Fannie Mae now has a clear successor to take the reins of its single-family business following the departure of Andrew Bon Salle in December. The government sponsored entity has named Malloy Evans, the company’s current chief credit officer for single family, to head the division, it said in a statement Wednesday.

The appointment of Evans as executive vice president and head of single-family is effective immediately, the GSE said. He’s spent 17 years at the GSE, in a variety of roles.

“Malloy brings impressive qualifications and deep knowledge of our single-family business details ⇒

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