secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL HOME LOAN MORTGAGE CORP (FMCC)
CIK:        0001026214
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001026214-24-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026214/000102621424000040/0001026214-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026214/000102621424000040/fmcc-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001026214-24-000040

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