I'll address question #1 first. I think this one has to do with the fact that Cooper and TARS actually reached one of the singularities inside the black hole, where TARS was able to gather the needed "quantum data" (my answer herehere covers why this was necessary), and that was the point where they were rescued from the black hole by the "tesseract" which had been created by the beings living in the higher spatial dimension. This bit of dialogue between Cooper and Romilly on Mann's planet is key:
The "tesseract", meanwhile, is supposed to be a piece of technology created by the beings (possibly descended from humans) who live in the extra spatial dimension, the "bulk". This idea of an extra extended spatial dimension is based on a real physics theory, the Randall-Sundrum model--see my discussion in this answerthis answer for more details. The tesseract is shaped like a four-dimensional hypercube (that's what the word 'tesseract' means, in fact), so each of its "faces" is a 3D cube, just like each face of a 3D cube is a 2D square. In ch. 29 Thorne describes how the tesseract can "dock" one of its faces to our ordinary 3D space, which in the Randall-Sundrum theory is a 3D brane sitting in the 4D space of the bulk (for anyone familiar with the classic "math fiction" story Flatland, I think this docking of a higher-dimensional structure with our space is meant to be analogous to how the 3D sphere was able to materialize in the 2D universe by having one of its cross-sections in the 2D plane). Also, at the end of ch. 28, Thorne indicates that Cooper entered the tesseract at a point right along the outflying singularity (the fact that he and TARS passed through the outflying singularity was necessary to the plot since this allowed them to gather the "quantum data" about the singularity--the other answer of mine I linked to above discusses this as well). Quoting from ch. 28:
As for your second question about why Cooper wasn't still moving at high speed inside the tesseract, this isn't explicitly addressed by Thorne, but perhaps it's designed so that the part of it that intersects our 3D space can match velocities with any desired object in that space. This is suggested by the fact that the tesseract was semi-permanently docked to Murph's room, even though the room was on the surface of a spinning and orbiting planet, and also that Cooper was able to interact with Amelia Brand in a later scene, giving her a "handshake". So we could imagine that inside the black hole, the tesseract's intersection with our 3D space was moving along a course that not only would lead it to meet Cooper right at the outflying singularity, but also would lead to its velocity being approximately matched to Cooper's at that moment (although not perfectly matched, since Thorne says in the above quote that Cooper continued falling for a while within the tesseract before he 'comes to rest'). Alternately, since the bulk beings were supposed to have mastered the control of gravity (again see this answerthis answer of mine for details), perhaps they used that to adjust his speed once he entered the tesseract.