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Morgan Stanley seeks dismissal of MBS suit

Morgan Stanley (MS) seeked dismissal of a suit filed by MetLife (MET) over mortgage-backed securities saying the insurer knew theh ousing market was starting to deteroirte before it bought the majority of the bonds.

MetLife invested about $56.5 billion in residental mortgage-backed securities before 2008.

 

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TheGathering2024-AJ-1341
Kristen Sieffert leads the reverse mortgage presence at The Gathering 

FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.

3d rendering of a row of luxury townhouses along a street

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