Freddie Mac (FRE) said its additional losses related to the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp. could be “significant.”
At the end of September, the giant mortgage lender, which federal regulators took control of a year ago, estimated its potential exposure related to Taylor Bean’s loan repurchase obligations at $500 million.
Freddie said Monday in a filing with the Securities and Exchange Commission that it is working with the debtor in possession, the Federal Deposit Insurance Corp. and other creditors to quantify its other exposures related to Taylor Bean.
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