|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||2.607 - 2.607|
|52-week range||1.452 - 4.746|
|PE ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
The 2nd U.S. Circuit Court of Appeals in New York rescinds appeal filed by two of the world's biggest banks -- Nomura Holdings (NMR) and The Royal Bank of Scotland Group (RBS) -- to overturn a settlement agreed in 2015.
Fannie Mae and Freddie Mac may one day stop paying billions of dollars in dividends to the U.S. government. But not today.
Nomura Holdings Inc (Other OTC: NRSCF - news) and Royal Bank of Scotland Group Plc lost a U.S. court appeal on Thursday to overturn an order requiring them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac. A unanimous panel of the U.S. Court of Appeals for the 2nd Circuit in New York, however, rejected that and other arguments. Representatives of Nomura and RBS (LSE: RBS.L - news) declined to comment.
Fed Governor Powell did a lot of jawboning today about the US mortgage market. Michael Farr explains why that's risky business.
Two major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan.
The best way to reform the housing market would be to get rid of these two failed institutions, says former SEC Commissioner Paul Atkins.
A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac. Lawyers for both banks urged the 2nd U.S. Circuit Court of Appeals in New York to reverse a 2015 ruling that followed a non-jury trial in lawsuit by the Federal Housing Finance Agency (FHFA) over mortgage bonds sold before the 2008 financial crisis. David Tulchin, Nomura's lawyer, argued a lower-court judge had no basis to find the alleged false statements were material, arguing she excluded evidence showing mortgage giants Fannie and Freddie knew of the loan underwriting practices at issue.