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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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