FEDERAL HOME LOAN MORTGAGE CORP 8K

For the quarter ended June 30, 2026, Freddie Mac reported net income of $3.8 billion and an increased net worth of $78 billion, driven by credit reserve releases and higher net interest income, while expanding its $3.7 trillion mortgage portfolio and financing 439,000 housing units under FHFA conservatorship.

Freddie Mac reported strong financial results for the quarter ended June 30, 2026, with net income of $3.8 billion, up 61% year-over-year, driven primarily by a $0.9 billion benefit for credit losses tied to credit reserve releases in the Single-Family segment and higher net interest income from portfolio growth and a shift toward fully guaranteed Multifamily securitizations. Net revenues were $6.0 billion, essentially flat year-over-year as higher net interest income was offset by lower non-interest income due to net investment losses and reduced guarantee income, while non-interest expenses declined 3% on lower salaries and benefits. The company’s total mortgage portfolio reached approximately $3.7 trillion (about $3.2 trillion Single-Family and $505 billion Multifamily), its net worth increased to $78 billion under FHFA conservatorship, and it financed 306,000 single-family mortgages (52% to first-time buyers and 54% of eligible loans affordable to low- to moderate-income families) and 133,000 rental units (91% of eligible units affordable to low- to moderate-income families), reflecting both solid profitability and continued fulfillment of its housing liquidity and affordability mission. Conservatorship-related metrics showed the senior preferred stock liquidation preference rising to $146.6 billion as capital builds, with $140.2 billion of remaining Treasury funding commitment and no dividend required to be paid to Treasury in June 2026, while credit quality remained strong with a 0.60% serious delinquency rate in Single-Family and a 0.51% Multifamily delinquency rate despite slight upticks year-over-year.

Filing Facts

CIK

1026214

Ticker

-

Form

8K

Source Type

sec

Accession

0001026214-26-000047

Alert Tier

6