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Former Freddie Mac CEO Owns Prestigious Maryland Eastern Shore Property.
Byline: Bill Atkinson
Aug. 24--Leland C. Brendsel, who made millions helping average people realize the American dream of homeownership, is living the dream in one of the most exclusive and historically significant properties on Maryland's Eastern Shore.
The property, called Wye Hall, was owned by William Paca, a leader in the American Revolution, one of the signers of the Declaration of Independence and Maryland's third governor.
Historians say the Paca home burned in 1879, but the Brendsels' home -- built in the early 1930s -- sits roughly on the footprint of Paca's original house.
Brendsel ran Freddie Mac, the giant, but beleaguered Virginia mortgage company, until he resigned in June. In 1999, he bought the Georgian mansion and 16 acres for $2.8 million and an adjacent carriage house and 10.54 acres for $1.3 million.
- ANNOUNCEMENTS
- Newspaper article from: Capital (Annapolis) September 14, 2009 700+ words
...The annual 1774 Hammond-Harwood House Garden Party will be held from 5 to 8 p.m. Saturday on the grounds of Wye Hall, 505 Wye Hall Drive in Queenstown. Visitors can tour the five-part Colonial Revival style house overlooking the Wye River...
- Washington People.
- Magazine article from: American Banker Heller, Michele October 3, 2005 700+ words
...paying $13,676 a year for the use of the land, roughly $700 less than the previous tenant paid, the story said. The Brendsels are not accused of wrongdoing in the acquisition of the lease. The land will be put up for bid after the end of the year...
