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.

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