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Amir-Mokri Confirmed by Senate for Treasury Post on Financial Institution

Cyrus Amir-Mokri was confirmed by the Senate last night as the U.S. Treasury Department’s assistant secretary for financial institutions.

Amir-Mokri “has a wealth of experience in financial regulatory issues, including his work at the CFTC helping to secure historic financial reform,” Treasury Secretary Timothy F. Geithner said in a release.

Amir-Mokri, 47, replaces Michael Barr, who left the Treasury last year to return to the University of Michigan. Amir-Mokri most recently served as senior counsel to the Chairman of the Commodity Futures Trading Commission and was the agency’s deputy representative to the Financial Stability Oversight Council.

He was a partner at Skadden, Arps, Slate, Meagher & Flom LLP focusing on complex securities and antitrust litigation. He was a clerk for U.S. Circuit Judge Bruce M. Selya of the federal appeals court in Boston, attended the University of Chicago Law School and received a Ph.D. in history from the University of Chicago.

To contact the reporters on this story: Cheyenne Hopkins at Chopkins19@bloomberg.net;

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

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Key Rates

See today's average mortgage rates across the country. Source: Bankrate.com
Type Today 1 Mo
30-Year Fixed 3.91% 3.95%
15-Year Fixed 3.17% 3.27%
5/1-Year ARM 2.87% 2.90%
3/1 Year ARM 2.72% 2.84%
1-Year ARM 2.71% 2.71%
30 Year Jumbo 4.72% 4.51%
15-Year Fixed Jumbo 3.97% 3.80%
5/1-Year ARM Jumbo 3.23% 3.14%
See today's average mortgage rates across the country. Source: Bankrate.com
Type Today 1 Mo
30000 USD 6.57% 6.68%
Home Equity Loan 7.01% 7.47%
HELOC 30000 USD 5.53% 5.55%
HELOC Loan 3.95% 3.63%
Credit Union HELOC 4.30% 4.35%
See today's average mortgage rates across the country. Source: Bankrate.com
Type Today 1 Mo
5-Year 1.52% 1.59%
2-Year 0.91% 0.94%
6-Month 0.53% 0.53%
1-Month 0.11% 0.12%
5-Year Jumbo 1.43% 1.49%
2-Year Jumbo 0.80% 0.83%
1-Year Jumbo 0.64% 0.68%
6-Month Jumbo 0.42% 0.44%
1-Month Jumbo 0.11% 0.12%
See today's average mortgage rates across the country. Source: Bankrate.com
Type Today 1 Mo
New 36 Month 3.89% 3.90%
New 48 Month 4.03% 4.03%
New 60 Month 4.22% 4.21%
Used 4.88% 4.85%
See today's average mortgage rates across the country. Source: Bankrate.com
Type Today 1 Mo
Standard Variable 14.10% 13.94%
Standard Fixed 14.43% 14.43%
Gold Variable 12.59% 12.59%
Gold Fixed 11.99% 11.99%
Platinum Variable 14.74% 14.85%
Platinum Fixed 13.53% 13.53%

Rates may include points.

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