– The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement with Royal Bank of Scotland Group plc, related companies and specifically named individuals (collectively RBS) for $5.5 billion. The settlement resolves all claims in the lawsuit FHFA v.
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In her 361- page ruling, Judge Denise L. Cote of Federal District Court in Manhattan wrote that the extent of falsity committed by the two banks was "enormous." She told the FHFA to propose how much Royal Bank of Scotland and Nomura should pay in the wake of her decision. The agency had initially sought approximately $1.1 billion.
Nomura Found Liable Following FHFA Mortgage Bond Trial. The only other holdout besides Nomura is Royal Bank of Scotland Group. Monday’s ruling was an emphatic win for the FHFA. Judge Cote.
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NEW YORK, Sept 2 (Reuters) – A judge on Tuesday dismissed a lawsuit by the Federal. similar statute allowed the FHFA to pursue two mortgage-backed securities lawsuits primarily targeting HSBC and.
Lawyers for both banks urged the 2nd U.S. Circuit Court of Appeals in New York to reverse a 2015 ruling that followed a non-jury trial in lawsuit by the Federal Housing Finance Agency (FHFA) over.
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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.
RBS, Nomura Scorched in Mortgage Fraud Case May 11, 2015 ADAM KLASFELD MANHATTAN (CN) – In a devastating, 361-page ruling, a federal judge reamed RBS Securities and Nomura Holdings for offering documents on mortgage-backed securities that reached "enormous" heights in the "magnitude of falsity."
NEW YORK (Reuters) – A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc <8604.T> and Royal Bank of Scotland Group Plc <RBS.L> to pay $839 million.
A U.S. judge on Monday ruled that Nomura Holdings Inc made false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. U.S. District.