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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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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