Item 1.01. Entry into a Material Definitive Agreement.
On September 14, 2021, Freddie Mac (formally known as the Federal Home Loan
Mortgage Corporation), acting through the Federal Housing Finance Agency (FHFA)
as its Conservator, and the U.S. Department of the Treasury (Treasury) entered
into a letter agreement (Letter Agreement). The Letter Agreement suspends
certain requirements that were added on January 14, 2021 to the Amended and
Restated Senior Preferred Stock Purchase Agreement dated as of September 26,
2008, as amended (Purchase Agreement), between Treasury and Freddie Mac, acting
through FHFA as its Conservator.
The Letter Agreement suspended the requirements under the Purchase Agreement
related to our cash window activities in section 5.12(c), multifamily loan
purchase activity in section 5.13, acquisitions of single-family loans with
certain loan-to-value, debt-to-income, and credit score characteristics at
origination in section 5.14(a), and acquisitions of single-family loans secured
by investment properties and second homes in section 5.14(b). Each such
suspension shall terminate on the later of September 14, 2022 and six months
after Treasury so notifies Freddie Mac. For a description of the January 14,
2021 amendments to the Purchase Agreement, see our Annual Report on Form 10-K
filed on February 11, 2021 (the 2020 Annual Report), under the heading "MD&A -
Regulation and Supervision - Legislative and Regulatory Developments - January
2021 Letter Agreement with Treasury."
The description of the Letter Agreement in this report is qualified in its
entirety by reference to the full text of the Letter Agreement, which is filed
as Exhibit 10.1 to this report and is incorporated herein by reference.
As a result of our previous issuance to Treasury of a warrant to purchase shares
of our common stock equal to 79.9% of the total number of shares of our common
stock outstanding, on a fully diluted basis, we are deemed a related party to
the U.S. government. For a discussion of our relationship and transactions with
Treasury, see our 2020 Annual Report, under the headings "Introduction - About
Freddie Mac - Conservatorship and Government Support for Our Business," "MD&A -
Conservatorship and Related Matters - Purchase Agreement, Warrant, and Senior
Preferred Stock," and "Note 2: Conservatorship and Related Matters - Related
Parties as a Result of Conservatorship."
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits listed in the Exhibit Index below are being filed as part of this
report.
Exhibit Number                Description of Exhibit

         10.1                   Letter Agreement dated September 14, 2021

between the United States Department


                              of the Treasury and the Federal Home Loan

Mortgage Corporation, acting through


                              the Federal Housing Finance Agency as its

Conservator


         104                  Cover Page Interactive Data File (embedded

within the Inline XBRL document)

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Freddie Mac Form 8-K

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