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Fed fines 5 banks over mortgage servicing

Fed fines 5 banks over mortgage servicing

From TRD NYC: The Federal Reserve settled five mortgage servicing cases by issuing $35 million in fines to banks that were cited for flawed services. The move ends enforcement actions from the dating back to...

Fed fines 5 banks over mortgage servicing
New Morgan Stanley RE fund raises $1.7B

New Morgan Stanley RE fund raises $1.7B

From the New York website: After a long, painful recovery from the last bust, Morgan Stanley is returning to real estate in style. The massive investment firm raised $1.7 billion for its first higher-risk...

New Morgan Stanley RE fund raises $1.7B
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