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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Serious delinquency transitions in older mortgages inched up, hinting at the impact of an FHA rule change's impact in conjunction with other stressors.
May 13 -
The Senate voted 54-45 to confirm Kevin Warsh to lead the central bank. Warsh will take the reins from Jerome Powell, who said he will remain on the Federal Reserve Board.
May 13 -
While not looking to take on UWM and Rocket, GO Mortgage CEO Jay Promisco said mortgage brokers want and need more options for their production.
May 13 -
Built around the company's guidelines, Rezi Mortgage Assistant helps borrowers learn about the lending process on their own terms, Newrez executives said.
May 13 -
The MBA's Market Composite Index found mortgage applications rose 1.7% on a seasonally-adjusted basis from one week prior for the period ending May 8.
May 13 -
The announcement comes following an Institutional Shareholder Services report which urges shareholders to vote no on the CrossCountry Mortgage transaction.
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