• Most Popular
  • Most Shared

FBR's Youngblood to leave, start new mortgage fund

Fri Jun 13, 2008 11:47am EDT

Stocks

   

NEW YORK, June 13 (Reuters) - Veteran mortgage analyst and money manager Michael Youngblood said on Friday he was leaving FBR Investment Management Inc. to launch a new company and mortgage fund.

Stocks  |  Bonds  |  Global Markets  |  Funds News  |  ETFs News

Steve Gaenzler will also leave FBR (FBR.N) to join the new investment company and work on a Mortgage Opportunities Fund that will invest in mortgage loans and securities of "agency" and "non-agency" issuers, Youngblood wrote in a research note.

Agency mortgage bond issuers are Fannie Mae (FNM.N), Freddie Mac (FRE.N) and Ginnie Mae.

Youngblood said he intends to produce weekly publications for clients as he has done since 1986. He declined immediate comment in an e-mail.

(Reporting by Al Yoon and Richard Leong, Editing by Chizu Nomiyama,)

Stocks
Bonds
Global Markets
Funds News
ETFs News


More from Reuters

Photo

Jobless claims hit 17-month low

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.

» More Top News
A picture of an arrow in this file photo. REUTERS/File
OUTLOOK 2010:

The coming Great Inflation

Real or imagined, Americans have plenty of things to worry about. Should inflation be one of them?  Full Article 

ECONOMY
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary