Freddie Mac Promotes Longtime Exec To Lead Multifamily Unit

Freddie Mac announced Tuesday it has promoted company veteran Kevin Palmer to head its Multifamily business. He will serve as a member of the company’s Senior Operating Committee and report to company President Mike Hutchins.

Palmer begins in the new position on May 9.

He has been with the company since 2001 and worked in a variety of positions,  most recently as senior vice president for Single-Family Portfolio Management, overseeing pricing, servicing, credit risk transfer, and various other capital markets and risk management activities.

“Over the course of his more than two decades at Freddie Mac, Kevin Palmer has demonstrated broad knowledge of the mortgage industry, a deep understanding of our company, and an unyielding commitment to our mission. These qualities make him the right leader to take our multifamily business forward,” said Michael DeVito, Freddie Mac CEO. “Freddie Mac Multifamily has a long and successful track record of supporting affordable rental housing, managing risk, and innovating to support our customers. Kevin’s background and experience will help us continue that important work.”

Palmer holds an MBA in finance from Virginia Tech and a Bachelor of Arts in economics from Weber State University.

"I’ve had the pleasure of working alongside Kevin for several years — his leadership, capital markets expertise, and commitment to Freddie Mac make him uniquely qualified to lead our multifamily business,” Hutchins said. “Kevin will bring these and other qualities to this critically important role. I look forward to working more closely with him to better serve our mission and expand our track record as a leading financier of affordable rental housing across the United States.”