Bear, Stearns & Co. priced a Ginnie Mae real estate mortgage investment conduit backed by $250 million of Ginnie Mae I 7% fixed-rate certificates. The Remic priced Jan. 21, 2000 and will settle Feb. 29. Blaylock & Partners co-sponsored the sale.

Joel Katz, former president and chief executive officer of Union Planters Mortgage Co., has been hired by Salomon Smith Barney as a director in its mortgage finance group, in charge of new business development. Before serving as CEO of Union Planters, Katz was the president and CEO of Boatman's National Mortgage Inc.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.