ED HUSSEY JOINS FREDDIE MAC AS VICE PRESIDENT OF MULTIFAMILY SOURCING'S TERMS OF BUSINESS

McLean, VA – Freddie Mac (NYSE:FRE) today announced that Ed Hussey has joined the company as vice president of Multifamily Sourcing's Terms of Business. In this new position, Hussey is responsible for establishing and overseeing credit risk and credit policy for the Mulitfamily Division.

"I am confident that with Ed's broad experience and his proven track record for successfully identifying gaps and developing ways to fill those gaps, he will help us to continue to tune our business model," said Mike May, senior vice president of Multifamily Sourcing for Freddie Mac.

Hussey comes to Freddie Mac from Wells Fargo Multifamily Capital/Reilly Mortgage Group Inc., where he was senior vice president/chief underwriter. In that role, Hussey developed and implemented new credit policy for all company lending platforms.

Hussey was also responsible for the development and implementation of policies and procedures for the Conventional Loan Underwriting Department. Hussey led the shift in focus to Credit Quality, while reducing the loan origination to closing time by 35 percent.

Prior to that, Hussey spent 16 years in the New Orleans area, where he served as vice president/chief underwriter at Standard Mortgage Corporation, assistant vice president/senior appraiser at Hibernia National Bank, and staff appraiser at several other firms.

Since the launching of Freddie Mac's current multifamily business in 1993, Freddie Mac has purchased more than $165 billion in multifamily mortgages, financing rental housing for more than four million families.

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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