Freddie Mac reported net income of $3.8 billion for the second quarter of 2026 and net revenues of $6.0 billion, driven by higher net interest income and a credit reserve release in Single‑Family. Net worth rose to $77.8 billion as of June 30, 2026, while the company financed about 439,000 homes and rental units during the quarter. Management cited updates to house price scenario processes and shifts in Multifamily strategy as key drivers of period results.
Financial Highlights
- Net income: $3.8 billion for 2Q 2026 (up 61% year-over-year).
- Net revenues: $6.0 billion for 2Q 2026 (up 1% year-over-year).
- Net interest income: $6.01 billion for 2Q 2026 (up 13% year-over-year).
- Benefit for credit losses: $0.9 billion for 2Q 2026 (credit reserve release, primarily Single‑Family).
- Non‑interest expense: $2.10 billion for 2Q 2026 (down 3% year-over-year).
Business Highlights
- Market liquidity provided of $128 billion during the quarter, supporting mortgage markets.
- Financed 439,000 homes and rental units in 2Q 2026, including 306,000 single‑family mortgages and 133,000 multifamily rental units.
- 54% of eligible single‑family loans and 91% of eligible multifamily units financed were affordable to families at or below 120% and 120% of AMI, respectively; 72% of multifamily units were affordable to families at or below 80% of AMI.
- Single‑Family purchase activity: 200,000 purchase borrowers in the quarter; first‑time homebuyers represented 52% of new single‑family purchase loans.
- Multifamily strategic shift to a higher share of fully guaranteed securitizations increased net interest income and securitization issuance composition.
Original SEC Filing:
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