Freddie Mac ( (FMCC) ) has released its Q4 earnings. Here is a breakdown of the information Freddie Mac presented to its investors.
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Freddie Mac, a government-sponsored enterprise in the housing finance sector, provides liquidity, stability, and affordability in the U.S. housing market by purchasing mortgages and securities. In its recent earnings report, Freddie Mac announced a net income of $3.2 billion for the fourth quarter of 2024 and $11.9 billion for the full year, indicating a significant year-over-year increase driven by higher net revenues. The company financed 1.0 million mortgages and 553,000 rental units in 2024, demonstrating its ongoing commitment to affordable housing. Key financial highlights include a 18% rise in net revenues to $6.3 billion for the fourth quarter, with net interest income contributing significantly to this growth. The mortgage portfolio grew by 2% year-over-year, reaching $3.1 trillion. Despite a slight increase in delinquency rates, Freddie Mac’s solid financial performance underscores its role in supporting home ownership and rental opportunities. Looking ahead, Freddie Mac remains focused on enhancing liquidity and affordability in the housing market while building capital to meet regulatory requirements.
