secwatch.observer — SEC 8-K summary
======================================

Issuer:     FEDERAL HOME LOAN MORTGAGE CORP (FMCC)
CIK:        0001026214
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001026214-23-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freddie Mac Q2 net income $2.9B, up 20% YoY; credit benefit drives earnings
---------------------------------------------------------------------------

- Net income $2.9B ($2,944M) vs $2.5B YoY; comprehensive income $2.9B.
- Single-Family net income $2.4B (benefit for credit losses $0.6B); Multifamily net income $0.6B (+98% YoY).
- Net revenues $5.3B (down 1% YoY); net interest income $4.5B (down 5%).
- New business activity $83B (down 40%); serious delinquency rate 0.56% (down from 0.76%).
- Mortgage portfolio $3.4T (up 3%); net worth $42.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026214/000102621423000076/0001026214-23-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026214/000102621423000076/fmcc-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001026214-23-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer