Freddie Mac Officially Launches REO Rental Initiative for Tenants, Owner-
Occupants After Foreclosure
Freddie Mac (NYSE: FRE) announced the official launch of its new REO
Rental Initiative giving qualified tenants and former owners the option to lease their recently foreclosed
properties on a month-to-month basis. The REO Rental Initiative will be managed by HomeSteps®,
Freddie Mac's national real estate unit, and implemented through several national property management
firms. Freddie Mac also announced it will continue to suspend all eviction actions until April 1, 2009 to ensure
there is ample time for current occupants to learn about the options available to them under the new
initiative. Freddie Mac's REO Rental Initiative can help ease a foreclosure's impact by giving renters and
former owners more time to determine what options are best for them and their families. At the same time, the
REO Rental Initiative helps stabilize property values and local communities by keeping homes occupied and
