Morgan Stanley plans to launch a jumbo and alternative-A credit mortgage conduit in June that will expand the Wall Street firm's range of loan products in this area, sources have told MortgageWire.Morgan Stanley, which has previously been active in the subprime and subperforming loan areas, plans to utilize approximately 10 production offices covering its mortgage correspondents across the country in the new effort. Key personnel from Morgan Stanley said the conduit is part of the firm's efforts to provide a larger range of products to investors and to become one of the top three players in the whole-loan collateralized mortgage obligation business within two years.
Processing Content
