Lee Farkas, the former chairman of Taylor, Bean & Whitaker Mortgage Corp., heads to trial today as the accused mastermind of a $1.9 billion fraud conspiracy. Looming in the background will be the company’s relationship with the bailed-out federal mortgage financier, Freddie Mac.
Taylor Bean ties to Freddie Mac loom in $1.9 billion mortgage-fraud trial
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
