FREDDIE MAC MAKES HOME POSSIBLE FOR EMPLOYEES

New Employee Home Benefit Program Offers First-Time Homebuyers Financial Assistance, Homeownership Education

McLean, VA – Freddie Mac (FRE: NYSE), one of the nation's largest investors in residential mortgages, is helping its own employees achieve the dream of homeownership with its new affordable Home Benefit Program announced today. The new program will provide eligible employees who are first-time homebuyers with financial assistance and homeownership education.

"Helping people realize their dreams of homeownership is what Freddie Mac does, and our mission should include helping our own," said Freddie Mac's Chairman and CEO Richard F. Syron.

The new Freddie Mac Home Benefit Program will be offered to both full and part-time employees who are first-time homebuyers making less than $75,000 in annual base pay, and who have completed at least one year of service to the company. The program provides an interest-free, forgivable benefit of up to $12,000 which may be used to cover down payments, closing costs or loan origination fee and/or discount point(s) to first-time homebuyers. Twenty percent of the benefit is forgiven each year over a period of five years of continued service to the company.

The new Home Benefit Program will also offer eligible employees homebuyer education and counseling sessions throughout the year, which will walk them through the homebuying process. Some of the topics covered in the sessions include: credit and why it's important; managing money; goal setting; planning; financial institutions and becoming a homeowner. In addition, qualified employees will receive a "closing time off" benefit, which will give them up to four hours off – with pay – to attend the closing on their new home.

As one of the Washington, DC region's most admired employers, Freddie Mac's dedication to providing a dynamic, employee-friendly workplace manifests itself through an ever increasing range of innovative programs and benefits offered to employees, including: an on-site wellness center, fitness center, business casual dress, lactation rooms and consultation, dependent/health care accounts, award-winning adoption benefits, a near-site child care center and back up care, a concierge service, flex-time, purchasable vacation days, exemplary 401(k) program, and work-life assistance to name a few. For more information about Freddie Mac, visit http://www.freddiemac.com/careers/benefits/.

Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases mortgages from lenders and packages them into securities that are sold to investors. Over the years, Freddie Mac has made home possible for one in six homebuyers and two million renters across America.

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