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Awards

2020 HW Woman of Influence: Leanne Spies

Freddie Mac, Senior Vice President of Multifamily Asset Management and Operations

Leanne Spies

Leanne Spies has played a vital role in leading the response at Freddie Mac to one of the most changing economic environments the industry has seen in a decade.

As the senior vice president of multifamily asset management and operations, Spies is the architect of the relief plan for multifamily mortgage borrowers facing hardship due to COVID-19. She was also a key developer of the customer experience platform that made Freddie Mac Multifamily the nation’s leader in multifamily housing finance. The strong foundation she built has helped Freddie Mac persevere through the pandemic, as she directed several teams who are responsible for the systems and processes that servicers and investors depend on. Over the course of the last year, she has funded a record-breaking $77.9 billion in originations, servicing a $340 billion portfolio of 27,000 loans and achieved a near-zero delinquency rate. She also helped Freddie Mac Multifamily obtain the highest possible ratings a monoline commercial mortgage servicer can receive from Fitch Ratings, Morningstar Credit Ratings and Standard & Poor’s Rating Service. Spies oversees several teams and hundreds of employees encompassing all aspects of the Multifamily division’s servicing, asset management, governance and management of data and technology.

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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]