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TBW - dead

Posted by dave_donhoff (dwdonhoff@hotmail.com) on
Wed, Aug 5, 09 at 16:48

TBW - dead

TAYLOR BEAN MUST CEASE ALL ORIGINATION OPERATIONS EFFECTIVE IMMEDIATELY
http://www.taylorbeanonline.com/RateSheets/tbwannouncements/TBW Press Release 08052009.pdf

This (was) one of the largest remaining non-depository mortgage banks in the space. Looks like Colonial is going down with them (not sure who fell off the cliff first, but they are tethered together.)

Their removal from the pool will immediately shunt a large portion of dealflow to the remaining players... slowing down and further complicating an already uncertain & headachey timeframe & process.

Dave Donhoff
Leverage Planner


Follow-Up Postings:

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RE: TBW - dead

my office had a signing with their loan docs the day before this came out...big freak out with the higher ups. Not cool...ACK!

Angie


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RE: TBW - suspended

The article I read said it was a temporary suspension ...

Here is a link that might be useful: TBW


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