Freddie Mac Q1 2024 net income $2.8B, up 39% YoY; net revenue $5.8B, up 19% YoY

FEDERAL HOME LOAN MORTGAGE CORP

2024-Q1 EPS reported $0.01

Net income of $2.8B, up 39% YoY; net revenues $5.8B, up 19% YoY; net interest income $4.8B (+6%).
Single-Family net income $1.9B (+16% YoY); Multifamily net income $0.8B (vs $0.3B YoY).
Serious delinquency rate improved to 0.52% from 0.62% YoY; mortgage portfolio $3.5T (+2% YoY).
Financed 279,000 homes/rental units; 54% of single-family loans affordable to low/moderate income.
Net worth $50.5B, up $2.7B from prior quarter; conservatorship metrics unchanged.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FEDERAL HOME LOAN MORTGAGE CORP reported the quarter ended March 31, 2024 results: revenue $5.8 billion, net income $2.8 billion.

Period: the quarter ended March 31, 2024
Revenue: $5.8 billion
Net income: $2.8 billion
Result: reported results

Exact text from the filing

Net revenues were $5.8 billion for the first quarter of 2024

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Source: SEC EDGAR

accession 0001026214-24-000040

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