Freddie Mac Names Amato Vice President, Finance

Apr 02, 2001, 01:00 ET from Freddie Mac

    MCLEAN, Va., April 2 /PRNewswire/ -- Freddie Mac (NYSE:   FRE) today
 announced that Joseph E. Amato has been named the corporation's Vice President
 of Finance. In this capacity, Amato will be responsible for financial
 planning, as well as shareholder relations.
     "Joe brings a thorough understanding of our business, strong financial
 communications skills and significant expertise in the mortgage business that
 will sharpen Freddie Mac's financial capabilities and enhance shareholder
 value," said Vaughn Clarke, Freddie Mac Executive Vice President and Chief
 Financial Officer.
     Amato, a mortgage industry veteran, most recently served as CEO of his own
 company, NextFinance, Inc., a mortgage product development firm. He earlier
 served in a variety of increasingly responsible roles at Fannie Mae, including
 Vice President of Financial Transactions and of Portfolio Strategy.  During
 his career at Fannie Mae, Amato led the company's portfolio risk management
 activities, financial forecasting function, and risk-based capital efforts. He
 also worked on regulatory policy issues and was part of the company's Treasury
 team.
     Amato earned an M.B.A. in finance from George Washington University in
 Washington, D.C. and a B.S. in business administration from the University of
 Maryland.
 
     Freddie Mac is a stockholder-owned corporation established by Congress in
 1970 to support homeownership and rental housing.  Freddie Mac purchases
 single-family and multifamily residential mortgages and mortgage-related
 securities, which it finances primarily by issuing mortgage passthrough
 securities and debt instruments in the capital markets.  Over the years,
 Freddie Mac has opened doors for one in six homebuyers and more than two
 million renters in America.
 
 

SOURCE Freddie Mac
    MCLEAN, Va., April 2 /PRNewswire/ -- Freddie Mac (NYSE:   FRE) today
 announced that Joseph E. Amato has been named the corporation's Vice President
 of Finance. In this capacity, Amato will be responsible for financial
 planning, as well as shareholder relations.
     "Joe brings a thorough understanding of our business, strong financial
 communications skills and significant expertise in the mortgage business that
 will sharpen Freddie Mac's financial capabilities and enhance shareholder
 value," said Vaughn Clarke, Freddie Mac Executive Vice President and Chief
 Financial Officer.
     Amato, a mortgage industry veteran, most recently served as CEO of his own
 company, NextFinance, Inc., a mortgage product development firm. He earlier
 served in a variety of increasingly responsible roles at Fannie Mae, including
 Vice President of Financial Transactions and of Portfolio Strategy.  During
 his career at Fannie Mae, Amato led the company's portfolio risk management
 activities, financial forecasting function, and risk-based capital efforts. He
 also worked on regulatory policy issues and was part of the company's Treasury
 team.
     Amato earned an M.B.A. in finance from George Washington University in
 Washington, D.C. and a B.S. in business administration from the University of
 Maryland.
 
     Freddie Mac is a stockholder-owned corporation established by Congress in
 1970 to support homeownership and rental housing.  Freddie Mac purchases
 single-family and multifamily residential mortgages and mortgage-related
 securities, which it finances primarily by issuing mortgage passthrough
 securities and debt instruments in the capital markets.  Over the years,
 Freddie Mac has opened doors for one in six homebuyers and more than two
 million renters in America.
 
 SOURCE  Freddie Mac

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