MetLife Slaps Morgan Stanley With RMBS Suit

MetLife has filed suit against Morgan Stanley alleging fraud involving $757 million in residential mortgage-backed securities it bought in 2006 and 2007.

  • 26 Apr 2012

MetLife has filed suit against Morgan Stanley alleging fraud involving $757 million in residential mortgage-backed securities it bought in 2006 and 2007. MetLife charges that Morgan Stanley said the loans backing the RMBS were based on specific underwriting guidelines and collateralized by accurately appraised properties.

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