PAUL E. MULLINGS

SENIOR VICE PRESIDENT
SINGLE FAMILY SOURCING

Paul E. Mullings was named senior vice president for Single Family Sourcing in June 2005. In this position, Mullings is responsible for managing and building relations with Freddie Mac’s more than 2,000 lender customers.

Mullings joined Freddie Mac from JP Morgan Chase where he was senior vice president, manager Mortgage Finance, and Fair Lending executive at Chase Home Finance, the nation's fourth largest residential mortgage lender. Mullings had direct responsibility for a number of broad mortgage finance initiatives, including the strengthening of Chase Home Finance’s emerging markets business model and its private-label mortgage-backed securities program.

Prior to joining Chase Home Finance in 1997, Mullings was president and CEO of Mortgage Electronic Registration Systems, Inc. (MERS). He led MERS during the organization's launch and successful capitalization, and was instrumental in the development of the first set of industry standards that are leading the mortgage market to a paperless process.

Mullings has also been the president and CEO of the residential mortgage division of First Interstate Bank, Los Angeles, and held a series of increasingly responsible senior management positions at Glendale Federal Bank, Glendale, CA.

Mullings is a Graduate of The Institute of Accounting Staff, London, England.

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 more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.

08/05