Tag Archives: Mortgage Division

Colonial Bank died of real estate gluttony, says FDIC

The report also shed little light on Colonial’s murky relationship with Taylor, Bean & Whitaker, a defunct Florida mortgage broker. On Aug. 4, federal investigators raided Colonial’s mortgage division in Orlando, Fla. , and Taylor, Bean’s headquarters…Source: Everything Alabama

First Banks: One in four Florida home loans under the microscope

About 24.2 percent of the Florida mortgage division portfolio at First Banks Inc. was delinquent or restructured as of Sept. 30.Source: Tampa Bay Business Journal