The New York banking department has reached an agreement with Morgan Stanley to implement new mortgage servicing standards after signing a similar deal with Goldman Sachs in September.

Benjamin M. Lawsky, the state's superintendent of financial services, said in a press release Thursday that Morgan Stanley and its mortgage subsidiary, Saxon Mortgage Services , had agreed to adopt the same new standards agreed to by Goldman Sachs Bank, Ocwen Financial and Litton Loan Servicing in September. The standards were a condition of Goldman's sale of Litton, its mortgage subsidiary, to Ocwen. (Ocwen recently agreed to buy Saxon as well.)

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