June 08, 2016
Freddie Mac has reached a settlement agreement with insurers in a $111 million coverage dispute tied to defunct Taylor Bean & Whitaker Mortgage Corp.'s $2.9 billion fraud, according to a letter filed Wednesday in New York federal court.
April 10, 2015
A Manhattan federal judge on Friday prodded plaintiff Freddie Mac and defendant insurers including Lloyd's of London to advance a $111 million coverage dispute tied to defunct Taylor Bean & Whitaker Mortgage Corp.'s fraud, setting an aggressive schedule and indicating his unwillingness to carve out discovery into bad faith claims.