||On a monthly basis, Freddie Mac publishes pool-level delinquency disclosures on its
single-family PC and Giant PC securities on the companys Web site, www.FreddieMac.com/mbs. These
monthly disclosures include for each PC and Giant PC the loan count and associated aggregate UPB
for mortgage loans that fall into one of four delinquency groups: 30-59 days delinquent, 60-89 days
delinquent, 90-119 days delinquent, and 120 days or more delinquent. Additionally, the monthly
disclosures include information about certain seriously delinquent loans purchased by Freddie Mac
from each PC and Giant PC. Generally, we purchase these delinquent loans, and thereby extinguish
the related PC debt, at the scheduled PC debt payment date, unless the loans proceed to foreclosure
transfer, complete a foreclosure alternative or are paid in full by the borrower before such date.
As of October 31, 2011, there were approximately $3.0 billion in UPB of loans that were four
monthly payments past due, and that met our criteria to allow for the purchase of delinquent
mortgage loans out of PC pools.