Meet Freddie Mac’s Newest SVP
- Oct 01, 2018
Freddie Mac has named Steve Lansbury as senior vice president of multifamily underwriting and credit. In his new role, he will oversee conventional, targeted affordable housing and small balance loan offerings as well as risk distribution and credit governance. Lansbury will also serve as principal manager of the division’s underwriting and credit approvals for all multifamily debt investments.
Lansbury brings extensive experience to his new position, having joined Freddie Mac in 1998. He will replace Deborah Jenkins starting today. She has also been promoted to a new role—executive vice president and head of the multifamily business—effective next year.
Historically, nearly 90 percent of the eligible rental homes Freddie Mac Multifamily funds are affordable to families with low to moderate incomes. The financier has several initiatives meant to expand affordability and address the country’s most persistent housing problems. Most recently, Freddie Mac launched a debt program that aims to help borrowers consider affordable housing as a viable investment.
Image courtesy of Freddie Mac