earnings
confidence high
sentiment neutral
materiality 0.70
Freddie Mac reports Q2 2024 net income of $2.8B, down 6% YoY
FEDERAL HOME LOAN MORTGAGE CORP
2024-Q2 EPS reported
$0.01
- Net income $2.8B, down 6% YoY; net revenues $6.0B, up 12% YoY.
- Single-Family net income $2.3B (-4% YoY); provision for credit losses $0.3B.
- Multifamily net income $0.5B (-15% YoY); delinquency rate rose to 0.38% from 0.21%.
- Financed 349,000 homes/rental units; 53% of eligible single-family loans affordable to low/moderate income.
- Net worth $53.2B; senior preferred stock liquidation preference $123.1B as of June 30, 2024.