SPRING PROMOTION LINKS SELLING AGENTS WITH FREDDIE MAC HOMES FOR SALE

Real Estate Agent Incentives Available

McLean, VA – Real estate agents can take home more cash, up to $2,000 in bonus commission, with each qualified closing of a designated Freddie Mac home during the HomeSteps® spring promotion. HomeSteps is the real estate unit of Freddie Mac that markets a nationwide selection of Freddie Mac-owned homes.

To participate, agents should complete the online registration form for the HomeSteps "Gold Star Homes" program found on www.HomeSteps.com. There is no registration fee. Lists by state are also posted on the site, indicating which HomeSteps homes qualify for the Gold Star Homes program.

Agents may also complete the on-line application to join Freddie Mac's HomeSteps® Selling Agent Select program. The $50 Selling Agent Select membership fee is being waived until May 31, 2004. The program links real estate agents to HomeSteps homes for sale. Members receive a weekly email list of homes for sale in up to 10 zip codes. Agents are also placed in the HomeSteps database of local real estate agents on its website, which features available properties and is visited by thousands of potential homebuyers each day. Throughout the year, HomeSteps may offer additional bonus commission opportunities in areas of high volume or on certain properties.

HomeSteps serves an ethnically and economically diverse market. More than 40 percent of the HomeSteps homes are sold to first-time buyers with incomes less than $50,000 annually. HomeSteps spends approximately $40 million annually—an average of about $2,500 per home—to improve the homes. HomeSteps sells an estimated 10,000 to 18,000 homes per year, which together are worth approximately $1 billion. At any given time, HomeSteps has about 8,000 homes on the market or being prepared for sale.

For more information, visit www.HomeSteps.com or call 800-972-7555.

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 passthrough securities and debt instruments in the capital markets.  Over the years, Freddie Mac has opened doors for one in six homebuyers and more than two million renters in America.

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