US judge rules for FHFA over Nomura in mortgage bond lawsuit

May 11, 2015 4:54 PM

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NEW YORK May 11 A federal judge on Monday ruled that Nomura Holdings Inc misled Fannie Mae and Freddie Mac by making false statements about the quality of mortgages that backed securities it sold.

U.S. District Judge Denise Cote in Manhattan ruled in favor of the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac, following a non-jury trial that ended last month.

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