Fannie Mae has promoted Malloy Evans to executive vice president and head of single-family, filling the post vacated by Andrew Bon Salle at the end of last year.
Most recently, Evans was senior vice president and chief credit officer for the single-family business, where he managed first-line credit risk from mortgage acquisition through disposition and oversaw the establishment of selling and servicing risk policies and eligibility standards.
"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," David Benson, Fannie Mae's president, said in a press release. Benson had overseen the single-family side in the interim, in addition to his normal duties.
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 the vice president for default management; for single-family servicing in 2014; and for single-family risk management in 2016, before assuming his most recent role in April 2019.
Before starting at Fannie Mae, he was an associate at the law firm of Hunton & Williams, which is now known as Hunton Andrews Kurth.
Separately on Wednesday, Fannie Mae gave president David Benson the additional title of interim chief financial officer, as it now searches for someone to fill that position on a full-time basis. The current CFO, Celeste Mellet Brown, notified the company on May 4 that she was leaving on May 28, according to a Securities and Exchange Commission filing.
Benson had been Fannie Mae's CFO before his promotion to president; Brown was elevated to the role in July 2018.
