Freddie Mac Earns $3.2 Billion in Third Quarter, Up 17%, Financing 420,000 Households
Freddie Mac reported third-quarter 2026 net income of $3.2 billion, up 17% from a year earlier, on net revenues of $6.8 billion, up 19%. The company provided $114 billion of market liquidity in the quarter and financed 420,000 households, including 286,000 mortgages and 134,000 rental units.
Net interest income was $5.9 billion, up 8% year over year, and non-interest income rose to $933 million from $284 million a year earlier, driven by net investment gains. The provision for credit losses increased to $0.8 billion from about $0.2 billion a year earlier, primarily reflecting a credit reserve build in the single-family segment tied to an increase in projected future mortgage interest rates and new acquisitions. Non-interest expense fell 6% to $2.0 billion. Net worth reached $81 billion at September 30, and the total mortgage portfolio grew 2% year over year to nearly $3.7 trillion.
The single-family segment earned $2.7 billion, up 16%, with new business activity of $98 billion and a portfolio of $3.2 trillion. Its serious delinquency rate was 0.61%, up from 0.59% at the end of 2025 and 0.57% a year earlier. First-time homebuyers represented 51% of new single-family purchase loans, and Freddie Mac enabled 106,000 first-time buyers in the quarter; 56% of eligible loans it acquired were affordable to low- and moderate-income families.
The multifamily segment earned $521 million, up 22%, on new business activity of $16 billion, down from $25 billion a year earlier. Its portfolio grew 6% to $510 billion, and its delinquency rate was 0.58%.
William J. Pulte, Director of U.S. Federal Housing and Chair of Freddie Mac's board, noted that in the third quarter the company began accepting the use of VantageScore's credit scoring model by all lenders. Chief Executive Officer Kenny Smith said net income through the first three quarters of 2026 was up 34% from the same period a year ago.
(Source: Freddie Mac)
Source: Freddie Mac
Published by GSM · USA (original Chinese edition)
Photo: 图：美国独户住宅社区航拍（资料图），房地美的核心业务是独户住宅抵押贷款。Wikimedia Commons 图片（公共领域，经DPLA收录）。 / Photo: Aerial view of a U.S. single-family neighborhood (file photo); single-family mortgages are Freddie Mac's core business. Image via Wikimedia Commons (public domain, via DPLA).
