Articles Tagged with ''Nomura''

Senate may vote on tax reform as soon as this week

Will the MID stay or go?
Tax reform is an important, priority issue put forward by the Trump administration. Given that, a vote on a new tax plan could be coming in the Senate soon. Will the mortgage interest deduction stay as is or go down a new road? We may know sooner than later.
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Former Nomura RMBS trader found guilty of securities, wire fraud conspiracy

But found not guilty on six other counts
Nearly two years ago, the SEC and the U.S. Attorney’s Office charged three former Nomura Securities residential mortgage-backed securities traders with fraud, alleging that they “repeatedly lied” to customers about the pricing information of mortgage bonds and defrauded customers out of millions of dollars. The three traders went on trial last month, and a jury handed down a verdict this week. All in all, only one was found guilty – and only on one charge.
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Nomura: Don't make too much out of Nationstar CFO's departure

Appears there's nothing "behind the curtain"
Earlier this week, Nationstar Mortgage surprised the market a bit when it announced that its chief financial officer, Robert Stiles, is departing the company. But according to a report from Nomura, not only does there not appear to be a hidden story behind Stiles' departure, the company likely won’t suffer at all with Amar Patel serving as interim CFO.
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Regulators deny JPMorgan Chase, Redwood Trust securitization innovation

Private market risk-sharing effort rejected by OCC
Last year saw a bit of innovation in the private-label securitization market, as JPMorgan Chase launched a new securitization option where some of the risk on non-agency mortgages is transferred to the private market through a risk-sharing deal. But, the Office of the Comptroller of the Currency rejected the innovative securitization structure. What does it mean going forward?
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Nomura upgrades Altisource Residential on growing single-family rental business

Analysts bullish on company's potential for growth
Altisource Residential Corporation recently disclosed its second quarter financial results, reporting that it took a net loss of $63.5 million during the second quarter. But despite that loss, analysts from Nomura are bullish on the company’s future prospects. The reason? Altisource's growing single-family rental business.
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SEC, U.S. Attorney charge three former Nomura RMBS traders with fraud

Allegedly repeatedly lied to customers, trained junior traders to do the same
The Securities and Exchange Commission and the U.S. Attorney’s Office for the District of Connecticut are charging three former Nomura Securities International residential mortgage-backed securities traders with fraud, accusing the trio of “repeatedly lying” to customers about the pricing information of mortgage bonds and defrauding customers of millions of dollars.
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