Securities and investment banking firm Jefferies, New York, has appointed a managing director and global head of collateralized loan obligation and collateralized debt obligation trading within its mortgage- and asset-backed securities group who will work out of the company's London office. Sharif Anbar-Colas, previously managing director and head of European ABS and global CLO trading at Cohen & Co., will be taking the post at Jefferies. The growing Jefferies MBS/ABS group said it now has about 85 sales, trading and origination professionals on staff in offices in New York, London, Tokyo and Hong Kong.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
April 16 -
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
April 16 -
Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.
April 16 -
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
April 16 -
This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
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