Items Tagged with 'Nomura Holdings'

ARTICLES

  • Nomura paying $480 million in settlement over pre-crisis mortgage bonds

    Accused of misleading RMBS investors, including Fannie Mae and Freddie Mac
    Nomura Holding America and several of its affiliates will pay $480 million in a settlement with the Department of Justice over the companies’ mortgage bond activities in the run-up to the financial crisis. The DOJ claimed that Nomura misled investors, which included university endowments, retirement funds, federally insured financial institutions, Fannie Mae, and Freddie Mac, about the quality of the underlying loans between 2006 and 2007.
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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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  • Nomura fighting back against FHFA toxic mortgage lawsuit

    Claims U.S. unit “did nothing wrong”
    Nomura Holdings reportedly does not want to settle with the Federal Housing Finance Agency because it claims that its U.S. unit did not knowingly sell bonds backed by fraudulently originated loans to Fannie Mae and Freddie Mac in the run-up to the crisis.
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