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    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.

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California beats other states in HARP activity

California charges ahead as the state with the most borrowers using the Home Affordable Refinancing Program through early 2013, the San Francisco Chronicle reports.

According to the article, California HARP borrowers used 14,204 HARP loans in February, up 27 loans from 14,177 in January and 2,990 from 11,214 in December 2012. 

Additionally, the article said Californians are saving more than $4,300 a year on their mortgages. 

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