Fannie Mae has quietly merged its whole loan, mortgage-backed securities and early funding desks into one entity, but the government-sponsored enterprise declined to provide much detail about the newly branded Capital Markets Sales Desk. The CMSD is “a one-stop outlet with dedicated account executives to assist with trading Fannie Mae and Ginnie Mae MBS, selling whole loans, hedging pipelines, providing best execution information, training and more,” according to Fannie’s Web site. “In addition, the sales desk will...