Relevant:
- Bank of America ordered to pay $1.27 billion for 'Hustle' fraud
- Judge to banks: no limits on Fannie/Freddie MBS securities cases
- Judge to banks: no limits on Fannie/Freddie MBS securities cases
- Judge to banks: no limits on Fannie/Freddie MBS securities cases
- HSBC to Pay $550 Million to US Housing Authorities to End Mortgage-Related Suit
2015-05-15 — bloomberg.com
``Nomura Holdings Inc. and Royal Bank of Scotland Group Plc were ordered to pay $806 million in damages to government-owned mortgage companies over misleading securities pitches. A federal judge in New York on Friday ordered the banks to pay the full amount requested by the Federal Housing Finance Agency. U.S. District Judge Denise Cote earlier found the banks liable for "enormous" deception in the sale of mortgage-backed securities.''
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