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Freddie Selects Next Head of Multifamily from Within

Freddie Mac has appointed Deborah Jenkins executive vice president and head of its multifamily business, effective immediately. Jenkins also has assumed a role as member of the company’s senior operating committee.

“Debby’s transition into her role as head of the multifamily business has progressed very well, and I am pleased to announce that she will officially assume these duties effective immediately, rather than on the originally-planned January 1 date,” said Donald Layton, CEO of Freddie Mac. “She is dedicated to ensuring this growing segment of our company continues to be an industry leader, innovator and a critical financier of rental housing that is affordable to low- and moderate-income families.”

In September, Freddie Mac reported the retirement of Layton in the second half of 2019, the commencement of the CEO Succession Plan and the elevation of David Brickman as president, after a stint as head of multifamily for the company.

Since 2010, Jenkins has led multifamily, underwriting and credit for the company, overseeing all credit approvals and due-diligence processes, asset level securitization activities, as well as credit policies and governance for all of multifamily’s products. Her approach has produced delinquency rates among the very lowest in the industry and helped ensured mortgage liquidity. Jenkins has spearheaded enhancements in the company’s underwriting process to support its securitization program, including its signature K and SB Deals.

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