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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The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
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Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
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The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
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The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
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The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.
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HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.
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