Posts by David Brickman
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.
Throughout the public debate about the future of the GSEs, Freddie Mac's multifamily business has remained focused on two main goals: meeting the funding needs of the apartment financing market and being innovative, even while in conservatorship.
During the economic crisis, U.S. housing markets collapsed and rental housing became more important. Most sources of liquidity for apartment lenders left the market. But not Freddie Mac – we were ready and stepped up to the plate to be a continuous and reliable source of liquidity. As one of the main funders of multifamily loans, we've purchased about 30-40 percent of the multifamily loans made in the marketplace in the last two years.