Search for: "Morgan Stanley Home Loans "
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1 May 2014, 12:26 pm
While the ACLU Racial Justice Program continues to work toward improving the many economic injustices people of color face — by holding Morgan Stanley accountable for orchestrating predatory loans prior to the 2008 financial crisis and investigating debtors' prisons that have led to the incarceration of poor people unable to pay criminal justice debts — a federal minimum wage raise by Congress has the potential to lessen racial wealth inequality as a… [read post]
16 Mar 2014, 3:38 pm
WEST, individually; and TALL TOWER VENTURES, LLC, a Florida limited liability company, Appellees/Cross-Appellants. 2nd District.Mortgage foreclosure -- Error to dismiss second amended foreclosure complaint based on plaintiff's failure to prove that its loan servicer had authority to verify the foreclosure complaint at that stage of the litigation -- Plain language of rule does not require servicer to file evidence with the foreclosure complaint proving that it had authority to verify the… [read post]
21 Feb 2014, 8:19 am
We here at the ACLU are litigating Adkins v .Morgan Stanley, a case that seeks to remedy damages inflicted on African-American homeowners in the Detroit area who were harmed by a predatory and discriminatory mortgage securitization machine that left them with extremely risky, foreclosure-prone loans. [read post]
6 May 2013, 5:07 am
Morgan Stanley, where five African-American current and former homeowners have taken Wall Street giant Morgan Stanley to court for its role in foisting bad loans on black neighborhoods. [read post]
7 Apr 2013, 5:20 pm
Read the entire Dept of Justice Press Release on the Settlement Here The Justice Department announced today that under its 2011 settlements with BAC Home Loans Servicing LP, a subsidiary of Bank of America Corporation, and Saxon Mortgage Servicing Inc., a subsidiary of Morgan Stanley, 316 service members whose homes were unlawfully foreclosed upon between 2006 and 2010 are due to receive over $39 million in monetary relief for… [read post]
28 Mar 2013, 10:09 am
Lenders Halt Foreclosures Three Weeks JP Morgan Chase & Co., Citigroup Inc., Morgan Stanley and... [read post]
5 Feb 2013, 8:06 am
Morgan Stanley, received a toxic loan from a subprime lender, which was immediately sold and packaged into a mortgage-backed security. [read post]
17 Aug 2012, 5:00 am
Recall that before the recent financial crisis, there were five large investment banks (Goldman, Morgan Stanley, Merrill, Bear Sterns, and Lehman). [read post]
1 Aug 2012, 5:51 am
Or, it “may” cause loans to be excluded from securitizations? [read post]
29 Jun 2012, 8:00 am
Plaintiffs provide comparisons of Goldman’s average pay per employee to firms such as Morgan Stanley, Bear Stearns, Merrill Lynch, Citigroup, and Bank of America. [read post]
21 Jun 2012, 8:13 am
On September 2008, the Federal Housing Finance Agency (FHFA) placed Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) into conservatorship. [read post]
21 May 2012, 5:06 am
Morgan Stanley certainly doesn’t think so, so why would anyone else? [read post]
16 May 2012, 5:00 am
Only Morgan Stanley and Goldman remain (afer both converted to commercial banks). [read post]
11 May 2012, 6:00 am
“If the cash flow is divided into two, a couple needs to determine if they can they live the life that they live now or if they need to make an adjustment, like selling a home,” says Mark Seruya, executive director at Morgan Stanley Smith Barney. [read post]
12 Apr 2012, 2:00 pm
Morgan Stanley had bought Saxon for $706 million during the housing bubble. [read post]
12 Apr 2012, 8:55 am
According to the Federal Reserve, Saxon Mortgage was the 34th-largest residential loan servicer in the U.S., collecting payments on more than 225,000 home loans. [read post]
12 Apr 2012, 8:55 am
According to the Federal Reserve, Saxon Mortgage was the 34th-largest residential loan servicer in the U.S., collecting payments on more than 225,000 home loans. [read post]
4 Apr 2012, 7:14 am
Now we have news of another suit by the Federal Reserve, this time against Saxon Mortgage Services, a company under the Morgan Stanley umbrella (yes, another major Wall Street Firm). [read post]
2 Apr 2012, 6:15 am
When GE purchased WMC in 2004, all that WMC did was “whole loan sales,” meaning that it would loan out money for mortgages, and then sell the loans to Wall Street investment banks, who would package and securitize those loans. [read post]
27 Mar 2012, 8:12 am
We can get “expert” help from our guy at Morgan Stanley, to be sure… but no one is truly “expert” at knowing what the future holds, so at the end of the day, we’ll have to make the call. [read post]
