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Taylor, Bean & Whitaker Mortgage Corp., Files For Relief Under Chapter 11 - August 24, 2009

On August 24, 2009, Stichter Riedel filed a Chapter 11 petition for Taylor, Bean & Whitaker Mortgage Corp. (''Taylor Bean''). Until August 2009, Taylor Bean was the largest independent (i.e. non-depository owned) mortgage lender in the United States. Headquartered in Ocala, Florida, Taylor Bean is a 27-year-old mortgage company which grew from a small local mortgage company to become the nation’s third largest direct-endorsement lender of FHA-insured loans and one of the largest wholesale mortgage lenders and issuers of mortgage backed securities. It also managed a combined mortgage servicing portfolio of approximately $80 billion. Taylor Bean will be guided in the Chapter 11 process by Edward J. Peterson, Russell M. Blain & Amy D. Harris. For access to specific case information, please visit: