Morgan Stanley Cuts 600 Jobs in Home-Loan Business (Update2) (Bloomberg.com)
Oct. 2 (Bloomberg) -- Morgan Stanley, the second-biggest U.S. securities firm, plans to cut 600 jobs after a decline in mortgage-related revenue contributed to lower third-quarter earnings than analysts estimated.

Morgan Stanley Cuts 600 Jobs in Home Loan Business (Update1) (Bloomberg.com)
Oct. 2 (Bloomberg) -- Morgan Stanley, the second-biggest U.S. securities firm, plans to cut 600 jobs after a decline in mortgage-related revenue led to lower third-quarter earnings than analysts estimated.

Fitch Rates CIT Mortgage Loan Trust $6.64B Series 2007-1 (FinanzNachrichten)
::â-?Fitch Rates CIT Mortgage Loan Trust $6.64B Series 2007-1â-?: CIT Mortgage Loan Trust 2007-1 $6.64 billion mortgage pass-through certificates, series 2007-1, are rated by Fitch Ratings as follows: ...

Business Topics (Sun-Sentinel)
A coalition of Colombian-American groups in South Florida is lobbying for the pending U.S.-Colombia free trade agreement.

Feds target mortgage fraud; 18 charged in S. Florida (Miami Herald)
Mortgage brokers, appraisers, title agents, loan officers and phony buyers took out more than $50 million in fraudulent home loans to buy luxury condos in South Beach and homes in Southwest Ranches, federal prosecutors charged Thursday.