Freddie Mac Reports $3.2 Billion Net Income for Q3 2026

Freddie Mac (OTCQB: FMCC) reported net income of $3.2 billion for the third quarter of 2026, a 17% increase compared to the same period in 2025. The company reported net revenues of $6.8 billion for the quarter, up 19% year-over-year. This financial performance was driven by higher net interest income and higher non-interest income, partially offset by an increase in the provision for credit losses.

Freddie Mac’s Single-Family segment generated $2.7 billion in net income, while the Multifamily segment reported net income of $0.5 billion. The company financed 286,000 mortgages in the third quarter, with 56% of eligible loans affordable to low- to moderate-income families. Additionally, 134,000 rental units were financed, with 91% of eligible units affordable to low- to moderate-income families.

As of September 30, 2026, Freddie Mac’s total mortgage portfolio stood at $3.7 trillion, up 1% year-over-year. The company’s serious delinquency rate was 0.61%, up from 0.59% at December 31, 2025. The Multifamily segment’s delinquency rate was 0.58%, up from 0.44% at December 31, 2025.

The provision for credit losses for the consolidated company was $0.8 billion, primarily driven by a credit reserve build in the Single-Family segment due to an increase in projected future mortgage interest rates. Non-interest expense was $2.0 billion, down 6% year-over-year, driven by lower credit enhancement expense and a decrease in salaries and employee benefits.

Freddie Mac’s new business activity totaled $98 billion, down from $99 billion in the third quarter of 2025. The Multifamily segment’s new business activity was $16 billion, down from $25 billion in the third quarter of 2025, primarily driven by the higher mortgage interest rate environment.

Freddie Mac’s net worth was reported at $81 billion as of September 30, 2026. The company continues to operate under conservatorship with the Federal Housing Finance Agency (FHFA) as Conservator. The amount of funding available to Freddie Mac under the Purchase Agreement was $140.2 billion at September 30, 2026.