Internship Distressed Asset Management Jobs in Minnesota

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

The Multifamily Real Estate Department of the Legal Division of Freddie Mac (Legal MFRE) is seeking an attorney to join its legal staff as Associate General Counsel in its Risk Management group. In this role, you will provide legal advice and counsel on a wide range of matters related to the Multifamily Division’s business. We are seeking an attorney with a background in commercial real estate finance and/or litigation related to commercial real estate finance matters to work in a vibrant and collaborative environment.

Legal MFRE is critical to the Multifamily Division’s success in carrying out its important work supporting the nation’s rental housing market. We accomplish this through a broad range of legal work, including loan production and underwriting, structured transactions, loan securitization, and asset management and operations matters.

Serve as legal counsel to assess and advise Freddie Mac’s multifamily business on a range of asset resolution and fraud-related matters. This may include:

• Advising on enforcement and/or asset resolution actions in connection with distressed assets (e.g., reviewing the operative loan documents and/or the Multifamily Seller/Servicer Guide, and advising on our rights and remedies)
• Negotiating asset resolution arrangements (e.g., workouts) and preparing related documentation
• Drafting and negotiating documents related to the management and sale of REO properties
• Advising the business teams on investigations of suspicious activity and fraud matters
• Advising (working with compliance and other legal teams) on regulatory reporting regarding suspicious activity and fraud matters
• Advising (working with the regulatory, government affairs and communications teams) on responses to congressional, regulatory and other inquiries regarding suspicious activity, fraud and distressed asset matters

• Drafting and delivering well-structured, complete and concise correspondence, legal analyses and documents for internal and external purposes
• Collaborating with peers to ensure consistency of legal advice and negotiating positions
• Creating and maintaining effective relationships with business clients, lenders, servicers, and counsel for lenders / servicers

• Juris Doctor (JD) degree
• Membership in good standing in a state Bar
• At least 10 years of legal experience in commercial and/or multifamily real estate finance transactions or litigation related to multifamily real estate finance transactions, including advising lenders regarding:
  • enforcement of their rights and remedies related to such transactions, and
  • investigation of suspicious activity and fraud matters related to such transactions
• Strong legal analytical and writing skills

• Superior oral and written communications skills
• Ability to work comfortably and routinely as part of a team and to collaborate across organizational boundaries
• Ability to build and maintain strong collaborative relationships with colleagues, clients and customers
• Ability to organize and prioritize multiple time-sensitive matters

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

A safe and secure environment is critical to Freddie Mac’s business. This includes employee commitment to our acceptable use policy, applying a vigilance-first approach to work, supporting regulatory mandates, and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.

Time-type:Full timeFLSA Status:Exempt

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $231,000 - $347,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.