FBR Names ABS Research Chief

Michael D. Youngblood has been named chief of asset-backed securities research at Friedman, Billings, Ramsey & Co., Arlington, Va.Dr. Youngblood was most recently head of mortgage research at GMAC-Residential Funding Corp. "He is widely respected for developing the first mortgage-backed securities conduit, the first option-adjusted spread analytics, and the first total-rate-of-return index for commercial MBS," said Martin S. Friedman, FBR's director of research. The company can be found online at http://www.fbr.com.