Thursday, August 13, 2009

Taylor Bean and Whittaker Issued Cease and Desist Order

Taylor Bean and Whittaker (TBW) was recently issued a cease and desist order for doing mortgages in the state of New Jersey. There were several violations and numerous complaints. The Attorney General is revoking their mortgage license in the state. Keep in mind that this order prohibits them from acquiring new business, and eventually they will have to give/sell all of their clients to other lenders. If you've applied to Taylor Bean and Whittaker for a Loan Modification, you may have some questions about how this is going to affect you. PMC works with numerous Agents and lenders nationwide, so no matter who your loan is sold to, PMC can assist you in getting your questions answered.

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