Taylor Bean Gripes At FDIC Over Mortgage Portfolio

Law360, New York (August 31, 2009, 6:31 PM EDT) -- Taylor Bean & Whitaker Mortgage Corp. responded on Monday to increasing pressure from financial institutions and federal agencies seeking to force the bankrupt mortgage lender to turn over millions of dollars and a host of information related to its $80 billion mortgage servicing operations.

Taylor Bean filed a response to objections in the U.S. Bankruptcy Court for the Middle District of Florida, claiming that internal upheaval and the actions of the Federal Deposit Insurance Corp. have prevented the company from fully transferring its mortgage servicing duties...
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