Monday, August 24, 2009

interesting reading on Taylor Bean

SECOND EMERGENCY ORDER

6 comments:

Dave Wirsching said...

OMG - I knew they were trouble and not good to work with (we wouldn't), but this is beyond the pale.... who the heck was auditing them?

Diane Cipa said...

It's astounding to me, especially since the FHA as such strict audit standards. The CPA firm has some culpability here I think.

We've handled transactions that were brokered to them by some of our local banks. They weren't too terrible but it was always a cliff hanger.

TitleEd said...

have you seen this report on Pennsylvania Title Insurance?
http://www.ins.state.pa.us/ins/lib/ins/consumer_liaison/strombom_bruce.pdf

Diane Cipa said...

Yes, thank you, I did. I was present at the hearing. This is a whole lot of interesting testimony related to the public hearing that I think readers would enjoy.

Do you see a connection to Taylor Bean?

TitleEd said...

No - no connection it was just easier to reply than to start a new thread.

I am wondering though of the validity of the report since it was paid for by an underwriter. Sort of like a drug company commissioning research on one of their own drugs.

Diane Cipa said...

It is just testimony paid for and given on behalf of First American. Poke around and read the reports of the two economists hired by the Attorney General. Very interesting. ;)