Fannie Names New MF Chief

Fannie Mae has appointed Phillip Weber to head up its multifamily lending area, taking over from Richard Lawch, MortgageWire has learned.Mr. Lawch has taken on a new role related to the government-sponsored enterprise's community investment activities, according to a source at Fannie Mae. Another source reported that Mr. Weber told a recent Fannie Mae DUS conference that he will focus on "process improvements and new products," with the aim of having more of a customer focus. Mr. Weber, who is now senior vice president for multifamily lending, was most recently chief of staff for Dan Mudd, Fannie Mae's president and chief executive officer.