FREDDIE MAC NAMES MIKE PERLMAN EXECUTIVE VICE PRESIDENT FOR OPERATIONS AND TECHNOLOGY

McLean, VA – Freddie Mac (NYSE:FRE) today announced that it has named Mike Perlman Executive Vice President, Operations and Technology. Perlman comes to Freddie Mac from Morgan Stanley, where he was a managing director and developed the operations and technology infrastructure supporting Morgan Stanley's Fixed Income and Global Operations divisions. Perlman also played a significant role in several other financial IT systems at Morgan Stanley, including the company's mortgage business.

Perlman will be responsible for managing the largest segment of Freddie Mac's business operations, including all of the company's mortgage origination and servicing, investment and capital markets operations, and information systems divisions. Perlman will report to Chairman and Chief Executive Officer Richard F. Syron.

"Mike's world-class operations and financial technology expertise will help Freddie Mac realize our comprehensive plan to improve and integrate our operating and technology platforms," Syron said. "His arrival will help us to effectively allocate our resources to corporate priorities and ensure that our operations are efficient, cost-effective, and conducted in a strong control environment."

Prior to joining Morgan Stanley in 1997, Perlman had been a founding partner at AT&T Solutions' Financial Services Group and a partner in the Washington, DC and New York offices of Deloitte & Touche, where he specialized in large-scale business and technology renovation.

Perlman holds an MBA from New York University and a BE in Engineering from City College of New York.

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-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.

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