GOVERNOR BARBOUR APPLAUDS MONETARY PARTNERSHIP OF FREDDIE MAC AND MISSISSIPPI HOME CORPORATION TO PROVIDE TEMPORARY HOUSING FOR MISSISSIPPIANS

Jackson, MS – Freddie Mac (NYSE:FRE), one of the nation’s largest investors in residential mortgages, has joined forces with Mississippi Home Corporation (MHC), providing $900,000 for the acquisition and positioning of more than 35 travel trailer units that will be used to provide temporary housing to Mississippians who have been displaced by recent hurricanes Katrina and Rita.

“Freddie Mac’s monetary partnership with MHC, the State’s housing finance authority, will enhance our efforts of making temporary housing readily accessible for displaced persons affected by the destruction of the recent storms,” said Mississippi’s Governor, Haley Barbour.

According to MHC, the temporary units will be placed on the homeowner’s property and tied into existing utilities during the reconstruction of the home. Six units have been set in place and the balance should be in place by the end of October.

Travel trailer recipient, Amy Rowell, a life-long Gulf Coast resident, said that she was pleased with the trailer that was provided for her and her family. “Our trailer has helped to restore a sense of normalcy with our family, especially the kids,” Rowell said. “We just feel better knowing we are all under one roof instead of being shifted among other family members’ homes,” she noted.

“MHC welcomes the resources and support Freddie Mac is providing that will help Mississippians return to work and rebuild their lives,” said MHC’s Chairman of the Board, Bill Sones. “Mississippi Gulf Coast governmental entities have been helpful and accommodating in this endeavor,” he noted.

“As a company dedicated to maintaining a strong and resilient housing market, Freddie Mac is using every available measure to help America’s families recover from these terrible storms,” said Richard F. Syron, Chairman and CEO of Freddie Mac.

“I especially want to thank MHC for their professionalism and allowing us to join their effort to restore normalcy to the lives of Mississippi’s citizens,” Syron added.

Currently, MHC is accepting applications through its website for those homeowners needing temporary housing but are ineligible for Federal Emergency Management Agency (FEMA) housing assistance.

For more information regarding MHC’s hurricane disaster relief efforts, please visit www.mshomecorp.com.

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 nearly four million renters in America.

Mississippi Home Corporation (MHC) was created by the State of Mississippi as a public-purpose corporation separate and apart from the State to provide financing for affordable housing in Mississippi. MHC receives no funds for its administrative operations from the State of Mississippi. MHC manages more than $450 million in outstanding mortgage revenue bonds which are backed by mortgage loans originated using bond proceeds. MHC offers low interest mortgages funded by Mortgage Revenue Bonds, Mortgage Credit Certificates which lower the homebuyer’s federal tax liability, and low-interest loan for down payment and closing costs.

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