Ocala Funding, LLC

  1. August 01, 2016

    USAmeriBank Settles $5M Fraudulent Transfer Suit With Ocala

    USAmeriBank and Ocala Funding LLC asked a Florida bankruptcy court Monday to approve a settlement that would pay creditors $350,000 for an allegedly fraudulent $5 million transfer that executives of Ocala parent Taylor Bean & Whitaker Mortgage Corp. made in 2009 to cover up a multibillion-dollar fraud.

  2. August 04, 2015

    Ocala Trust Sues USAmeriBank Over $5M Transfer In Fraud

    The litigation trust for Ocala Funding LLC launched an adversary suit Monday in Florida bankruptcy court against USAmeriBank Inc. over an allegedly fraudulent $5 million transfer executives of parent Taylor Bean & Whitaker Mortgage Corp. made to the bank in 2009 to cover up a massive fraud.

  3. May 28, 2014

    $102M Ocala-Freddie Mac Settlement Gets Judge's OK

    A Florida bankruptcy judge on Tuesday approved a $102 million settlement between bankrupt Taylor Bean & Whitaker Mortgage Corp. subsidiary Ocala Funding LLC and Freddie Mac over an allegedly fraudulent $805 million transfer to Freddie Mac.

  4. February 13, 2013

    Cadwalader Settles $1.6M Claim In Ocala Bankruptcy

    Bankrupt Taylor Bean & Whitaker Mortgage Corp. subsidiary Ocala Funding LLC said Friday that Cadwalader Wickersham & Taft LLP had agreed to drop a $1.6 million claim and pay $125,000 to Ocala, which in turn will waive any claims tied to Cadwalader's prebankruptcy legal services.

  5. January 08, 2013

    Sovereign Strikes $9M Deal In Ocala Fund Transfer Suit

    Sovereign Bank NA has agreed to a $9 million settlement with bankrupt Taylor Bean & Whitaker Mortgage Corp. subsidiary Ocala Funding LLC over an allegedly fraudulent $22 million transfer made at the time TBW was insolvent, Ocala said Monday.

  6. August 09, 2012

    Judge Lets BofA Seek $1.75B In Taylor Bean Losses

    A Florida bankruptcy judge on Wednesday allowed Bank of America Corp. to seek repayment of $1.75 billion in investor losses resulting from a fraud allegedly perpetrated by bankrupt lender Taylor Bean & Whitaker Mortgage Corp.

  7. July 11, 2012

    Taylor Bean Unit's $800M Freddie Mac Gambit Faces Slim Odds

    Ocala Funding LLC made waves Tuesday with a bold bankruptcy filing that sought to claw back more than $800 million from Freddie Mac to pay two bank lenders, but legal experts said the Taylor Bean & Whitaker Mortgage Corp. unit may have bitten off more than it can chew.