NEW YORK (Standard&Poor's) Jan. 15, 2009--Standard&Poor's Ratings Services reviewed today Freddie Mac's proposed Omnibus Amendment and Agreement to Credit Enhancement Agreements (FMOAA). Standard&Poor's concluded the proposed amendment upon execution will not adversely affect the then current ratings based on Freddie Mac's credit enhancement agreements. Currently, trustees submit completed exhibits to Freddie Mac via fax in order to receive timely payments of principal and interest for debt service or tenders. The FMOAA modifies these draw instructions and will permit trustees to access credit enhancement agreement funds through use of Freddie Mac's wire request system. The system is a web-based application designed to facilitate payment of draw requests. Alternate systems are available if the wire request
