Analytics Firm Hire RMBS Trader

BlackBox Logic, a mortgage analytics firm that provides loan-level collateral data for non-agency residential mortgage-backed securities, has hired former trader Cory Lambert as a senior analyst. Lambert joins BlackBox from Braddock Financial where he worked on the non-agency RMBS desk. "Cory's trading desk experience will be invaluable as we deliver customized loan-level data solutions for a wide variety of mortgage market participants," said BlackBox CEO Larry Barnett in a statement. In his new role, Lambert will build collateral analytics using BBx Data, a data service offered by BlackBox. The analytics firm was founded in 2007. CEO Barnett is a former managing director at Appix, where he was responsible for fixed income trading. He also spent 12 years at Fannie Mae, where he was vice president for secondary mortgage trading operations.