FREDDIE MAC SETTLES TWO $3 BILLION STRIP DEALS

McLean, VA – Freddie Mac (NYSE:FRE) today announced that it settled a $3 billion 30-year 5.0% Gold MACS Strip security. The Weighted Average Coupon (WAC), Weighted Average Remaining Maturity (WARM) and Weighted Average Loan Age (WALA) are 5.763%, 356 months and 3 months, respectively. The issue, designated FHS 245, settled today, April 19, 2007. The Interest-Only (IO) CUSIP is 31282Y3J6; the Principal-Only (PO) CUSIP is 3128HWNR4.

The company also announced that it settled a $3 billion 30-year 6.0% Gold MACS Strip security. The Weighted Average Coupon (WAC), Weighted Average Remaining Maturity (WARM) and Weighted Average Loan Age (WALA) are 6.561%, 353 months and 6 months, respectively. The issue, designated FHS 246, settled today, April 19, 2007. The Interest-Only (IO) CUSIP is 31282Y3K3; the Principal-Only (PO) CUSIP is 3128HWPJ0.

Bear, Stearns & Co. Inc. served as the lead underwriter for FHS 245. Co-managers of the transaction were Banc of America Securities, Citigroup Global Markets, Inc., Credit Suisse, Deutsche Bank Securities, Inc., Goldman Sachs Group, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, RBS Greenwich Capital and UBS Investment Bank.

Deutsche Bank Securities, Inc. served as the lead underwriter for FHS 246. Co-managers of the transaction were Banc of America Securities, Barclays Capital, Inc., Bear, Stearns & Co. Inc., Citigroup Global Markets, Inc., Credit Suisse, Goldman Sachs Group, HSBC Securities, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch and UBS Investment Bank.

This announcement is neither an offer to sell nor a solicitation to buy any of these securities. Any such offering will be made only by an offering circular and offering circular supplement.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass-through securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.

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