Its chief credit officer is moving into the role
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.
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“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.”
