---
schema_version: "secwatch.filing_event.v1"
accession: "0001026214-22-000151"
form_type: "8-K"
ticker: "FMCC"
cik: "0001026214"
company_name: "FEDERAL HOME LOAN MORTGAGE CORP"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T02:39:10.773546+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Freddie Mac Q3 net income $1.3B, down 55% YoY; credit reserve build of $1.8B

## Summary
- Net income of $1.3B, down 55% YoY from $2.9B; net revenues $5.2B, down 1%.
- Provision for credit losses of $1.8B vs benefit of $0.2B in Q3 2021, driven by deteriorating housing market.
- Single-Family net income $0.8B (down 58% YoY); Multifamily net income $0.5B (down 47% YoY).
- New business activity $121B, down 60% YoY as refinance volume plunged; serious delinquency rate fell to 0.67% from 1.46%.
- Helped 542,000 households (392,000 single-family homes + 150,000 rental units); 56% of eligible loans affordable to low/moderate income.

## SEC filing metadata
- accession: 0001026214-22-000151
- form_type: 8-K
- ticker: FMCC
- cik: 0001026214
- company_name: FEDERAL HOME LOAN MORTGAGE CORP
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1026214/000102621422000151/0001026214-22-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1026214/000102621422000151/fmcc-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001026214-22-000151
- JSON: https://secwatch.observer/filing/0001026214-22-000151.json
- Plain text: https://secwatch.observer/filing/0001026214-22-000151.txt

## Key facts
- Earnings Releases
  FEDERAL HOME LOAN MORTGAGE CORP reported the quarter ended September 30, 2022 results: revenue $5.2 billion, net income $1.3 billion.
  - Period: the quarter ended September 30, 2022
  - Revenue: $5.2 billion
  - Net income: $1.3 billion
  - Result: reported results
  source text: McLean, VA — Freddie Mac (OTCQB: FMCC) today reported net income of $1.3 billion for the third quarter of 2022, a decrease of 55% year-over-year, primarily driven by a credit reserve build in Single-Family. Net revenues were $5.2 billion, down 1% year-over-year,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1026214/000102621422000151/0001026214-22-000151-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.