Items Tagged with 'co-head'


  • Morgan Stanley Exec Joins Freddie Mac

    Bruce Witherell joins Freddie Mac [stock FRE][/stock] as chief operating officer, effective September 14. Witherell has served as managing director and global co-head of Morgan Stanley’s [stock MS][/stock] residential mortgage business since 2006. Prior to that, he spent 15 years at Lehman Brothers in a variety of leadership roles, including CEO of Lehman Brothers Bank.
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  • Raising the Issue of New Issue CMBS TALF

    As the Federal Open Market Committee met this week and determined it would begin slowing down its Treasury purchases, an emerging consensus within the securitization industry is instead calling for an extension rather than an easing of a particular liquidity program.
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  • Bear Stearns MBS Vets Jump to RBS Greenwich

    And the exodus of former Bear Stearns & Cos. MBS personnel continues -- but, in a surprising move, more than a few have landed at RBS Greenwich Capital in recent weeks. Despite the industry downturn, the Connecticut-based fixed-income firm said Wednesday that it had added 16 professionals to its mortgage-backed securities team; fifteen of the hires hail from Bear Stearns alone, including Scott Eichel, who has been tapped to co-head asset-backed and mortgage trading at the firm.
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  • More Bear Stearns Mortgage Traders Move, Shift Firms

    JPMorgan Chase & Co. [stock JPM][/stock], which had said publicly that it wanted to retain top executives and traders from its completed acquisition of Bear Stearns & Cos. earlier this month, is finding that goal much harder to achieve than it might have originally thought.
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  • Citadel Taps JPMorgan Securitization Vet

    Citadel Investment Group, L.L.C. said Wednesday that Bill King will join the firm as a senior managing director and head of securitized products. King previously served as global co-head of securitized products at JPMorgan Chase & Co. [stock JPM][/stock].
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  • Fitch: It's Not Over Yet, Not By a Long Shot

    In a conference call held Thursday, Fitch Ratings said that the subprime crunch isn't over -- and is actually gaining speed, despite mass media wear-out on the subject. Glenn Costello, co-head of the U.S. RMBS group at Fitch, and Grant Bailey, director in RMBS surveillance, both said that home price declines are continuing to create significant problems in the mortgage market. "Loan modifications have not significantly reduced foreclosure efforts to date," Costello said.
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