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.
-
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
11m ago -
Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
17m ago -
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
3h ago -
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.
3h ago -
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.
7h ago -
Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
7h ago






