Federal Home Loan Mortgage Corp (OTCBB:FMCC) confirmed that David Leopold, a leading veteran in segment of affordable rental housing lending and investments will be joining the company on April 20, 2015. He will serve as VP of Multifamily affordable housing business.
The responsibilities
Leopold will look after all transactions, relationships and deal negotiations for the Federal home Multifamily affordable housing production, involving low income housing tax credit group, affordable borrowers and lenders. He will be the lead with various groups including community-based organizations, municipalities and housing finance agencies in community development programs, services and products, as well as lead the Federal Home’s affordable housing sales team. He will report to David Brickman who is the executive VP of the Multifamily Business.
The expert view
Expressing his views on the new appointment, Brickman said that Leopold will be an excellent addition to Federal Home’s Multifamily leadership team. He possess extensive leadership experience in same segment of lending and tax credit debt and equity products as well as established strong relationships with many of customers. There is an extended demand for affordable rental housing and Leopold has the skills to assist the company expand its operations in the important market.
The experience
Leopold has a track record of working in commercial real estate industry. He has served on various leadership positions, where he looked after initiation of tax credit equity investments. He was associated with Bank of America Corp (NYSE:BAC)‘s taking care of “Commercial Real Estate Division.” He was also an affordable housing expert at the “U.S. Department of Housing & Urban Development.” He has graduate and undergraduate degrees with honors from the University of Colorado and Fordham University, respectively. In last trading session, the stock price of Federal Home declined 0.79% to close the trading session at $2.50 on share volume of 3.63 million.
