Harris to Head Mortgage Sales at Bank of America Merrill Lynch

Published March 24, 2010, 1:00 p.m. EDT

1 Min Read

Bank of America Merrill Lynch has hired Wall Street veteran Steve Harris as managing director in charge of mortgage sales for its Americas division. Harris will report to Michael Hokin, head of America's mortgages and securitized product sales at the bank. According to StructuredFinanceNews.com, Hokin-who was formerly head of global securitized markets sales at Citigroup-joined Bank of America Merrill last September. Prior to his hiring, Harris had a six-month stint at Rafferty Capital as a manager in structured products. From 1987 to 2009 he worked for Goldman Sachs as a manager in mortgage sales.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Law and legal issues

CMG Mortgage sued for raiding lenders' Arizona branches

SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.

By Andrew Martinez
Reporter

5h ago
The VA

Regulator: Bank misled veterans on VA loan refinances

The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.

By Spencer Lee
Technology Reporter

April 16
Originations

IMB profitability hits 4-year high in 2025, MBA finds

While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.

By Brad Finkelstein
Originations Editor

April 16
Artificial intelligence

Buyers expect AI in mortgages, but trust is slipping

Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.

By Colin McNamara
Reporter

April 16
Monetary policy

Fed's Miran downplays inflation risks, rethinks rate cuts

Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.

By Maria Volkova
Reporter

April 16
Mortgage rates

Mortgage rates hit 4-week low on Iran conflict news

This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.

By Brad Finkelstein
Originations Editor

April 16

Load More