In an industry that is based on relationships, two of our Multifamily employees were named to Mortgage Observer magazine's third annual 50 Most Important People in Commercial Real Estate Finance list.
David Brickman, EVP and head of Multifamily, and John Cannon, senior vice president of production, sales and marketing, both ranked 20th on the list. Brickman has been on the list every year. It's a first for Cannon.
To determine who makes the list, the magazine reviews public records, consults industry experts, and weighs performance data as well as industry stature and influence.
Mortgage Observer stated, "Mr. Brickman and his top executives, including Mr. Cannon, had another strong year in 2014 with $28.3 billion in loan purchase and bond guarantee volume for Freddie Mac's multifamily business, up 10 percent from $25.9 billion the year prior. The firm also ended 2014 with zero multifamily credit losses, zero REO properties and only a 4 bps delinquency rate."
In addition, "Freddie Mac launched a new platform to purchase and securitize small multifamily loans between $1 million and $5 million on properties with at least five apartment units. That initiative is part of an ongoing effort to support affordable housing preservation and development."
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