Andrew Bon Salle is executive vice president of single-family business at Fannie Mae. Most recently, Bon Salle served as Fannie Mae's senior vice president and head of underwriting and pricing and capital markets.
[Expert Commentary] Over the last year, more than 1,000 lenders signed up for one or more of Fannie Mae’s Day 1 Certainty services. Now, based on another year of listening and learning, Fannie Mae is building on the foundation laid last year with its new product offerings.
He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.
One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.
Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.