Nomura and RBS await judge ruling on FHFA mortgage lawsuit

Lawyers for Nomura and 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 in 2011. The FHFA has acted as conservator of mortgage agencies Fannie Mae and Freddie Mac since their 2008 takeover by the federal government after

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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 judgement exceeding $805 million, a U.S. regulator’s lawyer said on Tuesday. Philippe Selendy,

Earlier this week, Bloomberg Intelligence estimated that the Royal Bank of Scotland Group (NYSE:RBS) will likely shell out $4.5 billion to finally put to rest the lawsuit filed against it by the.

The Nomura case was the first to reach trial out of 18 lawsuit filed by FHFA in 2011 over $200 billion in mortgage-backed securities that various banks sold Fannie Mae and Freddie Mac.

Nomura and RBS await judge ruling on FHFA mortgage lawsuit. Nomura, RBS appeal U.S. judge’s $839 million mortgage bond award. A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc and Royal Bank of Scotland.

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