The last holdout in a swarm of lawsuits filed in 2011 against underwriters and issuers of mortgage-backed securities has been resolved by the country’s high court.
In September 2011, the Federal Housing Finance Agency filed several lawsuits on behalf of Fannie Mae and Freddie Mac against firms the to companies acquired MBS from.
Among the defendants in the cases were Nomura Securities and the Royal Bank of Scotland.
Source: Mortgage Daily
