New Century Mortgage Corp.

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  • Rubbie McCoy, a plaintiff in a lawsuit filed against Morgan Stanley, describes her situation in New York on Monday as her attorney Elizabeth Cabraser looks on. Ms. McCoy is part of a suit that claims that Morgan Stanley discriminated against black homeowners and violated federal civil rights laws. She said her mortgage broker falsified her loan application in 2006. (Associated Press)

    Morgan Stanley faces discrimination lawsuit

    The American Civil Liberties Union accused Morgan Stanley of violating civil rights laws by encouraging a lender to push more expensive and risky mortgages on black neighborhoods in Detroit.

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