July 30, 2021

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Mortgage News

Fannie Mae promotes Malloy Evans to run single-family business

Fannie Mae has promoted Malloy Evans to Executive Vice President and Head of the Single Family Home, filling the position occupied by Andrew Bon SalleAt the end of last year.

Last was Evans Senior Vice President and Chief Credit Officer for the single family business where he managed the first-line credit risk on acquiring mortgages through sale and overseeing the setting of sales and service risk policies and licensing standards.

“He has a mission-first mindset that embodies our corporate values ​​and a strong commitment to serving home buyers and lenders while keeping the home finance industry safe and sound,” said David Benson, president of Fannie Mae, in a press release. Benson had meanwhile been overseeing the family side in addition to his normal duties.

Malloy Evans is now Executive Vice President and Head of Single Family Home at Fannie Mae.

Handout / Fannie Mae

Evans joined Fannie Mae in 2004 as Associate General Counsel, according to his LinkedIn profile. In 2010 he became Vice President and Deputy General Counsel. The following year he became vice president of standards management; for the maintenance of single-family houses in 2014; and for Single Family Risk Management in 2016, before assuming his final role in April 2019.

Prior to joining Fannie Mae, he was an associate in the law firm Hunton & Williams, now known as Hunton Andrews Kurth.

Separately on Wednesday, Fannie Mae awarded President David Benson the additional title of Interim Chief Financial Officer as he is now looking for someone to fill the position on a full-time basis. The company’s current CFO, Celeste Mellet Brown, announced on May 4 that she would be leaving the company on May 28, according to a notice from the Securities and Exchange Commission.

Benson was previously the CFO of Fannie Mae his promotion to president;; Brown was raised to the role in July 2018.