secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL HOME LOAN MORTGAGE CORP (FMCC)
CIK:        0001026214
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001026214-23-000105
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026214/000102621423000105/0001026214-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026214/000102621423000105/fmcc-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001026214-23-000105

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