Key facts
- Freddie Mac's Q3 2026 net income was $3.2 billion, up 17% year-on-year but down 16% quarter-on-quarter.
- Higher projected mortgage rates led to an $800 million provision for credit losses, up from $175 million a year prior.
- Net revenues increased 19% year-on-year to $6.8 billion, driven by a swing in non-interest income.
- The single-family business generated $2.7 billion in net income, while the multifamily business contributed $521 million.
- Home prices rose 0.5% in the third quarter, with Freddie Mac forecasting a 1.3% increase over the next 12 months.
Freddie Mac reported a 17% year-on-year increase in net income to $3.2 billion for the third quarter of 2026, driven by higher net revenues and lower expenses. However, net income declined 16% from the previous quarter due to a significant increase in the provision for credit losses. The company set aside $800 million for credit losses, up from $175 million a year earlier, primarily reflecting higher projected future mortgage rates and new loan acquisitions. Net revenues rose 19% year-on-year to $6.8 billion, boosted by a swing in non-interest income. The single-family business generated $2.7 billion in net income, while the multifamily business contributed $521 million. Freddie Mac's net worth stood at $81 billion as of September 30, 2026.