Volume 14 - Number 3
February 7, 2014
Morgan Stanley Settles GSE Subprime Case With FHFA
Morgan Stanley & Co. this week disclosed in a filing with the Securities and Exchange Commission that it likely will pay $1.25 billion to settle charges that it sold faulty non-agency mortgage-backed securities to Fannie Mae and Freddie Mac in the years leading up to the financial crisis. The settlement, however, is not final and theres one more stop to it, said one observer close to matter.
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