Posts by Mitchell Resnick
Mitchell Resnick joined Freddie Mac as a Vice President in the Multifamily Division in November 2011. In this role he heads pricing for all multifamily loan purchases, capital deployment and marketing for all securitizations including the K-deal program. In addition, Resnick manages the relationships with securities investors and the broker/dealer community.
Since joining Freddie Mac a year ago, I’ve spoken to many people about our flagship Multifamily securitization program. Most people understand and accept the need for such a program in today’s commercial real estate market. However, I still get a few questions about the benefits of securitization for borrowers, investors, and the American taxpayer whose investment in Freddie Mac has helped stabilize the single-family and multifamily mortgage markets.
My response: securitization is the best vehicle we have for pairing our borrowers’ financing needs with the risk appetite and return requirements of a diverse group of capital markets investors. This allows us to offer our borrowers lower interest rates than traditional portfolio executions. In short, our securitization program is the best way to preserve taxpayer investment in Freddie Mac because it transfers risk away from the company while generating consistent profits.