Deutsche Bank Securities Inc. has added five mortgage-backed securities researchers.The Wall Street firm has named Arthur Frank as director and head of agency MBS research and Ying Shen as director and head of non-agency MBS research. Deutsche Bank also has hired Yan Dong, William Natcher and Jichun Wu as vice presidents in MBS research. Mr. Frank previously was a director in Barclays Capital's mortgage strategy group and Mr. Shen formerly was head of credit trading modeling at JPMorgan. The three new MBS research VPs hired by Deutsche Bank previously worked for UBS, National City Corp. and Freddie Mac, respectively.
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About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.
April 17 -
Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
April 17 -
CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
April 17 -
Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight.
April 17 -
Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
April 17 -
SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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