Federal Home Loan Mortgage 8K Regulation FD Disclosure | FMCC 25 Mar 09

Exhibit 99.1


		Monthly Volume Summary: February 2009 (unaudited & subject to change) (dollars in millions)

February 2009 Highlights:


>	On September 6, 2008, the Director of the Federal Housing Finance Agency (FHFA) appointed FHFA as Conservator of Freddie Mac. See our website www.FreddieMac.com/investors, for more information.

>	Total mortgage portfolio increased at an annualized rate of 3.0% in February.

>	The aggregate unpaid principal balance (UPB) of our mortgage-related investments portfolio increased to $822.0 billion at February 28, 2009.

>	The amount of mortgage-related investments portfolio mortgage purchase and sale agreements entered into during the month of February totaled $4.0 billion, down from the $17.0 billion entered into during the month of January.

>	Total guaranteed PCs and Structured Securities issued decreased at an annualized rate of 1.4% in February.

>	Temporary suspension of foreclosures during February contributed to the increase in our single-family delinquency rates. Additional suspensions of foreclosures during 2009 may also adversely impact delinquency rates going forward.

>	Other Investments includes $57.1 billion of cash and cash equivalents, $28.5 billion of securities purchased under agreements to resell and federal funds sold, and $13.0 billion of non-mortgage investments as of February 28, 2009.

>	The measure of our exposure to changes in portfolio market value(PMVS-L) averaged $447 million in February. Duration Gap averaged 1 month. See Endnote (14) for further information.


TABLE 1 — TOTAL MORTGAGE PORTFOLIO^{1, 2}
																	Annualized
	Purchases and								Net Increase/			Ending		Annualized			Liquidation
	Issuances³		Sales⁴			Liquidations			(Decrease)			Balance		Growth Rate			Rate

Feb 2008	$	47,723	$	(143	)	$	(26,453	)	$	21,127		$	2,132,179		12.0	%		15.0	%
Mar		54,604		(829	)		(36,265	)		17,510			2,149,689		9.9	%		20.4	%
Apr		43,287		(636	)		(34,258	)		8,393			2,158,082		4.7	%		19.1	%
May		65,064		(115	)		(31,708	)		33,241			2,191,323		18.5	%		17.6	%
Jun		53,661		(1,721	)		(41,569	)		10,371			2,201,694		5.7	%		22.8	%
Jul		34,631		(2,500	)		(24,440	)		7,691			2,209,385		4.2	%		13.3	%
Aug		25,777		(20,355	)		(22,617	)		(17,195	)		2,192,190		(9.3	)%		12.3	%
Sep		27,234		(3,454	)		(19,632	)		4,148			2,196,338		2.3	%		10.7	%
Oct		19,279		(899	)		(19,823	)		(1,443	)		2,194,895		(0.8	)%		10.8	%
Nov		26,867		(31	)		(21,712	)		5,124			2,200,019		2.8	%		11.9	%
Dec		29,799		(4,986	)		(17,356	)		7,457			2,207,476		4.1	%		9.5	%


Full-Year 2008		460,015		(35,669	)		(319,546	)		104,800			2,207,476		5.0	%		15.2	%


Jan 2009		21,709		(5,350	)		(21,527	)		(5,168	)		2,202,308		(2.8	)%		11.7	%
Feb		40,052		(734	)		(33,776	)		5,542			2,207,850		3.0	%		18.4	%


YTD 2009⁵	$	61,761	$	(6,084	)	$	(55,303	)	$	374		$	2,207,850		0.1	%		15.0	%


TABLE 2 — MORTGAGE-RELATED INVESTMENTS PORTFOLIO¹
																				Mortgage
																	Annualized			Purchase and
			Sales, net of						Net Increase/			Ending		Annualized			Liquidation			Sale
	Purchases⁶		Other Activity⁷			Liquidations			(Decrease)			Balance		Growth Rate			Rate			Agreements⁸

Feb 2008	$	7,870	$	(6,156	)	$	(9,123	)	$	(7,409	)	$	709,523		(12.4	)%		15.3	%	$	14,802
Mar		18,598		(5,150	)		(10,509	)		2,939			712,462		5.0	%		17.8	%		43,479
Apr		36,887		(696	)		(11,116	)		25,075			737,537		42.2	%		18.7	%		43,485
May		46,126		(2,218	)		(11,062	)		32,846			770,383		53.4	%		18.0	%		26,249
Jun		37,983		(5,795	)		(10,773	)		21,415			791,798		33.4	%		16.8	%		34,746
Jul		22,076		(5,775	)		(9,858	)		6,443			798,241		9.8	%		14.9	%		(324	)
Aug		4,353		(32,505	)		(9,206	)		(37,358	)		760,883		(56.2	)%		13.8	%		(15,410	)
Sep		17,373		(33,383	)		(7,997	)		(24,007	)		736,876		(37.9	)%		12.6	%		2,521
Oct		45,366		(11,097	)		(7,481	)		26,788			763,664		43.6	%		12.2	%		17,363
Nov		49,649		761			(8,647	)		41,763			805,427		65.6	%		13.6	%		14,977
Dec		21,511		(14,703	)		(7,473	)		(665	)		804,762		(1.0	)%		11.1	%		25,365


Full-Year 2008		321,310		(124,267	)		(113,094	)		83,949			804,762		11.6	%		15.7	%		207,834


Jan 2009		25,055		(22,340	)		(8,557	)		(5,842	)		798,920		(8.7	)%		12.8	%		17,027
Feb		36,621		(2,355	)		(11,150	)		23,116			822,036		34.7	%		16.7	%		3,988


YTD 2009	$	61,676	$	(24,695	)	$	(19,707	)	$	17,274		$	822,036		12.9	%		14.7	%	$	21,015

Please see Endnotes on page 4.

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TABLE 3 — MORTGAGE-RELATED INVESTMENTS PORTFOLIO COMPONENTS¹
	PCs and		Non-Freddie Mac Mortgage-Related
	Structured		Securities				Mortgage		Ending
	Securities		Agency		Non-Agency		Loans		Balance

Feb 2008	$	349,129	$	47,798	$	226,701	$	85,895	$	709,523
Mar		346,850		54,349		222,929		88,334		712,462
Apr		375,200		54,668		218,964		88,705		737,537
May		395,355		69,642		215,283		90,103		770,383
Jun		413,907		74,143		212,725		91,023		791,798
Jul		414,365		80,857		209,848		93,171		798,241
Aug		397,573		59,526		206,972		96,812		760,883
Sep		374,946		57,108		204,510		100,312		736,876
Oct		399,986		57,815		202,172		103,691		763,664
Nov		431,976		67,586		199,798		106,067		805,427
Dec		424,524		70,852		197,910		111,476		804,762

Full-Year 2008		424,524		70,852		197,910		111,476		804,762

Jan 2009		420,886		66,198		195,749		116,087		798,920
Feb		436,257		68,709		193,941		123,129		822,036

YTD 2009	$	436,257	$	68,709	$	193,941	$	123,129	$	822,036


TABLE 4 — TOTAL GUARANTEED PCs AND STRUCTURED SECURITIES ISSUED^{1, 9}
														Annualized
						Net Increase/			Ending		Annualized			Liquidation
	Issuances		Liquidations¹⁰			(Decrease)			Balance		Growth Rate			Rate

Feb 2008	$	42,968	$	(21,408	)	$	21,560		$	1,771,785		14.8	%		14.7	%
Mar		43,526		(31,234	)		12,292			1,784,077		8.3	%		21.2	%
Apr		40,779		(29,111	)		11,668			1,795,745		7.8	%		19.6	%
May		47,310		(26,760	)		20,550			1,816,295		13.7	%		17.9	%
Jun		43,981		(36,473	)		7,508			1,823,803		5.0	%		24.1	%
Jul		21,712		(20,006	)		1,706			1,825,509		1.1	%		13.2	%
Aug		22,072		(18,701	)		3,371			1,828,880		2.2	%		12.3	%
Sep		21,994		(16,466	)		5,528			1,834,408		3.6	%		10.8	%
Oct		13,803		(16,994	)		(3,191	)		1,831,217		(2.1	)%		11.1	%
Nov		14,514		(19,163	)		(4,649	)		1,826,568		(3.0	)%		12.6	%
Dec		15,722		(15,052	)		670			1,827,238		0.4	%		9.9	%

Full-Year 2008		357,861		(269,456	)		88,405			1,827,238		5.1	%		15.5	%

Jan 2009		16,277		(19,241	)		(2,964	)		1,824,274		(1.9	)%		12.6	%
Feb		29,815		(32,018	)		(2,203	)		1,822,071		(1.4	)%		21.1	%

YTD 2009⁵	$	46,092	$	(51,259	)	$	(5,167	)	$	1,822,071		(1.7	)%		16.8	%


TABLE 5 — DEBT ACTIVITIES¹¹
	Original Maturity< 1 Year		Original Maturity > 1 Year
					Maturities						Foreign
	Ending				and						Exchange			Ending		Total Debt
	Balance		Issuances		Redemptions			Repurchases			Translation			Balance		Outstanding

Feb 2008	$	200,541	$	27,343	$	(32,944	)	$	(21	)	$	330		$	568,694	$	769,235
Mar		201,961		46,916		(16,864	)		—			647			599,393		801,354
Apr		232,590		29,507		(31,194	)		(1,721	)		(269	)		595,716		828,306
May		239,226		33,322		(17,768	)		(1,986	)		(28	)		609,256		848,482
Jun		243,557		36,603		(19,330	)		(779	)		209			625,959		869,516
Jul		246,316		13,944		(6,657	)		(5,103	)		(148	)		627,995		874,311
Aug		228,635		7,164		(7,312	)		(2,584	)		(858	)		624,405		853,040
Sep		224,230		5,037		(37,278	)		(796	)		(658	)		590,710		814,940
Oct		282,601		10,432		(12,903	)		(1,068	)		(1,306	)		585,865		868,466
Nov		305,481		2,809		(8,108	)		(30	)		8			580,544		886,025
Dec		330,902		10,777		(49,265	)		(3,808	)		1,126			539,374		870,276

Full-Year 2008		330,902		244,313		(268,038	)		(17,954	)		(710	)		539,374		870,276

Jan 2009		352,212		34,134		(36,968	)		(15	)		(1,008	)		535,517		887,729
Feb		373,285		38,276		(33,467	)		(21	)		(107	)		540,198		913,483

YTD 2009	$	373,285	$	72,410	$	(70,435	)	$	(36	)	$	(1,115	)	$	540,198	$	913,483

Please see Endnotes on page 4.

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TABLE 6 — DELINQUENCIES¹²
	Single-Family									Multifamily
	Non-Credit			Credit
	Enhanced			Enhanced			Total			Total

Feb 2008		0.52	%		1.78	%		0.74	%		0.01	%
Mar		0.54	%		1.81	%		0.77	%		0.01	%
Apr		0.57	%		1.88	%		0.81	%		0.03	%
May		0.61	%		1.98	%		0.86	%		0.03	%
Jun		0.67	%		2.10	%		0.93	%		0.04	%
Jul		0.72	%		2.30	%		1.01	%		0.03	%
Aug		0.79	%		2.50	%		1.11	%		0.02	%
Sep		0.87	%		2.75	%		1.22	%		0.01	%
Oct		0.96	%		3.04	%		1.34	%		0.01	%
Nov		1.09	%		3.41	%		1.52	%		0.01	%
Dec		1.26	%		3.79	%		1.72	%		0.01	%

Jan 2009		1.46	%		4.31	%		1.98	%		0.03	%
Feb		1.60	%		4.54	%		2.13	%		0.08	%


TABLE 7 — OTHER INVESTMENTS
	Ending
	Balance¹³

Feb 2008	$	48,838
Mar		73,804
Apr		78,320
May		70,846
Jun		71,687
Jul		68,697
Aug		84,064
Sep		68,590
Oct		94,793
Nov		79,119
Dec		64,270

Full-Year 2008		64,270

Jan 2009		94,311
Feb		98,611

YTD 2009	$	98,611


TABLE 8 — INTEREST-RATE RISK SENSITIVITY DISCLOSURES¹⁴
	Portfolio Market Value-				Portfolio Market Value-
	Level				Yield Curve				Duration Gap
	(PMVS-L) (50bp)				(PMVS-YC) (25bp)
	(dollars in millions)				(dollars in millions)				(Rounded to Nearest Month)
	Monthly		Quarterly		Monthly		Quarterly		Monthly		Quarterly
	Average		Average		Average		Average		Average		Average

Feb 2008	$	331		—	$	55		—		0		—
Mar		437		403		41		50		1		0
Apr		571		��		20		—		1		—
May		576		—		202		—		0		—
Jun		390		513		49		90		0		0
Jul		348		—		42		—		0		—
Aug		271		—		81		—		0		—
Sep		395		338		87		70		0		0
Oct		354		—		34		—		0		—
Nov		394		—		65		—		0		—
Dec		260		332		149		84		1		0

Full-Year 2008		397		—		73		—		0		—

Jan 2009		102		—		90		—		0		—
Feb		447		—		44		—		1		—

YTD 2009	$	270		—	$	68		—		1		—

Please see Endnotes on page 4.

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ENDNOTES


(1)	The activity and balances set forth in these tables represent contractual amounts of unpaid principal balances, which are measures that differ from the balance of the mortgage-related investments portfolio as calculated in conformity with GAAP, and exclude mortgage-related securities traded, but not yet settled. The mortgage-related investments portfolio amounts set forth in this report exclude premiums, discounts, deferred fees and other basis adjustments, the allowance for loan losses on mortgage loans held-for-investment, and unrealized gains or losses on mortgage-related securities that are reflected in our mortgage-related investments portfolio under GAAP.
(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 Purchases and Issuances (Table 1) is defined as mortgage-related investments portfolio purchases (Table 2) plus total guaranteed PCs and Structured Securities issuances (Table 4) less purchases into the mortgage-related investments portfolio. Purchases of Freddie Mac PCs and Structured Securities into the mortgage-related investments portfolio totaled $26,384 million (based on unpaid principal balance) during the month of February 2009.
(4)	Includes sales of non-Freddie Mac mortgage-related securities and multifamily mortgage loans from our mortgage-related investments portfolio. Excludes the transfer of single-family mortgage loans through transactions that qualify as sales and all transfers through swap-based exchanges.
(5)	Issuances and liquidations for the two months ended February 28, 2009 include approximately $0.7 billion of conversions of previously issued long-term standby commitments into either PCs or Structured Transactions. These conversion amounts, based on the unpaid principal balance of the single-family mortgage loans, are included in liquidations, representing the termination of the original agreement and, in the same month, are included in issuances, representing the new securities issued. Excluding these conversions, the amount of our issuances for the two months ended February 28, 2009 would have been $45.4 billion in Table 4 and the liquidation rates for the two months ended February 28, 2009 in Tables 1 and 4 would have been 14.8% and 16.6%, respectively. As of February 28, 2009, the ending balance of our PCs and Structured Securities, excluding outstanding long-term standby commitments, would have been $1,813 billion in Table 4.
(6)	Single-family mortgage loans purchased for cash are reported net of transfers of such mortgage loans through transactions that qualify as sales under GAAP as well as all transfers through swap-based exchanges.
(7)	See Endnote 4. Also includes: (a) net additions to our mortgage-related investments portfolio for delinquent mortgage loans purchased out of PC pools, (b) balloon reset mortgages purchased out of PC pools and (c) transfers of PCs and Structured Securities from our mortgage-related investments portfolio reported as sales.
(8)	Mortgage purchase and sale agreements reflects trades entered into during the month and includes: (a) monthly commitments to purchase mortgage-related securities for our mortgage-related investments portfolio offset by monthly commitments to sell mortgage-related securities out of our mortgage-related investments 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 and sale agreements 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.
(9)	Includes PCs, Structured Securities and tax-exempt multifamily housing revenue bonds for which we provide a guarantee, as well as credit-related commitments with respect to single-family mortgage loans held by third parties. Excludes Structured Securities where we have resecuritized our PCs and Structured Securities. Resecuritized 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. Notional balances of interest-only strips are excluded because this table is based on unpaid principal balance. Some of the excluded REMICs are modifiable and combinable REMIC tranches, where the holder has the option to exchange the security tranches for other pre-defined security tranches. Additional information concerning our guarantees issued through resecuritization can be found in our Annual Report on Form 10-K, dated March 11, 2009.
(10)	Represents principal repayments relating to PCs and Structured Securities including those backed by non-Freddie Mac mortgage-related securities and relating to securities issued by others and single-family mortgage loans held by third parties that we guarantee. Also includes our purchases of delinquent mortgage loans and balloon reset mortgage loans out of PC pools.
(11)	Represents the combined balance and activity of our senior and subordinated debt based on the par values of these liabilities.
(12)	Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure as of period end while multifamily delinquencies are based on net carrying value of mortgages 90 days or more delinquent or in foreclosure as of period end. Delinquency rates presented in Table 6 exclude mortgage loans underlying Structured Transactions and PCs backed by Ginnie Mae Certificates as well as mortgage loans whose original contractual terms have been modified under an agreement with the borrower as long as the borrower is less than 90 days delinquent under the modified contractual terms. Structured Transactions typically have underlying mortgage loans with a variety of risk characteristics. Many of these Structured Transactions have security-level credit protections from losses in addition to loan-level credit protection that may also exist. Additional information concerning Structured Transactions can be found in our Annual Report on Form 10-K, dated March 11, 2009.

The unpaid principal balance of our single-family Structured Transactions at February 28, 2009 was $23.0 billion, representing approximately 1% of our total mortgage portfolio. Included in this balance is $5.1 billion that are backed by subordinated securities, including $1.8 billion of these that are secured by FHA/VA loans, for which those agencies provide recourse for 100% of the qualifying losses associated with the loan. Structured Transactions backed by subordinated securities benefit from credit protection from the related subordinated tranches, which we do not purchase. The remaining $17.9 billion of our Structured Transactions as of February 28, 2009 are single-class, or pass-through securities, including $10.6 billion of option ARMs, which do not benefit from structural or other credit enhancement protections. The delinquency rate for our single-family Structured Transactions was 7.99% at February 28, 2009. The total single-family delinquency rate including our Structured Transactions was 2.25% at February 28, 2009. Below are the delinquency rates of our Structured Transactions:

Structured Transactions securitized by: subordinated securities, including FHA/VA guarantees 19.8%; option ARM pass-through securities 10.8%; other pass-through securities 0.4%.

Previously reported delinquency data is subject to change to reflect currently available information. 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 “total” delinquency rates.


(13)	Other Investments ending balance consists of our cash and investments portfolio, which as of February 28, 2009 includes; $57.1 billion of cash and cash equivalents; $28.5 billion of securities purchased under agreements to resell and federal funds sold; and $13.0 billion of non-mortgage investments. Non-mortgage investments within this balance are presented at fair value.
(14)	Our PMVS and duration gap measures provide useful estimates of key interest-rate risk and include the impact of our purchases and sales of derivative instruments, which we use to limit our exposure to changes in interest rates. Our PMVS measures are estimates of the amount of average potential pre-tax loss in the market value of our net assets due to parallel (PMVS-L) and non-parallel (PMVS-YC) changes in London Interbank Offered Rates (LIBOR). While we believe that our PMVS and duration gap metrics 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 the underlying estimation processes.




		A glossary of selected Monthly Volume Summary terms is available on the Investor Relations page of our website, 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(703) 903-3883 or writing to:
		8200 Jones Branch Drive, Mail Stop 486,
		McLean, VA22102-3110
		or sending an email to shareholder@freddiemac.com.

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Federal Home Loan Mortgage (FMCC) 8-KRegulation FD Disclosure