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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.

Lending The Ticker

Flood insurance gets an extension from Congress

U.S. Congress approved a 5-year extension to the National Flood Insurance Program, Fox News said Friday.

The program covers 5.6 million people, providing homeowners in flood prone areas with affordable flood insurance.

The program received several temporary extensions and finally received permission today to go for another 5 years.

Click here to read more.

kpanchuk@housingwire.com

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