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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.

Investments The Ticker

PennyMac may de-REIT

Rumors have been floating around the market that PennyMac, a fast growing correspondent lender and investor in Mortgage Servicing Rights, might “de-REIT” itself.

But a spokesman gave us this guidance, based on comments made during a past earnings conference call: “The REIT structure is optimal for capital generation and pass-through of investment income to shareholders.” PennyMac will release 4Q earnings in February… 

 

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