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Michael D. Youngblood, Ph.D., directs research on the fundamental and relative value of non-agency residential mortgage-backed securities (RMBS) in the context of the 331 U.S metropolitan housing markets.
Dr. Youngblood has more than 20 years of experience in investment, commercial, and mortgage banking, and is recognized as a pioneer in residential and commercial mortgage-backed securities (CMBS). He pioneered the analysis of non-agency, interest and principal-only, adjustable-rate, and Sterling-denominated RMBS in the 1980s. In addition, he is credited with developing the first commercial mortgage conduit, the first option-adjusted spread analytics of CMBS, and the first total rate of return indexes for CMBS. He has published several hundred professional and academic reports and papers.
Prior to joining the company, Dr. Youngblood developed mortgage research units at Banc of America Securities, Chase Securities, and Smith Barney. He also served as a director of residential mortgage research and product manager at Salomon Brothers Inc., working for Dr. Henry Kaufman and Lewis S. Ranieri.
Dr. Youngblood holds a Ph.D. from the University of London, an M.A. from the University of Pennsylvania, and a B.A. from the University of Texas at Austin. He has received numerous educational awards and honors, including a Marshall Scholarship and membership in the Phi Beta Kappa Honor Society.
Dr. Youngblood was named a member of the first Institutional Investor All-America Research Team for Mortgage Securities in 1990. | 