FREDDIE MAC ANNOUNCES DETAILS OF PLANS TO EXPAND DISCLOSURE ON PC SECURITIES

Company Outlines Variables and Definitions of Loan-Level Information

McLean, VA – Freddie Mac (NYSE:FRE) today announced the loan-level variables it intends to disclose at issuance for its newly issued single-family fixed-rate and adjustable-rate mortgage (ARM) Participation Certificate (PC) securities. The company intends to begin providing the expanded disclosures during the fourth quarter of 2005, and reiterated that updates to PC securities disclosures will continue to be available at the pool level for new and previously issued PC securities.

"We are committed to providing the market detailed and transparent disclosures on our PC securities, and today we are pleased to announce the names and descriptions of the loan-level variables we intend to begin publishing later this year," said Patricia Cook, executive vice president – Investments & Capital Markets. "We know that this type of information is helpful to the market, and by expanding disclosures Freddie Mac will continue to serve its vital mission of providing liquidity, stability and affordability to America's home financing system."

In August 2005, Freddie Mac announced its intention to expand the disclosures on its single-family PC securities to include loan-level information at issuance for newly issued PCs. The company is working with data providers to accommodate the loan-level disclosures. Freddie Mac will make these disclosures available on its Web site, www.FreddieMac.com/mbs, beginning in the fourth quarter of 2005.

The newly disclosed loan-level variables will include the following:

Convertible
Credit Score
First Payment Date
Gross Mortgage Margin
Index
Initial Fixed Rate Period for Hybrid ARMs
Initial Interest^SM First P&I Payment Date
Initial Cap Down (%)
Initial Cap Up (%)
IO Flag
Loan Age
Loan Purpose
Lookback
Maturity Date
Maximum Lifetime Rate
Months to Adjust
Months to Amortize
Net Maximum Lifetime Rate
Net Mortgage Margin
Net Note Rate
Next Adjustment Date
Note Rate as of PC Issuance
Number of Units
Occupancy Status
Original Loan Amount
Original LTV
Original Loan Term
Original Note Rate
Original UPB
Periodic Cap (%)
Prepayment Penalty Flag
Product Type
Property State
Property Type
Rate Adjustment Frequency
Remaining Months to Maturity (RMM)
Seller Name
Servicer Name
Third Party Origination (TPO) Flag

Descriptions of the variables [PDF 194K] are available on the Mortgage Securities page of the company's Web site.

Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and nearly four million renters in America.

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