Freddie Mac fights bid to probe its ties with Taylor Bean

Freddie Mac (FRE) is trying to fend off Bank of America Corp. (BAC) from probing its business relationship with failed lender Taylor Bean & Whitaker Mortgage Corp. in an investigation Freddie says would ring up at least a $10 million tab. Freddie Mac is urging the U.S. Bankruptcy Court in Jacksonville, Fla., not to allow Bank of America to carry out an investigation that it says is both too broad and too costly. “The breadth of the discovery sought by BoA is so vast that Freddie Mac …

Most Popular Articles

Latest Articles

The HELOC dam is opening. Are you ready? 

U.S. homeowners are using HELOCs to access trillions in home equity amid rising interest rates. Mortgage originators should explore this area with innovative financing solutions like bank statement HELOCs.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please