0 minute readMorgan Stanley sold its Russian mortgage unit, one of the country’s leading mortgage operators, to Russian Orient Express bank, the Russian lender said late on Thursday. Morgan Stanley has been looking for a buyer for its City Mortgage Bank since the global financial crisis hit the country’s construction sector hard and effectively froze the securitization market and killed demand for new loans.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
