Phoenix Arizona Investment Property

Urgent News Release! Please see below: this lender has been a long time FHA and VA loans wholesale lender and FHA lender on manufacturer homes. If you have a loan pending on a contract - especially with a broker - check on your buyers financing today. This lender was the sponsor lender for many brokers on FHA & VA in the Phoenix Arizona and credit lines for some a few lenders.

Ocala, Florida – Taylor, Bean & Whitaker Mortgage Corp. (“TBW”) received notification on August 4, 2009 from the U.S Department of Housing and Urban Development, Freddie Mac and Ginnie Mae (the “Agencies”) that it was being terminated and/or suspended as an approved seller and/or servicer for each of those respective federal agencies. TBW has unsuccessfully sought to have the termination/suspension decisions of each of those agencies reversed. As a result of these actions, TBW must cease all origination operations effective immediately. Regrettably, TBW will not be able to close or fund any mortgage loans currently pending in its pipeline. TBW is cooperating with each of the Agencies with respect to its servicing operations and expects to continue to service mortgage loans as it restructures its business in the wake of these events. We understand that this could have a significant impact on our valued employees, customers and counterparties, and are very disappointed that a less drastic option is unavailable. For those in need of assistance with current Taylor, Bean and Whitaker pending mortgages, please contact Real Vision Group.