DAVID R. PALOMBI

SENIOR VICE PRESIDENT, CORPORATE AND MARKETING COMMUNICATIONS

David R. Palombi is senior vice president of corporate and marketing communications for Freddie Mac, a Fortune 50 financial services company headquartered outside Washington, D.C.

In this position, Palombi is responsible for all aspects of the development and implementation of Freddie Mac's communications strategy. His organization includes public relations, executive and internal communications, brand management, customer communications, on-line communications, market research and advertising. Palombi joined Freddie Mac in 1997 as vice president of corporate communications, and was promoted into his current position in February 2005.

Prior to joining Freddie Mac, Palombi served as chief communications executive for Barnett Banks, Inc., Jacksonville, FL. During his four years at Barnett, he managed external and internal communications and supervised the coordination of the communications functions of Barnett and its unit banks. He provided strategic communications counsel on a broad spectrum of challenges, including acquisitions and divestitures, litigation and the company's national expansion.

From 1987 to 1993, Palombi was senior vice president and director of corporate communications for Riggs National Corporation, Washington, D.C., and its domestic and international bank subsidiaries. From 1981 to 1986, he served as a news reporter and bureau chief for several newspapers, covering criminal courts, city hall and state government in New Jersey. While based in Washington, D.C. he covered Congress, the federal government and the White House for five daily newspapers owned by the Allbritton Communications Company.

Palombi is a member of the PR Seminar and the Evanston Group, both groups comprising senior corporate communications executives. He holds a Bachelors degree in English with a minor emphasis in journalism from the University of Delaware, where he was editor-in-chief of the college newspaper.

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.

07/07