Tag Archives: Subprime Lending

The settlement concludes the Department of Justice's claims against GE over its handling of subprime home loans. Click through to learn what it means for the industry.

Nomura, the Tokyo-based bank, is the last in a string of financial institutions to settle with the Department of Justice for fraudulent activities involving selling mortgage-backed securities leading up to the Great Recession of 2008.

Editor's note: This story was originally featured in the December issue of DS News, out now.  In 2008, the economy experienced the historical fall of the housing market and the resulting financial crisis—an epic phenomenon that some feared would grow ...

Mudd, the CEO of Fannie Mae during the years leading up to the housing crash (2005 to 2008), and former Fannie Mae executives Enrico Dallavecchia (chief risk officer) and Thomas A. Lund (EVP), requested that U.S. District Judge Paul Crotty grant them summary judgment on the grounds that the SEC had not shown evidence that the GSE misled or made false statements to investors about its subprime portfolio.