The exec will oversee multifamily conventional, targeted affordable housing, and small balance loan offerings
Freddie Mac has announced that it promoted Steve Lansbury to senior vice president of multifamily underwriting and credit.
In his new role, Lansbury will oversee all aspects of multifamily underwriting, including under its conventional, targeted affordable housing, and small balance loan offerings, as well as risk distribution and credit governance. Lansbury will also be the principal manager of the division’s underwriting and credit approvals for all multifamily debt investments.
Lansbury joined Freddie Mac in 1998, bringing experience in the multifamily industry. He has led underwriting for the conventional financing business. As of the second quarter, the multifamily 60-day delinquency rate was reported at 0.01%.
Lansbury replaces Deborah Jenkins. Jenkins will be promoted to executive vice president and head of the multifamily business effective Jan. 1.
“Steve is a proven leader with an outstanding vision for our underwriting department,” Jenkins said. “He will undoubtedly continue his remarkable history of delivering seamless customer service, creating process efficiencies, spearheading new offerings, and enhancing our world-class underwriting model. His decades of experience and reputation as an innovator will serve him well.”
