Wells Fargo, Morgan Stanley Cited for $73B in Faulty Mortgages

A law firm that won an $8.5 billion settlement from Bank of America Corp. tied to faulty mortgage bonds said Wells Fargo and Morgan Stanley failed to service $73 billion of similar securities, creating a default.

Article source: http://www.nationalmortgagenews.com/dailybriefing/wells-fargo-morgan-stanley-faulty-mortgages-1032265-1.html

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