Workforce Housing MBS

Freddie Mac’s mission is to provide liquidity, stability and affordability to the U.S. housing market. Our Charter requires us to promote access to mortgage credit throughout the nation and serve low- and moderate-income households through our secondary market activities for residential mortgages. As part of this Mission Freddie Mac has a number of Affordable Housing programs and introduced Social MBS to help support low- and moderate-income households achieve homeownership.

However, these programs may miss some parts of the market. For example, middle income households may earn too much to qualify for our affordable housing programs and yet may still struggle with the cost of living.

Workforce Housing Bonds

With the end goal of being able to offer more support to this market segment, often referred to as the “Missing Middle,” Freddie Mac is testing a new type of UMBS/MBS pool issuance, Workforce housing MBS, focused on borrowers in public service professions. These securities will be backed by loans made to police officers, fire fighters, teachers, social workers, nurses and paramedics.

Pooling will be limited to loans to borrowers earning up to 120% of Area Median Income. Borrower occupation is ascertained from information entered on the loan application.

Workforce housing MBS have not been designed to satisfy the social, affordable, sustainable or other “social” criteria of any third-party framework or principles. Accordingly, we cannot assure you that workforce housing MBS will be suitable for any particular “social,” “affordable,” “sustainable” or other similarly-designated investment objective, mandate or strategy.

Please see our UMBS and MBS Offering Circular for more information on the risks of an investment in UMBS and MBS, including workforce housing MBS.

The list below highlights the latest workforce housing MBS issued by Freddie Mac.

This is not an offer to buy or sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC); all other reports Freddie Mac files with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act), excluding any information “furnished” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.

The financial and other information contained on this page and in the documents that may be accessed on this page is not incorporated by reference into, or a part of, any offering documents of any security. The information does not constitute a sufficient basis for making a decision with respect to the purchase and sale of any security and is directed only at, and is intended for distribution to and use by, qualified persons or entities in jurisdictions where such distribution and use is permitted and would not be contrary to law or regulation. All information regarding or relating to Freddie Mac securities is qualified in its entirety by the relevant offering circular and any related supplements. You should review the relevant offering circular and any related supplements before making a decision with respect to the purchase or sale of any security. In addition, before purchasing any security, please consult your legal and financial advisors for information about and analysis of the security, its risks and its suitability as an investment in your particular circumstances.

These materials may contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s most recent Annual Report on Form 10-K and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s website at https://www.freddiemac.com/investors and at the SEC’s website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this page.