predatory lending http://michiganradio.org en Predatory lending lawsuit against Morgan Stanley moves forward, the suit involves Detroit homeowners http://michiganradio.org/post/predatory-lending-lawsuit-against-morgan-stanley-moves-forward-suit-involves-detroit-homeowners <p>A federal judge ruled this week that a lawsuit accusing investment banking giant Morgan Stanley of predatory lending in Detroit can move forward.</p><p></p><p>The lawsuit alleges Morgan Stanley pushed sub-prime mortgage lenders to target Detroit neighborhoods with large minority populations.</p><p></p><p>Morgan Stanley later packaged the ‘high risk’ loans into ‘mortgage backed securities’</p><p></p> Fri, 26 Jul 2013 18:21:30 +0000 Steve Carmody 13716 at http://michiganradio.org Predatory lending lawsuit against Morgan Stanley moves forward, the suit involves Detroit homeowners