Freddie Mac Statement on Foreclosure Processing Issues

McLean, VA – October 4, 2010 – (RealEstateRama) — The following statement was issued today by Bruce Witherell, Chief Operating Officer for Freddie Mac (OTC:FMCC).

“Freddie Mac is deeply concerned about recent reports that there may be affidavits that were improperly executed in connection with foreclosures. The alleged practices in these reports are clearly not in compliance with Freddie Mac’s guidelines and directives to its servicers


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Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters

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(703) 903-3933

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