Kenneth Bacon, executive vice president of the Fannie Mae multifamily mortgage business, is retiring after 18 years at the mortgage giant.
Jeff Hayward will assume Bacon’s position leading the multifamily team, the government-sponsored enterprise said. Bacon has been planning his retirement for some time, a Fannie spokesman said. Hayward had been leading the company’s servicing operations.
Kenneth Bacon, executive vice president of the Fannie Mae multifamily mortgage business, is retiring after 18 years at the mortgage giant.
Jeff Hayward will assume Bacon’s position leading the multifamily team, the government-sponsored enterprise said. Bacon has been planning his retirement for some time, a Fannie spokesman said. Hayward had been leading the company’s servicing operations.
“I can confirm that Jeff (Hayward) has a background in our multifamily business, in addition to his most recent role as head of our national servicing organization on the single-family side,” a Fannie spokesman told HousingWire.
Bacon joined Fannie Mae in 1993 after serving as director of securitization for the Resolution Trust Corp. He senior vice president for multifamily lending and investment before accepting his current role on an interim basis in 2004. The company’s board appointed Bacon to his executive post in July 2005.
