Freddie Mac Announces Resignation of John Woods, Senior Vice President, Corporate Controller

MCLEAN, Va., Oct. 27 /PRNewswire-FirstCall/ -- Freddie Mac announced today that John Woods, senior vice president, corporate controller and principal accounting officer, has resigned from his position at the company effective October 28, 2005, to join Washington Mutual as its corporate controller.

Martin F. Baumann, Freddie Mac's executive vice president, Finance, and chief financial officer, expressed his thanks to Woods for his service and for the strong organization he helped to build. "While it is always difficult to lose a high-quality senior executive, John has recruited and built a terrific team," Baumann said. "The Finance group at Freddie Mac has a very strong pool of accounting and reporting leaders and professionals who will continue to do a terrific job for the company."

Freddie Mac has not yet named a successor.

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. http://www.freddiemac.com/