Federal Housing Finance Agency v. Nomura Holding America, Inc. et al

  1. July 05, 2018

    Nomura Can't Duck $500M Bond Securing $806M RMBS Loss

    Nomura Holdings Inc. must maintain a $500 million bond entered in 2015 to secure the $806 million in damages it owes the Federal Housing Finance Agency over the sale of shoddy residential mortgage-backed securities, a New York federal judge said Thursday after the U.S. Supreme Court declined to take up the case.

  2. September 04, 2015

    Nomura To Pay FHFA Up To $839M If 2nd Circ. Fight Flops

    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 Freddie Mac if they fail in their appeal of the judgment at the Second Circuit.

  3. June 10, 2015

    Nomura Takes $806M FHFA Fight To 2nd Circ.

    Nomura Holdings Inc. and RBS Securities Inc. have made good on a promise to take their $806 million fight with the Federal Housing Finance Agency to a federal appeals court, filing notice Wednesday that they will protest a verdict punishing them for harmful mortgage-backed securities sold to Fannie Mae and Freddie Mac.

  4. May 15, 2015

    FHFA Awarded $806M After Win At Nomura MBS Trial

    Nomura Holdings Inc. owes $806 million in damages for selling borderline mortgage securities to Fannie Mae and Freddie Mac, a New York federal judge ruled Friday afternoon, days after the Federal Housing Finance Agency garnered the win in the only one of 18 such suits to go to trial.

  5. May 11, 2015

    Nomura Found Liable Following FHFA Mortgage Bond Trial

    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 Housing Finance Agency following a high-profile bench trial.

  6. April 09, 2015

    Nomura Deflects Mortgage Bond Blame As $1B Trial Ends

    A New York federal judge on Thursday heard closing arguments in a $1 billion trial alleging Nomura Holdings Inc. sold shoddy mortgage bonds to Fannie Mae and Freddie Mac before the 2008 financial crisis, with an attorney for the bank blaming any losses on broader market forces.

  7. March 16, 2015

    FHFA Kicks Off $1B MBS Trial Against Nomura, RBS

    Nomura Holdings Inc. and RBS Securities Inc. engaged in "rampant" mortgage bond abuses before the 2008 financial crisis and saddled Fannie Mae and Freddie Mac with more than $1 billion in losses, an attorney for the Federal Housing Finance Agency said Monday at the start of trial in New York federal court.

  8. March 12, 2015

    Nomura Bucks Wall St. Trend In Risky FHFA Trial Gambit

    With Nomura Holdings Inc. set to square off at trial Monday against the Federal Housing Finance Agency over its mortgage bond activities before the 2008 financial crisis, experts say the Japanese bank may come to regret not settling like others on Wall Street.

  9. March 04, 2015

    Sullivan & Cromwell Denies Witness Coaching In FHFA Suit

    Sullivan & Cromwell LLP fought back Wednesday against accusations made by the Federal Housing Finance Agency that the firm does not have a bona fide relationship with four trial witnesses in mortgage-backed securities litigation and its representation of them is nothing more than a strategy to coach witnesses.

  10. January 23, 2015

    Nomura Says Jury Should Decide Facts Of FHFA Suit

    Nomura Holding America Inc. on Thursday said in a New York court that a jury should determine whether it performed sufficient due diligence on mortgage-backed securities sold to Fannie Mae and Freddie Mac that are the subject of a lawsuit from the Federal Housing Finance Agency.