GSE Settles With TBW Over Phantom MBS

Freddie Mac has reached a settlement with Taylor, Bean & Whitaker over phantom loans the bankrupt lender allegedly included in mortgage-backed securities, but for only about $1 billion of the $45 billion the government-sponsored enterprise had sought.

  • 27 Jun 2011
Freddie Mac has reached a settlement with Taylor, Bean & Whitaker over phantom loans the bankrupt lender allegedly included in mortgage-backed securities, but for only about $1 billion of the $45 billion the government-sponsored enterprise had sought. The estimate is based on a liquidation plan included in a ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

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3 JPMorgan 48,700.30 139 7.92%
4 Wells Fargo Securities 48,082.68 138 7.82%
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