Wednesday, August 12, 2009

The Taylor, Bean, & Whitaker News Is Not Good

From Reuters:

NEW YORK, Aug 11 (Reuters) - Lawyers for Taylor, Bean & Whitaker Mortgage Corp, the 12th-largest U.S. mortgage lender, said in court papers last week that a "bankruptcy filing is imminent" for the lender after it was forced to shut down mortgage lending operations.

....The Wall Street Journal reported on Tuesday that an internal email at Taylor Bean dated Aug. 10, referred to a new computer folder "to assemble all of our bankruptcy detailed spreadsheets."