earnings
confidence high
sentiment neutral
materiality 0.60
Freddie Mac Q1 net income $2.8B, up 1% YoY; multifamily net income falls 35%
FEDERAL HOME LOAN MORTGAGE CORP
2025-Q1 EPS reported
-$0.01
- Net income of $2.8B, up 1% YoY; net revenues of $5.9B, up 2% YoY.
- Single-Family net income $2.3B (+16% YoY); Multifamily net income $0.5B (-35% YoY) on lower non-interest income.
- Provision for credit losses $0.3B, driven by Single-Family credit reserve build on new acquisitions.
- Mortgage portfolio $3.6T, up 3% YoY; net worth $62.4B; serious delinquency rate 0.59% unchanged from Q4.
- New business activity $78B single-family, $10B multifamily; financed 313,000 households in Q1 2025.