No matter how you slice it, one thing’s for sure: Fannie Mae has been getting things done. You then have to wonder just who’s responsible for the mortgage loan giant’s phenomenal success most recently, and we can most certainly point the finger to someone by the name of Jeffery Hayward.
Who Is Jeffery Hayward?
Oh, he’s just the Executive Vice President and Head of the Multifamily division at Fannie Mae, not that that would mean much to you except for the fact that there are numbers attributed to his successes within the organization proving that he can get families into homes faster than grants and scholarships can get students into school. For starters, Hayward’s responsible for mortgage financing of literally over 500K homes annually. That’s right: every year.
Now if that number doesn’t impress you, this one will — $30BB. That’s the number of dollars he’s been able to infuse of liquidity into the mortgage industry.
When looking at a bunch of real estate gurus out there this year, Hayward’s the man as far as getting the assistance many people need in getting into a home, something that, say, the HOPE Program can praise through and through! And it’s no fluke either: Hayward has 25 years of lending experience under his belt, so he apparently knows what he’s doing.
Additionally, it was only almost three years ago that he was given the responsibility to boost the multifamily division upon receiving major criticism with the post-financial crisis. Did he succeed? The short answer is YES. We’re talking insane record amounts of capital and still even maintaining a pretty reasonable loan-to-value ratio.
Talk About Playing Damage Control….
All of us look for a sure bet in securing a mortgage, because that’s the way to get into a home. Plain and simple. Heck, you could have all the income in the world, and maybe even a decent down payment, but if you’re credit’s spotty, chances are that home loan’s out of your reach — but not with Fannie Mae, and it’s all because of one Jeffery Hayward.
It all starts with Fannie Mae and the exec VP. Mr. Jeffery Hayward, keep making it happen.