Net income of $1.3 billion for the third quarter of 2022, a decrease of 55% year-over-year, primarily driven by a credit reserve build in Single-Family.
Net revenues of $5.2 billion for the third quarter of 2022, a decrease of 1% year-over-year, as higher net interest income in Single-Family was offset by a decline in non-interest income in Multifamily.
Total mortgage portfolio increased 10% year-over-year to $3.4 trillion, driven by an 11% increase in the Single- Family mortgage portfolio and a 3% increase in the Multifamily mortgage portfolio.
Net worth, liquidation preference2, and Treasury funding commitment
$ Billions
$140.2
$106.7
$35.2
As of September 30, 2022
Net worth
Senior preferred stock liquidation preference
Remaining Treasury funding commitment
Draws and dividend payments
$ Billions
$119.7
$71.6
As of September 30, 2022
Cumulative draws from Treasury
Cumulative dividend payments to Treasury
Pursuant to the Purchase Agreement, Freddie Mac will not be required to pay a dividend to Treasury until it has built sufficient capital to meet the capital requirements and buffers set forth in the Enterprise Regulatory Capital Framework (ERCF).
National home prices increased by an average of 8.9% over the past year
National home prices since 2017
271
169
Freddie Mac House Price Index (December 2000 = 100)
2017
2018
2019
2020
2021
2022
United States (Seasonally Adjusted)
Quarterly ending interest rates
5.70%
6.70%
4.67%
3.83%
3.01%
3.11%
2.37%
3.05%
1.57%
1.57%
2.47%
1.09%
0.05%
0.05%
0.16%
06/30/22
09/30/22
09/30/21
12/31/21
03/31/22
30-year mortgage rate, based on Primary Mortgage Market Survey (PMMS)
10-year LIBOR SOFR
SOFR interest rates are 30-day average rates.
Unemployment rate and job creation
4.7% 3.9% 3.6% 3.6% 3.5%
637,000
543,000539,000
349,000 372,000
3Q21 4Q21 1Q22 2Q22 3Q22
Average monthly net new jobs (non-farm)
National unemployment rate
(as of the last month in each quarter)
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Freddie Mac - Federal Home Loan Mortgage Corporation published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 13:13:01 UTC.
Federal Home Loan Mortgage Corporation is a government-sponsored enterprise. The Company is engaged in purchasing single-family and multifamily residential mortgage loans originated by lenders. The Companyâs Single-Family segment provides liquidity and support to the single-family mortgage market through a variety of activities that include the purchase, securitization, and guarantee of single-family loans originated by lenders. Its Single-Family business consists of activities related to providing market liquidity by purchasing and securitizing mortgage loans and issuing guaranteed mortgage-related securities, transferring credit risk, performing loss mitigation activities, and investing in mortgage-related and other investments. Its Multifamily segment includes purchase, securitization, and guarantee of multifamily loans, its investments in multifamily loans and mortgage-related securities, and the management of Multifamily mortgage credit risk and market risk.
FEDERAL HOME LOAN MORTGAGE CORPORATION 
