Steve Bergantino, formerly a mortgage-backed securities researcher at Lehman Brothers in New York, recently started at Bear Stearns as a managing director on the MBS research team and will focus on sub-prime assets. Bergantino, who finished in second place for non-agency MBS research on Institutional Investor magazine's All-America Fixed-Income Research Team last year, started at Bear Stearns in a new role about a month ago, according to Renu Aldrich, spokeswoman.
Specifically, Bergantino will use loan-level data to develop and maintain prepayment models for deals backed by pools of sub-prime mortgages, according to Aldrich. Bergantino reports to Dale Westhoff, senior managing director in MBS research.