Nomura, Royal Bank of Scotland in FHA Mortgage Suit Trial – Analyst Blog

Nomura Holdings, Inc. (NMR) and The Royal Bank of Scotland Group plc (RBS), two of the world's biggest banks, will be subjected to a trial today. Notably, the banks have been accused by the Federal Housing Finance Agency (FHFA) of providing fraudulent details regarding mortgages sold to the government-backed mortgage financiers, Federal National Mortgage Association (FNMA) and Federal Home Loan …

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Nomura, Royal Bank of Scotland in FHA Mortgage Suit Trial – Analyst Blog