FREDDIE MAC ANNOUNCES IT WILL ACT AS TRANSFER AND PAYMENT AGENT FOR DEFINITIVE PHYSICAL MORTGAGE PARTICIPATION CERTIFICATES

McLean, VA – Freddie Mac (NYSE: FRE) announced today that beginning July 1, 2007, it will assume the transfer agent and payment agent role for its definitive Mortgage Participation Certificates (PCs) that exist in certificate form.

Investors will continue to receive principal and interest payments on Freddie Mac definitive PCs from the Federal Reserve through July 2007. Beginning in August 2007, investors will receive all principal and interest payments on these securities from Freddie Mac. The Federal Reserve will honor drafts payable through them through December 2007. After that date, the drafts should be sent to Freddie Mac at the address below.

Also beginning on July 1, 2007, investors with questions on their securities such as conversion to book-entry, security trades, a change of address, or a certificate replacement should contact Freddie Mac’s Office of the Registrar at:

1551 Park Run Drive, Mail Stop D5N
McLean, Virginia 22102-3110

Information regarding this change and related procedures are available on Freddie Mac’s Web site at www.FreddieMac.com/mbs/html/cs_otr.html.

For questions or concerns, please do not hesitate to contact Freddie Mac’s Investor Inquiry department at (800) 336-3672 or at investor_inquiry@freddiemac.com.

Freddie Mac stopped issuing PCs in certificate form in 1985. The company currently has approximately 240 definitive PCs that remain partially held in physical form by approximately 1,200 investors. Additional information on these securities is available on the company’s Web site at www.FreddieMac.com/mbs.

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 pass-through 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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