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Georgia Department of Banking and Finance Announces Multi-State Settlement with Taylor, Bean & Whitaker...
Atlanta, GE - June 23, 2009 - (RealEstateRama) — The Georgia Department of Banking and Finance (Department) today announced a major agreement with Taylor, Bean & Whitaker Mortgage Corporation (TBW) regarding its mortgage lending practices for so-called “nontraditional” loans made in 2006. This agreement will result in a detailed review of TBW’s nontraditional loan exceptions, the adoption of the federal loan modification program to assist struggling homeowners, and the payment of $9 million to assist the states in their oversight of mortgage origination practices
HUD Approves $12.7 Million Deal to Renovate 25-Bed Hospital in Washington, Georgia
WASHINGTON, DC - May 29, 2009 - (RealEstateRama) — The U.S. Department of Housing and Urban Development today announced a commitment to insure a mortgage loan to Wills Memorial Hospital in Washington, Georgia to renovate its 25-bed facility. The $12.7 million loan is made possible through the Federal Housing Administration's Section 242 Hospital Mortgage Insurance Program.
