Bulletin: SA2009037

Date:
August 05, 2009
To:
All Issuing Offices
RE:
Special Alert - Updated - Taylor, Bean & Whitaker Mortgage Corporation

Dear Associates:

We received information that the following entity:

Taylor, Bean & Whitaker Mortgage Corporation

ceased all mortgage origination operations effective immediately. The information indicates that Taylor, Bean & Whitaker will not close or fund any mortgage loans currently pending in its pipeline.

If you have questions relating to this bulletin, please contact Stewart Legal Services or your local underwriting personnel.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
SA2009005 Closing Alert - Updated - Transactions regarding Taylor, Bean & Whitaker
 
SA2009035 Special Alert - Taylor, Bean & Whitaker Mortgage Corporation
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None