David Stern has been named to head the Securitization Syndicate Americas of SG Corporate & Investment Banking, a unit of the Societe Generale Group, a European financial services group.Mr. Stern will be responsible for pricing and underwriting securitizations, including residential and commercial mortgage-backed securities, asset-backed securities, and collateralized debt obligations. He was most recently a senior member of the ABS syndicate desk at J.P. Morgan. Mr. Stern will be based in New York.
-
GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
3h ago -
New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
3h ago -
A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
3h ago -
House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25








