Not one ones eleven exposure situations related to an effective borrower's borrowing qualities

From the MSAC analysis presentation used with prospective buyers, Morgan Stanley frequently told possible buyers which "has actually focused on partnering with the higher entire financing originators whom features strong credit cultures and you may exposure government." Morgan Stanley further portrayed in prospectus drugs you to definitely "[p]rior to getting one home-based mortgage loans," Morgan Stanley used "a look at brand new associated mortgage provider that's based upon the credit top-notch the newest attempting to sell organization," hence "range between examining find monetary pointers getting credit and you will risk testing and you can carrying out an underwriting rule opinion, elderly top government talk and/or criminal record checks." Morgan Stanley stated "[t]the guy underwriting rule remark entails a review of the borrowed funds loan origination techniques and you may options.