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  • Morgan Stanley settles for $3.2 billion over 'deceptive' mortgage bond practices

    Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday. Click the headline to read more.

Servicing The Ticker

11 states with the highest foreclosure rates

24/7 Wall Street used CoreLogic's report to identify those states still bogged down with the most number of homes in the foreclosure process. To determine the list, 24/7 used statistics on unemployment, home price changes and how many days in each state the foreclosure process takes. It turns out that one of the biggest reasons foreclosure rates remain high is because of the lengthy foreclosure process.

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