secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL HOME LOAN MORTGAGE CORP (FMCC)
CIK:        0001026214
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001026214-24-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freddie Mac Q3 2024 net income $3.1B, up 16% YoY; new business activity $98B
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- Net income $3.1B vs $2.7B in Q3 2023; net revenues $5.8B, up 3% YoY.
- Benefit for credit losses $0.2B; non-interest expense down $393M due to prior year trial accrual.
- Single-Family net income $2.6B (+11% YoY); financed 284K mortgages, 51% affordable to low-moderate income.
- Multifamily net income $0.5B (+47% YoY); financed 131K rental units, 94% affordable to low-moderate income.
- Mortgage portfolio $3.5T (+2% YoY); net worth $56.4B; serious delinquency rate 0.54%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026214/000102621424000098/0001026214-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026214/000102621424000098/fmcc-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001026214-24-000098

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