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Home » Freddie Looks to Reclaim $595 Million from Colonial
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Freddie Looks to Reclaim $595 Million from Colonial

December 16, 2009
Freddie Mac is trying to recoup $595 million from Colonial Bank related to borrower payments that had been maintained by the now-defunct Taylor Bean Whitaker Mortgage Corp. “In its capacity as a servicer of loans owned or guaranteed by Freddie Mac, TBW received and processed certain borrower funds that it held for the benefit of Freddie Mac,” the GSE said in an 8-K filing with...
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