One of every seven of Taylor Bean & Whitaker Mortgage Corp. government-backed mortgages in Florida are at serious risk of failing. Company faces imminent bankruptcy.
"The HUD data also shows that, of Taylor Bean’s mortgages, 92 percent originated during the past two years, which made it the fastest-growing FHA underwriter….""Of the 15,714 mortgages Taylor Bean once held in Florida, more than 14 percent were three months delinquent, according to U.S. Department of Housing and Urban Development data. That percent is the highest for the 10 largest mortgage lenders doing Federal Housing Administration business in Florida and dwarfs a national FHA delinquency rate of 6.9 percent."