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David Brickman

David Brickman

Nonresident Fellow

I am and always have been fascinated by cities. By the people who live in them, the businesses that operate in and support them, and the housing and housing markets that comprise their basic infrastructure. And the ability to provide adequate, affordable housing for all is one of the most basic functions of government—at all levels. This does not mean it is the role of the government to build and operate all or any housing, but to provide the support where needed and develop the market structures, incentives, and frameworks necessary for the many and varied institutions and stakeholders to productively participate. I am thrilled to be joining the Urban Institute and look forward to working with the exceptional team in the Housing Finance Policy Center to address some of the many pressing issues that exist in housing and housing finance today and that will unfortunately likely grow in the future.

Biography

Up through January of this year, David Brickman was chief executive officer, previously president, of Freddie Mac, one of the largest providers of mortgage financing in the US. He also served as a member of the company’s board of directors. During his tenure, he led the $2 trillion+ company through a period of significant growth, change, and disruption as a result of the COVID-19 crisis and associated recession.

Brickman spent most of his career at Freddie Mac working in and leading the Multifamily business, where he presided over a remarkable period of growth, raising annual production from $16 billion in 2010 to almost $80 billion in 2018. He also established the company's flagship K-Deal securitization program as one of the leading securitized products in the structured finance markets. Brickman also drove significant innovation and an expansion in Freddie Mac’s products and offerings, particularly those serving the increasing need for affordable and workforce housing.

Brickman holds a bachelor's degree from the University of Pennsylvania and a master's degree in public policy from Harvard University. He completed all doctoral coursework for the PhD program in economics and real estate at the Massachusetts Institute of Technology. He has also held appointments as a professorial lecturer at the George Washington University and an adjunct professor at Johns Hopkins University, and he is the holder of a US patent for a novel type of mortgage-backed security structure.