- Advertisement -
Home News Fannie Mae selects new head of single-family enterprise

Fannie Mae selects new head of single-family enterprise

- Advertisement -

Fannie Mae Single-Family has announced that Malloy Evans, previously chief credit officer of the division, will be promoted to executive vice president and head of single-family.

Effective immediately, Evans will lead the team responsible for establishing Fannie Mae’s single-family mortgage acquisition standards. He succeeds Andrew Bon Salle, who departed in December. Evans has been with the government-sponsored entity for the past 17 years, serving in various roles.

In his position as chief credit officer, Evans oversaw first-line credit risk from mortgage acquisition through disposition. He also spearheaded the establishment of selling and servicing risk policies and eligibility standards for the loans Fannie Mae acquired.

Read more: Fannie Mae chief financial officer to resign

“Malloy brings impressive qualifications and deep knowledge of our Single-Family business and Fannie Mae, from risk management and credit policy to servicing and loss mitigation. He has a mission-first mindset that embodies our corporate values and a strong commitment to serving homebuyers and lenders while ensuring the continued safety and soundness of the housing finance industry,” said Fannie Mae president David Benson.

“For more than a decade, I’ve witnessed Fannie Mae’s Single-Family team consistently prioritize sustainable, affordable homeownership, notably over the past year as we helped homeowners stay in their homes during COVID-19, and most recently with our announcement of a new refinance option to help lower-income families,” Evans said. “I’m proud of our commitment to help people across America gain access to sustainable homeownership, and I look forward to leading our Single-Family Business as we continue building on this progress.”

- Advertisement -
- Advertisement -

Stay Connected

16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe

Must Read

What's all of the Yellen About? Financial Coverage and the Federal Reserve: Crash Course Economics #10

This week on Crash Course Economics, we're talking about monetary policy. The reality of the world is that the United States (and most of...
- Advertisement -

How you can Full the PPP Mortgage Forgiveness Utility Type 3508EZ

NAR's latest video explains how PPP recipients may be eligible for and apply for loan forgiveness if certain criteria are met. The video provides...

How-to Repair Your Ugly Garden With This Single Garden Software

Ugly Lawn? Fix your ugly lawn this this new weed and feed available at every big box store in the country. It's a special...

Mortgage Charges At this time, July 31, & Price Forecast For Subsequent Week

Today's mortgage and refinancing rates Average mortgage rates fell slightly yesterday. And the mostly slow drift towards lower interest rates...

Related News

What's all of the Yellen About? Financial Coverage and the Federal Reserve: Crash Course Economics #10

This week on Crash Course Economics, we're talking about monetary policy. The reality of the world is that the United States (and most of...

How you can Full the PPP Mortgage Forgiveness Utility Type 3508EZ

NAR's latest video explains how PPP recipients may be eligible for and apply for loan forgiveness if certain criteria are met. The video provides...

How-to Repair Your Ugly Garden With This Single Garden Software

Ugly Lawn? Fix your ugly lawn this this new weed and feed available at every big box store in the country. It's a special...

Mortgage Charges At this time, July 31, & Price Forecast For Subsequent Week

Today's mortgage and refinancing rates Average mortgage rates fell slightly yesterday. And the mostly slow drift towards lower interest rates...

Charlotte Mortgage Lender Explains How The Dodd Frank Act Impacts Your Potential To Get A Mortgage

http://ecoastmortgage.com In January, the Consumer Financial Protection Bureau's new qualified mortgage (also known as the ability-to-repay) rule went into ...
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here