Nomura found liable for selling toxic mortgages to Fannie, Freddie

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Nomura found liable for selling toxic mortgages to Fannie, Freddie Posted on May 12, 2015 | Leave a comment A federal judge ruled Monday that Nomura Holdings ( NMR ) misled Fannie Mae and Freddie Mac made false representations about the quality of mortgages that were used to back $2 billion securities it sold to the GSEs.

Nomura misled Fannie, Freddie on mortgage bonds, U.S. judge finds. U.S. District Judge Denise Cote in Manhattan ruled for the federal housing finance agency, the conservator for Fannie Mae and Freddie Mac, in a ruling that could allow the U.S. regulator to recover around $450 million.

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A U.S. judge’s ruling that Nomura Holdings Inc and Royal Bank of Scotland Group Plc (RBS.L) made false statements selling mortgage-backed securities to Fannie Mae and Freddie Mac could result in a.

Nomura Holdings Inc. and Royal Bank of Scotland Group PLC will pay an extra $33 million on top of $806 million in damages against them for selling risky mortgage securities to Fannie Mae and.

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A New York federal judge on Monday found Nomura Holdings Inc. liable for selling shoddy mortgage bonds to Fannie Mae and Freddie Mac before the 2008 financial crisis, ruling in favor of the Federal.

The deal would be the latest arising from the sale of toxic mortgage. in New York earlier found the company and former Countrywide executive, Rebecca Mairone, liable for fraudulently selling.

Nomura, RBS liability in US mortgage bond case upped to $839m FHFA had sued banks in its role as conservator for Fannie Mae and freddie mac published: September 05, 2015 17:01 Reuters

A U.S. judge on Friday ordered Nomura Holdings Inc <8604.. in selling mortgage-backed securities to Fannie Mae and Freddie Mac .. after finding the banks liable on Monday following a non-jury bench trial in a lawsuit by.

The FHFA had sued the banks in its role as conservator for mortgage giants Fannie Mae and Freddie Mac. in Manhattan in May found Nomura, the securities’ sponsor, and RBS (LSE: RBS.L – news) , an.

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