The trustee wrapping up the affairs of fraud-riddled mortgage lender Taylor Bean & Whitaker Mortgage Corp. has asked a judge to cement a deal with banks that is part of the chapter 11 plan of a Taylor Bean finance vehicle, Ocala Funding LLC, Dow Jones Daily Bankruptcy Review reported today. A condition of Ocala's chapter 11 plan requires that the unit's claim against the money raised in the Taylor Bean bankruptcy be boosted from $1.6 billion to $1.75 billion.
