Federal Home Loan Mortgage Earnings Call Transcripts
Fiscal Year 2026
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Net income rose 17% YoY to $3.2B as net revenues increased 19%. Portfolio growth and higher multifamily guarantee income supported results, while elevated rates drove credit reserve builds and weighed on market activity.
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Net income surged 61% year-over-year to $3.8 billion, with strong growth in both single-family and multifamily segments. Credit loss benefits, higher net interest income, and a focus on affordable housing drove results, while capital and risk management remained priorities.
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Net income rose 27% year-over-year to $3.6 billion, with strong growth in both Single-Family and Multifamily segments. Credit quality and capital position improved, while new business volumes and refinance activity surged amid lower interest rates.
Fiscal Year 2025
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Net income reached $10.7B on $23.3B in revenue for 2025, with strong liquidity support for 1.7M families and a continued focus on affordable housing. Multifamily strategy shifted to fully guaranteed securitizations, and net worth rose 18% to $70.4B.
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Q3 net income was $2.8B, down 11% year-over-year, with strong mortgage portfolio growth and increased liquidity to the housing market. Credit loss provisions and delinquencies rose, but credit quality and capital position remain robust.
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Q2 2025 net income was $2.4B, down 14% year-over-year due to higher credit loss provisions, while net interest income rose 8%. Single-family and multifamily segments saw lower net income, with delinquency rates rising in multifamily.
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Net income rose 1% year-over-year to $2.8 billion, driven by higher net interest income and portfolio growth. Operational streamlining and regulatory changes are expected to reduce expenses and boost revenue in 2025. Net worth increased 24% to $62.4 billion.
Fiscal Year 2024
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Reported strongest earnings since 2021, with net income up 13% to $11.9B and net worth up 25%. Mortgage portfolio grew 3% to $3.6T, while both single-family and multifamily segments saw higher revenues and increased credit loss provisions.
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Net income rose 16% year-over-year to $3.1 billion, with net worth up 26% to $56 billion. Single-family and multifamily segments both saw growth, while new lease standards and hurricane relief programs were introduced.
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Net income for Q2 2024 was $2.8 billion, down 6% year-over-year, with net worth rising 27% to $53.2 billion. Single-family and multifamily portfolios grew, but credit reserve builds and higher delinquency in some multifamily loans impacted results.