Deutsche Bank's mortgage-backed securities unit has added two new hires.Hyung Myung Peak, who previously worked for RBS Greenwich Capital, has joined Deutsche Bank as a managing director and head of private-label collateralized mortgage obligation trading. Adam Yarnold, who formerly worked for UBS, has joined Deutsche Bank as a director and head of adjustable-rate mortgage trading. Deutsche Bank can be found on the Web at http://www.db.com.
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
