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Rich Martinez Promoted to Vice President, Multifamily Production & Sales

June 25, 2012

Vice President of Multifamily Production & Sales Rich Martinez

I am very pleased to announce the promotion of Rich Martinez to Vice President, Multifamily Production & Sales. While continuing to manage our Southeast Region, where he provides oversight for the Student Housing program across our network, Rich will now assume the management oversight role of the Seniors Housing area, which will continue to be led by Steve Schmidt. In addition, Rich will help me in the management of our Seller/Servicer relationships in the Program Plus Network.

As I have said previously, one of my top priorities is to recognize the talents and performance of the people who have helped to build the success of our business. Rich Martinez has a long and successful tenure with Multifamily, and he's been with Freddie Mac for 24 years. Rich first joined Multifamily's Central Region, where he spent 21 years and was Managing Regional Director until 2009. Rich relocated to McLean in 2009 to lead our Southeast Region, where he has managed a staff of 10 and annual production volume of over $3.75 billion for the last 3 years. Rich has a Master's Degree in City and Regional Planning from Harvard University and a Bachelor’s Degree in History from St. Louis University.

Over the past several years, we've continued to see increased demand for Student Housing, and Rich has been instrumental to the success of our Student Housing program. Under his careful leadership, Multifamily has been able to build our market share in this key growth area. His knowledge and experience will now be applied to our Seniors Housing area, which will further strengthen this important business.

Please join me in congratulating Rich on his new role.

John Cannon
Senior Vice President, Multifamily Production, Sales & Marketing

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