Freddie Mac Q1 2026 net income $3.6B, up 27% YoY; net revenues $6.1B, up 5%

FEDERAL HOME LOAN MORTGAGE CORP

Net income $3.6B vs $2.8B in Q1 2025; benefit for credit losses $0.3B vs provision $0.3B a year ago.
Single-Family net income $3.0B, up 32% YoY; new business activity $103B, driven by refinance surge.
Multifamily net income $0.6B, up 9% YoY; financed 99,000 rental units, 93% affordable to low-to-moderate income.
Net worth rose to $74B from $62B a year ago; required CET1 capital $117B, remains below with ($4B) deficit.
Financed 281,000 single-family mortgages; 52% of loans to first-time homebuyers; serious delinquency rate 0.60%.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FEDERAL HOME LOAN MORTGAGE CORP reported the quarter ended March 31, 2026 results: revenue $6.1 billion, net income $3.6 billion.

Period: the quarter ended March 31, 2026
Revenue: $6.1 billion
Net income: $3.6 billion
Result: reported results

Exact text from the filing

Freddie Mac (OTCQB: FMCC) today reported net income of $3.6 billion for the first quarter of 2026, up 27% from the first quarter of 2025, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025. Net revenues were $6.1 billion for the first quarter of 2026, up 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.

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Source: SEC EDGAR

accession 0001026214-26-000028

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