Hatteras Financial Adds to Management Team at Onslow Bay Financial
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In its release, Hatteras noted that Nardacci comes to Onslow after five years at Ginnie Mae ("GNMA") where he was Director, Capital Markets - Structured Transactions, managing and closing 230 Real Estate Mortgage Investment Conduit (REMIC) transactions in 2013; managing a team that modelled the transactions and cash flows on all of GNMA's structured products and monthly issuances and working closely with sponsors, trustees, and financial and legal advisors.
Hatteras said Nardacci's prior responsibilities include establishing and managing internal and external processes and procedures for
Willard comes to Onslow with more than 20 years' experience in risk management, including quantitative modeling, risk strategy, policy development, analysis, and performance reporting. For the last five years, as an independent consultant, he has performed consumer finance portfolio due diligence, analysis, and origination risk management for financial institutions that have acquired consumer finance lenders.
<p>"We are very pleased Mike and Kent have joined us to assist in the development of the Hatteras' business," said
Hatteras is a real estate investment trust that invests in single- family residential real estate mortgage assets.
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