secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL HOME LOAN MORTGAGE CORP (FMCC)
CIK:        0001026214
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001026214-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freddie Mac Q4 net income $2.9B, up 65% YoY; full-year $10.5B, up 13%
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- Net income of $2.9B for Q4 2023, up 65% YoY; full-year 2023 net income $10.5B, up 13% YoY.
- Net revenues $5.4B, up 11% YoY, driven by higher net interest income and non-interest income.
- Benefit for credit losses $0.5B in Q4 vs. provision of $0.6B in Q4 2022, due to house price improvements.
- Single-Family net income $2.7B, up 80% YoY; Multifamily net income $0.3B, down 10% YoY.
- Net worth increased to $47.7B; total mortgage portfolio $3.5T, up 2% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026214/000102621424000026/0001026214-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026214/000102621424000026/fmcc-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001026214-24-000026

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