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Ranieri's Latest Adventure

'Godfather' of the mortgage market teams with a former partner in a new business


By Aleksandrs Rozens

September 30, 2007

The coupon payments on the deal tombstone in Marcia Myerberg's Manhattan office recall another era on Wall Street. Myerberg was treasurer of Freddie Mac in the summer of 1983 when the housing agency created and sold Wall Street's first CMO with the help of a group of bond jocks at Salomon Brothers' mortgage group, run by Lewis Ranieri. These days, Ranieri and Myerberg are back in the mortgage finance world with a new venture, an Internet business that links consumers directly with mortgage lenders, thrifts and commercial banks.

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