Wells Fargo is looking like a regular issuer of jumbo MBS these days. The bank tested the market in October and January and is currently working on a $553.6 million deal.
“Morgan Stanley lied about the risk of its products and put profits over teachers and public employees who relied on its advice,” according to California Attorney General Xavier Becerra.
At Dec. 31, MetLife held approximately $11.74 billion in whole loans. In the past, the life insurer had focused on seasoned mortgages, but two years ago started buying newly-originated prime and near-prime mortgages.
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