Taylor, Bean & Whitaker Added to Ailing/Watch List

BEACHBOUNDMTG at 06:02 2009-02-19 said:

I understand all of the worry, but I have been funding loans with them the last several months and have never had a problem. Their wire on one file last month was delayed 1 day due to a tech issue, but all the other wires get there within a few hours. I spoke to a high level executive at TBW and they said that nothing internally has been announced and no major issues that he is aware of.

The new MI rules are a result of PMI rules not them. (who sells Conv. MI loan anyway…..so who cares)

FUNDED 6 this month with them….Zero issues FYI: I am not a correspondent.

Seems like they are fine. Permalink

1 More Thing at 09:10 2009-02-19 said:

OHHHHHHHH PLEASE!

NO MORE CHEER LEADERS --- way too many people have run into "computer problems" at the end of each month.

AFTER 333 of these, what would make this be any different?

We all have about 2 years of experience watching and following the "M.O." of an implosion. --- This is TEXT BOOK! Permalink

Alexius12 at 23:07 2009-02-19 said:

Being understaffed is not a sign of ailing. With your thinking Wells Fargo taking well over two weeks to underwrite loans then should be a sign of dead in the water. Short staffed investors create problems. Whether on the front end or when funding time. Permalink