Roughly 40 seller/servicers have been shown the door by Fannie Mae and Freddie Mac since 2007, according to a new report from the inspector general (IG) of the Federal Housing Finance Agency (FHFA).

The report, however, only names one firm that has been terminated: Taylor Bean & Whitaker, which collapsed in 2009 amid a multi-billion MBS and warehouse lending-related scandal where it fabricated assets. Multiple criminal indictments and convictions ensued.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.