Jefferies & Co. named Mark Green as a managing director and head of CMBS capital markets. Green will report jointly to William Jennings and Johan Eveland, co-heads of Jefferies' MBS/ABS group, as well as Benjamin Lorello, global head of investment banking and capital markets at Jefferies. According to a report in Asset Securitization Report, Green will become part of a team consisting of Joe Accurso and Lisa Pendergast, who co-head CMBS trading and strategy, and Dana Arrighi who heads CRE origination. Green has 11 years of CMBS capital markets experience and joins Jefferies from UBS, where for four years he was a managing director and head of CMBS capital markets. "With the ongoing rebound in capital markets activity, there is an even greater need and demand from our clients for innovative financing and ideas," Jennings and Eveland said. The company views the CMBS market as a major investment banking opportunity this year. Asset Securitization Report is an affiliate of National Mortgage News.
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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.
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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.
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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.
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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.
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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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