FREDDIE MAC PRICES $3.0 BILLION ENHANCED GOLD MACS STRIP SECURITY

McLean, VA – Freddie Mac (NYSE: FRE) today announced that it priced a $3.0 billion 30‑year 5.5% Gold MACS strip security with an enhanced combination feature that allows for floater and inverse floater classes. The Weighted Average Loan Age will not be greater than 5 months. The issue, designated FHS 237, is scheduled for settlement on April 20, 2006. 

Goldman Sachs Group served as the lead underwriter for this transaction. Co-managers of the transaction were Banc of America Securities, Barclays Capital, Inc., Bear, Stearns & Co. Inc., Citigroup Global Markets, Inc., Credit Suisse, Deutsche Bank Securities, Inc., HSBC Securities, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, Nomura Securities International, Inc., RBS Greenwich Capital and UBS Investment Bank.

Gold MACS are stripped Giant Certificates with a modifiable and combinable feature that enable investors to exchange a fixed-rate Giant PC for interest-only (IO), principal-only (PO), or various synthetic coupon PCs from a single strip offering.  Additionally, Freddie Mac's Gold MACS program has been enhanced to allow holders of both floating and inverse floating rate classes to exchange those classes for the underlying IO and PO strips, and/or the underlying Gold Giant PC.

"Today's pricing marks the beginning of an expanded Gold MACS program providing investors with large, liquid, syndicate-led issues that are more versatile," said Mark Hanson, vice president for mortgage funding.  "Gold MACS now allow investors to create a much wider variety of security types, including IOs, POs, floaters, inverse floaters, synthetic coupons and other structured products.  In addition, all of these security types may be exchanged from, and recombined in proper proportion to form, the underlying Giant PC – a TBA eligible mortgage-backed security."

Additional information about Freddie Mac's Gold MACS program is available on the Mortgage Securities page of the company's Web site at http://www.freddiemac.com/mbs/html/product/strips.html.

This announcement is neither an offer to sell nor a solicitation of offers 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 nearly four million renters in America.

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