Deutsche Bank has hired two managing directors to posts in its mortgage-backed securities unit.Neil Ahuja has been named managing director and head of the MBS group, and Jon Roach has been named managing director and head of mortgage derivative trading. Mr. Ahuja had previously been responsible for trading, origination, and risk management for the agency, collateralized mortgage obligation, residential conduit, and mortgage derivative desks at RBS Greenwich Capital. Mr. Roach was previously head of mortgage derivative trading at RBS Greenwich Capital. A Deutsche Bank spokeswoman could not be reached for comment by MortgageWire's deadline on whether the hiring was done to expand the company's staff or to fill vacancies.
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The mortgage unit of Rithm Capital anticipates annual savings from its upcoming move to the Valon servicing platform to approach $65 million.
11m ago -
Heading into this week's Federal Open Market Committee meeting, the Fed's core indicators are painting a different picture of the economy than real-time measures, injecting more uncertainty into Wednesday's FOMC meeting than usual.
6h ago -
The RMBS deal expects to pay coupons of 4.53% on the A1A through B4 notes, virtually all the notes in the capital structure.
July 27 -
The agency proposed to repeal a regulation that requires FHLBanks to submit formal notices before engaging in new business activities that carry unmanaged risk.
July 27 -
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
July 27 -
Home price growth is accelerating as inventory stalls—Chicago and Pittsburgh lead mid-tier gains at 4.2%, while Denver and Las Vegas see supply-driven price corrections.
July 27









