mortgages: Another big wholesale lender bites the dust. Will we have any left?
- 08/06/09 04:21 PM
Anyone want to start playing ‘Another One Bites the Dust’ It came across my desk this morning that Taylor, Bean & Whitaker Mortgage Company, one of the major players in residential home mortgages has bit the dust. Apparently FHA has barred them from doing loans for them, and that was the rock to the side of the head that brought this Goliath down. Taylor, Bean & Whitaker Mortgage Corp., one of the largest independent home-loan providers, closed its mortgage-lending operation Wednesday, an event that further consolidates an industry increasingly dominated by a few big banks. The failure of the privately held … (7 comments)
mortgages: Are there any 100% financing solutions left for Snohomish County?
- 07/12/08 01:51 AM
With lender after lender closing their doors and loan programs being shut down one after another the options for fiancing a home are looking bleak. Loan programs that once allowed people with little savings to purchase a home have been virtually eliminated, which has put many of my clients in Snohomish county (and just about everywhere) in a real bind. But there are still options! Gone are the days of 80/20 loans, 100% stated loans, or reduced documentation loans. We are now back in the realm of Government subsidized loans. FHA loans are making a strong come back and along with … (0 comments)
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Anyone want to start playing ‘Another One Bites the Dust’ It came across my desk this morning that Taylor, Bean & Whitaker Mortgage Company, one of the major players in residential home mortgages has bit the dust. Apparently FHA has barred them from doing loans for them, and that was the rock to the side of the head that brought this Goliath down.
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