Freddie Mac names VP multifamily investments, portfolio management
Ling Xu promoted from senior director position
Tysons-based Freddie Mac announced Monday that Ling Xu has been promoted as the Fortune 500 company’s vice president of multifamily investments and portfolio management.
In her new role, she will oversee market risk and capital strategy, as well as manage multifamily portfolio strategy, hedging and balance sheet management. She is also responsible for expanding the company’s credit risk transfer executions.
Xu joined the company in 2002 and became director in 2006. She briefly left for private equity company American Capital Ltd., which was sold to Ares Management in 2017 for $4.1 billion. Xu rejoined the company in 2009 and was most recently the senior director of multifamily portfolio strategy and execution.
She earned her bachelor’s degree in economics from from the University of International Business and Economics in Beijing and her master’s degree in business administration from the Weatherford School of Management at Case Western Reserve University.
Founded in 1970, Federal Home Loan Mortgage Corp. , better known as Freddie Mac, is a federal government-sponsored enterprise designed to expand the secondary market for mortgages by purchasing mortgages from lenders, pooling them and selling them as mortgage-backed securities to investors.
Last year, Freddie Mac reported $7.8 billion in revenue and in 2020 ranked No. 41 on the Fortune 500, making it the top-ranked company in Virginia.