# EDGAR Filing Document

**Accession Number:** 0001026214
**File Stem:** 0001193125-26-088753
**Filing Date:** 2026-3
**Character Count:** 68618
**Document Hash:** 71c87f0391dfee75a91c973dc1d90a1c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-088753.hdr.sgml**: 20260303

**ACCESSION NUMBER**: 0001193125-26-088753

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260303

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260303

**DATE AS OF CHANGE**: 20260303

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERAL HOME LOAN MORTGAGE CORP
- **CENTRAL INDEX KEY:** 0001026214
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 520904874
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00240
- **FILM NUMBER:** 26716447

**BUSINESS ADDRESS:**
- **STREET 1:** 8200 JONES BRANCH DR
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
- **BUSINESS PHONE:** 7039032000

**MAIL ADDRESS:**
- **STREET 1:** 8200 JONES BRANCH DR
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERAL HOME LOAN MORTGAGE CORP
- **CENTRAL INDEX KEY:** 0001026214
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 520904874
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 8200 JONES BRANCH DR
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
- **BUSINESS PHONE:** 7039032000

**MAIL ADDRESS:**
- **STREET 1:** 8200 JONES BRANCH DR
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERAL HOME LOAN MORTGAGE CORP
- **CENTRAL INDEX KEY:** 0001026214
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 520904874
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00240

**BUSINESS ADDRESS:**
- **STREET 1:** 8200 JONES BRANCH DR
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
- **BUSINESS PHONE:** 7039032000

**MAIL ADDRESS:**
- **STREET 1:** 8200 JONES BRANCH DR
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☐<br> Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _______ to __________.

Date of Report (Date of earliest event reported): ___________

Commission File Number of securitizer: ___________

Central Index Key Number of securitizer: ___________

  <br> (Name and telephone number, including area code, <br> of the person to contact in connection with this filing)

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1): ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i): ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii): ☐

[X] Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0001026214

---

| |
|:---|
| &nbsp;&nbsp;**Federal Home Loan Mortgage Corporation (as issuer of the Structured Pass-Through**<br> **Certificates, Series ML-34) and FRETE 2026-ML34 Trust** |
| &nbsp;&nbsp;(Exact name of issuing entity as specified in its charter) |

---

Central Index Key Number of issuing entity (if applicable): 0001026214

Central Index Key Number of underwriter (if applicable): ___________

---

| |
|:---|
| &nbsp;&nbsp;**Jason Griest (703) 903-2000** |
| &nbsp;&nbsp;(Name and telephone number, including area code, <br> of the person to contact in connection with this filing) |

---

**INFORMATION TO BE INCLUDED IN THE REPORT**

**PART I: REPRESENTATION AND WARRANTY INFORMATION**

N/A

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer**

See Report of Independent Accountants on Applying Agreed-Upon Procedures, dated March 3, 2026, of PricewaterhouseCoopers LLP, attached as Exhibit 99.1 to this report.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: March 3, 2026 | Federal Home Loan Mortgage Corporation, <br> as Depositor with respect to the Structured Pass-Through <br> Certificates, Series ML-34, and as Securitizer with <br> respect to the FRETE 2026-ML34 Trust | Federal Home Loan Mortgage Corporation, <br> as Depositor with respect to the Structured Pass-Through <br> Certificates, Series ML-34, and as Securitizer with <br> respect to the FRETE 2026-ML34 Trust | Federal Home Loan Mortgage Corporation, <br> as Depositor with respect to the Structured Pass-Through <br> Certificates, Series ML-34, and as Securitizer with <br> respect to the FRETE 2026-ML34 Trust |
|  | By: | /s/ Jason Griest | /s/ Jason Griest |
|  |  | Name: | Jason Griest |
|  |  | Title: | Vice President – Multifamily Securitization |

---

**EXHIBIT INDEX**

Exhibit 99.1 Report of Independent Accountants on Applying Agreed-Upon Procedures, dated March 3, 2026, of PricewaterhouseCoopers LLP.

## Exhibit 99.1

**Exhibit 99.1**

![[PWC Logo]](g111272pwclogo.jpg)

**Report of Independent Accountants on Applying** 

**Agreed-Upon Procedures**

Federal Home Loan Mortgage Corporation ("Freddie Mac" or the "Company")

8200 Jones Branch Drive

McLean, VA 22102

We ("us" or "PwC") have performed the procedures enumerated below, which were agreed to by the Company (as the engaging party), Jefferies LLC and Jefferies Mortgage Acceptance Corp., who are collectively referred to herein as the "Specified Parties", solely to assist you in performing certain procedures related to the accuracy of certain attributes and calculations included in the Final Data File (defined below). The procedures were performed with respect to the Freddie Mac Structured Pass-Through Certificates, Series ML-34 and Multifamily ML Pass-Through Certificates, Series 2026-ML34 (the "Transaction"). The Company (the "Responsible Party") is responsible for the accuracy of the information contained in the Final Data File.

In an agreed-upon procedures engagement, we perform specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the intended purpose of the engagement and we report on findings based on the procedures performed. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose.

 **

***Procedures and Findings***

 **

In connection with the Transaction, the Specified Parties have requested that the procedures be performed on 14 mortgage loans (the "Mortgage Loan Assets") secured by 14 mortgaged properties (the "Mortgaged Properties") which represents the entire population of Mortgage Loan Assets and Mortgaged Properties (collectively the "Collateral") within the Transaction.

This agreed-upon procedures engagement was not conducted for the purpose of satisfying any criteria for due diligence published by a nationally recognized statistical rating organization.

In addition, PwC should not be regarded as having in any way warranted or given any assurance as to the following items:

&nbsp;&nbsp;&nbsp;&nbsp;· the completeness, accuracy, appropriateness, quality or integrity of any of the information provided by the Responsible Party, or any other party for purposes of PwC performing the
procedures agreed to by the Specified Parties. The procedures performed would not necessarily reveal any material misstatement of the amounts, balances, ratios, percentages or other relationships of the information included in the data provided to
us;

&nbsp;&nbsp;&nbsp;&nbsp;· the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements;

&nbsp;&nbsp;&nbsp;&nbsp;· the existence of the assets or collateral securing such assets;

&nbsp;&nbsp;&nbsp;&nbsp;· the rights of any party including, the Specified Parties, the Responsible Party, or the Transaction have to the assets or collateral securing such assets or any obligations on those assets
or collateral securing such assets;

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 1

![](g111272pwclogo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;· the value of collateral securing such assets; and

&nbsp;&nbsp;&nbsp;&nbsp;· the compliance of the originator of the assets with federal, state, and local laws and regulations.

We have not performed any procedures with respect to the fair value of the securities being offered in the Transaction and PwC expresses no opinion on the current fair value of these securities. PwC should not be regarded as having performed any procedures other than those detailed in this report.

With respect to any terms or requirements of the Transaction documents that do not appear in this report, we performed no procedures and, accordingly, the procedures we performed would not ensure that any requirements are satisfied. Further, we have performed only the following agreed-upon procedures and therefore make no representations regarding the adequacy of disclosures or whether any material facts have been omitted from the Transaction documents.

It should be understood that we make no representations as to:

&nbsp;&nbsp;&nbsp;&nbsp;· the interpretation of Transaction documents (including, but not limited to, indenture agreements or offering documents) included in connection with our procedures;

&nbsp;&nbsp;&nbsp;&nbsp;· your compliance with Rule 15Ga-2 of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;· the reasonableness of any of the assumptions provided by the Company or other Specified Parties.

These procedures should not be taken to supplant any additional inquiries or procedures that the Specified Parties would undertake in consideration of the Transaction.

For the purpose of this report:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Cut-off Date" refers to the date of March 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Final Data File" refers to the following Microsoft Excel ("Excel") file provided by the Company, which includes certain attributes related to the
Collateral. The Final Data File was provided on March 3, 2026 with certain Collateral attribute calculations adjusted for the Cut-off Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o ML34 Red Data Tapev2.xlsx (provided on March 3, 2026).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Specified Attributes" refers to the fields in the Final Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Source Document" refers to the documents (including any applicable amendments, assumptions or exhibits thereof) provided by the Company, related to the information
contained in the Final Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Loan File" refers to any Source Document or collection of Source Documents provided by the Company, and used by us, in performing the procedures enumerated below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The term "compared" refers to the comparison of one or more Specified Attributes to Source Documents, as indicated within Exhibit A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The term "recalculated" refers to a re-computation of one or more Specified Attributes using the Company provided methodology, as indicated within Exhibit
B. *www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 2

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "in agreement" refers to the comparison or recalculation of one or more Specified Attributes which resulted in a match, or a difference that was within the Company
provided tolerance level (if any), as indicated within Exhibit A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The term "Methodologies" refers to the instructions provided by the Company pertaining to a Specified Attribute, as described in Exhibit C.

Source Documents included in the Loan File:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Appraisal Report" refers to a signed appraisal document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Cash Management Agreement" refers to a signed cash management agreement, and/or any riders thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Commitment Letter" refers to the Freddie Mac loan summary presenting loan terms and fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "CRA Report" refers to the listing, which summarizes the number of affordable low income units less than or equal to 80%, 60% and 50% of Area Median Income (AMI) for
each property as tracked internally by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Cross Collateralization Agreement" refers to the signed cross collateralization agreement, and/or any riders thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Engineering Report" refers to a signed property condition assessment document, preconstruction analysis report, post construction analysis report, or physical risk
report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Environmental Report" refers to a signed phase I and phase II (if applicable) environmental document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Fee Schedule" refers to the documentation for the Master Servicing Fee, Trustee Fee, Master Servicing Surveillance Fee, Special Servicing Surveillance Fee and CREFC
Royalty Fee related to the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Flood Zone Determination" refers to the standard flood hazard determination form indicating "Yes" or "No" for the special flood hazard
area.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "FM UW Schedule" refers to the historical and pro-forma cash flow statements prepared by the Freddie Mac underwriting team.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "FRE Form 1115" refers to the borrower certificate of financial conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Green Assessment" refers to a signed level I and level II (if applicable) green up energy assessment document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Ground Lease" refers to the signed ground lease agreement, ground lease estoppel, and/or any assumptions or riders thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Guaranty Agreement" refers to the guaranty, and/or any riders or assumptions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Insurance Summary" refers to the Certificate of Insurance and/or Evidence of Property Insurance for the Collateral, indicating a "Yes" or
"No" for each insurance field.

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 3

![](g111272pwclogo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Investment Brief" refers to the Freddie Mac underwriting file.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Legal Affordability Summary Report" refers to the listing, which summarizes the regulatory agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Letter of Credit Agreement" refers to the signed original letter of credit, release of letter of credit and letter of credit agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "List of All Escrows" refers to the settlement escrow summary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Loan Agreement" refers to the signed loan agreement, including the funding loan agreement, project loan agreement, continuing covenant agreement, other security
agreements, or the equivalent, and/or any assumptions or riders thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "MSA Report" refers to the listing, which summarizes the metropolitan statistical area for each property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Opinion of Counsel" refers to a legal opinion document, including a non-consolidation opinion or bond opinion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Promissory Note" refers to the promissory note, or the equivalent, and/or any assumptions or riders thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Property Inspection and Lease Audit" refers to the property inspection and lease audit document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Property Management Agreement" refers to the assignment of property management agreement or original property management agreement and/or any riders
thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Rent Roll" refers to the rent roll document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Seismic Report" refers to a signed seismic assessment document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Senior Loan Documents" refers to the senior lien loan agreement, senior lien mortgage note, or any other document related to the respective loan's senior
debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Servicing Report" refers to the servicing statements combined by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Subordinate Loan Documents" refers to the junior lien loan agreement, junior lien mortgage note, or any other document related to the respective loan's
subordinate debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Title Policy" refers to the signed title policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Zoning Report" refers to a signed zoning document.

The procedures performed and results thereof are described below. In performing this engagement, we received one or more preliminary data file(s) and performed certain procedures as set forth in Exhibit A, Exhibit B and Exhibit C. The procedures identified differences, which were communicated to the Responsible Party. The Responsible Party revised one or more of the preliminary data file(s) based on such communicated differences, where they determined it to be appropriate. We then performed these procedures on the Final Data File, and the results of those procedures are described below.

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![](g111272pwclogo.jpg)

From February 9, 2026 through March 3, 2026, the Company provided us with the Source Documents related to the Collateral for which we:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Compared certain Specified Attributes to the corresponding Source Documents as detailed in Exhibit A and found them to be in agreement (the "Compared
Attributes");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Recalculated certain Specified Attributes as detailed in Exhibit B and found them to be in agreement (the "Recalculated Attributes"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Assumed certain Specified Attributes were accurate as instructed by the Company, and neither compared nor recalculated the Specified
Attributes (the "Company Provided Attributes").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Applied Methodologies to certain Specified Attributes, as detailed in Exhibit C.

The recalculation methodology associated with the Recalculated Attributes is listed in Exhibit B. For each procedure where a recalculation was performed, if necessary, we compared the underlying attributes to the corresponding Source Documents and found them to be in agreement. We did not perform any procedures with respect to the Specified Attributes denoted with a Source Document of "None - Company Provided", in Exhibit A.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not conduct an audit or an examination engagement, the objective of which would be the expression of an opinion, or a review engagement, the objective of which would be the expression of a conclusion, on the Final Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

In performing this engagement, we are required to be independent of the Responsible Party and to meet our ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Specified Parties (including for purposes of substantiating the Specified Parties' "due diligence defense" under the Securities Act of 1933), and is not intended to be and should not be used by anyone other than the Specified Parties.

If a party has obtained, or has access to, this report without having executed an agreement with PwC wherein such party accepts responsibility for the appropriateness of the procedures performed (such party is herein referred to as a "Non-Specified Party"), that Non-Specified Party cannot:

&nbsp;&nbsp;&nbsp;&nbsp;· rely upon this report, and any use of this report by that Non-Specified Party is its sole responsibility and at its sole and exclusive risk; and

&nbsp;&nbsp;&nbsp;&nbsp;· acquire any rights or claims against PwC, and PwC assumes no duties or obligations to such Non-Specified Party

A Non-Specified Party may not disclose or distribute this report or any of the report's contents to any

other party (including but not limited to electronic distribution and/or posting to a website pursuant to Rule 17G-5 of the Securities Exchange Act of 1934).

The procedures enumerated above were performed as of the date of this report, and we disclaim any consideration of any events and circumstances occurring after the date of this report. Further, we have no obligation to update this report because of events occurring, or data or information coming to our attention, subsequent to the date of this report.

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 5

![](g111272pwclogo.jpg)

/s/ PricewaterhouseCoopers LLP

Melville, NY

March 3, 2026

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 6

**Freddie Mac Structured Pass-Through Certificates, Series ML-34**

**Exhibits**

Exhibit A - Loan File Review Procedures

Exhibit B - Recalculation Methodology

Exhibit C - Methodologies Provided by the Company

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 7

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

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**Exhibit A - Loan File Review Procedures**

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Source Document (in order of priority)** | &nbsp;&nbsp; **Tolerance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Annex # | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Loan Group | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;Freddie Mac Loan Number | &nbsp;&nbsp;Commitment Letter; Promissory Note; Loan Agreement; Investment Brief |  |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Property Name | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;Optigo Lender | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;6 | &nbsp;&nbsp;Address (Street) | &nbsp;&nbsp;Appraisal Report; Engineering Report |  |
| &nbsp;&nbsp;7 | &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report; Engineering Report |  |
| &nbsp;&nbsp;8 | &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report; Engineering Report |  |
| &nbsp;&nbsp;9 | &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report; Engineering Report |  |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;Metropolitan Statistical Area | &nbsp;&nbsp;MSA Report |  |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report; Engineering Report |  |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;13 | &nbsp;&nbsp;Property Sub-Type | &nbsp;&nbsp;Appraisal Report; Property Inspection and Lease Audit; Investment Brief; Loan Agreement |  |
| &nbsp;&nbsp;14 | &nbsp;&nbsp;Cut-off Date | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;15 | &nbsp;&nbsp;Original Principal Balance | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Cut-off Balance | &nbsp;&nbsp;Promissory Note; Recalculation; Servicing Report |  |
| &nbsp;&nbsp;17 | &nbsp;&nbsp;Maturity Balance | &nbsp;&nbsp;Promissory Note; Recalculation | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;18 | &nbsp;&nbsp;% of Cut-off Date Pool Balance | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;19 | &nbsp;&nbsp;% of Cut-off Date Loan Group Balance | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;20 | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;21 | &nbsp;&nbsp;Note Rate | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;23 | &nbsp;&nbsp;Interest Calculation | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;Monthly Debt Service | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Monthly Debt Service (IO) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;26 | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;27 | &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;28 | &nbsp;&nbsp;Payment Date | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;29 | &nbsp;&nbsp;Late Charge Grace Period (# of days) | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;31 | &nbsp;&nbsp;Original Amortization Term (months) | &nbsp;&nbsp;Promissory Note |  |
| &nbsp;&nbsp;32 | &nbsp;&nbsp;Original Loan Term (months) | &nbsp;&nbsp;Recalculation |  |

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*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 8

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Source Document (in order of priority)** | &nbsp;&nbsp; **Tolerance** |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Remaining Amortization | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Remaining Term | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Seasoning as of Cut Off Date | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Interest Only Term | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;Prepay Provision Description | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;38 | &nbsp;&nbsp;Defeasance To Maturity (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Partial Defeasance Permitted (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Appraised Value Type | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Appraisal Firm | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;43 | &nbsp;&nbsp;Appraisal Date | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report; Engineering Report |  |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Appraisal Report; Engineering Report |  |
| &nbsp;&nbsp;46 | &nbsp;&nbsp;Expected Construction Completion Date | &nbsp;&nbsp;Loan Agreement; Engineering Report; Commitment Letter |  |
| &nbsp;&nbsp;47 | &nbsp;&nbsp;Number of Units | &nbsp;&nbsp;Rent Roll; Appraisal Report; Investment Brief; Loan Agreement |  |
| &nbsp;&nbsp;48 | &nbsp;&nbsp;Affordable LI Units (<=80% AMI) | &nbsp;&nbsp;CRA Report |  |
| &nbsp;&nbsp;49 | &nbsp;&nbsp;Affordable LI Units (<=60% AMI) | &nbsp;&nbsp;CRA Report |  |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;Affordable VLI Units (<=50% AMI) | &nbsp;&nbsp;CRA Report |  |
| &nbsp;&nbsp;51 | &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Rent Roll; Investment Brief; Appraisal Report; Loan Agreement |  |
| &nbsp;&nbsp;52 | &nbsp;&nbsp;Cut-off Balance Per Unit | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;53 | &nbsp;&nbsp;# Units - Commercial | &nbsp;&nbsp;Investment Brief; Appraisal Report |  |
| &nbsp;&nbsp;54 | &nbsp;&nbsp;Elevator (Y/N) | &nbsp;&nbsp;Appraisal Report; Engineering Report |  |
| &nbsp;&nbsp;55 | &nbsp;&nbsp;FIRREA Eligible (Y/N) | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;56 | &nbsp;&nbsp;Zoning Status | &nbsp;&nbsp;Zoning Report; Appraisal Report |  |
| &nbsp;&nbsp;57 | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Title Policy |  |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;Fee Simple/Leasehold | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;59 | &nbsp;&nbsp;Ground Lease Rent | &nbsp;&nbsp;Ground Lease | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;60 | &nbsp;&nbsp;Ground Lease Expiration Date | &nbsp;&nbsp;Ground Lease |  |
| &nbsp;&nbsp;61 | &nbsp;&nbsp;Ground Lease Expiration Date w/ Extensions | &nbsp;&nbsp;Ground Lease |  |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;LTV at Cutoff | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.10% |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;LTV at Maturity | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.10% |
| &nbsp;&nbsp;64 | &nbsp;&nbsp;U/W EGI | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;65 | &nbsp;&nbsp;U/W Expenses | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |

---

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 9

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Source Document (in order of priority)** | &nbsp;&nbsp; **Tolerance** |
| &nbsp;&nbsp;66 | &nbsp;&nbsp;U/W NOI | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;67 | &nbsp;&nbsp;Underwritten Annual Reserves | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;U/W NCF | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;U/W DSCR (NCF) | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.01 |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;U/W IO DSCR (NCF) | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.01 |
| &nbsp;&nbsp;71 | &nbsp;&nbsp;Most Recent Period Ending | &nbsp;&nbsp;FM UW Schedule |  |
| &nbsp;&nbsp;72 | &nbsp;&nbsp;Most Recent EGI | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;73 | &nbsp;&nbsp;Most Recent Expenses | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Most Recent NOI | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;75 | &nbsp;&nbsp;Most Recent NCF | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Most Recent DSCR (NCF) | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.01 |
| &nbsp;&nbsp;77 | &nbsp;&nbsp;2nd Most Recent Period Ending | &nbsp;&nbsp;FM UW Schedule |  |
| &nbsp;&nbsp;78 | &nbsp;&nbsp;2nd Most Recent EGI | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;79 | &nbsp;&nbsp;2nd Most Recent Expenses | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;2nd Most Recent NOI | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;81 | &nbsp;&nbsp;2nd Most Recent NCF | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;2nd Most Recent DSCR (NCF) | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.01 |
| &nbsp;&nbsp;83 | &nbsp;&nbsp;3rd Most Recent Period Ending | &nbsp;&nbsp;FM UW Schedule |  |
| &nbsp;&nbsp;84 | &nbsp;&nbsp;3rd Most Recent EGI | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;3rd Most Recent Expenses | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;86 | &nbsp;&nbsp;3rd Most Recent NOI | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;87 | &nbsp;&nbsp;3rd Most Recent NCF | &nbsp;&nbsp;FM UW Schedule | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;3rd Most Recent DSCR (NCF) | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.01 |
| &nbsp;&nbsp;89 | &nbsp;&nbsp;Occupancy Rate | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.10% |
| &nbsp;&nbsp;90 | &nbsp;&nbsp;Occupancy as of Date | &nbsp;&nbsp;Rent Roll |  |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Monthly Rent per Unit | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;$5.00 |
| &nbsp;&nbsp;92 | &nbsp;&nbsp;Tenant Concentration Type | &nbsp;&nbsp;Property Inspection and Lease Audit; Investment Brief; Loan Agreement; Appraisal |  |
| &nbsp;&nbsp;93 | &nbsp;&nbsp;% of Tenant Concentration | &nbsp;&nbsp;Property Inspection and Lease Audit; Investment Brief; Loan Agreement; Appraisal | &nbsp;&nbsp;0.10% |
| &nbsp;&nbsp;94 | &nbsp;&nbsp;Non-Compliance Provisions (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;95 | &nbsp;&nbsp;Rental Subsidy Indicator (Y/N) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;96 | &nbsp;&nbsp;Rental Subsidy Type | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;97 | &nbsp;&nbsp;Regulatory Agreement (Y/N) | &nbsp;&nbsp;Legal Affordability Summary Report; Loan Agreement |  |
| &nbsp;&nbsp;98 | &nbsp;&nbsp;Type of Regulatory Agreement(s) | &nbsp;&nbsp;Legal Affordability Summary Report |  |

---

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 10

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Source Document (in order of priority)** | &nbsp;&nbsp; **Tolerance** |
| &nbsp;&nbsp;99 | &nbsp;&nbsp;Description of Regulatory Agreement(s) | &nbsp;&nbsp;Legal Affordability Summary Report |  |
| &nbsp;&nbsp;100 | &nbsp;&nbsp;Regulatory Agency/Housing Authority/Regulatory Agreement Counterparty | &nbsp;&nbsp;Legal Affordability Summary Report |  |
| &nbsp;&nbsp;101 | &nbsp;&nbsp;% Units with Income Restrictions | &nbsp;&nbsp;Legal Affordability Summary Report |  |
| &nbsp;&nbsp;102 | &nbsp;&nbsp;% Units with Rent Restrictions | &nbsp;&nbsp;Legal Affordability Summary Report |  |
| &nbsp;&nbsp;103 | &nbsp;&nbsp;HAP Maturity Date | &nbsp;&nbsp;Legal Affordability Summary Report |  |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Condo Ownership (% or N/A) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;105 | &nbsp;&nbsp;Amount Sq. Ft - Commercial | &nbsp;&nbsp;Appraisal Report; Investment Brief; Rent Roll |  |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;% of GPR from Commercial Rental Income | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;107 | &nbsp;&nbsp;Environmental Firm | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;108 | &nbsp;&nbsp;Phase I Environmental Report Date | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;109 | &nbsp;&nbsp;Phase II Recommended (Y/N) | &nbsp;&nbsp;Environmental Report; Engineering Report |  |
| &nbsp;&nbsp;110 | &nbsp;&nbsp;Phase II Performed (Y/N) | &nbsp;&nbsp;Environmental Report; Engineering Report |  |
| &nbsp;&nbsp;111 | &nbsp;&nbsp;Phase II Environmental Report Date | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;Environmental Cost to Cure (Phase I plus Phase II) | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;113 | &nbsp;&nbsp;Engineering Firm | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;114 | &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;115 | &nbsp;&nbsp;Immediate Repairs Cost Estimate | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;116 | &nbsp;&nbsp;Replacement Reserves Cost Estimate per Year | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;117 | &nbsp;&nbsp;Seismic Firm | &nbsp;&nbsp;Seismic Report |  |
| &nbsp;&nbsp;118 | &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report |  |
| &nbsp;&nbsp;119 | &nbsp;&nbsp;Elevated Seismic Hazard Region or PGA ≥ 0.15g (Y/N) | &nbsp;&nbsp;Engineering Report; Seismic Report |  |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;PML Report Required (Y/N) | &nbsp;&nbsp;Engineering Report; Seismic Report |  |
| &nbsp;&nbsp;121 | &nbsp;&nbsp;PML (%) | &nbsp;&nbsp;Seismic Report |  |
| &nbsp;&nbsp;122 | &nbsp;&nbsp;Green Advantage | &nbsp;&nbsp;Loan Agreement; Green Assessment |  |
| &nbsp;&nbsp;123 | &nbsp;&nbsp;Tax Reserve - Initial Deposit ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report; List of All Escrows | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Tax Reserve - Contractual Payment ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report; List of All Escrows | &nbsp;&nbsp;$1.00 |

---

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 11

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Source Document (in order of priority)** | &nbsp;&nbsp; **Tolerance** |
| &nbsp;&nbsp;125 | &nbsp;&nbsp;Insurance Reserve - Initial Deposit ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report; List of All Escrows | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;126 | &nbsp;&nbsp;Insurance Reserve - Contractual Payment ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report; List of All Escrows | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;127 | &nbsp;&nbsp;Engineering Reserve - Initial Deposit ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;128 | &nbsp;&nbsp;Engineering Reserve - Contractual Payment ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;129 | &nbsp;&nbsp;Replacement Reserve - Initial Deposit ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;130 | &nbsp;&nbsp;Replacement Reserve - Contractual Payment ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;131 | &nbsp;&nbsp;Replacement Reserve - Contractual - Cap ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;132 | &nbsp;&nbsp;Other Reserve - Initial Deposit ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report; List of All Escrows | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;133 | &nbsp;&nbsp;Other Reserve Description | &nbsp;&nbsp;Loan Agreement; Servicing Report; List of All Escrows |  |
| &nbsp;&nbsp;134 | &nbsp;&nbsp;Other Reserve - Contractual Payment ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report; List of All Escrows | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;135 | &nbsp;&nbsp;Other Reserve - Contractual - Cap ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report; List of All Escrows | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;136 | &nbsp;&nbsp;Springing Reserve Name | &nbsp;&nbsp;Loan Agreement; Servicing Report |  |
| &nbsp;&nbsp;137 | &nbsp;&nbsp;Springing Reserve Amount ($ or N/A) | &nbsp;&nbsp;Loan Agreement; Servicing Report | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;138 | &nbsp;&nbsp;Springing Reserve Description | &nbsp;&nbsp;Loan Agreement; Servicing Report |  |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Letter of Credit Amount | &nbsp;&nbsp;Loan Agreement; Letter of Credit Agreement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;140 | &nbsp;&nbsp;Letter of Credit Description | &nbsp;&nbsp;Loan Agreement; Letter of Credit Agreement |  |
| &nbsp;&nbsp;141 | &nbsp;&nbsp;Are Escrows/Reserves LOC or can be converted to LOC (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;142 | &nbsp;&nbsp;Specify Accounts for Escrows/Reserves LOC | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;143 | &nbsp;&nbsp;Environmental Insurance (Y/N) | &nbsp;&nbsp;Insurance Summary |  |
| &nbsp;&nbsp;144 | &nbsp;&nbsp;Environmental Insurance Expiration Date | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;145 | &nbsp;&nbsp;Environmental Insurance Carrier (Name or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;146 | &nbsp;&nbsp;Environmental Insurance Carrier Rating | &nbsp;&nbsp;None - Company Provided |  |

---

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 12

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Source Document (in order of priority)** | &nbsp;&nbsp; **Tolerance** |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Environmental Insurance Coverage ($ or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;148 | &nbsp;&nbsp;Flood Insurance (Y/N) | &nbsp;&nbsp;Insurance Summary; Flood Zone Determination |  |
| &nbsp;&nbsp;149 | &nbsp;&nbsp;Windstorm Insurance (Y/N) | &nbsp;&nbsp;Insurance Summary |  |
| &nbsp;&nbsp;150 | &nbsp;&nbsp;Earthquake Insurance Required (Y/N) | &nbsp;&nbsp;Seismic Report; Insurance Summary |  |
| &nbsp;&nbsp;151 | &nbsp;&nbsp;Terrorism Insurance (Y/N) | &nbsp;&nbsp;Insurance Summary |  |
| &nbsp;&nbsp;152 | &nbsp;&nbsp;Terrorism Insurance Expiration Date | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;153 | &nbsp;&nbsp;Terrorism Insurance Coverage ($ or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;154 | &nbsp;&nbsp;Terrorism Insurance Deductible ($ or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;155 | &nbsp;&nbsp;Terrorism Insurance Carrier (Name or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;156 | &nbsp;&nbsp;Terrorism Insurance Carrier Rating | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;157 | &nbsp;&nbsp;Property Insurance Coverage (Y/N) | &nbsp;&nbsp;Insurance Summary |  |
| &nbsp;&nbsp;158 | &nbsp;&nbsp;Property Insurance Expiration Date | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;159 | &nbsp;&nbsp;Property Insurance Carrier (Name or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;160 | &nbsp;&nbsp;Property Insurance Carrier Rating | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;161 | &nbsp;&nbsp;Property Insurance Coverage ($ or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;162 | &nbsp;&nbsp;Property Insurance Deductible ($ or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;163 | &nbsp;&nbsp;Liability Insurance Coverage (Y/N) | &nbsp;&nbsp;Insurance Summary |  |
| &nbsp;&nbsp;164 | &nbsp;&nbsp;Liability Insurance Expiration Date | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;165 | &nbsp;&nbsp;Liability Insurance Carrier (Name or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;166 | &nbsp;&nbsp;Liability Insurance Carrier Rating | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;167 | &nbsp;&nbsp;Liability Insurance Coverage ($ per occurrence/$ aggregate or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;168 | &nbsp;&nbsp;Liability Insurance Deductible ($ or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;169 | &nbsp;&nbsp;Cash Management (Description or N/A) | &nbsp;&nbsp;Loan Agreement; Cash Management Agreement |  |
| &nbsp;&nbsp;170 | &nbsp;&nbsp;Lockbox (Y/N) | &nbsp;&nbsp;Loan Agreement; Cash Management Agreement |  |

---

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 13

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Source Document (in order of priority)** | &nbsp;&nbsp; **Tolerance** |
| &nbsp;&nbsp;171 | &nbsp;&nbsp;Additional Financing In Place (existing) (Y/N) | &nbsp;&nbsp;Senior Loan Documents; Subordinate Loan Documents; Loan Agreement |  |
| &nbsp;&nbsp;172 | &nbsp;&nbsp;Additional Financing Amount (existing) | &nbsp;&nbsp;Senior Loan Documents; Subordinate Loan Documents; Loan Agreement |  |
| &nbsp;&nbsp;173 | &nbsp;&nbsp;Additional Financing Description (existing) | &nbsp;&nbsp;Senior Loan Documents; Subordinate Loan Documents; Loan Agreement |  |
| &nbsp;&nbsp;174 | &nbsp;&nbsp;CDCR (Combined DCR) | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.01 |
| &nbsp;&nbsp;175 | &nbsp;&nbsp;CLTV (Combined LTV) | &nbsp;&nbsp;Recalculation | &nbsp;&nbsp;0.10% |
| &nbsp;&nbsp;176 | &nbsp;&nbsp;Future Mezzanine Debt (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;177 | &nbsp;&nbsp;Future Secondary Financing (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;178 | &nbsp;&nbsp;Future Secondary Financing Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;179 | &nbsp;&nbsp;Substitution Permitted (Y/N) | &nbsp;&nbsp;Loan Agreement; Cross Collateralization Agreement |  |
| &nbsp;&nbsp;180 | &nbsp;&nbsp;Number of Properties per Loan | &nbsp;&nbsp;Loan Agreement; Appraisal Report |  |
| &nbsp;&nbsp;181 | &nbsp;&nbsp;Collateral Release Price ($ or N/A) | &nbsp;&nbsp;Cross Collateralization Agreement; Loan Agreement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;182 | &nbsp;&nbsp;Crossed Loans | &nbsp;&nbsp;Cross Collateralization Agreement; Loan Agreement |  |
| &nbsp;&nbsp;183 | &nbsp;&nbsp;Release (Y or N or N/A) | &nbsp;&nbsp;Cross Collateralization Agreement; Loan Agreement |  |
| &nbsp;&nbsp;184 | &nbsp;&nbsp;Release Provisions (Description or N/A) | &nbsp;&nbsp;Cross Collateralization Agreement; Loan Agreement |  |
| &nbsp;&nbsp;185 | &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;Loan Agreement; Investment Brief |  |
| &nbsp;&nbsp;186 | &nbsp;&nbsp;Borrowing Entity | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;187 | &nbsp;&nbsp;Entity Type | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;188 | &nbsp;&nbsp;State of Organization | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;189 | &nbsp;&nbsp;Borrower Principal | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;190 | &nbsp;&nbsp;Affiliated Borrowers Group Name | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;191 | &nbsp;&nbsp;Borrower Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;192 | &nbsp;&nbsp;Tenants In Common (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;193 | &nbsp;&nbsp;Delaware Statutory Trust (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;194 | &nbsp;&nbsp;Independent Director (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;195 | &nbsp;&nbsp;Non-Consolidation Opinion (Y/N) | &nbsp;&nbsp;Opinion of Counsel; Commitment Letter |  |
| &nbsp;&nbsp;196 | &nbsp;&nbsp;Assumption Fee | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;197 | &nbsp;&nbsp;Recourse (Y/N) | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;198 | &nbsp;&nbsp;Recourse Description | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;199 | &nbsp;&nbsp;Bad Boy Indemnitor / Guarantor | &nbsp;&nbsp;Guaranty Agreement |  |
| &nbsp;&nbsp;200 | &nbsp;&nbsp;Environmental Indemnitor (Name or N/A) | &nbsp;&nbsp;Recalculation |  |

---

*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 14

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Source Document (in order of priority)** | &nbsp;&nbsp; **Tolerance** |
| &nbsp;&nbsp;201 | &nbsp;&nbsp;Environmental Carveout (Y/N) | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;202 | &nbsp;&nbsp;Fraud Carveout (Y/N) | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;203 | &nbsp;&nbsp;Misapplication of Rent and Insurance Proceeds Carveout (Y/N) | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;204 | &nbsp;&nbsp;Voluntary Bankruptcy Carveout (Y/N) | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;205 | &nbsp;&nbsp;Waste Carveout (Y/N) | &nbsp;&nbsp;Promissory Note; Loan Agreement |  |
| &nbsp;&nbsp;206 | &nbsp;&nbsp;Borrower/Principal Liquid Assets | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;207 | &nbsp;&nbsp;Borrower/Principal Net Worth | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;208 | &nbsp;&nbsp;Borrower Or Principal Prior Bankruptcy (Y/N) | &nbsp;&nbsp;FRE Form 1115 |  |
| &nbsp;&nbsp;209 | &nbsp;&nbsp;Bankruptcy Description (Chapter # or N/A) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;210 | &nbsp;&nbsp;Management Company | &nbsp;&nbsp;Property Management Agreement; Loan Agreement |  |
| &nbsp;&nbsp;211 | &nbsp;&nbsp;Primary Servicing Fee | &nbsp;&nbsp;Commitment Letter |  |
| &nbsp;&nbsp;212 | &nbsp;&nbsp;Master Servicing Fee | &nbsp;&nbsp;Fee Schedule |  |
| &nbsp;&nbsp;213 | &nbsp;&nbsp;Trustee Fee | &nbsp;&nbsp;Fee Schedule |  |
| &nbsp;&nbsp;214 | &nbsp;&nbsp;Master Servicing Surveillance Fee | &nbsp;&nbsp;Fee Schedule |  |
| &nbsp;&nbsp;215 | &nbsp;&nbsp;Special Servicing Surveillance Fee | &nbsp;&nbsp;Fee Schedule |  |
| &nbsp;&nbsp;216 | &nbsp;&nbsp;CREFC Royalty Fee | &nbsp;&nbsp;Fee Schedule |  |
| &nbsp;&nbsp;217 | &nbsp;&nbsp;Administration Fee | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;218 | &nbsp;&nbsp;Net Mortgage Rate | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;219 | &nbsp;&nbsp;Number of LIHTC Units | &nbsp;&nbsp;Legal Affordability Summary Report; Appraisal Report |  |
| &nbsp;&nbsp;220 | &nbsp;&nbsp;Bond Counsel Name | &nbsp;&nbsp;Opinion of Counsel |  |
| &nbsp;&nbsp;221 | &nbsp;&nbsp;Tax Credit Syndicator Name | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;222 | &nbsp;&nbsp;Tax Credit Investor Name | &nbsp;&nbsp;Loan Agreement; Investment Brief |  |
| &nbsp;&nbsp;223 | &nbsp;&nbsp;Rental/Income/Age Restrictions (Y/N) | &nbsp;&nbsp;Legal Affordability Summary Report |  |
| &nbsp;&nbsp;224 | &nbsp;&nbsp;Issuer | &nbsp;&nbsp;Loan Agreement; Promissory Note |  |
| &nbsp;&nbsp;225 | &nbsp;&nbsp;Fiscal Agent Name | &nbsp;&nbsp;Loan Agreement; Promissory Note |  |
| &nbsp;&nbsp;226 | &nbsp;&nbsp;Sponsor Name | &nbsp;&nbsp;Guaranty Agreement |  |
| &nbsp;&nbsp;227 | &nbsp;&nbsp;Annual Governmental Lender Fee | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;228 | &nbsp;&nbsp;Annual Fiscal Agent Fee ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;229 | &nbsp;&nbsp;Annual Fiscal Agent Fee Payment Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;230 | &nbsp;&nbsp;First Annual Fiscal Agent Fee Payment Date | &nbsp;&nbsp;Loan Agreement |  |

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*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 15

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| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT B** |
| &nbsp;&nbsp;**Recalculation Methodology** |  |

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**Exhibit B - Recalculation Methodology**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Recalculation Methodology** |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Cut-off Balance | &nbsp;&nbsp;A recalculation in which the loan's amortization schedule was recreated. For each loan, we computed the principal balance outstanding as of the Cut-off Date based upon the respective loan's Original Principal Balance, Monthly Debt Service, Original Loan Term (months), Interest Calculation and Note Rate. For the purpose of this recalculation, we were instructed by the Company to assume all scheduled payments of principal and/or interest are made and that there are no prepayments or other unscheduled collections. |
| &nbsp;&nbsp;17 | &nbsp;&nbsp;Maturity Balance | &nbsp;&nbsp;A recalculation in which the loan's amortization schedule was recreated. For each loan, we computed the principal balance outstanding as of the respective loan's Maturity Date based upon the respective loan's Original Principal Balance, Monthly Debt Service, Original Loan Term (months), Interest Calculation and Note Rate. For the purpose of this recalculation, we were instructed by the Company to assume all scheduled payments of principal and/or interest are made and that there are no prepayments or other unscheduled collections. |
| &nbsp;&nbsp;18 | &nbsp;&nbsp;% of Cut-off Date Pool Balance | &nbsp;&nbsp;A recalculation in which the respective loan's Cut-off Balance was divided by the aggregate Cut-off Balance of the Mortgage Loan Assets. |
| &nbsp;&nbsp;19 | &nbsp;&nbsp;% of Cut-off Date Loan Group Balance | &nbsp;&nbsp;A recalculation in which the respective loan's Cut-off Balance was divided by the aggregate Cut-off Balance of the Mortgage Loan Assets within its Loan Group. |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Monthly Debt Service (IO) | &nbsp;&nbsp;A recalculation in which the respective loan's amortization schedule was recalculated. For each loan, we computed the interest only monthly debt service payment based upon the respective loan's Original Principal Balance, Note Rate, Interest Calculation, and Interest Only Term. "N/A", if there is no interest only period. |
| &nbsp;&nbsp;32 | &nbsp;&nbsp;Original Loan Term (months) | &nbsp;&nbsp;A recalculation in which the number of monthly payments occurring between the respective loan's First Payment Date and the corresponding Maturity Date were counted. |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Remaining Amortization | &nbsp;&nbsp;A recalculation in which the number of months of Seasoning as of Cut-off Date that exceed the Interest Only Term was deducted from the Original Amortization Term (months). |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Remaining Term | &nbsp;&nbsp;A recalculation in which the respective loan's Seasoning as of Cut-off Date was deducted from the corresponding Original Loan Term (months). |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Seasoning as of Cut Off Date | &nbsp;&nbsp;A recalculation in which the number of monthly payments occurring between the respective loan's First Payment Date, through and including, the Cut-off Date were counted. |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Interest Only Term | &nbsp;&nbsp;A recalculation in which the number of monthly payments occurring between the First Payment Date and the first payment date in which principal and interest shall be payable were counted. |
| &nbsp;&nbsp;52 | &nbsp;&nbsp;Cut-off Balance Per Unit | &nbsp;&nbsp;A recalculation in which the respective loan's Cut-off Balance was divided by the corresponding Number of Units. |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;LTV at Cutoff | &nbsp;&nbsp;A recalculation in which the respective loan's Cut-off Balance was divided by the corresponding Appraised Value. |

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*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 16

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| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT B** |
| &nbsp;&nbsp;**Recalculation Methodology** |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Recalculation Methodology** |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;LTV at Maturity | &nbsp;&nbsp;A recalculation in which the respective loan's Maturity Balance was divided by the corresponding Appraised Value. |
| &nbsp;&nbsp;66 | &nbsp;&nbsp;U/W NOI | &nbsp;&nbsp;A recalculation in which the U/W Expenses was subtracted from the U/W EGI. |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;U/W NCF | &nbsp;&nbsp;A recalculation in which the Underwritten Annual Reserves was subtracted from the U/W NOI. |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;U/W DSCR (NCF) | &nbsp;&nbsp;A recalculation in which the respective loan's U/W NCF was divided by the corresponding annual debt service payment. The annual debt service payment was calculated by multiplying the sum of the respective loan's Monthly Debt Service and any additional senior debt amortizing monthly debt service (if applicable) by twelve. |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;U/W IO DSCR (NCF) | &nbsp;&nbsp;"N/A", if the loan's Monthly Debt Service (IO) was N/A; or<br>A recalculation in which the respective loan's U/W NCF was divided by the corresponding annual debt service payment. The annual debt service payment was calculated by multiplying the sum of the respective loan's Monthly Debt Service (IO) and any additional senior debt amortizing monthly debt service (if applicable) by twelve. |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Most Recent NOI | &nbsp;&nbsp;A recalculation in which the Most Recent Expenses was subtracted from the Most Recent EGI. |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Most Recent DSCR (NCF) | &nbsp;&nbsp;A recalculation in which the respective loan's Most Recent NCF was divided by the corresponding annual debt service payment. The annual debt service payment was calculated by multiplying the sum of the respective loan's Monthly Debt Service and any additional senior debt amortizing monthly debt service (if applicable) by twelve. |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;2nd Most Recent NOI | &nbsp;&nbsp;A recalculation in which the 2nd Most Recent Expenses was subtracted from the 2nd Most Recent EGI. |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;2nd Most Recent DSCR (NCF) | &nbsp;&nbsp;A recalculation in which the respective loan's 2nd Most Recent NCF was divided by the corresponding annual debt service payment. The annual debt service payment was calculated by multiplying the sum of the respective loan's Monthly Debt Service and any additional senior debt amortizing monthly debt service (if applicable) by twelve. |
| &nbsp;&nbsp;86 | &nbsp;&nbsp;3rd Most Recent NOI | &nbsp;&nbsp;A recalculation in which the 3rd Most Recent Expenses was subtracted from the 3rd Most Recent EGI. |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;3rd Most Recent DSCR (NCF) | &nbsp;&nbsp;A recalculation in which the respective loan's 3rd Most Recent NCF was divided by the corresponding annual debt service payment. The annual debt service payment was calculated by multiplying the sum of the respective loan's Monthly Debt Service and any additional senior debt amortizing monthly debt service (if applicable) by twelve. |
| &nbsp;&nbsp;89 | &nbsp;&nbsp;Occupancy Rate | &nbsp;&nbsp;A recalculation in which the total number of occupied units was divided by the property's total Number of Units. For the purposes of computing the occupied units, the Company instructed that if a unit contained two beds, the unit was considered occupied if one or more of the beds was occupied per the rent roll. |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Monthly Rent per Unit | &nbsp;&nbsp;A recalculation in which the sum of the actual rate and subsidy actual rate was divided by the Number of Units. For purposes of this calculation, a gross-up of the non-revenue generating units (vacant, model and down units) to the estimated market rental rate was added to the monthly rental income. |

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*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 17

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| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT B** |
| &nbsp;&nbsp;**Recalculation Methodology** |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Recalculation Methodology** |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;% of GPR from Commercial Rental Income | &nbsp;&nbsp;A recalculation in which the gross potential commercial rental income was divided by the property's total gross potential rental income (residential plus commercial). |
| &nbsp;&nbsp;174 | &nbsp;&nbsp;CDCR (Combined DCR) | &nbsp;&nbsp;A recalculation in which the respective loan's U/W NCF was divided by the sum of the corresponding annual debt service payment for the loan and the annual debt service payment related to the Additional Financing Amount (existing), excluding any unsecured financing and soft pay debt. The combined annual debt service payments were calculated by multiplying the sum of the respective loan's Monthly Debt Service and the monthly debt service of the Additional Financing Amount (existing), excluding unsecured financing and soft pay debt, by twelve. |
| &nbsp;&nbsp;175 | &nbsp;&nbsp;CLTV (Combined LTV) | &nbsp;&nbsp;A recalculation in which the sum of the respective loan's Cut-off Balance and the Additional Financing Amount (existing), excluding unsecured financing and soft pay debt, was divided by the Appraised Value of the corresponding mortgaged property. |
| &nbsp;&nbsp;190 | &nbsp;&nbsp;Affiliated Borrowers Group Name | &nbsp;&nbsp;A recalculation in which borrower relationships were identified based on shared Borrower Principal names. Related groups were then assigned numbers based on the aggregate Cut-off Balance of the related group (starting with Group 1 being largest). |
| &nbsp;&nbsp;200 | &nbsp;&nbsp;Environmental Indemnitor (Name or N/A) | &nbsp;&nbsp;A recalculation in which this attribute is set equal to Bad Boy Indemnitor / Guarantor. |
| &nbsp;&nbsp;217 | &nbsp;&nbsp;Administration Fee | &nbsp;&nbsp;A recalculation in which the Primary Servicing Fee, Master Servicing Fee, Trustee Fee, Master Servicing Surveillance Fee, Special Servicing Surveillance Fee, and CREFC Royalty Fee are summed. |
| &nbsp;&nbsp;218 | &nbsp;&nbsp;Net Mortgage Rate | &nbsp;&nbsp;A recalculation in which the Administration Fee was deducted from the Note Rate. |

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*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 18

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| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT C** |
| &nbsp;&nbsp;**Methodologies (as provided by the Company)** |  |

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**Exhibit C - Methodologies (as provided by the Company)**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Methodology** |
| &nbsp;&nbsp;6 | &nbsp;&nbsp;Address (Street) | &nbsp;&nbsp;We were instructed by the Company to show only the primary address even if multiple were listed in the Appraisal Report or Engineering Report. |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Appraised Value Type | &nbsp;&nbsp;We were instructed by the Company to only show "As-Is", "As-Is (Rent Restricted)", "As-Stabilized" and "As-Stabilized (Rent Restricted)". |
| &nbsp;&nbsp;48; 49; 50 | &nbsp;&nbsp;Affordable LI Units (<=80% AMI); Affordable LI Units (<=60% AMI); Affordable VLI Units (<=50% AMI) | &nbsp;&nbsp;We were instructed by the Company to show the units rounded down to a whole number. |
| &nbsp;&nbsp;52; 62; 63; 69; 70; 76; 82; 88 | &nbsp;&nbsp;Cut-off Balance Per Unit; LTV at Cutoff; LTV at Maturity; U/W DSCR (NCF); U/W IO DSCR (NCF); Most Recent DSCR (NCF); 2nd Most Recent DSCR (NCF); 3rd Most Recent DSCR (NCF) | &nbsp;&nbsp; All Mortgage Loan Assets with the same Crossed Loans description were considered to be a crossed collateralized group (a "Crossed Loan Group"). All Mortgage Loan Assets in the Crossed Loan Group are treated as having the same Cut-off Balance Per Unit, LTV at Cutoff, LTV at Maturity, U/W DSCR (NCF), U/W IO DSCR (NCF), Most Recent DSCR (NCF), 2nd Most Recent DSCR (NCF), and 3rd Most Recent DSCR (NCF). These Specified Attributes, except for the Cut-off Balance Per Unit, reflect, in each case, a weighted average of the respective individual ratio for each loan in the Crossed Loan Group, weighted based on the Cut-off Balance for such loan relative to the aggregate Cut-off Balance for all of the loans in the Crossed Loan Group. The Cut-off Balance Per Unit for the loans in the Crossed Loan Group is based on the aggregate Cut-off Balance for all of the loans in the Crossed Loan Group and the aggregate Number of Units of all of the properties securing such loans. <br>For Mortgage Loan Assets with a "Taxable Supplemental" loan identified in Additional Financing Description (existing), we were instructed to include such loan when recalculating Cut-off Balance Per Unit, LTV at Cutoff, LTV at Maturity, U/W DSCR (NCF), U/W IO DSCR (NCF), Most Recent DSCR (NCF), 2nd Most Recent DSCR (NCF), and 3rd Most Recent DSCR (NCF). Cut-off Balance Per Unit, Cut-Off Date LTV and Maturity LTV are based on the aggregate numerator of the recalculation. U/W DSCR (NCF), U/W IO DSCR (NCF), Most Recent DSCR (NCF), 2nd Most Recent DSCR (NCF), and 3rd Most Recent DSCR (NCF) are based on the aggregate denominator of the recalculation. |
| &nbsp;&nbsp;92; 93 | &nbsp;&nbsp;Tenant Concentration Type; % of Tenant Concentration | &nbsp;&nbsp;We were instructed by the Company to exclude units leased by graduate/medical students for student tenant concentration type. |
| &nbsp;&nbsp;107; 108 | &nbsp;&nbsp;Environmental Firm; Phase I Environmental Report Date | &nbsp;&nbsp;We were instructed by the Company to show "N/A (Physical Risk Report)" if an Environmental Report was not included in the Loan File and an Engineering Report (that is a physical risk report) is included in the Loan File. |

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*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 19

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| | |
|:---|:---|
| &nbsp;&nbsp;**Freddie Mac Structured Pass-Through Certificates, Series ML-34** | &nbsp;&nbsp;**EXHIBIT C** |
| &nbsp;&nbsp;**Methodologies (as provided by the Company)** |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp; **Specified Attribute** | &nbsp;&nbsp; **Methodology** |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;Environmental Cost to Cure (Phase I plus Phase II) | &nbsp;&nbsp;We were instructed by the Company to show "$0" if the aggregate costs did not exceed $5,000 and to show "N/A" if an Environmental Report was not included in the Loan File. |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;PML Report Required (Y/N) | &nbsp;&nbsp;We were instructed by the Company to show "No" when the Property Sub-Type is identified as "Manufactured Housing Community" or "MHC Age Restricted". |
| &nbsp;&nbsp;150 | &nbsp;&nbsp;Earthquake Insurance Required (Y/N) | &nbsp;&nbsp;We were instructed by the Company to show "No" if PML (%) is less than 20%. |
| &nbsp;&nbsp;178 | &nbsp;&nbsp;Future Secondary Financing Description | &nbsp;&nbsp;We were instructed by the Company to use a draft Loan Agreement as a Source Document for loan #6. |

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*www.pwc.com* *PricewaterhouseCoopers LLP 401 Broadhollow Road, Melville, NY 11747 T: 631-753-2700* 20