David M. Brickman
Senior Vice President, Multifamily
David Brickman was named senior vice president of Multifamily in June 2011. As head of Multifamily, Brickman is responsible for customer relations, product development, marketing, sales, loan purchase, asset management, capital markets, and securitization for the company’s multifamily business, which includes the flow mortgage, structured and affordable mortgage, CMBS and low-income housing tax credit portfolios. The total multifamily portfolio was $173 billion as of March 31, 2011. He is a member of the company’s senior operating committee and reports directly to CEO Don Layton.
Prior to this he was the vice president in charge of the Multifamily Capital Markets department in the Multifamily Division at Freddie Mac. In this position, Brickman was responsible for all functions relating to Freddie Mac’s multifamily and CMBS investment and capital market activities, including capital deployment, pricing, portfolio management, securitization, research and model development and CMBS trading.
In his previous roles at Freddie Mac, Brickman led the multifamily pricing, costing and research teams and was responsible for the development and implementation of new quantitative pricing models and financial risk analysis frameworks for all Multifamily programs. He also is one of the key architects behind several of Freddie Mac’s innovative multifamily financing products, including the Capital Markets Execution, Freddie Mac’s Reference Bill ARM, the fixed-to-float suite of products and the Performance-Based PC, for which he is the holder of a US Patent.
Prior to joining Freddie Mac in 1999, Brickman co-led the Mortgage Finance and Credit Analysis group in the consulting practice at Price Waterhouse Coopers. At PwC, he led teams of consultants in the development of economic and financial models for major public and private financial institutions, including Freddie Mac, Ginnie Mae, Norwest Mortgage, the Residential Funding Corporation, the Federal Housing Administration, and the Florida Housing Finance Agency. Brickman also served as a financial consultant to the Audit Commission of England and Wales on issues related to the privatization of public housing, and was the Executive Director of a community development corporation engaged in residential and commercial development in Brooklyn, NY.
He has completed all doctoral coursework for his Ph.D. in economics and real estate at the Massachusetts Institute of Technology. He holds a master’s degree in public policy from Harvard University and a bachelor’s degree from the University of Pennsylvania and is a Professorial Lecturer in Finance at George Washington University and an Adjunct Professor of Finance at Johns Hopkins University.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter @FreddieMac.