Freddie Mac

Assistant General Counsel - Mortgage Securities

Posted on: 8 Dec 2021

McLean, VA

Job Description

Position Overview:

Are you someone who loves structuring and closing sophisticated transactions? Do you want your work to be meaningful and make an impact in the housing industry at a mission-oriented institution on the forefront of advances in the Environmental Social and Governance (ESG) space? We are looking for an analytical and diligent attorney to own the drafting and negotiation of transaction and disclosure documents in groundbreaking, sophisticated mortgage-related securities transactions. Apply now and learn about our benefits and why there’s #MoreAtFreddieMac!

Our Impact:

The Mortgage Securities Department provides legal counsel and execution support for mortgage-related securitization programs and other securities-related transactions.

This includes Single-Family and Multifamily securities and support of related company and Federal Housing Finance Agency initiatives such as LIBOR transition, ESG and other equity initiatives, development of new products, the Single Security, and the Common Securitization Platform.

We are a private sector company with a public purpose that offers the flexibility and quality of life provided by a hybrid work environment.

Your Impact:

Collaborate with and improve the performance of the business units by providing timely, market driven securities law, securitization and capital markets legal advice related to management's development, modification and execution of securitization programs and company policies that affect immediate operations and may also have company-wide effect

Coordinate with peers, manage teams of outside counsel and interact on behalf of the company with regulators and professional organizations

Implement complicated securitization transactions independently in partnership with various business units

Qualifications:

Juris Doctor (JD) degree; membership in good standing in a state Bar and a minimum of 3-8 years of legal experience; Typically has 8-10 years of related work experience.

Experience in securitization and capital markets transactions with a law firm or corporate law department.

Knowledge of federal securities laws and securities market practices.

Drafting and negotiation of transaction/disclosure documents in sophisticated residential and/or commercial mortgage-related securities transactions.

Analysis of legal and policy issues affecting the securities and securitization markets; and the creative, collaborative representation of business clients.

Keys to Success in this Role:

Ability to change the thinking of, or gain acceptance from, others in critical situations, without damage to relationships.

Possess and develop specific subject expertise with which to advise businesses management, as well as to interact with relevant third parties as the company's advocate.

Intellectual competence to quickly assume a primary role in the drafting and negotiation of transaction and disclosure documents in sophisticated mortgage-related securities transactions; the analysis of legal and policy issues affecting the securities and securitization markets; and the creative, collaborative “first chair” representation of business clients.

Very strong attention to detail, ability to manage process, and follow through on tasks, with significant organizational, project and program management skills.

Excellent communication skills, including comfort interacting with internal management and external partners.

Freddie Mac

McLean, VA

Freddie Mac operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets. The Single-family Guarantee segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit risk. This segment serves mortgage banking companies, commercial banks, regional banks, community banks, credit unions, housing finance agencies, savings institutions, and non-depository financial institutions.

The Multifamily segment engages in the purchase, sale, securitization, and guarantee activities in multifamily loans and securities through the issuance of multifamily K and SB certificates; issuing and guarantying other securitization products; issuing other credit risk transfer products; and provision of other mortgage-related guarantees, as well as post-construction financing to apartment project operators.

The Capital Markets segment invests principally in mortgage-related investments portfolio and single-family performing and re-performing loans. This segment serves banks and other depository institutions, insurance companies, money managers, central banks, pension funds, state and local governments, real estate investment trusts, brokers and dealers, and lenders. Freddie Mac was founded in 1970 and is headquartered in McLean, Virginia.

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