struggling homeowners and pay $9 million in fines as part of a settlement with Pennsylvania and 13 state mortgage regulators, the Keystone state’s Secretary of Banking Steve Kaplan announced Monday.The agreement comes as the result of a multi-state examination of nontraditional mortgages originated by TBW in 2006...