MBS analyst Michael Youngblood has jumped to Friedman Billings Ramsey from GMAC-RFC, where he had worked since January 2003. In his new position, Youngblood will work out of the Arlington, Va., FBR office. Prior to GMAC-RFC, Youngblood had worked at Banc of America Securities.

Gulden Kazandag has left her position as director of global credit derivatives at Dresdner Kleinwort Wasserstein. It was unclear as of press time what her next position would be. Kazandag was understood to have participated in a mandate that Dresdner clinched from Mexican housing finance company Metrofinanciera for what could be the first cross-border real estate receivable deal from that country.

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