1% in December.9%
Oct 14,756 957,644 18 .3%
Nov 7,478 965,122 9.71% 0.72% 0.30 % 0.

jun graphite

Anil Khatod is a telecommunications and networking veteran who
joined AirDefense in December 2003 and aided in bringing AirDefense to
the forefront of the wireless LAN intrusion prevention security
market. This includes
Information Technology, Knowledge Management, Modeling and Simulation
(M+S), and Engineering Operations.

About AirDefense, Inc.4%

Jan 2005 $9,848 $1,515,054 7.8% 27.3% 22.05%
Apr 0.38% 0.

(7) Excludes Structured Securities where we have resecuritized PCs and
other previously issued Structured Securities.

jun stakeholders

Under his leadership, Nortel's Optical business grew to over $10
billion in revenue.

* Total Guaranteed PCs and Structured Securities Issued have increased
at an annualized rate of 10.4 billion in November.com.0% 26.22% 2.00%
Sep 0.

(4) Mortgage loans that are purchased through our Cash Window are
reported net of sales through auctions in the form of issued PCs. (See Endnote 13 for more
information.

vrst populating

AirDefense's enterprise-class products scale to support
everything from single offices to organizations with hundreds of
locations.
For more information , please visit http://www.5% year-to-date and 18.9% 26.6%
Sep 16,447 942,888 21.3% 23. 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.

vr iadis

Since the
initial deployment of AirDefense, J9 has been able to expand their
deployment and confidently identify and prevent unauthorized wireless
devices from entering their network.9 billion in November.7% 15,668
Jun 665,003 (5.9% 15,922
Jul 660,035 (9.9%

YTD 2005 $397,867 ($271,311) $126,556 $1,335,524(9) 10.

(13) Includes delinquencies on mortgage loans where we have transferred
primary or full default risk to third parties, as well as Structured
Securities backed by alternative collateral deals.

dec siggraph

* Retained portfolio purchases increased to $36.
The Monthly Volume Summary includes volume and statistical data pertaining
to our portfolios.8% 25.5%
Dec 26,337 1,684,217 19.62% 0.61% 0. Includes
prepayment activity and delinquent mortgage loans and balloon reset
mortgage loans purchased out of PC pools.

ieee populating

The J9 deployed a wireless network nearly two years ago to
research the benefit wireless could have on their network. The company's products provide the most advanced
solutions for rogue wireless detection, policy enforcement and
intrusion protection both inside and outside an organization's four
walls.net or call
(770) 663-8115.2 billion in December,
from $32.

* Structured securitizations were $13.0%
Aug 21,185 1,604,205 16.24% 2.06%(14)

TABLE 8 - INTEREST-RATE RISK SENSITIVITY DISCLOSURES (15)

Portfolio Market Portfolio Market
Value Level Value Yield Curve Duration Gap
(PMVS-L)(50bp)(16) (PMVS-YC)(25 bp )(16) (in months)(17)

Monthly Quarterly Monthly Quarterly Monthly Quarterly
Average Average Average Average Average Average

Full Year
2004 2% -- 0% -- 0 --

Jan 2005 2% -- 0% -- 0 --
Feb 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

YTD 2005 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. Methodologies employed to
calculate Interest-Rate Risk Sensitivity Disclosures are periodically
changed on a prospective basis to reflect improvements in underlying
estimation processes.

(16) Rounded to the nearest percent.

99 reality

AirDefense and Department of Defense to Present at The 2005 Mobile and Wireless Security Solutions Conference

The conference is being held at the
Executive Conference Center NRECA Headquarters Building in Arlington,
VA and will enable corporate decision makers and IT managers to
protect their wireless networks and mobile devices from wireless and
mobile security threats.

* Single-family non-credit enhanced delinquency rate was 29 basis points
in November, up from 23 basis points in the prior month, primarily as
a result of hurricane Katrina.

A glossary of selected Monthly Volume Summary terms is available on the
Investor Relations page of our website, http://www.1% 29.2%

YTD 2005 $179,011 $1,684 ,217 11.7% $232,742

TABLE 3 - TOTAL GUARANTEED PCs AND STRUCTURED SECURITIES ISSUED (1, 7)

Net
Increase/ Ending Annualized
Issuances Liquidations(8) (Decrease ) Balance Growth Rate

Full Year
2004 $365,108 ($318,208) $46,900 $1,208,968 4.5%
Dec 9,078 974,200 11.06%

Jan 2005 0.09%
Feb 0.22% 2.

(9) Includes, as of December 31 , 2005, (a) $6 billion that pertain to our
guarantee of the payment of principal and interest on (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 of single-family mortgage loans held by third parties
for which we provide a credit guarantee.

(10) Includes activity where we have resecuritized PCs and other
previously issued Structured Securities related to multi -class
Structured Securities, primarily REMICs as well as principal-only
stripped securities and other Structured Securities backed by non-
Freddie Mac mortgage-related securities .

acm ntu

2% N/A

Jan 2005 $646,925 (11.72% 0.

feb sep

(unaudited + subject to change)

(dollars in millions)

MCLEAN, Va., The following is being
issued by Freddie Mac (NYSE: FRE):

December 2005 Highlights:

* Total mortgage portfolio has increased at an annualized rate of 11.5 % 23.6%) 28.9% 27.7% 28.2%
Feb 1,661 869,790 2.8% 21.67% 0.63% 0.68% 0. 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.

Academic and commercial conferences in Computer Graphics,
specifically those with a VR and collaborative VR focus.

reality dec

Khatod is widely known for his
achievements as a senior executive with Nortel Networks where in his
final position he served as Chief Marketing and Strategy Officer.5%
Mar 6,065 1,530,037 4.9% 17,114
Oct 678,178 (11.6% 15,631
Nov 692,758 25.8% 29.3%
Aug 3,456 926,441 4.73% 0.42% 0.

sep 99

FreddieMac.7%
Feb 8,918 1,523,972 7.59 % 0. In some instances, commitments may settle during the same
period in which we have entered into the related commitment.

(8) Represents liquidations of all PCs and Structured Securities backed
by non-Freddie Mac mortgage-related securities and other credit
guarantees of mortgage loans held by third parties.

acm jun

Derek Krein, J9 security and wireless engineer, and Tony Cerri, J9
experimentation engineering department lead of JFCOM, will discuss the
challenges the DoD faced and how they securely deployed and maintained
the agency's WLAN.9% 25.6%
Jun 29,917 (25,910) 4,007 1,250,659 3.5%
Sep 43,002 (23,555) 19,447 1,284,393 18.8% 21.1%
May 13,493 899,785 18.05%
May 0.34% 0.29% 2.

graphite storytelling

Tony Cerri and Derek Krein are responsible for the technical
support to all J9 experiments and environments.9% in December.2 billion in December, down from
$16.8%
May 33,654 (21,693) 11,961 1,246,652 11.5% 28.24% 2.22% 2.01%
Jul 0. 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. These amounts exclude
resecuritizations of PCs into single-class securities.

(17) Rounded to the nearest month .

siggraph apr

* Retained portfolio Mortgage Purchase Agreements, Net totaled $19.

TABLE 1 - TOTAL MORTGAGE PORTFOLIO(1, 2)

Non-Freddie Mac
Mortgage-Related
New Business Security Sales +
Purchases(3) Other Activity Liquidations

Full Year 2004 $494,588 ($2,752) ($401,029)

Jan 2005 $35,888 ($59) ($25,981)
Feb 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 )

YTD 2005 $581,933 ($18,248) ($384,674)

Net Annualized
Increase / Ending Annualized Liquidation
(Decrease) Balance Growth Rate Rate

Full Year 2004 $90,807 $1,505,206 6.0%
Oct 8,404 1,635,822 6.2% 28.6% 20,260
May 668,137 11.0%) 31.4%
Oct 34,986 (22,280) 12,706 1,297,099 11.5%

TABLE 4 - RETAINED PORTFOLIO COMPONENTS(1)

Non-Freddie Mac Mortgage- Retained
Related Securities Portfolio
Freddie Mac Mortgage Ending
PCs Agency Non-Agency Loans Balance

Full Year
2004 $356,698 $59,715 $175,163 $61,360 $652,936

Jan 2005 $349,124 $58,525 $177,493 $61,783 $646,925
Feb 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

YTD 2005 $361,324 $44,626 $242,586 $61,481 $710,017

TABLE 5 - Multi-Class Structured Securitization Activity(10)

Structured
Securitizations Activity

Full Year 2004 $215,430

Jan 2005 $16,171
Feb 22,993
Mar 16,816
Apr 14,643
May 15,829
Jun 13,056
Jul 25,745
Aug 20,342
Sep 13,296
Oct 19,907
Nov 16,400
Dec 13,245

YTD 2005 $208,443

TABLE 6 - OUTSTANDING GUARANTEED PCs AND STRUCTURED SECURITIES(1, 11)

PC Purchases PC Sales From
Into Retained Retained
PC Issuances Portfolio Portfolio Liquidations(12)

Full Year 2004 $365,108 ($96,235) $38,601 ($224,137)

Jan 2005 $26,135 ($4,735) $7,390 ($12,931)
Feb 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)

YTD 2005 $397,867 ($136,487) $62,625 ($202,075)

Annualized Growth Annualized
Net Increase/ Rate on Total Liquidation
(Decrease) Ending Balance PCs, net Rate

Full Year 2004 $83,337 $852,270 10.7%

TABLE 7 - DELINQUENCIES (13)

Single-Family (90 days or more delinquent) Multifamily

Non Credit Credit (60 days or
Enhanced Enhanced All Loans more delinquent)

Dec 2004 0.22% 2.

pittsburg i3d

1%) 29.8% 28.3% 19,002

YTD 2005 $710,017 8.2%
Feb 25,081 (19,069) 6,012 1,223,265 5.5% 26.09%
Mar 0.26% 0.60% 0.

vrst feb

Khatod, Krein and Cerri will
answer questions following the presentation.7% year-
to-date and increased at an annualized rate of 29.9% 20.8 %
Apr 18,318 1,548,355 14.6%

TABLE 2 - RETAINED PORTFOLIO (1)

Sales, net
Retained of Other Net Increase/
Purchases(4) Activity(5) Liquidations (Decrease)

Full Year 2004 $225,715 ($36,515) ($181,730) $7,470

Jan 2005 $14,488 ($7,042) ($13,457) ($6,011)
Feb 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

YTD 2005 $320,553 ($76,398) ($187,074) $57,081

Mortgage
Annualized Purchase
Ending Annualized Liquidation Agreements,
Balance Growth Rate Rate Net(6)

Full Year 2004 $652,936 1.8% 26,938
Dec 710,017 29.6%
Jun 14,641 914,426 19.0%
Jul 8,559 922,985 11.00%
Aug 0.01%
Nov 0.

(2) Total mortgage portfolio (Table 1) is defined as Total Guaranteed PCs
And Structured Securities Issued (Table 3) plus the sum of mortgage
loans (within Table 4) and non-Freddie Mac mortgage-related
securities (Agency and Non-Agency) (within Table 4).

storytelling populating

Because of
the sensitive nature of their work, they turned to AirDefense for
wireless security and monitoring of their network data.

* Portfolio market value sensitivity (PMVS-L) averaged 1% in December,
unchanged from November; our duration gap averaged 0 months in
December, unchanged from November. 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.6%
Jun 11,507 1,579,429 8.2 % 24.7% $11,988
Feb 654,182 13.3% 19.70% 0.56% 0.
Additional information concerning "Credit Guarantee Activities -
Guarantees Issued Through Resecuritization" can be found in our
Information Statement dated June 14, 2005.)

(15) Our PMVS and Duration Gap measures provide useful estimates of key
interest-rate risk exposures.

dec siggraph

Freddie Mac Monthly Volume Summary: December 2005

2 % 23.0%
Jul 3,591 1,583,020 2.7%
Sep 23,213 1,627,418 17.0% 10,763
Aug 677,764 32.0%

Jan 2005 $26,135 ($17,850) $8,285 $1,217,253 8.9%
Nov 37,837 (20,157) 17,680 1,314,779 16.1%

Jan 2005 $15 ,859 $868,129 22.23% 2. 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.

(12) Liquidations include prepayment activity and delinquent mortgage
loans and balloon reset mortgage loans purchased out of PC pools and
exclude liquidations on PCs and Structured Securities backed by non-
Freddie Mac mortgage -related securities held in the Retained
portfolio. 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.

siggraph ntu

Founded in 2001 , AirDefense is based in Alpharetta, GA and
services hundreds of government agencies and blue chip corporations.4% 28.1% 20.7%
May 19,567 1,567,922 15.0%) 24.2%
Aug 40,883 (28,847) 12,036 1,264,946 11.37% 0.61% 0.00%
Oct 0. 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.

(14) Hurricane Katrina has not affected our reported multifamily
delinquency rate because the contractual terms of the affected
mortgage loans have been modified.

stakeholders storytelling

Khatod will discuss the most common wireless LAN
risks and the need for wireless security.9% in December.4% 23.1% 13,291
Mar 656,720 4.0% 30.4%
Apr 32,043 (21,059) 10,984 1,234,691 10.9%
Jul 28,633 (26,382) 2,251 1,252,910 2.3% 18.2% 26.5%

YTD 2005 $121,930 $974,200 14.

intuition graphite

9%
year-to-date and 19.8% 27.5%
Nov 22,058 1 ,657,880 16.2% 22.9% 34,167
Sep 684,530 12.4% 18.47% 0.

storytelling dec

Prior to joining AirDefense he was a partner at the venture
capital firm Atlas Venture.6 billion in November.0
billion in December, down from $26.4% 26.2%
Mar 3,527 873,317 4.3% 17.75% 0.05%
Jun 0.

(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.

intuition feb

AirDefense is the market leader in anywhere , anytime wireless
intrusion prevention.airdefense.

* Retained portfolio has increased at an annualized rate of 8.7% 28.7% 25.2% 31.9%
Mar 25 ,912 (25,470) 442 1,223,707 0.3% 21.22% 2.21% 2.28 % 0.

(3) Total mortgage portfolio New Business Purchases (Table 1) is defined
as Retained Portfolio Purchases (Table 2) plus Total Guaranteed PC
and Structured Securities Issuances (Table 3) less PC Purchases Into
Retained Portfolio (Table 6).

(6) Mortgage Purchase Agreements, Net 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 and (b) the net amount of monthly mortgage
loan purchases and sales agreements.

populating apr

Business Editors/Technology Editors
Mobile and Wireless Security Solutions Conference

ATLANTA----AirDefense, the leader in
anywhere, anytime wireless security, today announced that President
and CEO Anil Khatod and members of the Department of Defense's (DoD)
Joint Forces Command Joint Experimentation Directorate team will speak
at the Mobile and Wireless Security Solutions Conference on Wednesday,
May 4, 2005, at 12:30 p.com/investors.1% 21.9% 31,998
Apr 662,063 9.4%
Dec 39,784 (19,039) 20,745 1,335,524 18.3%
Apr 12,975 886,292 17.24% 2.21% 2.60% 0. 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 for which we expect to take or make delivery of the
securities.

(11) Represents guaranteed PCs and Structured Securities held by third
parties. While we believe that PMVS and Duration
Gap are useful risk management tools, they should be understood as
estimates rather than precise measurements .

jun graphite

jun stakeholders

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vr iadis

dec siggraph

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99 reality

AirDefense and Department of Defense to Present at The 2005 Mobile and Wireless Security Solutions Conference

acm ntu

feb sep

Academic and commercial conferences in Computer Graphics, specifically those with a VR and collaborative VR focus.

reality dec

sep 99

acm jun

graphite storytelling

siggraph apr

pittsburg i3d

vrst feb

storytelling populating

dec siggraph

Freddie Mac Monthly Volume Summary: December 2005

siggraph ntu

stakeholders storytelling

intuition graphite

storytelling dec

intuition feb

populating apr

i3d reality

Academic and commercial conferences in Computer Graphics,
specifically those with a VR and collaborative VR focus.