Nomura found liable for selling toxic mortgages to Fannie, Freddie

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A U.S. appeals court on Monday threw out a jury’s finding that Bank of America (bac) was liable for mortgage. defrauded government-sponsored mortgage financiers Fannie Mae and Freddie Mac by.

The FHA has taken two of the world’s biggest banks to trial in an attempt to recoup more than $1 billion over the $2 billion in mortgage bonds sold to Fannie and Freddie.

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.

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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.

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 · The FHFA is suing various big financial firms for the alleged misselling of toxic mortgages to Fannie Mae and Freddie Mac during the housing boom.

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.

 · The nearly two-month long court battle between the Federal Housing Finance Agency and Nomura Holdings came to an end Monday when a federal judge found the bank liable for selling shoddy mortgages.

 · Nomura Holdings Inc. and Royal Bank of Scotland Group Plc may face $500 million in damages for what a judge called an “enormous” deception in the sale of defective mortgage-backed securities.

Nomura Holdings (NYSE: NMR), a Japanese bank, is liable for selling faulty loan products to U.S. government agencies. A federal judge found the bank liable for the 2009 financial system plunge due to subprime mortgages. The bank also worked with the Royal Bank of Scotland (LON: RBS), which also underwrote some of the loans providedRead More

Fannie Mae FNMA Stock Message Board: The devil in the dark. HARVARD is

 · The nearly two-month long court battle between the Federal Housing Finance Agency and Nomura Holdings came to an end Monday when a federal judge found the bank liable for selling shoddy mortgages.