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news concerns of fraud have arisen concerning a top mortgage lender; Adjustable Rate Mortgage Blog
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concerns of fraud have arisen concerning a top mortgage lender

08/27/09 10:21

A mortgage lender is suspended for claims of fraud. Taylor Bean, a top mortgage lender, was suspended yesterday by the government mortgage insurer. It could possibly be the end of Taylor Bean, this was said by David Lykken. David is a managing partner at Mortgage Banking Solutions in Austin, Texas.

Mortgages of the FHA represent half of new loans for home purchase. Taylor Bean misrepresented, claiming that there were no unresolved issues present. The auditor then realized that there were irregular practices visible, raising concerns.

Link: Top Mortgage Lender Suspended For Fraud

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