FREDDIE MAC ANNOUNCES THREE NEW SERVICER MANAGER^SM TOOLS TO ENHANCE DATA MANAGEMENT, DEFAULT REPORTING

McLean, VA – Freddie Mac today announced three new Internet-based servicing tools designed to help servicers cut costs by streamlining a number of data management and default reporting operations. Two of the new tools, Default Reporting Managersm and Incentive Managersm are available immediately and the third, Remedy Managersm is expected to become available shortly.

“These new additions to our Manager series will help Freddie Mac servicers achieve even greater levels of speed, efficiency and cost savings in 2006,” said Ingrid Beckles, vice president of default asset management. “What's more, these new tools respond directly to our customers requests to strengthen our Manager series by providing them with new and innovative Internet-based access to the loan level information they need to succeed.”

Freddie Mac's Manager series of on-line tools offers servicers a broad array of integrated, cutting-edge, web-based applications for investor accounting, delinquency, workout, foreclosure, and real estate-owned inventory management.

Default Reporting and Incentive Manager Now Available

Default Reporting Manager is designed to give servicers easier access and even more up-to-date information for managing delinquent portfolios. Default Reporting Manager enables users to view, analyze and download EDR reports from their desktops, as well as monitor, validate and update foreclosure sale reporting processes, with error correction feedback.

Conveniently linked to Freddie Mac's other portfolio management tools like Timeline Managersm and the EDR Quick Reference Guide, Default Reporting Manager gives servicers an overview of the information they need to make timely, objective, consistent and comprehensive decisions about defaulted loans.

In addition, Default Reporting Manager offers several new reports to help catch and resolve potential errors before they happen. Updated daily, Compliance Report, Sale Reporting Overview, and EDR Exception Report provide the most detailed and current information possible.

The second new tool, Incentive Manager, tracks all servicer incentives in one convenient place as they are earned or accrue over a calendar year. Specifically, Incentive Manager provides daily status reports and immediate access to loss mitigation and foreclosure timeline incentive reports.

Incentive Manager also features several new specialized functions so servicers can more easily:

• Track Freddie Mac incentives paid for settled workouts,
• Download loan-level detail for better data integration in reports,
• Identify reasons why workouts are ineligible for payment, and
• Track progress towards annually paid foreclosure timeline incentives.

The third new addition is Remedy Manager, which will give servicers fast access to Freddie Mac data in order to monitor open and pending repurchase requests, track and analyze closed repurchase requests, and avoid unwanted interest fees for lost or misplaced requests. Remedy Manager is scheduled for a full rollout later this spring.

For more information about Default Reporting Manager, Incentive Manager or any of the tools in Freddie Mac's Manager series, contact your Servicer Account Manager, visit freddiemac.com/service/msp/ir_dm.html or call (800) FREDDIE.

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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