Morgan Stanley scales back mortgage business
Story date: 2007-10-02 11:13:00
Added on: 2007-10-02 13:21:57
Marketwatch - During the recent housing boom, this securitization of subprime mortgages and other home loans was a lucrative business for investments banks. It became so attractive that some firms acquired subprime mortgage lenders so they could originate loans in ...
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