Jefferies continues to expand its residential/commercial mortgage- and asset-backed securities effort with the hiring of a new managing director and head of the company's MBS/ABS/CMBS group in Boston. Mark Plansky, who previously worked for Barclays for eight years, was hired to lead the Boston securitization group. Jefferies said its MBS/ABS/CMBS group now includes more than 60 sales, trading and origination professionals in the U.S. and London, including former RBS Greenwich Capital CMBS researcher Lisa Pendergast, whom it hired in June as head of CMBS strategy and risk.
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The Mortgage Bankers Association is recommending the option for Fannie Mae and Freddie Mac borrowers with strong credit with a tri-merge for others. Here's why.
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Foreclosure auctions available jumped on both a quarterly and yearly basis, but the sales rate did not move in tandem, according to a new report.
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More than a third of sellers have mortgage rates below 5%, yet still plan to list their homes this spring, according to a survey from Coldwell Banker.
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The 30-year fixed is still over 20 basis points higher than its February bottom, but fell 7 basis points this past week on Iran peace hopes, Freddie Mac said.
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An uptick in problem loans within the heavily scrutinized office sector pushed down share prices at Rhode Island-based Washington Trust and Bank OZK in Little Rock, Arkansas, even though both banks reported solid profits.
April 22 -
Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
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