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Freddie Mac

Buys home loans from lenders and sells them as bonds

Assistant General Counsel - Single Family Law

Legal Counsel & Legal SupportConfirmed live in the last 24 hours
Full-timeMcLean, VA, USAIn-person

About the Job

Requirements

  • A Juris Doctor degree and membership in good standing in a state Bar.
  • At least 5 years of relevant legal experience, either in-house with a government-sponsored entity, government agency, bank, or mortgage company, or at a law firm.
  • Strong interpersonal skills and the ability to work collaboratively.
  • The ability to build and maintain collaborative, positive relationships with colleagues, clients, and Freddie Mac’s conservator or regulator.
  • Analytical, strategic, legal research, oral and written communication, and advocacy skills.
  • The ability to handle numerous issues across multiple areas and set priorities independently.
  • The ability to adapt to change and shift priorities.

Responsibilities

  • Advise internal clients on mortgage eligibility, credit policies, and Freddie Mac Single-Family Seller/Servicer Guide matters, including lender eligibility; mortgage purchases; mortgage loan documents and forms; representations, warranties, covenants, and remedies relating to loans purchased by and serviced for Freddie Mac; and proprietary initiatives and systems.
  • Draft contract provisions for the purchase of mortgage loans, including credit underwriting terms and pricing structures.
  • Participate in developing and drafting innovative and legally complex initiatives; amend and update the Guide; and review and edit external communications and training materials relating to new products, policies, and systems.
  • Collaborate regularly with internal peers and colleagues and Freddie Mac’s conservator or regulator on matters relating to mortgage purchase eligibility.
  • Advise internal clients on matters requiring approval by or consultation with Freddie Mac’s conservator or regulator.

About the Company

Freddie Mac

Buys home loans from lenders and sells them as bonds

Freddie Mac buys home and apartment loans from banks, credit unions and other lenders so they have fresh money to keep lending to American homebuyers and renters. Congress created it to bring liquidity, stability and affordability to the U.S. housing market, and it sits with Fannie Mae at the center of the country's mortgage system. It never lends to borrowers directly; instead it purchases loans that meet its standards, pools them into mortgage-backed securities sold to investors worldwide, and guarantees the payments. It earns money from guarantee fees and interest on the loans it holds. Freddie Mac was chartered in 1970 and is based in McLean, Virginia.

Company size
5,001-10,000
Company stage
IPO
Headquarters
McLean, VA
Founded
1970

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