Item 8.01 Other Events.

Draw Under the Senior Preferred Stock Purchase Agreement

As previously disclosed, at September 30, 2008, Freddie Mac's (formally the Federal Home Loan Mortgage Corporation) liabilities exceeded its assets under generally accepted accounting principles by $(13.7) billion, and stockholders' equity (deficit) totaled $(13.8) billion. On November 24, 2008, pursuant to a request by the Director of the Federal Housing Finance Agency, the U.S. Department of the Treasury (Treasury) provided $13.8 billion in immediately available funds to Freddie Mac in accordance with the terms of the Senior Preferred Stock Purchase Agreement between Freddie Mac and Treasury, in order to address the $13.8 billion deficit in stockholders' equity that existed at September 30, 2008. As a result of this draw, the aggregate liquidation preference of the senior preferred stock has increased from $1.0 billion to $14.8 billion.

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