U.S. Supreme Court Declines Review Of Mortgage-Backed Securities Rulings

Mealey's (June 25, 2018, 1:48 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 25 declined to hear appeals in a pair of related securities fraud lawsuits, originally brought by the Federal Housing Finance Agency (FHFA) and stemming from the sale of residential mortgage-backed securities to government-sponsored agencies (GSEs) Federal Home Loan Mortgage Corp. (Freddie Mac) and Federal National Mortgage Association (Fannie Mae)  (David Findlay, et al. v. Federal Housing Finance Agency, No. 17-1300, and Nomura Securities International Inc. v. Federal Housing Finance Agency, No. 17-1302)....