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Freddie Mac: Taylor, Bean loss may be significant
Quick ReadFreddie Mac says losses related to Taylor, Bean bankruptcy 'could be significant'
NEW YORK (AP) — Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp.
In a regulatory filing with the Securities and Exchange Commission, government-backed Freddie Mac said Taylor, Bean received and processed some of Freddie Mac's borrower funds through Colonial Bank, which...
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