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Freddie Mac to Suffer Big Losses From Bankrupt Firm

by Moe Bedard

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 [...]

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