FREDDIE MAC ANNOUNCES IMPLEMENTATION OF LOAN-LEVEL DISCLOSURE FOR NEWLY ISSUED PC SECURITIES

McLean, VA – Freddie Mac (NYSE:FRE) today announced that beginning December 1, 2005 it will make loan-level disclosures available for its newly issued single-family fixed-rate and adjustable-rate mortgage (ARM) Participation Certificate (PC) securities. Shortly thereafter, the company also will disclose certain algorithms and business rules used to produce loan level information for each pool in addition to those used to derive pool level disclosures.

"By providing loan-level disclosures for our newly issued PC securities, we believe we are increasing the transparency of our securities and providing the market information that is highly useful," said Mark Hanson, Freddie Mac vice president, mortgage funding. "We are pleased today to announce the start of our loan-level disclosures, and we believe that providing investors timely and more transparent information about our securities promotes our housing mission."

Market participants will be able to download loan-level detail for each new PC from http://www.freddiemac.com/mbs/html/sd_pc_lookup.html. In addition, we expect that mortgage securities data providers will incorporate loan-level information into their securities analysis tools.

In August 2005, Freddie Mac announced its intention to expand disclosures on its single-family PC securities to include loan-level information at issuance for newly issued PCs, and in September 2005, announced the variables [PDF 194K]. Monthly updates to PC securities disclosures will continue to be available at the pool level for new and previously issued PC securities. The disclosures are available on our Web site, http://www.freddiemac.com/mbs/html/sd_pc_lookup.html.

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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