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Oak Hill Advisors partner joins New York Mortgage Trust

New York Mortgage Trust Inc.'s board on Jan. 7 named Jason Serrano as president.

Serrano was a partner at Oak Hill Advisors LP from January 2014 to December 2018. He will report to CEO Steven Mumma.

The company closed on a master repurchase agreement during the fourth quarter of 2018 with Credit Suisse AG and certain of its affiliates with a maximum aggregate uncommitted principal amount of $750 million to fund purchases of residential mortgage loans, expiring Nov. 28.