FREDDIE MAC DECLARES QUARTERLY DIVIDENDS

McLean, VA – The board of directors of Freddie Mac (NYSE: FRE) today declared a quarterly dividend on the corporation's voting common stock of $0.50 per share. The board also declared the following quarterly dividends on the corporation's preferred stock:

Description	CUSIP	NYSE Symbol	Dividend Per Share
1996 Variable Rate	313 400 608	FRE.prB	0.59
5.81% (1997)	313 400 889	Not Listed	0.72625
5% (1998)	313 400 863	FRE.prF	0.625
1998 Variable Rate	313 400 848	FRE.prG	0.59
5.1% (1998)	313 400 855	FRE.prH	0.6375
5.3% (1998)	313 400 822	Not Listed	0.6625
5.1% (1999)	313 400 814	Not Listed	0.6375
5.79% (1999)	313 400 830	FRE.prK	0.72375
1999 Variable Rate	313 400 798	FRE.prL	0.4475
2001 Variable Rate (Jan)	313 400 780	FRE.prM	0.585
2001 Variable Rate (Mar)	313 400 764	FRE.prN	0.63889
5.81% (2001)	313 400 772	FRE.prO	0.72625
6% (2001)	313 400 749	FRE.prP	0.75
2001 Variable Rate	313 400 756	FRE.prQ	0.645
5.7% (2001)	313 400 731	FRE.prR	0.7125
5.81% (2002)	313 400 723	Not Listed	0.72625
2006 Variable Rate	313 400 715	FRE.prS	0.75
6.42% (2006)	313 400 699	FRE.prT	0.8025
5.9% (2006)	313 400 681	FRE.prU	0.36875
5.57% (2007)	313 400 673	FRE.prV	0.348125
5.66% (2007)	313 400 665	FRE.prW	0.35375
6.02% (2007)	313 400 657	FRE.prX	0.27592

The third quarter dividends will be payable on September 28, 2007, to stockholders of record
as of September 17, 2007. For additional information about Freddie Mac, please see the company's Web site at www.FreddieMac.com/investors.

In other business, the company today announced the departure of Eugene M. McQuade, Freddie Mac's former president and chief operating officer, from the board of directors. As previously announced, McQuade's employment contract with Freddie Mac expired on September 1, 2007, and he ceased to be an employee of the company on that date. Pursuant to the terms of his employment contract, McQuade was deemed to have resigned from the board of directors, effective as of September 1, 2007.

"I want to thank Gene for the exceptional leadership he has provided over the past three years," said Richard F. Syron, Freddie Mac chairman and chief executive officer. "Without question, Gene is leaving Freddie Mac in a stronger position than he found it. Today, we have a renewed focus on our customers. We have made significant progress on improving our financial reporting and internal controls. And we're delivering on our vital housing mission of providing stability, liquidity and affordability to the nation's housing finance system in a time of considerable turmoil."

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.

###