Deutsche Bank Securities has hired Amin Majidi head of U.S. mortgage strategy and co-head of mortgage research for the Americas working alongside Gregg Patruno, head of mortgage modeling, and reporting to head of structured finance research Karen Weaver and head of U.S. fixed income strategy Mustafa Chowdhury. Majidi joins from ABP Investments, where he was a senior portfolio manager responsible for mortgage-backed securities with a focus on derivatives products. Prior to ABP, Majidi was a portfolio manager at Priton Capital, a unit of Bear Stearns Asset Management.
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
April 26 -
Known for subprime financing, the sponsor has been making inroads lending to near-prime customers in the last couple of years.
April 26 -
Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24