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26 G O V E R N M E N T FHFA NAMES THREE NEW EXECS e Federal Housing Finance Agency (FHFA) announced three personnel updates to its executive staff, as Naa Awaa Tagoe will serve as the Deputy Director for the Division of Housing Mission and Goals (DHMG), Joshua Stallings will become the Deputy Director for the Division of Bank Regulation (DBR), and Chris Dickerson will continue in his role as Senior Advisor to the Director in a permanent capacity. "As DHMG's Acting Deputy Director, Naa Awaa's decision making and policy judgment has exemplified the notion that safety and soundness and equitable access to credit are complementary concepts rather than being mutually exclusive," FHFA Director Sandra ompson said. "rough his previous roles as Examiner-in- Charge for the Boston and Cincinnati Federal Home Loan Banks (FHLBanks) as well as for both Enterprises, I know Joshua has an unwavering commitment to FHFA's mission and will ensure the safe and sound operation of the FHLBanks and Office of Finance. Chris has provided me with extensive subject matter expertise and institutional knowledge. Naa Awaa, Joshua, and Chris bring a wealth of financial regulator experience to the table, and their demonstrated leadership abilities ensure a high level of expertise and commitment to supporting FHFA's important mission." Tagoe has served as Acting Deputy Director of DHMG since June 2021. Previously she was Principal Associate Director in the Office of Capital Policy within DHMG. Prior to joining FHFA's predecessor agency—the Office of Federal Housing Enterprise Oversight (OFHEO)—in 2003, Tagoe held positions with Bear Stearns and Houlihan Lokey. Tagoe earned her bachelor's degree in electrical engineering and an MBA from Stanford University. Stallings is currently Examiner-in-Charge of the Office of Fannie Mae Examinations within the Division of Enterprise Regulation (DER). Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com. Freddie Mac Multifamily has named Ian Ouwerkerk SVP of Underwriting & Credit. He has served as Interim SVP of Underwriting & Credit since Q1 of 2022. Ouwerkerk was formerly VP of Multifamily Underwriting and served as Senior Director of Underwriting for the Southeastern Region before that. He joined Freddie Mac Multifamily in 2008, having previously worked as a commercial real estate broker. "Ian is a strong leader with a proven track record implementing strategic, forward-thinking solutions partnering with our Optigo lenders and driving business results," said Kevin Palmer, Head of Multifamily at Freddie Mac. "He has been a vital part of our success this year while serving as the Interim SVP of Underwriting & Credit, and I look forward to seeing how he continues to develop and strengthen the team." Optigo—the designation for Freddie Mac's Multifamily Seller/Servicer network and suite of loan offerings, was designed to capture the Freddie Mac Multifamily ethos of providing customers with optimal solutions, and going further to meet their needs. Optigo also aims to better clarify Freddie Mac Multifamily's Seller/ Servicer network and offerings within the span of the GSE's broader business. Freddie Mac Multifamily notes that historically, more than 90% of the eligible rental units funded are affordable to families with low- to moderate-incomes earning up to 120% of area median income. Freddie Mac securitizes approximately 90% of the multifamily loans it purchases, thus transferring a majority of the expected credit risk from taxpayers to private investors. After six months of healthy growth in multifamily fundamentals, Freddie Mac recently reported in its early August forecast that contraction in multifamily origination volume to $440-450 billion is expected, down from the peak seen in 2021, driven by macroeconomic headwinds, including inflation and rising treasury rates. "Ian is a strong leader with a proven track record implementing strategic, forward- thinking solutions partnering with our Optigo lenders and driving business results." —Kevin Palmer, Head of Multifamily, Freddie Mac S P O T L I G H T P R O F I L E G O V E R N M E N T Ian Ouwerkerk Named SVP of Underwriting & Credit for Freddie Mac Multifamily