Comment & Analysis
Morgan Stanley Bankers Were Pressured to Approve Mortgages for Wealthy Clients
Inside Morgan Stanley’s MS private bank for the ultrawealthy over the past year, an employee in the mortgage-lending department tried to question how a client kept applying for new home loans claiming he would be living in the residences. The client had already received several owner-occupied loans in just…
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Click here to read the full story: Wall Street Journal