Nomura and RBS await judge ruling on FHFA mortgage lawsuit

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Productive Mortgage Meeting NEW YORK A U.S. judge on Friday ordered Nomura Holdings Inc. and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed.

Circuit Judge Carolyn Dineen King wrote in her ruling. RBS was involved was decided in May in favor of the government agency that filed the suit. The FHFA alleged it suffered monumental losses when.

national mortgage association and the federal home loan mortgage corporation, plaintiff, -against- nomura holding america inc., nomura asset acceptance corporation, nomura home equity loan, inc., nomura credit & capital, inc., nomura securities international, inc., rbs securities inc. (f/k/a greenwich capital markets, inc.), david

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The court left in place a September ruling. RBS could not immediately be reached for comment. The award stemmed from a lawsuit brought against Nomura and RBS by the Federal Housing Finance Agency.

The ruling in the FHFA case against Nomura Securities and RBS: the essentials Posted on 13 May 2015 by Drew Shagrin In the summer of 2008, primarily to address the subprime mortgage crisis, the US Congress passed, and President Bush signed, the Housing and Economic Recovery Act of 2008.

The award stemmed from a lawsuit brought against Nomura and RBS by the Federal Housing Finance Agency in 2011. The FHFA has acted as conservator of mortgage agencies Fannie Mae and Freddie Mac.

Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.. Home / Media / FHFA Sues 17 Firms to Recover Losses to Fannie Mae and Freddie Mac.. Nomura Holding America Inc.

U.S. District Judge. for RBS declined comment. The lawsuit was the first to reach trial out of 18 the regulator filed in 2011 over some $200 billion in mortgage-backed securities that various banks.

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