GSE Settles With TBW Over Phantom MBS

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.

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial