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Considerations for Warehouse Mortgage Lenders – Berger Singerman Law Blog Prior to their 2009 collapse, Taylor Bean & Whitaker was the largest customer of Colonial’s Mortgage Warehouse Loan Division. According to the trust’s complaint, as far back as 2002 Taylor Bean executives began shifting money between the company’s Colonial bank accounts as quick fixes for overdrafts and shortfalls.

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Derrick, who works as a mortgage consultant, said Robert and Joan got suckered into the kind of inflationary deal known as a negative amortization loan, since outlawed by. joinder” lawsuit against.

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