FREDDIE MAC ADDING NEW VISTA ASSET MANAGEMENT BROKERS TO NETWORK OF REAL ESTATE PROFESSIONALS SELLING HOMESTEPS® HOMES

McLean, VA – Freddie Mac's HomeSteps® is adding the New Vista Asset Management (New Vista) network of multicultural real estate brokers to its existing national network of real estate professionals to market HomeSteps' inventory of Real Estate Owned (REO) homes. HomeSteps is the REO sales unit of Freddie Mac (NYSE:FRE), one of the nation's biggest investors in residential mortgages.

Jim Park and Gary Acosta, two nationally recognized minority real estate leaders, head New Vista and created a model that uses a diverse network of minority brokers, as well as nonprofit counseling agencies, to create awareness among first-time and minority buyers of the availability of REO homes as a housing option.

Today's announcement is expected to help more first time and minority families become homeowners by purchasing HomeSteps homes as well as expand homeownership opportunities in minority neighborhoods affected by recent adverse trends in the real estate market.

"New Vista is excited to work with HomeSteps. By matching our network of top multicultural real estate professionals with HomeSteps homes, we believe we can market and sell these homes to a diverse consumer base in a responsible way that will help reinvigorate neighborhoods affected by the recent real estate downturn," said Jim Park, President and CEO of New Vista.

"We're pleased to work with New Vista's network of real estate professionals as part of our ongoing efforts to help more minority and first-time homebuyers become successful long-term homeowners," said Chris Bowden, Vice President of Freddie Mac's HomeSteps unit.

"Having a place to call home is critical for strengthening underserved minority communities," said Rep. Mike Honda (D-CA), Chair of the Congressional Asian Pacific American Caucus. "I applaud HomeSteps and New Vista for their new partnership in turning foreclosed homes into affordable homeownership opportunities for all of America's diverse families."

"New Vista's agreement with Freddie Mac advances the development of community-based partnerships that create sustainable homeownership opportunities in minority communities," said Kenneth D. Wade, CEO of NeighborWorks America.

About Freddie Mac

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-related 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.

About New Vista Asset Management

New Vista Asset Management is a San Diego-based national REO management and marketing company that provides innovative and community-based outsourcing solutions for mortgage bankers, mortgage investors and regulated financial institutions. The company's integrated minority homeownership strategy is to use foreclosure inventory to create affordable housing solutions for minority and first-time homebuyers and increase homeownership rates in underserved communities. For more information about the company, go to www.newvistareo.com.

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