Vice President, Finance
Bill is the chief financial officer of Freddie Mac Multifamily, responsible for our accounting and financial reporting. Bill and his team partner with corporate and Multifamily stakeholders to provide integrated results and forecasts of our business, represent our performance in corporate financial statements, and report our progress to the Board of Directors and corporate senior management. Bill is a certified public accountant and holds the chartered financial analyst designation.
A Message from the Multifamily
Chief Financial Officer
How is our business performing? On this page, you will find results for key aspects of our business. We had a very strong year as we continued to focus on our mission. Below, we describe our year-to-date results through the most recent quarter. To the right are two charts: our New Business Activity on a monthly basis and the Production Capped/Uncapped Analysis of the prior year. Feel free to contact me for more information or clarification.
2017 through December 31
Freddie Mac Multifamily continued to generate strong returns for U.S. taxpayers.
Our loan purchases created liquidity in multifamily housing markets while continuing to support workforce housing, Small Balance Loans and Manufactured Housing Communities.
We financed residential units for renters living in a wide variety of housing markets. The housing units we financed were spread across large, medium and small markets.
Nearly half of our purchases counted towards the 2016 Federal Housing Finance Agency (FHFA) volume cap and the remaining 54% were excluded as they focused on affordable housing.
Over eight in 10 eligible housing units we financed supported rental housing for low- to moderate-income renters across the U.S.
credit risk UPB
Transferred a large majority of the credit risk on $249 billion in UPB of loans since 2009 (primarily via K-deal and SB-deal securitizations)
As of December 31, 2017, our guaranteed transactions represented a majority of our total multifamily portfolio, and 92 percent of new loan purchases were intended for securitization. Our securitization business model eliminates almost all risk exposure to U.S. taxpayers.
Our share of multifamily mortgage purchases in the GSE market year to date through December 31, 2017.
Our credit metrics remain strong as of December 31, 2017. We experienced credit losses of $4M, our delinquency rate was 2 basis points, and we had two REO properties.