Federal Home Loan Mortgage Corp
XMUN:FHL
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Federal Home Loan Mortgage Corp
XMUN:FHL
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St Galler Kantonalbank AG
F:GNBN
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China Coal Energy Co Ltd
XHAM:CVV
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Federal Home Loan Mortgage Corp
Federal Home Loan Mortgage Corp., better known as Freddie Mac, is a mortgage finance company that helps keep home loans flowing in the U.S. housing market. It does not usually make loans directly to homebuyers. Instead, it buys mortgages from lenders, pools them into mortgage-backed securities, and guarantees those securities for investors. Its main customers are mortgage lenders, banks, and investors in home-loan securities. Lenders use Freddie Mac to free up capital so they can keep making new mortgages. Investors buy the securities for a stream of payments backed by home loans, while Freddie Mac earns money from guarantee fees, investment income, and other mortgage-related service fees. Freddie Mac sits in the middle of the housing finance system, connecting lenders, borrowers, and capital markets. That role makes its business different from a normal bank: it does not mainly earn money by taking deposits and making loans one by one, but by packaging, guaranteeing, and supporting mortgage funding for the market.
Federal Home Loan Mortgage Corp., better known as Freddie Mac, is a mortgage finance company that helps keep home loans flowing in the U.S. housing market. It does not usually make loans directly to homebuyers. Instead, it buys mortgages from lenders, pools them into mortgage-backed securities, and guarantees those securities for investors.
Its main customers are mortgage lenders, banks, and investors in home-loan securities. Lenders use Freddie Mac to free up capital so they can keep making new mortgages. Investors buy the securities for a stream of payments backed by home loans, while Freddie Mac earns money from guarantee fees, investment income, and other mortgage-related service fees.
Freddie Mac sits in the middle of the housing finance system, connecting lenders, borrowers, and capital markets. That role makes its business different from a normal bank: it does not mainly earn money by taking deposits and making loans one by one, but by packaging, guaranteeing, and supporting mortgage funding for the market.
Strong start: Freddie Mac reported $3.6 billion of net income, up 27% year-over-year, helped by higher net revenue and a credit reserve release.
Liquidity support: The company provided $116 billion of liquidity to U.S. housing and grew its total mortgage portfolio to $3.7 trillion.
Single-family strength: Single-family new business hit $103 billion, with refinance activity especially strong and making up 42% of volume, the highest share in four years.
Multifamily shift: Multifamily new business rose 25% year-over-year to $13 billion, with nearly all securitizations now fully guaranteed as the business model shift continued.
Capital build: Net worth ended the quarter at $74 billion, up 18% year-over-year, while the capital deficit has narrowed by $37 billion since the end of 2022.
Housing affordability: Management emphasized that most loans supported working families earning 120% or less of area median income, and highlighted first-time buyers and refinance support as part of the mission.
