FREDDIE MAC APPOINTS JAMES D. HUGHES SENIOR VICE PRESIDENT AND CHIEF INFORMATION OFFICER

McLean, VA – Freddie Mac (NYSE:FRE) today announced that it has named James D. Hughes senior vice president and Chief Information Officer effective September 25th. Hughes had been with the Cleveland-based National City Corporation where he had held positions as its Chief Information Officer and also its executive vice president and branch banking division head, where he was responsible for 11,000 employees and 1,250 retail-banking branches in seven states. Hughes, 48, reports to Joseph A. Smialowski, executive vice president of Operations and Technology.

As Freddie Mac's Chief Information Officer, Hughes will be responsible for managing one of the largest organizations within the company with information systems planning and development responsibilities that support the company's finance, investment, sourcing, servicing divisions and corporate functions.

"Jim brings Freddie Mac hands-on-knowledge of retail banking and superior expertise with customer-focused technology. His extensive background will be invaluable as we continue to refine and deploy the systems that strengthen our ability to efficiently meet our mission to bring liquidity, stability and affordability to America's lenders and home borrowers." explained Smialowski.

Prior to joining National City in 1997, Hughes served in management roles at Andersen Consulting, USF&G, Seer Technologies and Credit Suisse First Boston.

Hughes received a B.S. in psychology from the University of Maryland and earned an M.S. in Systems from the University of Lancaster in the U.K.

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 for one in six homebuyers and four million renters in America.

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