Freddie Mac ( (FMCC) ) has released its Q1 earnings. Here is a breakdown of the information Freddie Mac presented to its investors.
Freddie Mac, a leading player in the U.S. housing finance sector, is dedicated to promoting liquidity, stability, and affordability in the housing market through its extensive mortgage and rental financing services. In the first quarter of 2025, Freddie Mac reported a net income of $2.8 billion, marking a 1% increase from the previous year, with net revenues reaching $5.9 billion, driven by higher net interest income despite a decline in non-interest income. The company financed 224,000 mortgages and 89,000 rental units, with a significant portion supporting low- to moderate-income families and first-time homebuyers. The company’s mortgage portfolio grew to $3.6 trillion, with a serious delinquency rate remaining stable at 0.59%. Freddie Mac’s strategic focus on credit enhancements saw 62% of its mortgage portfolio covered, while its multifamily segment faced challenges with a 35% decline in net income year-over-year. Looking ahead, Freddie Mac remains committed to its mission of making homeownership and rental opportunities more accessible, while working with regulatory bodies to streamline operations and enhance cost efficiencies.