MCLEAN, VA-Freddie Mac has tapped Mike McRoberts as its vice president of multifamily production and sales--a position recently vacated by Mitchell Kiffe, who left the agency to join CB Richard Ellis’ Capital Markets group.
An 18-year Freddie Mac veteran, McRoberts will be responsible for the origination and purchase of conventional multifamily loans nationwide, the Program Plus Seller/Servicer network and the four multifamily regional sales offices.
Prior to this position, McRoberts was vice president and national head of underwriting and credit for Freddie Mac’s multifamily division, where he was responsible for managing the underwriting and credit approvals of all multifamily debt investments. He also ran the Southeast regional office for Freddie Mac.
McRoberts is taking on this position as the agency posts declining loan volumes. Recently, the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations reported that the dollar volume of loans for Fannie Mae and Freddie Mac dropped by 49% in Q1--some of which points to growing competition from the life insurance companies. McRoberts was not available for an interview in time for publication.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
