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Morgan Stanley to face MetLife MBS fraud case

A New York state judge ordered Morgan Stanley (MS) to face a part of a lawsuit in which MetLife (MET) accused the company of fraudulently selling $758 million of residential mortgage-backed securities that it knew were defective.

"While dismissing some claims as having been made too late, New York State Supreme Court Justice Eileen Bransten in Manhattan said MetLife may pursue claims that Morgan Stanley knew of underwriting defects and faulty appraisals, and pushed credit rating agencies to inflate ratings for the securities."

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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

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