Morgan Stanley finally pays $275 million for subprime RMBS fraud

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

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Goodbye HomePath Mortgage and HomePath Renovation
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Servicing / The Ticker

Texas foreclosure pipeline slim for its population

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[A]t the end of November, 1.1% of all homes in Texas with a mortgage were in the state’s foreclosure inventory — meaning that these homes had entered some stage of the foreclosure process. Nationwide, however, 3.2% of all homes in the U.S. were in some stage of the foreclosure process.

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