Freddie Mac Monthly Volume Summary: February 2006

MCLEAN, Va., March 24 /PRNewswire-FirstCall/ -- The following is being issued by Freddie Mac :

February 2006 Highlights: * Total mortgage portfolio has increased at an annualized rate of 13.5% year-to-date and 13.5% in February. * Retained portfolio has decreased at an annualized rate of 4.0% year- to-date and increased at an annualized rate of 2.0% in February. * Retained portfolio purchases increased to $22.5 billion in February, from $12.4 billion in January. * The amount of Retained portfolio Mortgage Purchase Agreements, Net entered into during the month of February totaled $17.6 billion, up from the $13.5 billion entered into during the month of January. * Total Guaranteed PCs and Structured Securities Issued have increased at an annualized rate of 16.3% year-to-date and 15.3% in February. * Single-family non-credit enhanced delinquency rate was 30 basis points in January 2006, unchanged from December 2005. * Portfolio market value sensitivity (PMVS-L) averaged 1% in February, unchanged from January; our duration gap averaged 0 months in February, unchanged from January.

A glossary of selected Monthly Volume Summary terms is available on the Investor Relations page of our website, http://www.freddiemac.com/investors.

The Monthly Volume Summary includes volume and statistical data pertaining to our portfolios. Inquiries should be addressed to our Investor Relations Department, which can be reached by calling (571) 382-4732 or writing to:

1551 Park Run Drive, Mail stop D40, McLean, VA 22102-3110 or sending an email to shareholder@freddiemac.com. TABLE 1 - TOTAL MORTGAGE PORTFOLIO (1, 2) Non-Freddie Mac Mortgage-Related New Business Security Sales & Purchases(3) Other Activity Liquidations Feb 2005 $36,601 ($1,742) ($25,941) Mar 39,077 (223) (32,789) Apr 48,541 (24) (30,199) May 50,025 (55) (30,403) Jun 47,954 (1,212) (35,235) Jul 41,889 (1,380) (36,918) Aug 62,279 (1,942) (39,152) Sep 62,543 (4,574) (34,756) Oct 45,481 (3,791) (33,286) Nov 52,902 (183) (30,661) Dec 58,753 (3,063) (29,353) Full-Year 2005 $581,933 ($18,248) ($384,674) Jan 2006 $43,020 ($204) ($24,282) Feb 47,029 (3,240) (24,566) YTD 2006 $90,049 ($3,444) ($48,848) Net Annualized Increase/ Ending Annualized Liquidation (Decrease) Balance Growth Rate Rate Feb 2005 $8,918 $1,523,972 7.1% 20.5% Mar 6,065 1,530,037 4.8% 25.8% Apr 18,318 1,548,355 14.4% 23.7% May 19,567 1,567,922 15.2% 23.6% Jun 11,507 1,579,429 8.8% 27.0% Jul 3,591 1,583,020 2.7% 28.0% Aug 21,185 1,604,205 16.1% 29.7% Sep 23,213 1,627,418 17.4% 26.0% Oct 8,404 1,635,822 6.2% 24.5% Nov 22,058 1,657,880 16.2% 22.5% Dec 26,337 1,684,217 19.1% 21.2% Full-Year 2005 $179,011 $1,684,217 11.9% 25.6% Jan 2006 $18,534 $1,702,751 13.2% 17.3% Feb 19,223 1,721,974 13.5% 17.3% YTD 2006 $37,757 $1,721,974 13.5% 17.4% TABLE 2 - RETAINED PORTFOLIO (1) Sales, net Retained of Other Net Increase/ Purchases(4) Activity(5) Liquidations (Decrease) Feb 2005 $22,441 ($2,730) ($12,454) $7,257 Mar 20,755 (4,095) (14,122) 2,538 Apr 24,516 (4,077) (15,096) 5,343 May 28,316 (7,538) (14,704) 6,074 Jun 22,996 (10,030) (16,100) (3,134) Jul 23,228 (11,021) (17,175) (4,968) Aug 40,431 (5,150) (17,552) 17,729 Sep 34,319 (10,083) (17,470) 6,766 Oct 20,304 (9,744) (16,912) (6,352) Nov 32,572 (1,706) (16,286) 14,580 Dec 36,187 (3,182) (15,746) 17,259 Full-Year 2005 $320,553 ($76,398) ($187,074) $57,081 Jan 2006 $12,363 ($4,068) ($14,140) ($5,845) Feb 22,486 (8,057) (13,281) 1,148 YTD 2006 $34,849 ($12,125) ($27,421) ($4,697) Annualized Ending Annualized Liquidation Mortgage Purchase Balance Growth Rate Rate Agreements, Net(6) Feb 2005 $654,182 13.5% 23.1% $13,291 Mar 656,720 4.7% 25.9% 31,998 Apr 662,063 9.8% 27.6% 20,260 May 668,137 11.0% 26.7% 15,668 Jun 665,003 (5.6%) 28.9% 15,922 Jul 660,035 (9.0%) 31.0% 10,763 Aug 677,764 32.2% 31.9% 34,167 Sep 684,530 12.0% 30.9% 17,114 Oct 678,178 (11.1%) 29.6% 15,631 Nov 692,758 25.8% 28.8% 26,938 Dec 710,017 29.9% 27.3% 19,002 Full-Year 2005 $710,017 8.7% 28.7% $232,742 Jan 2006 $704,172 (9.9%) 23.9% $13,478 Feb 705,320 2.0% 22.6% 17,554 YTD 2006 $705,320 (4.0%) 23.2% $31,032 TABLE 3 - RETAINED PORTFOLIO COMPONENTS (1) PCs and Non-Freddie Mac Mortgage- Retained Structured Related Securities Mortgage Portfolio Securities Agency Non-Agency Loans Ending Balance Feb 2005 $353,475 $57,644 $181,664 $61,399 $654,182 Mar 350,390 56,381 188,213 61,736 656,720 Apr 348,399 55,338 197,229 61,097 662,063 May 346,867 54,126 206,265 60,879 668,137 Jun 336,233 54,464 213,320 60,986 665,003 Jul 329,925 51,980 217,046 61,084 660,035 Aug 338,505 49,664 227,948 61,647 677,764 Sep 341,505 46,023 235,795 61,207 684,530 Oct 339,455 45,642 232,437 60,644 678,178 Nov 349,657 45,096 236,956 61,049 692,758 Dec 361,324 44,626 242,586 61,481 710,017 Full-Year 2005 $361,324 $44,626 $242,586 $61,481 $710,017 Jan 2006 $355,921 $44,160 $241,176 $62,915 $704,172 Feb 355,153 43,917 243,288 62,962 705,320 YTD 2006 $355,153 $43,917 $243,288 $62,962 $705,320 TABLE 4 - TOTAL GUARANTEED PCs AND STRUCTURED SECURITIES ISSUED (1, 7) Net Annualized Annualized Liquidations Increase/ Ending Growth Liquidation Issuances (8) (Decrease) Balance Rate Rate Feb 2005 $25,081 ($19,069) $6,012 $1,223,265 5.9% 18.8% Mar 25,912 (25,470) 442 1,223,707 0.4% 25.0% Apr 32,043 (21,059) 10,984 1,234,691 10.8% 20.7% May 33,654 (21,693) 11,961 1,246,652 11.6% 21.1% Jun 29,917 (25,910) 4,007 1,250,659 3.9% 24.9% Jul 28,633 (26,382) 2,251 1,252,910 2.2% 25.3% Aug 40,883 (28,847) 12,036 1,264,946 11.5% 27.6% Sep 43,002 (23,555) 19,447 1,284,393 18.4% 22.3% Oct 34,986 (22,280) 12,706 1,297,099 11.9% 20.8% Nov 37,837 (20,157) 17,680 1,314,779 16.4% 18.6% Dec 39,784 (19,039) 20,745 1,335,524 18.9% 17.4% Full-Year 2005 $397,867 ($271,311) $126,556 $1,335,524 10.5% 22.4% Jan 2006 $33,669 ($14,693) $18,976 $1,354,500 17.1% 13.2% Feb 33,231 (15,924) 17,307 1,371,807 15.3% 14.1% YTD 2006 $66,900 ($30,617) $36,283 $1,371,807(9) 16.3% 13.8%

TABLE 5 - TOTAL GUARANTEED PCs AND STRUCTURED SECURITIES OUTSTANDING (1, 7, 10)

Purchases into Sales out of the Retained the Retained Issuances Portfolio Portfolio Liquidations(8) Feb 2005 $25,081 ($10,921) $1,401 ($13,900) Mar 25,912 (7,590) 4,281 (19,076) Apr 32,043 (8,018) 4,324 (15,374) May 33,654 (11,945) 7,766 (15,982) Jun 29,917 (4,959) 9,141 (19,458) Jul 28,633 (9,972) 9,954 (20,056) Aug 40,883 (19,035) 3,575 (21,967) Sep 43,002 (14,778) 5,877 (17,654) Oct 34,986 (9,809) 6,349 (16,770) Nov 37,837 (17,507) 1,948 (14,800) Dec 39,784 (17,218) 619 (14,107) Full-Year 2005 $397,867 ($136,487) $62,625 ($202,075) Jan 2006 $33,669 ($3,012) $4,289 ($10,567) Feb 33,231 (8,688) 5,228 (11,696) YTD 2006 $66,900 ($11,700) $9,517 ($22,263) Annualized Annualized Net Increase/ Ending Growth Liquidation (Decrease) Balance Rate Rate Feb 2005 $1,661 869,790 2.3% 19.2% Mar 3,527 873,317 4.9% 26.3% Apr 12,975 886,292 17.8% 21.1% May 13,493 899,785 18.3% 21.6% Jun 14,641 914,426 19.5% 26.0% Jul 8,559 922,985 11.2% 26.3% Aug 3,456 926,441 4.5% 28.6% Sep 16,447 942,888 21.3% 22.9% Oct 14,756 957,644 18.8% 21.3% Nov 7,478 965,122 9.4% 18.5% Dec 9,078 974,200 11.3% 17.5% Full-Year 2005 $121,930 $974,200 14.3% 23.7% Jan 2006 $24,379 $998,579 30.0% 13.0% Feb 18,075 1,016,654 21.7% 14.1% YTD 2006 $42,454 $1,016,654 26.1% 13.7% TABLE 6 - DELINQUENCIES (11) Single-Family Multifamily(12) (90 days or more delinquent) Non Credit Credit (60 days or more Enhanced Enhanced All Loans delinquent) Feb 2005 0.24% 2.70% 0.72% 0.09% Mar 0.22% 2.56% 0.67% 0.05% Apr 0.22% 2.42% 0.63% 0.05% May 0.21% 2.38% 0.62% 0.05% Jun 0.21% 2.37% 0.61% 0.01% Jul 0.22% 2.34% 0.61% 0.00% Aug 0.22% 2.28% 0.60% 0.00% Sep 0.22% 2.26% 0.59% 0.00% Oct 0.23% 2.30% 0.60% 0.01% Nov 0.29% 2.47% 0.68% 0.06% Dec 0.30% 2.46% 0.69% 0.00% Jan 2006 0.30% 2.43% 0.68% 0.01% TABLE 7 - INTEREST-RATE RISK SENSITIVITY DISCLOSURES (13) Portfolio Market Portfolio Market Value-Level Value-Yield Curve (PMVS-L) (50bp) (PMVS-YC) (25bp) Duration Gap (Rounded to (Rounded to (Rounded to Nearest Percent) Nearest Percent) Nearest Month) Monthly Quarterly Monthly Quarterly Monthly Quarterly Average Average Average Average Average Average Feb 2005 1% -- 0% -- 0 -- Mar 1% 1% 0% 0% 0 0 Apr 1% -- 0% -- 0 -- May 1% -- 0% -- 0 -- Jun 1% 1% 0% 0% 0 0 Jul 1% -- 0% -- 0 -- Aug 1% -- 0% -- 0 -- Sep 1% 1% 0% 0% 0 0 Oct 1% -- 0% -- 0 -- Nov 1% -- 0% -- 0 -- Dec 1% 1% 0% 0% 0 0 Full-Year 2005 1% -- 0% -- 0 -- Jan 2006 1% -- 0% -- 0 -- Feb 1% -- 0% -- 0 -- YTD 2006 1% -- 0% -- 0 -- ENDNOTES (1) Ending balances and activity are based on unpaid principal balances and exclude mortgage loans and mortgage-related securities traded, but not yet settled. (2) Total mortgage portfolio (Table 1) is defined as Total Guaranteed PCs And Structured Securities Issued (Table 4) plus the sum of Mortgage Loans (Table 3) and non-Freddie Mac mortgage-related securities (Agency and Non-Agency) (Table 3). (3) Total mortgage portfolio New Business Purchases (Table 1) is defined as Retained Purchases (Table 2) plus Total Guaranteed PC and Structured Securities Issuances (Table 4) less Purchases into the Retained Portfolio (Table 5). (4) Mortgage loans that are purchased through our Cash Window are reported net of sales through auctions in the form of issued PCs. (5) Includes a reduction in the Retained portfolio for mortgage-related securities that have been sold and credit-related impairments net of additions to the Retained portfolio for delinquent mortgage loans and balloon reset mortgage loans that have been purchased out of PC pools. (6) Mortgage Purchase Agreements, Net reflects trades entered into during the month and includes: (a) monthly commitments to purchase mortgage- related securities for the Retained portfolio offset by monthly commitments to sell mortgage-related securities out of the Retained portfolio during the month and (b) the net amount of monthly mortgage loan purchases and sales agreements entered into during the month. Substantially all of these commitments are settled by delivery of a mortgage-related security or mortgage loan; the rest are net settled for cash. Mortgage Purchase Agreements, Net also includes the net amount of mortgage-related securities that we expect to purchase or sell pursuant to written and purchased options entered into during the month for which we expect to take or make delivery of the securities. In some instances, commitments may settle during the same period in which we have entered into the related commitment. (7) Excludes Structured Securities where we have resecuritized PCs and other previously issued Structured Securities. These excluded Structured Securities do not increase our credit-related exposure and consist of single-class Structured Securities backed by PCs, Real Estate Mortgage Investment Conduits (REMICs) and principal-only strips. The notional balances of interest-only strips are excluded because this table is based on unpaid principal balance. Also excluded are modifiable and combinable REMIC tranches and interest and principal classes, where the holder has the option to exchange the security tranches for other pre-defined security tranches. Additional information concerning "Credit Guarantee Activities - Guarantees Issued Through Resecuritization" can be found in our Information Statement dated June 14, 2005. (8) Includes all principal payments relating to PCs and Structured Securities backed by non-Freddie Mac mortgage-related securities and relating to securities issued by others that we guarantee (see Endnote 9 for more information). Also includes the purchase of delinquent mortgage loans and balloon reset mortgage loans out of PC pools. (9) Includes, as of February 28, 2006, our guarantee of the payment of principal and interest on (a) $6 billion unpaid principal balance of (1) multifamily mortgage loans that are originated and held by state and municipal housing finance agencies to support tax-exempt multifamily housing revenue bonds and (2) tax-exempt multifamily housing revenue bonds that support pass-through certificates issued by third parties; and (b) $1 billion unpaid principal balance of single-family mortgage loans held by third parties for which we provide a credit guarantee. (10) Represents guaranteed PCs and Structured Securities held by third parties. (11) Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure while multifamily delinquencies are based on net carrying value of mortgages 60 days or more delinquent or in foreclosure. Includes delinquencies on mortgage loans where the lender or third party retains the largest portion of the default risk as well as Structured Securities backed by alternative collateral deals. Excludes mortgage loans whose original contractual terms have been modified under an agreement with the borrower as long as the borrower complies with the modified contractual terms. Previously reported delinquency data is subject to change to reflect currently available information. For example, delinquency data reported for some Structured Securities may be omitted or subsequently revised by servicers of the underlying loans, which may require revision to previously reported numbers. For periods presented in this report, revisions to previously reported delinquency rates have not been significant nor have they significantly affected the overall trend of our Single-Family "Credit Enhanced" and "All Loans" delinquency rates. Delinquencies on mortgage loans underlying alternative collateral deals may be categorized as delinquent on a different schedule than other mortgage loans due to variances in industry practice. (12) Hurricane Katrina has not affected our reported multifamily delinquency rate because the contractual terms of certain affected mortgage loans, with unpaid principal balances totaling $206 million at January 31, 2006, have been modified. (See Endnote 11 for more information.) (13) Our PMVS and Duration Gap measures provide useful estimates of key interest-rate risk exposures. While we believe that PMVS and Duration Gap are useful risk management tools, they should be understood as estimates rather than precise measurements. Methodologies employed to calculate Interest-Rate Risk Sensitivity Disclosures are periodically changed on a prospective basis to reflect improvements in underlying estimation processes.