FREDDIE MAC ANNOUNCES MONTHLY LOAN-LEVEL DISCLOSURE UPDATES TO MORTGAGE PC SECURITIES

McLean, VA – Freddie Mac (NYSE:FRE) today announced that beginning in August 2006, the company will provide monthly loan-level updates on its single-family mortgage PC securities issued after December 1, 2005.

"Today's announcement illustrates our continued commitment to providing the market transparent disclosures on our mortgage-backed securities," said Phil Guth, Freddie Mac vice president, mortgage securitization. "We believe that providing investors timely, transparent mortgage securities disclosure promotes our mission to provide liquidity, stability and affordability to America's home financing system."

Freddie Mac began disclosing loan-level information at issuance for all of its newly issued single-family, fixed-rate and adjustable-rate mortgage PC securities in December 2005. The company is the first agency issuer of mortgage-backed securities to provide loan-level detail. With loan-level monthly updates, additional data will be available to assist investors in assessing the factors that may affect Freddie Mac mortgage security performance, which may enable investors to value the securities more precisely. The company is working with mortgage-securities data providers to accommodate the monthly loan-level updates and expects that the data providers will incorporate loan-level information into their securities analysis tools.

Loan-level disclosure is available on the company's Web site at www.FreddieMac.com/mbs under "Security Lookup." The variable names and descriptions are available on Freddie Mac's Web site at www.FreddieMac.com/mbs/docs/fs_lld.pdf [PDF 196K]. Additionally, the disclosure calculations are available at www.FreddieMac.com/mbs/docs/pc_algorithms.pdf [PDF 1.0M] and will be updated to reflect calculations used to produce monthly loan- and pool-level disclosures when the company begins providing monthly loan-level updates in August 2006.

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 more than four million renters in America.

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