Freddie Mac(DE:FHL)
€3.53+0.05 (+1.44%)
DE:FHL
Freddie Mac earnings date
€3.53
At close:+0.05 (+1.44%)
Freddie Mac (FHL) Q3 2026 Earnings Report
2 Followers
DE:FHL Q3 2026 EPS Results
- Actual EPS
- EUR 0.90
- Consensus EPS
- EUR 0.85
- Beat/Miss
- Beat by +EUR 0.04
- One Year Ago EPS
- EUR 0.77
DE:FHL Q3 2026 Revenue Results
- Actual Revenue
- EUR 30.25B
- Expected Revenue
- EUR 5.50B
- Beat/Miss
- Beat by +EUR 24.75B
- YoY Revenue Growth
- +0.65%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- Before Open
- Conference Call
- Thursday, October 29, 2026
DE:FHL Upcoming Earnings
Freddie Mac's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:FHL Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was generally positive, with strong year-over-year growth in net income, net revenue, net worth, portfolio size, single-family earnings, and multifamily earnings, alongside continued housing-market support and operational efficiency efforts. The company also reported solid new-business credit metrics and expanded affordable-housing activity. These positives were tempered by higher credit-loss provisions, increased delinquency rates, elevated mortgage rates, weaker multifamily new business activity, challenging multifamily market conditions, and a $98 billion capital shortfall excluding buffers.
Company Guidance
The current forecast assumes house prices will grow by 1.3% over the next 12 months and 1.5% over the subsequent 12 months; the shift toward fully guaranteed securitizations is expected to enhance the stability of multifamily earnings over time, while Freddie Mac remains focused on providing liquidity throughout the economic cycle, supporting sustainable homeownership, and making housing finance more efficient and affordable.
- Support for 420,000 Families and Affordable HousingFreddie Mac's support during the third quarter helped 420,000 families buy, refinance or rent a home. The majority of financed houses and apartments were affordable to working families earning 120% or less of area median income, including 91% of eligible rental units and 56% of single-family homes. Among primary-residence purchasers, 51% were first-time homebuyers.
- Net Income and Net Worth GrowthThird-quarter net income was $3.2 billion, up 17% year-over-year. Net worth reached nearly $81 billion, up 20% year-over-year, strengthening Freddie Mac's financial foundation and capacity to support the housing market.
- Mortgage Portfolio and Market Liquidity ExpansionThe total mortgage portfolio increased 2% year-over-year to nearly $3.7 trillion, including a 1% increase in single family and a 6% increase in multifamily. Freddie Mac provided $114 billion of liquidity to the U.S. housing market.
- Net Revenue GrowthNet revenues grew 19% year-over-year to $6.8 billion, driven primarily by higher non-interest income and a $422 million, or 8%, increase in net interest income. Net interest yield increased 3 basis points year-over-year to 67 basis points, reflecting the positive impact of scale.
- Higher Non-Interest IncomeNon-interest income was $933 million, up $649 million from the prior-year quarter. The increase was driven by interest rate risk management activities.
- Improved Expense Discipline and Technology InvestmentThird-quarter non-interest expense was nearly $2 billion, down 6% year-over-year, reflecting continued focus on operational efficiency and expense discipline. Freddie Mac is simplifying how it operates, using technology to improve productivity, and continuing to invest in capabilities that strengthen the business and support the housing market over the long term.
- Strong Single-Family Segment ResultsSingle-family net income was $2.7 billion, up 16% year-over-year. Segment net interest income was $5.3 billion, up $247 million, or 5%, driven by continued mortgage portfolio growth.
- Single-Family Credit Profile and Workout SupportFreddie Mac helped approximately 21,000 families remain in their homes through loan workouts. At quarter end, 60% of the single-family portfolio had some form of credit enhancement, with a weighted average current loan-to-value ratio of 54% and a weighted average current credit score of 755.
- Single-Family New Business Volume and Credit QualityFreddie Mac acquired $98 billion of new single-family business during the quarter. Purchased loans accounted for 81% of originations and refinance loans accounted for 19%. New business had an average estimated loan-to-value ratio of 77%, flat year-over-year, and a weighted average original credit score of 759, compared with 756 in the prior-year quarter. The weighted average debt-to-income ratio trend remained flat year-over-year.
- Expansion of VantageScore 4.0 AvailabilityEffective September 2026, all sellers could use VantageScore 4.0 without prior written approval when originating and selling eligible mortgages to Freddie Mac. During the quarter, 6% of acquired loans were assessed using VantageScore 4.0 for pricing. Freddie Mac stated that broader use supports a more modern and competitive credit scoring system with the potential to lower cost and advance housing affordability.
- Multifamily Segment Earnings GrowthMultifamily net income was $521 million, up 22% year-over-year. Net revenues increased 17% year-over-year to $1 billion, while net interest income increased 43% as the business strategy shifted toward fully guaranteed securitizations. Freddie Mac stated that this shift is expected to enhance the stability of multifamily earnings over time.
- Growth in Fully Guaranteed SecuritizationsFreddie Mac securitized nearly $17 billion of multifamily loans during the quarter, with nearly all of the volume consisting of fully guaranteed securitizations. Fully guaranteed securitizations increased 31% year-over-year, consistent with the strategy shift.
- Multifamily Affordable Housing and Portfolio GrowthYear-to-date, 66% of multifamily new business activity based on unpaid principal balance was mission-driven affordable housing. The multifamily mortgage portfolio reached $510 billion at quarter end, up 6% year-over-year.
- Higher Guarantee Fee RateThe average guarantee fee rate on total guarantee exposures increased to 60 basis points, up 6 basis points from the prior-year quarter, primarily due to continued growth in fully guaranteed securitization issuances, for which Freddie Mac charges higher guarantee fee rates.
- Capital Position Strengthened by Retained EarningsRetained earnings increased available capital by $45 billion since the end of 2022. Freddie Mac stated that its growing financial strength and disciplined risk management provide greater capacity to provide liquidity throughout the economic cycle, support sustainable homeownership, and improve housing finance efficiency and affordability.
- Modest House Price Growth and Continued Housing DemandHouse prices rose 0.5% during the third quarter, compared with a 0.2% increase in the third quarter of 2025. Freddie Mac stated that, despite elevated mortgage rates, the market remained supported by modest house price growth and continued housing demand. Its current forecast assumes house prices will grow 1.3% over the next 12 months and 1.5% over the subsequent 12 months.
DE:FHL Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 18, 2027 | 2026 (Q4) | 0.84- | 0.77 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 0.850.90 | 0.77 | 16.69% (+0.13) | |
| Jul 30, 2026 | 2026 (Q2) | 0.791.06 | 0.66 | 60.84% (+0.40) | |
| Apr 30, 2026 | 2026 (Q1) | 0.810.98 | 0.77 | 27.31% (+0.21) | |
| Feb 12, 2026 | 2025 (Q4) | 0.790.77 | 0.01 | 8490.00% (+0.76) | |
| Oct 30, 2025 | 2025 (Q3) | 0.760.77 | -0.02 | 4385.00% (+0.79) | |
| Jul 31, 2025 | 2025 (Q2) | 0.840.66 | 0 | ― | |
| May 01, 2025 | 2025 (Q1) | 0.830.77 | 0.01 | 8540.00% (+0.76) | |
| Feb 13, 2025 | 2024 (Q4) | 0.820.01 | -0.04 | 120.00% (+0.05) | |
| Oct 30, 2024 | 2024 (Q3) | 0.81-0.02 | -0.01 | -100.00% (-0.01) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
