WASHINGTON (Reuters) - The Federal Reserve on Tuesday said it would seek damages from Morgan Stanley due to "a pattern of misconduct and negligence" in the handling of home loans by one of the investment bank's mortgage servicing units. The Fed wants Morgan Stanley to review foreclosures overseen by the mortgage-servicing unit to ensure documents were not mishandled and borrowers di
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Fed targets Morgan Stanley over home loans
Posted by mortgage 50 days ago (Editorial)
Morgan Stanley, SEB, TBC, Lehman, Stanford in Court News
Posted by mortgage 54 days ago (Editorial)
An ex-FrontPoint Partners LLC fund manager, Joseph F. ?Chip? Skowron, who began serving a five- year sentence for insider trading in January, must pay Morgan Stanley (MS) $10.2 million, a judge ruled.
Morgan Stanley, SEB, TBC, ADM, Lehman, Stanford in Court News
Posted by mortgage 62 days ago (Editorial)
An ex-FrontPoint Partners LLC fund manager, Joseph F. ?Chip? Skowron, who began serving a five- year sentence for insider trading in January, must pay Morgan Stanley (MS) $10.2 million, a judge ruled.
JP Morgan, Goldman Sachs May Face SEC Lawsuits Over Subprime Mortages
Posted by mortgage 83 days ago (Editorial)
The Securities and Exchange Commission is considering civil action against JP Morgan Chase and Goldman Sachs for their role in several subprime mortgage deals.
Morgan Stanley, Credit Suisse, Citigroup, BP, Microsoft in Court News
Posted by mortgage 161 days ago (Editorial)
Morgan Stanley (MS) reached a settlement with MBIA Inc. (MBI) over credit-default swaps that led to billions of dollars of losses for the bank, agreeing to terminate the contracts and drop a challenge to the insurer?s restructuring.
Morgan Stanley, Saxon American in Mortgage Pact With New York
Posted by mortgage 194 days ago (Editorial)
Morgan Stanley (MS) and its mortgage servicer Saxon, American Home Mortgage and Vericrest Financial agreed with New York?s Department of Financial Services to adhere to terms of previous mortgage-servicing pacts with Goldman Sachs Bank, Ocwen Financial, and Litton Loan Servicing, accroding to an e-mailed statement.
Morgan Stanley says warned on $6 billion mortgage debt
Posted by mortgage 197 days ago (Editorial)
(Reuters) - Morgan Stanley said a group of investors believes the bank may have sold defective mortgage bonds contained in more than $6 billion of trusts, signaling that it may face litigation over its involvement.
Morgan Stanley says warned on $6 bln mortgage debt
Posted by mortgage 197 days ago (Editorial)
* Bank accused of basing bond deals on bad information* Trusts at issue worth more than $6 billion* MS has entered tolling agreements with other partiesNov 7 (Reuters) - Morgan Stanley said a group ofinvestors ...
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