TABLE 1 - TOTAL MORTGAGE PORTFOLIO

Dec 2015 $34,028 ($1,072) ($23,270) $9,686 $1,941,587 6.0 14.5% %

Full-Year 2015 402,010 (24,445) (346,084) 31,481 1,941,587 1.6% 18.1%

Jan 2016 28,965 (218) (26,225) 2,522 1,944,109 1.6% 16.2%Feb 26,034 (1,384) (21,738) 2,912 1,947,021 1.8% 13.4%Mar 31,776 (1,626) (21,768) 8,382 1,955,403 5.2% 13.4%Apr 30,478 (3,638) (28,726) (1,886) 1,953,517 (1.2%) 17.6%May 35,684 (3,678) (27,861) 4,145 1,957,662 2.5% 17.1%Jun 37,196 (3,024) (31,029) 3,143 1,960,805 1.9% 19.0%Jul 38,246 (1,100) (31,906) 5,240 1,966,045 3.2% 19.5%Aug 45,882 (2,428) (29,987) 13,467 1,979,512 8.2% 18.3%Sep 45,015 (2,159) (38,366) 4,490 1,984,002 2.7% 23.3%Oct 41,540 (478) (36,006) 5,056 1,989,057 3.1% 21.8%Nov 42,732 (901) (36,093) 5,738 1,994,796 3.5% 21.8%Dec 52,706 (2,464) (33,624) 16,618 2,011,414 10.0% 20.2%YTD 2016 $456,254 ($23,098) ($363,329) $69,827 $2,011,414 3.6% 18.7%

TABLE 2 - MORTGAGE-RELATED INVESTMENTS PORTFOLIO TABLE 3 - MORTGAGE-RELATED INVESTMENTS PORTFOLIO COMPONE

Agency Non-Agency

Dec 2015 $25,041 ($18,017) ($5,086) $346,911 6.7% 17.7% Dec 2015 $147,824 $12,970 $40,453 

Full-Year 2015 230,256 (223,869) (67,890) 346,911 (15.1%) 16.6% Full-Year 2015 147,824 12,970 40,453 

Jan 2016 20,835 (11,577) (6,545) 349,624 9.4% 22.6% Jan 2016 150,092 12,807 37,872 

Feb 17,369 (15,776) (4,545) 346,672 (10.1%) 15.6% Feb 150,699 12,711 37,439 

Mar 21,514 (23,777) (4,550) 339,859 (23.6%) 15.7% Mar 147,909 12,446 36,252 

Apr 22,645 (24,710) (4,287) 333,507 (22.4%) 15.1% Apr 147,779 12,149 34,170 

May 22,425 (25,870) (4,058) 326,004 (27.0%) 14.6% May 144,532 11,703 32,207 

Jun 25,792 (25,888) (5,235) 320,673 (19.6%) 19.3% Jun 143,836 11,211 30,818 

Jul 24,209 (21,417) (4,205) 319,260 (5.3%) 15.7% Jul 146,093 10,871 29,618 

Aug 29,176 (31,941) (4,277) 312,218 (26.5%) 16.1% Aug 138,799 10,649 27,757 

Sep 27,572 (27,156) (4,521) 308,114 (15.8%) 17.4% Sep 141,971 10,015 25,954 

Oct 26,472 (21,230) (4,038) 309,318 4.7% 15.7% Oct 142,469 9,718 25,342 

Nov 25,693 (26,681) (4,466) 303,864 (21.2%) 17.3% Nov 142,982 9,532 24,459 

Dec 37,087 (37,544) (4,981) 298,426 (21.5%) 19.7% Dec 136,184 11,771 22,922 

YTD 2016 $300,789 ($293,567) ($55,708) $298,426 (14.0%) 16.1% YTD 2016 $136,184 $11,771 $22,922 

Monthly Volume Summary: December 2016

(unaudited & subject to change)

(dollars in millions)

Liquidations

Net Increase/ 

(Decrease)

Purchases or 

Issuances Sales Ending Balance

Annualized Growth 

Rate 

Annualized 

Liquidation 

Rate

Purchases1 Sales Ending Balance 2

Annualized 

Liquidations Liquidation Rate

Annualized Growth 

Rate

Freddie Mac 

Mortgage-Related 

Securities

Non-Freddie Mac Mortgage-Related 

Securities

December 2016 Highlights:► The total mortgage portfolio increased at an annualized rate of 10.0% in Dece► Single-family refinance-loan purchase and guarantee volume was $23.3 billion total single-family mortgage portfolio purchases and issuances. Relief refinance m4% of our total single-family refinance volume during December.► Total number of single-family loan modifications were 3,672 in December 2016 ended December 31, 2016.► The aggregate unpaid principal balance (UPB) of our mortgage-related investapproximately $5.4 billion in December.► Freddie Mac mortgage-related securities and other mortgage-related guarante10.0% in December.► Our single-family seriously delinquent rate decreased from 1.03% in Novembemultifamily delinquency rate increased from 0.01% in November to 0.03% in Dec► The measure of our exposure to changes in portfolio market value (PMVS-L) aDuration gap averaged 0 months. ► Since September 2008, Freddie Mac has been operating in conservatorship, wAgency (FHFA) acting as Conservator. 

See Endnotes and Additional Information on Pages 2 and 3. 
TABLE 4 - FREDDIE MAC MORTGAGE-RELATED SECURITIES AND OTHER MORTGAGE-RELATED GUARANTEES TABLE 5 - OTHER DEBT ACTIVITIES 

Original Maturity < 

1 Year

Ending Balance 

Annualized Growth 

Rate

Annualized 

Liquidation Rate Ending Balance Issuances

Maturities and 

Redemptions 

Dec 2015 $27,317 ($20,458) $6,859 $1,742,499 4.7% 14.1% Dec 2015 $113,633 $15,405 ($2,960

Full-Year 2015 389,991 (310,725) 79,266 1,742,499 4.8% 18.7% Full-Year 2015 113,633 168,583 (183,156

 

Jan 2016 24,212 (22,137) 2,075 1,744,574 1.4% 15.2% Jan 2016 106,395 7,810 (6,670

Feb 25,870 (19,399) 6,471 1,751,045 4.5% 13.3% Feb 99,304 12,972 (15,234

Mar 32,017 (19,612) 12,405 1,763,450 8.5% 13.4% Mar 85,204 18,057 (15,205

Apr 31,332 (26,996) 4,336 1,767,786 3.0% 18.4% Apr 74,543 16,338 (14,338

May 34,528 (26,127) 8,401 1,776,187 5.7% 17.7% May 71,033 18,572 (20,913

Jun 35,868 (28,090) 7,778 1,783,965 5.3% 19.0% Jun 75,944 22,921 (23,094

Jul 39,039 (30,130) 8,909 1,792,874 6.0% 20.3% Jul 82,506 23,258 (21,959

Aug 41,278 (28,063) 13,215 1,806,089 8.8% 18.8% Aug 77,947 15,405 (20,340

Sep 48,145 (36,378) 11,767 1,817,855 7.8% 24.2% Sep 77,559 13,829 (11,820

Oct 38,690 (34,340) 4,350 1,822,205 2.9% 22.7% Oct 87,631 8,909 (21,627

Nov 45,909 (34,205) 11,704 1,833,909 7.7% 22.5% Nov 92,489 4,265 (9,927

Dec 46,316 (31,058) 15,258 1,849,167 10.0% 20.3% Dec 71,517 2,974 (3,345

 

YTD 2016 $443,203 ($336,535) $106,668 $1,849,167 6.1% 19.3% YTD 2016 $71,517 $165,310 ($184,472

TABLE 6 - DELINQUENCIES - TOTAL TABLE 7 - OTHER INVESTMENTS 

Multifamily

Dec 2015 1.30% 2.06% 0.58% 1.32% 0.02% Dec 2015 71,543 Dec 2015 $62 68 $12 

Full-Year 2015 71,543 Full-Year 2015 90 -- 17 

Jan 2016 1.33% 2.05% 0.54% 1.33% 0.04% Jan 2016 59,133 Jan 2016 37 -- 8 

Feb 1.25% 1.97% 0.53% 1.26% 0.04% Feb 50,938 Feb 28 -- 8 

Mar 1.20% 1.78% 0.49% 1.20% 0.04% Mar 44,109 Mar 23 29 6 

Apr 1.15% 1.71% 0.48% 1.15% 0.04% Apr 42,340 Apr 7 -- 4 

May 1.12% 1.67% 0.43% 1.11% 0.02% May 41,300 May 27 -- 4 

Jun 1.12% 1.58% 0.39% 1.08% 0.02% Jun 48,110 Jun 30 21 5 

Jul 1.11% 1.56% 0.39% 1.08% 0.02% Jul 60,025 Jul 18 -- 5 

Aug 1.05% 1.52% 0.44% 1.03% 0.01% Aug 59,843 Aug 8 -- 5 

Sep 1.05% 1.49% 0.41% 1.02% 0.01% Sep 65,072 Sep 17 14 6 

Oct 1.05% 1.49% 0.42% 1.03% 0.01% Oct 66,875 Oct 13 -- 8 

Nov 1.05% 1.47% 0.43% 1.03% 0.01% Nov 84,344 Nov 28 -- 6 

Dec 1.02% 1.46% 0.43% 1.00% 0.03% Dec 71,654 Dec 7 16 6 

YTD 2016 $71,654 YTD 2016 $20 -- $6 

ENDNOTES

(1)(2)

Total

Purchases of Freddie Mac mortgage-related securities into the mortgage-related investments portfolio totaled $8.3 billion (based on UPB) during December 2016.

As of December 31, 2016, we had net unsettled purchase (sale) agreements of approximately ($1.6) billion. The ending balance of our mortgage-related investments portfolio as of December 31, 20

agreements would have been $297 billion.

Total

Non-Credit 

Enhanced

Primary 

Mortgage 

Insurance Other 

(dollars in millions)

Monthly Average 

(dollars 

Single-Family 

Credit Enhanced

TABLE 8 - INTEREST-RATE RISK SENSITIVITY DISCLOSURES 

(PMVS-Y

Issuances Liquidations 

Net Increase/ 

(Decrease)

Ending Balance

Level

Portfolio Market Value-

(PMVS-L) (50 bp)

Portfolio M

Yield 

Quarterly 

Monthly Average Average

Original Mat

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 (571) 382-4732 or writin

1551 Park Run Drive, MS D5F,

McLean, VA 22102-3110

or sending an email to shareholder@freddiemac.com.

See Additional Information on Page 3. 
ADDITIONAL INFORMATIONReflects Freddie Mac's single-family and multifamily delinquency rates, which are considered mortgage credit performance metrics. 

Single-Family Serious Delinquency Rate information is based on the number of mortgage loans that are three monthly payments or more past due or in the process of foreclosure.

The activity and balances set forth in Tables 1, 2, 3, 4 and 7 represent unpaid principal balances (UPB), and do not include market valuation adjustments, allowance for loan losses and security impairmenthe impact of consolidation of variable interest entities. In addition, all activity and balances in these tables are presented on a settlement date basis (i.e., exclude amounts that are traded but not yet settl

Represents the sum of Freddie Mac mortgage-related securities and other mortgage-related guarantees (Table 4), mortgage loans (Table 3), non-Freddie Mac mortgage-related securities (agency and n

unguaranteed Freddie Mac mortgage-related securities retained by us associated with a credit risk transfer transaction.

Purchases or Issuances. Includes cash purchases of single-family and multifamily mortgage loans, issuances of Freddie Mac mortgage-related securities through our guarantor swap program, issu

issuances of other securitization products and purchases of non-Freddie Mac mortgage-related securities. 

Sales. Includes sales of non-Freddie Mac mortgage-related securities, sales of unguaranteed Freddie Mac mortgage-related securities and sales of mortgage loans. 

Represents mortgage loans and mortgage-related securities held by Freddie Mac. Mortgage-related securities balances reflect security balances and not the balance of underlying mortgage loan collater

Purchases. Includes cash purchases of single-family and multifamily mortgage loans, purchases of Freddie Mac and non-Freddie Mac mortgage-related securities from third parties, and additions fo

balloon/reset mortgage loans purchased out of PC pools. Sales. Includes sales of Freddie Mac mortgage-related securities (including sales to third parties from the securitization of single-family and multifamily mortgage loans), sales of non-Freddie Mac m

mortgage loans. Liquidations. Represents the total amount of prepayments, curtailments, payoffs, foreclosures, or other repayments of principal on loans and securities.

Table 5

Table 3Table 2Table 7Delinquency rates exclude financial guarantees that are backed by either HFA bonds or Ginnie Mae Certificates. For HAMP or non-HAMP modifications, we include loans in a trial period as seriously delin

effective.General

As discussed in the May 2016 Monthly Volume Summary, the PMVS and duration gap information presented above does not fully reflect the potential effect of negative index values across all of the comp

However, we have implemented model adjustments to incorporate the effect of negative index values for the majority of the company’s floating rate assets and liabilities. These adjustments will apply on PMVS and duration gap results presented above for June 2016. These adjustments had a minimal impact on our PMVS and duration gap results. The company is in the process of assessing the effect o

population of floating rate assets.Reflects balances of cash and cash equivalents, federal funds sold and securities purchased under agreements to resell, and non-mortgage-related securities. Table 1

Table 6PMVS and Duration Gap are our primary interest-rate risk measures. These measures include the impact of our purchases and sales of derivative instruments, which we use to limit our exposure to chaOur PMVS measures are estimates of the amount of average potential pre-tax loss in the market value of our financial assets and liabilities due to parallel (PMVS-L) and non-parallel (PMVS-YC) changes 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 calcare periodically changed on a prospective basis to reflect improvements in the underlying estimation processes.Presents the ending balances of the mortgage-related investments portfolio's four primary components. 

Freddie Mac mortgage-related securities. Securities we issue and guarantee that are backed by mortgages.Issuances. Consists of: (a) guaranteed securities issued by Freddie Mac where the underlying collateral are mortgage loans or mortgage-backed securities; and (b) other mortgage-related guarante

by third parties for which we provide our guarantee without securitization of those assets. Other mortgage-related guarantees include tax-exempt multifamily housing revenue bonds, HFA bonds, and single-family mortgage loans. Excludes any resecuritization activity involving Freddie Mac mortgage-related securities. Notional balances of interest-only strips are excluded because this table is basLiquidations. Represents principal repayments relating to guaranteed Freddie Mac mortgage-related securities and other mortgage-related guarantees. Also includes our purchases of seriously demortgage loans out of PC pools.

Represents the balance and activity of our other debt, based on par values. Includes Reference Bills® securities, discount notes, medium-term notes, securities sold under agreements to repurchase and 

Notes® securities, Structured Agency Credit Risk (STACR) debt notes, and subordinated debt. For more information about Freddie Mac's debt activity, please visit www.freddiemac.com/debt.

Multifamily Delinquency Rate information is based on the UPB of mortgage loans that are two monthly payments or more past due or in the process of foreclosure.

Single-Family Credit Enhanced Other. Consists of Freddie Mac single-family mortgage loans covered by financial arrangements (other than primary mortgage insurance) that are designed to redu

in reference pools covered by STACR debt note transactions as well as other forms of credit protection. STACR debt note transactions transfer a portion of credit risk on certain groups of loans from 

value of these transactions to us is dependent on various economic scenarios, and we will primarily benefit from these transactions if we experience significant mortgage loan defaults. The credit enh

as a single loan may be included in both the Primary Mortgage Insurance category and the Other category.

Mortgage loans that have been modified are not counted as seriously delinquent as long as the borrower is less than three monthly payments past due under the modified terms for single-family, and less multifamily.Table 4

Table 8