Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Kellermann David Brian
 2. Date of Event Requiring Statement (Month/Day/Year)
07/18/2008		 3. Issuer Name and Ticker or Trading Symbol
FEDERAL HOME LOAN MORTGAGE CORP [FRE]
(Last)
(First)
(Middle)
8200 JONES BRANCH DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP-Corp Ctlr & Prin Acctg Off
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MCLEAN, VA 22102		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 43,051
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock-Options   (1) 03/04/2009 Common Stock 340 $ 60.75 D  
Common Stock-Options   (2) 09/09/2009 Common Stock 430 $ 52.81 D  
Common Stock-Options   (3) 03/02/2010 Common Stock 450 $ 41.38 D  
Common Stock-Options   (4) 03/02/2010 Common Stock 610 $ 41.38 D  
Common Stock-Options   (5) 09/07/2010 Common Stock 630 $ 44.78 D  
Common Stock-Options   (6) 03/01/2011 Common Stock 220 $ 67.85 D  
Common Stock-Options   (7) 03/01/2011 Common Stock 340 $ 67.85 D  
Common Stock-Options   (8) 03/01/2011 Common Stock 390 $ 67.85 D  
Common Stock-Options   (9) 02/29/2012 Common Stock 1,490 $ 64.35 D  
Common Stock-Options   (10) 03/12/2013 Common Stock 1,210 $ 52.65 D  
Common Stock-Options   (11) 03/31/2014 Common Stock 2,610 $ 59.51 D  
Common Stock-Options   (12) 04/10/2015 Common Stock 2,680 $ 62.79 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kellermann David Brian
8200 JONES BRANCH DRIVE
MCLEAN, VA 22102		       SVP-Corp Ctlr & Prin Acctg Off  

Signatures

/s/ Claudia Jaques as attorney-in-fact for David B. Kellermann 07/18/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The option vested over five years. 25% vested after 24 months on March 2, 2001 and 25% vested on each of March 5, 2002, March 5, 2003 and March 5, 2004.
(2) The option vested in three years. 25% of the option vested on each of September 10, 2000 and September 10, 2001 and 50% vested on September 10, 2002.
(3) The option vested in three years. 25% of the option vested on each of March 3, 2001 and March 3, 2002 and 50% vested on March 3, 2003.
(4) The option vested over five years. 25% vested after 24 months on March 3, 2002 and 25% vested on each of March 3, 2003, March 3, 2004 and March 3, 2005.
(5) The option vested in three years. 25% of the option vested on each of September 8, 2001 and September 8, 2002 and 50% vested on September 8, 2003.
(6) The option vested in three years. 25% of the option vested on each of March 2, 2002 and March 2, 2003 and 50% vested on March 2, 2004.
(7) The option vested in three years. 25% of the option vested on each of March 2, 2002 and March 2, 2003 and 50% vested on March 2, 2004.
(8) The option vested over five years. 25% vested after 24 months on March 2, 2003 and 25% vested on each of March 2, 2004, March 2, 2005 and March 2, 2006.
(9) The option vested over five years. 25% vested after 24 months on March 1, 2004 and 25% vested on each of March 1, 2005, March 1, 2006 and March 1, 2007.
(10) The option vested over five years. 25% vested after 24 months on March 13, 2005 and 25% vested on each of March 13, 2006, March 13, 2007 and March 13, 2008.
(11) The option vested in four equal annual installments on each of April 1, 2005, April 1, 2006, April 1, 2007 and April 1, 2008.
(12) The option is exercisable in four equal annual installments. The first three installments became exercisable on each of April 11, 2006, April 11, 2007 and April 11, 2008 and the final installment becomes exercisable on April 11, 2009.

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