---
schema_version: "secwatch.filing_event.v1"
accession: "0001026214-23-000105"
form_type: "8-K"
ticker: "FMCC"
cik: "0001026214"
company_name: "FEDERAL HOME LOAN MORTGAGE CORP"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:51:01.361462+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Freddie Mac Q3 net income $2.7B, up 104% YoY; new business activity down 30%

## Summary
- Net income $2.7B (+104% YoY); net revenues $5.7B (+10%) driven by credit reserve release and higher net interest income.
- Single-Family net income $2.3B (+176%); Multifamily net income $0.4B (-23% YoY).
- Benefit for credit losses $0.3B vs provision $1.8B in 2022; non-interest expense $2.6B (+41%) includes $0.3B legal accrual.
- New business activity $85B (-30% YoY) due to higher mortgage rates; serious delinquency rate 0.55% vs 0.67%.
- Financed 389,000 households (271k home loans, 118k rental units); net worth $44.7B.

## SEC filing metadata
- accession: 0001026214-23-000105
- form_type: 8-K
- ticker: FMCC
- cik: 0001026214
- company_name: FEDERAL HOME LOAN MORTGAGE CORP
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1026214/000102621423000105/0001026214-23-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1026214/000102621423000105/fmcc-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001026214-23-000105
- JSON: https://secwatch.observer/filing/0001026214-23-000105.json
- Plain text: https://secwatch.observer/filing/0001026214-23-000105.txt

## Key facts
- Earnings Releases
  FEDERAL HOME LOAN MORTGAGE CORP reported for the quarter ended September 30, 2023 results: revenue $5.7 billion, net income $2.7 billion.
  - Period: for the quarter ended September 30, 2023
  - Revenue: $5.7 billion
  - Net income: $2.7 billion
  - Result: reported results
  source text: primarily driven by a credit reserve release in Single-Family in the current period compared to a credit reserve build in Single-Family in the prior period. • Net revenues of $5.7 billion, an increase of 10% year-over-year, driven by higher net interest income and non-interest income. • Benefit for credit losses of $0.3 billion, primarily driven by increases in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1026214/000102621423000105/0001026214-23-000105-index.htm

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