Vice President, Freddie Mac
The
Award was earned for Mr. Salam’s Persistent and Dedicated Efforts
in Getting American Finance House LARIBA and its Shari’aa (jurisprudence)
approved model, approved by Freddie Mac. This represents an historic
development in the history of Islamic LARIBA Financing in the West in
March 2001. The approval propelled the growth of home financing to the
American Muslim Community on a large scale. We are indebted to God and
to Mr. Salam and Freddie Mac for their trust in us; the team of LARIBA.
Saber Salam as Vice President has responsibility for Freddie Mac’s
National Sales, Expanding Markets and Community Development areas. Mr.
Salam joined Freddie Mac in November 1999 and has had responsibility
for Customer Strategy, Product Development, and Execution Services areas.
Mr. Salams was an important engine in making the dream of owning a home
for many members of the American Muslim community a reality by developing
the strategic relationship with American Finance House LARIBA of Pasadena,
CA in March 2001 and other finance companies that comply with Islamic
law regarding financing.
From June 1996 through November 1999, Mr. Salam was Senior Vice President
of Wells Fargo Mortgage’s Institutional Lending group. During
his tenure with Wells Fargo, Mr. Salam held various executive management
positions overseeing the finance, pricing, risk management, technology
planning and operations management areas for the Wholesale, Correspondent,
and Conduit business lines.
Prior to joining Wells Fargo, Mr. Salam spent 10 years at Shawmut Mortgage
Company where he held executive management positions including Senior
Vice President of Loan Administration.
Mr. Salam and his wife Lyn live in Northern Virginia with their three
children. His leisure activities include golf, squash and travel.
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