CPC Mortgage Hires New President

Former Freddie Mac Executive John Cannon brings more than 35 years of commercial banking experience.
John Cannon, President, CPC Mortgage Co. Image courtesy of CPC Mortgage Co.
John Cannon, President, CPC Mortgage Co. Image courtesy of CPC Mortgage Co.

The Community Preservation Corp. (CPC) has added John Cannon as president of CPC Mortgage Co., the company’s agency lending subsidiary offering a full range of Freddie Mac, Fannie Mae and Federal Housing Administration products for acquisition, refinance, rehabilitation and construction of multifamily properties. CPC launched its subsidiary this year in February.

Cannon brings more than 35 years of commercial banking and agency lending experience to the position. Prior to joining CPC, Cannon served as senior vice president at Freddie Mac where he was responsible for overall multifamily origination volume and production strategy, as well as overseeing annual production by growing it from $28 billion in 2012 to $75 billion in 2019.

His previous work experiences include companies such as Berkadia, Campark and GMAC Commercial Mortgage. He holds a Bachelor of Arts degree from Lafayette College and a master’s degree in science from Drexel University’s LeBow College of Business.