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For Immediate Release October
24,
2006
FREDDIE MAC SETTLES $4.0 BILLION STRIP DEALMcLean, VA – Freddie Mac (NYSE:FRE) today announced that it settled a $4.0 billion 30-year 6% Gold MACS Strip security. The Weighted Average Coupon (WAC) and Weighted Average Loan Age (WALA) are 6.57% and 2 months, respectively. The issue, designated FHS 242, settled today, October 24, 2006. The Interest-Only (IO) CUSIP is 31282YSS9; the Principal-Only (PO) CUSIP is 3128HWC62. Banc of America Securities and RBS Greenwich Capital served as the lead underwriters for this transaction. Co-managers of the transaction were Bear, Stearns & Co. Inc., Citigroup Global Markets, Inc., Credit Suisse, Deutsche Bank Securities, Inc., Goldman Sachs Group, HSBC Securities, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS Investment Bank. This announcement is neither an offer to sell nor a solicitation to buy any of these securities. Any such offering will be made only by an offering circular and offering circular supplement. 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 more than four million renters in America. ###
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