Florida mortgage lender stops funding loans - WSFA.com Montgomery Alabama news.

Florida mortgage lender stops funding loans

OCALA, Fla. (AP) - One of the nation's largest wholesale mortgage lenders has stopped funding mortgages, a day after federal authorities barred it from making loans insured by the Federal Housing Administration.

Taylor, Bean & Whitaker Mortgage Corp. stopped its mortgage lending operations on Wednesday. The agency on Tuesday suspended the firm from originating new FHA-insured mortgages, and on Monday federal agents raided the lender's Ocala, Fla.-based headquarters, along with the Orlando office of Colonial BancGroup. Federal authorities say the firm failed to submit a required annual financial report and misrepresented that there were no unresolved issues with its independent auditor.

Taylor, Bean & Whitaker recently planned to make a $300 million equity investment in Montgomery, Ala.-based Colonial, but that deal fell through Friday.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

  • NewsMore>>

  • Opelika city leaders oppose bill aimed to help local pharmacies

    Opelika city leaders oppose bill aimed to help local pharmacies

    Wednesday, March 22 2017 9:15 PM EDT2017-03-23 01:15:23 GMT
    (Source: Jose Zozaya/WTVM)(Source: Jose Zozaya/WTVM)

    With tax dollars now on the line city leaders now oppose legislation that may help independent pharmacies in the area. 

    More >>

    With tax dollars now on the line city leaders now oppose legislation that may help independent pharmacies in the area. 

    More >>
  • BREAKING

    1 injured, 1 arrested following shooting at Eufaula Winn-Dixie

    1 injured, 1 arrested following shooting at Eufaula Winn-Dixie

    Wednesday, March 22 2017 8:07 PM EDT2017-03-23 00:07:09 GMT
    (Source: AP Graphics)(Source: AP Graphics)

    One person has been arrested in connection to a shooting at the Winn Dixie at Eufaula Square.

    More >>

    One person has been arrested in connection to a shooting at the Winn Dixie at Eufaula Square.

    More >>
  • AL job seekers, unemployment recipients targeted in data hack

    AL job seekers, unemployment recipients targeted in data hack

    Wednesday, March 22 2017 11:43 PM EDT2017-03-23 03:43:34 GMT

    An alert has been issued for those who have looked for work using JobLink or received unemployment after the state learned that information could have fallen into the hands of hackers. 

    More >>

    An alert has been issued for those who have looked for work using JobLink or received unemployment after the state learned that information could have fallen into the hands of hackers. 

    More >>
Powered by Frankly