Morgan Stanley takes first steps in offering $400M in consumer relief in New York

Earlier this year, Morgan Stanley agreed to a $3.2 billion settlement over its “deceptive” #mortgage bond practices in the run-up to the financial crisis. Part of that settlement included a commitment to provide $400 million in consumer relief for New York residents. Now, Morgan Stanley is taking its first steps to fulfill that commitment. http://www.housingwire.com/articles/37760-morgan-stanley-takes-first-steps-in-offering-400m-in-consumer-relief-in-new-york ❤️ #share #mortgage