Items Tagged with 'Michael Youngblood'


  • FBR's Youngblood to Leave, Will Start Mortgage Fund

    Getting into mortgage investments, whether distressed assets or agency paper, is turning into a trend of sorts amid the still-smoldering industry wreckage. The latest to hear the clarion's call on raising money for a fund is FBR Investment Management Inc.'s Michael Youngblood, who said Friday that he was leaving the investment research firm to launch -- what else? -- his own mortgage fund.
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  • Early Payment Defaults on 2007 Subprime Vintage Hit 11.2 Percent

    Subprime borrowers who took out loans in 2007 are defaulting at twice the rate of 2006 loans ten months after issue, underscoring the reality that resets are likely only one small aspect of a multi-faceted mortgage crisis now being felt nationwide. According to Friedman, Billings Ramsey analyst Michael Youngblood, defaults among the 2007 subprime vintage hit 11.2 percent in November, CNN Money reported Wednesday. That's roughly 300,000 households defaulting without a reset.
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  • The Dreaded "R" Word, Again

    Reports by FBR Investment Management Inc. and Morgan Stanley said today that the mortgage meltdown appears likely to push the U.S. economy into a moderate recession during 2008. American Banker's Kate Berry covers a report by FBR managing director Michael Youngblood: "Non-agency mortgage credit performance is deteriorating more rapidly and more broadly than previously," he wrote.
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