Timothy Yanoti, Fannie Mae’s former head of securitization, has been named president and a board member of American Financial Resources, an independent mortgage originator.
At Fannie Mae, Yanoti had responsibility for the development of the Common Securitization Platform, the proposed future securitization utility for the U.S. mortgage industry. He also led the design and development of Fannie Mae’s securitization strategy and the rebuild of the company’s securitization business and technology infrastructure. His duties will be shared between other members of the Fannie Securitization team, confirmed a company spokespeson.
In his new role Yanoti will assist with overall strategy, strategic partnerships and regulatory oversight to position American Financial Resources for future growth. The move is effective October 15.
Before Fannie Mae, Yanoti held a number of senior management positions at General Electric Co. including head of global securitization for GE Capital and head of capital and secondary markets for GE Mortgage. Yanoti was also a senior vice president and head of capital markets for National City Corporation and was a board member of NatCity Investments.
At NatCity he held broad capital markets responsibilities, including managing the company's capital markets strategy, origination pricing, hedging and sales execution for over $100 billion of annual residential and commercial mortgage production.