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Article: Taylor Bean Loans Find a Servicer.(Mortgages)(American Home Mortgage Servicing Inc.)(Brief article)
- Article from:
- American Banker
- Article date:
- October 27, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Harry Terris
American Home Mortgage Servicing Inc. is set to take over a portfolio of loans that had been stuck in limbo since the collapse of Taylor, Bean & Whitaker Mortgage Corp.,according to Moody's Investors Service Inc.
American Home, an Irving, Texas, company that has been assembled from assets acquired by Wilbur Ross & Co. LLC during the mortgage crisis, could start servicing the loans this week, Sally Acevedo, a senior analyst with Moody's, wrote in a report published Monday.
The transfer "took two months, following multiple court proceedings," Acevedo wrote, and investors holding $2 billion of mortgage-backed securities were ...
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