The federal government’s giant housing agencies could have saved taxpayers billions of dollars from mortgage fraud in a celebrated case involving Colonial Bank and Taylor, Bean and Whitaker, if they had shared more information with each other and conducted better audits. That was the conclusion of the inspector general for the Federal Housing Finance Agency being…
Posted: August 26th, 2014 | Author: admin | Filed under: Economy | Tags: Colonial Bank, Freddie Mac, Ginne Mac, Inspector General, Mortgage crisis, mortgage fraud, Taylor Bean Whitacker | 1 Comment »
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[…] $4 million required for repairs and capital improvements be put into reserve. Arnone told the Asbury Park Press he realizes that those restrictions could reduce the amount the county gets by selling the […]