Description:
Position Overview:The Multifamily Law Department of the Legal Division of Freddie Mac. Seeking an attorney to join our legal staff as Associate General Counsel. In this role, you will provide legal advice and counsel on a wide range of matters related to the Multifamily Division's business with a particular emphasis on asset resolution, loan workouts and fraud matters. We are seeking an attorney with a background in commercial real estate finance to work in a vibrant and collaborative environment.
Our Impact:
Multifamily Law is critical to the Multifamily Division's success in carrying out its important work supporting the nation's rental housing market. We accomplish this through a broad range of legal work, including loan production and underwriting, structured transactions, loan securitization, and asset management and operations matters.
Your Impact:
Asset Resolution & Fraud Matters
- Serve as legal counsel to assess and advise Freddie Mac's multifamily business on a range of asset resolution (e.g., workouts) and fraud-related matters. This may include:
- Advising on asset resolution actions and/or enforcement in connection with distressed assets (e.g., reviewing the operative loan documents and/or the Multifamily Seller/Servicer Guide, and advising on our rights and remedies)
- Negotiating asset resolution arrangements (e.g., workouts) and preparing related documentation
- Drafting and negotiating documents related to the management and sale of REO properties
- Advising the business teams on investigations of suspicious activity and fraud mattersAdvising (working with compliance and other legal teams) on regulatory reporting regarding suspicious activity and fraud matters
- Advising (working with the regulatory, government affairs and communications teams) on responses to congressional, regulatory and other inquiries regarding suspicious activity, fraud and distressed asset matters
Communication and Collaboration
- Drafting and delivering well-structured, complete and concise correspondence, legal analyses and documents for internal and external purposes
- Collaborating with peers to ensure consistency of legal advice and negotiating positions
- Creating and maintaining effective relationships with business clients, lenders, servicers, and counsel for lenders / servicers
Qualifications:
- Juris Doctor (JD) degree
- Membership in good standing in a state Bar
- At least 7 years of legal experience with a law firm or corporate law department in commercial and/or multifamily real estate finance transactions including:
- Experience with distressed commercial assets, including workouts, foreclosures, receiverships and other dispositions
- Enforcement of rights and remedies related to such transactions, and
- investigation of suspicious activity and fraud matters related to such transactions
- Expertise in handling complex affordable deals and deep real estate knowledge
- Strong legal analytical, writing and communication skills.
Keys to Success in this Role:
- Superior oral and written communications skills
- Ability to work comfortably and routinely as part of a team and to collaborate across organizational boundaries
- Ability to build and maintain strong collaborative relationships with colleagues, clients and customers
- Ability to organize and prioritize multiple time-sensitive matters
