Freddie Mac has announced that Deborah Jenkins will assume leadership of the company’s multifamily business immediately.
In September, Freddie Mac announced the retirement of CEO Donald Layton in the second half of 2019, the commencement of its CEO succession plan, and the elevation of former head of Freddie Mac Multifamily, David Brickman, to president of the company.
The Freddie Mac board also then decided to promote Jenkins as head of the multifamily business and executive vice president, effective Jan. 1, to replace Brickman.
In addition to her new role, Jenkins has also assumed a role as member of the company’s senior operating committee.
“Debby’s transition into her role as head of the multifamily business has progressed very well, and I am pleased to announce that she will officially assume these duties effective immediately, rather than on the originally planned Jan. 1 date,” Freddie Mac CEO Donald Layton said. “Debby is dedicated to ensuring this growing segment of our company continues to be an industry leader, innovator, and a critical financier of rental housing that is affordable to low- and moderate-income families.”
Since 2010, Jenkins has led multifamily underwriting and credit, overseeing all credit approvals and due diligence processes, asset-level securitization activities, as well as credit policies and governance for all multifamily products.