Freddie Mac Multifamily Names New Senior Vice President of Underwriting and Credit

Rhea-AI Summary

On August 22, 2022, Freddie Mac (OTCQB: FMCC) announced the appointment of Ian Ouwerkerk as senior vice president of Underwriting & Credit, having served in the interim role since early 2022. Ouwerkerk has been credited with implementing strategic solutions and driving significant business results during his tenure. Previously, he held positions as vice president of Multifamily underwriting and senior director for the Southeastern region. Freddie Mac continues to play a vital role in affordable housing finance, with a focus on facilitating access to mortgage capital for low-to-moderate income families.

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• Ian Ouwerkerk appointed as senior vice president of Underwriting & Credit, expected to drive future business results.
• Ouwerkerk's experience since 2008 adds stability and leadership to the team.

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• None.

MCLEAN, Va., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily today announced that Ian Ouwerkerk has been named senior vice president of Underwriting & Credit. Ian has served as the interim senior vice president of Underwriting & Credit since the first quarter of 2022.

“Ian is a strong leader with a proven track record implementing strategic, forward thinking solutions partnering with our Optigo® lenders and driving business results,” said Kevin Palmer, head of Multifamily at Freddie Mac. “He has been a vital part of our success this year while serving as the interim senior vice president of Underwriting & Credit and I look forward to seeing how he continues to develop and strengthen the team.”

Ouwerkerk was formerly the vice president of Multifamily underwriting and served as the senior director of Underwriting for the Southeastern region before that. He joined Freddie Mac Multifamily in 2008, having previously worked as a commercial real estate broker. He earned a Bachelor of Business Administration from Acadia University.

Freddie Mac Multifamily is the nation's multifamily housing finance leader. Historically, more than 90% of the eligible rental units we fund are affordable to families with low-to-moderate incomes earning up to 120% of area median income. Freddie Mac securitizes about 90% of the multifamily loans it purchases, thus transferring the majority of the expected credit risk from taxpayers to private investors.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.

MEDIA CONTACT: Mike Morosi
(703) 918-5851
Michael_Morosi@FreddieMac.com

FAQ

Who is the new senior vice president at Freddie Mac?

Ian Ouwerkerk has been appointed as the new senior vice president of Underwriting & Credit.

When was Ian Ouwerkerk appointed as senior vice president at Freddie Mac?

Ian Ouwerkerk was appointed on August 22, 2022.

What is FMCC in the stock market?

FMCC is the stock symbol for Freddie Mac.

What role did Ian Ouwerkerk hold before becoming senior vice president?

Before his appointment, Ian Ouwerkerk served as the interim senior vice president of Underwriting & Credit.

What is Freddie Mac's focus in the housing finance sector?

Freddie Mac focuses on making housing more accessible and affordable for homebuyers and renters.