Deutsche Bank Combines Loan Buying Groups, Sheds Staff

15 Aug 2007

Deutsche Bank has combined two groups that purchased mortgage loans for securitization, shedding at least 24 professionals in the process.

-- Olivia Thetgyi

Deutsche Bank has combined two groups that purchased mortgage loans for securitization, shedding at least 24 professionals in the process. The move combines the bank’s correspondent lending group and the closed loan purchase division of MortgageIT, which the bank finished acquiring in January.

The closed loan purchase ...

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