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Tag Archives: Connecticut

Jury Convicts Nomura Trader on Conspiracy Charge

A Connecticut jury found a former Nomura executive guilty on one conspiracy charge on Thursday for allegedly tacking on secret commission fees to RMBS transactions he handled between 2009 and 2013. Two other Nomura employees were also named in the suit, which was filed by the state in September 2015. In addition to one conspiracy charge each, the trio was also charged with two counts of securities fraud and six counts of wire fraud a piece. The jury was hung on three counts, and the defendants were found not guilty on the additional charges.

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Yale Law School Files Amicus Brief in ‘Stripping Off’ Mortgage Case Headed to U.S. Supreme Court

Yale Law School's Mortgage Foreclosure Litigation Clinic and the Connecticut Fair Housing Center (CFHC) have filed an Amicus Brief with the U.S. Supreme Court in support of the respondents in a case to decide whether underwater homeowners in Chapter 7 bankruptcy can legally eliminate the liability on second mortgages, a process known as "stripping off," according to an announcement on Yale Law School's website.

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Clayton Holdings Hires New COO

Thirty-year mortgage industry veteran Jeff Tennyson has joined Clayton Holdings LLC as chief operating officer. Tennyson will be in charge of all of Clayton’s business holdings in the United States, including Transaction Management, Consulting, Surveillance, Commercial Due Diligence, and Green River Capital.

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Connecticut Housing Activity Slow, But Still Creeping Upward

A slight increase in single-family home sales in Connecticut for the month of July marked the fifth time in 2014 that single-family home sales increased year-over-year, according to a report released on Wednesday by the Warren Group, publisher of the Commercial Record. The 3,152 homes sold in Connecticut in July represented the highest total for any month since June 2010, when 3,400 homes were sold in the state, according to the Warren Group. July's total of 3,152 was an increase of less than 1 percent from June's home sales of 3,129 in Connecticut. Year-to-date, through the end of July, home sales in the state have fallen by 1.2 percent (from 14,230 down to 14,059).

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Single-Family Sales Increase in Connecticut

2015 HUD

According to a new report from the Warren Group, single-family home sales are up 2.6 percent overall this year in Connecticut, with a 2.8 percent increase in February of this year from last year. Fighting a low inventory this month, the month represents ten straight months of increases in a row, easing fears.

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