Freddie Mac has appointed Kevin Palmer to lead its multifamily business, effective May 9. He will report directly to Mike Hutchins, president of the government-sponsored enterprise, and serve on its senior operating committee.
Since joining Freddie Mac in 2001, Palmer has held a variety of roles. He previously served as the company’s senior vice president for Single-Family Portfolio Management overseeing pricing, servicing and credit risk transfer, as well as other capital markets and risk management responsibilities.
Palmer has an MBA in Finance from Virginia Tech as well as a Bachelor of Arts in Economics from Weber State University.
Freddie Mac supports the U.S. housing finance system by providing mortgage capital to lenders since being chartered by Congress in 1970. Based on the GSE’s multifamily market forecast demand within the multifamily sector remains strong, which could propel loan originations this year to $500 million, alongside projected rent growth across all 74 U.S. markets covered by Freddie Mac.