Dow Jones hires ABS reporter from Reuters

Mark Stein, assistant managing editor at Dow Jones Newswires, made the following announcement to the staff on Friday afternoon:

I am pleased to announce that Albert H. Yoon will be joining Dow Jones Newswires in New York City as a reporter covering asset-backed securities, mortgages and the housing market.

Al has an extensive background covering real estate finance. He most recently was at Thomson Reuters, where he wrote about the credit markets with a focus on real estate. He has covered Fannie Mae and Freddie Mac, from balance sheets to housing legislation and has also followed the corporate debt and currencies markets in his eight years at Reuters. He was among four Reuters reporters named as finalists for a 2008 Gerald Loeb Award, for their coverage of subprime mortgages.

Al has also covered the U.S. Treasury and mortgage bond markets for Bloomberg, where for seven years he was responsible for writing a variety of housing enterprise stories. He also has worked for The Bond Buyer, where he covered municipal bonds and public finance.

Al is a graduate of Lehigh University. He will start here on June 6 and report to me.