Freddie Names Exec to Boost MF, LIHTC Biz

Freddie Mac has placed vice president Paul McDermott in charge of increasing the company's affordable multifamily loan business and investments in low-income housing tax credits.In his newly created position, McDermott will be responsible for Freddie's purchases of small multifamily loans and multifamily loans on subsidized rental properties. "This position is critical to the success of our housing mission," said Freddie senior vice president Adrian Corbiere. Mr. McDermott joined Freddie in April 2002. He previously worked at Lend-Lease Real Estate Investments.