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?

D 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

D 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.

D 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. ;)