---
schema_version: "secwatch.filing_event.v1"
accession: "0001026214-23-000045"
form_type: "8-K"
ticker: "FMCC"
cik: "0001026214"
company_name: "FEDERAL HOME LOAN MORTGAGE CORP"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-15T23:56:10.874282+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Freddie Mac Q1 net income $2.0B down 47% YoY; credit reserve build vs prior year benefit

## Summary
- Net income $2.0B, down 47% YoY from $3.8B; provision for credit losses $0.4B vs benefit of $0.8B in prior year.
- Net revenues $4.8B, down 17% YoY; net interest income up 10% to $4.5B, non-interest income fell 81% to $0.3B.
- Single-Family net income $1.7B (-51%); new business activity $59B, down 72% YoY as higher rates cut purchase and refinance.
- Multifamily net income $0.3B (-18%); financed 60,000 rental units, 89% affordable to low/moderate-income families.
- Mortgage portfolio $3.4T, up 4% YoY; serious delinquency rate 0.62%, down from 0.92% prior year.

## SEC filing metadata
- accession: 0001026214-23-000045
- form_type: 8-K
- ticker: FMCC
- cik: 0001026214
- company_name: FEDERAL HOME LOAN MORTGAGE CORP
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1026214/000102621423000045/0001026214-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1026214/000102621423000045/fmcc-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001026214-23-000045
- JSON: https://secwatch.observer/filing/0001026214-23-000045.json
- Plain text: https://secwatch.observer/filing/0001026214-23-000045.txt

## Key facts
- Earnings Releases
  FEDERAL HOME LOAN MORTGAGE CORP reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: On May 3, 2023, Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation) announced its results of operations for the quarter ended March 31, 2023. A copy of the related press release for the quarter ended March 31, 2023 is being filed as Exhibit 99.1 to this report and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1026214/000102621423000045/0001026214-23-000045-index.htm

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