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For Immediate Release April
06,
2004
FREDDIE MAC ADDS THREE NEW LENDERS TO ITS MULTIFAMILY PROGRAM PLUS® NETWORKMcLean, VA Freddie Mac (NYSE:FRE) today announced that it added three new companies to the corporation’s Program Plus network of multifamily lenders. Cohen Financial, based in Chicago, Illinois, is now eligible to sell loans secured by properties in Illinois, and Column Guaranteed, formerly Standard Mortgage Corporation and based in Atlanta, Georgia, is approved to sell loans secured by properties in Georgia, Louisiana and Mississippi. Wachovia Securities Agency Lending Group, a subsidiary of Wachovia Bank, headquartered in Dallas, Texas, is approved to sell loans to Freddie Mac in Southern New Jersey, Eastern Pennsylvania, the District of Columbia, Maryland, Virginia, North Carolina, South Carolina, Florida, Texas, Southern California, Oregon and Washington. Wachovia Securities Agency Lending Group is the product of the purchase of Lend Lease Mortgage Capital and AMI Capital by Wachovia Bank in 2003. “We are pleased to add these premier multifamily lenders to our Program Plus network,” said Adrian Corbiere, senior vice president of Multifamily lending at Freddie Mac. “Their experience and local markets expertise will help us expand the availability of affordable rental housing nationwide.” 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 passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has opened doors for one in six homebuyers and more than two million renters in America. ###
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