Net revenues, net income, and comprehensive income
$ Billions
$5.9
$5.1
$5.0
$5.3
$4.1
$3.7
$3.6
$2.5
$2.4
$2.9
$2.8
$2.5
$2.4
$1.8
$1.9
2Q20
3Q20
4Q20
1Q21
2Q21
Net revenues
Net income
Comprehensive income
Net income of $3.7 billion and comprehensive income of $3.6 billion for the second quarter of 2021, an increase of 107% and 86% year-over-year, respectively, driven by higher net revenues and a credit reserve release
Net revenues increased 41% year-over-year to $5.9 billion, primarily driven by mortgage portfolio growth, higher average guarantee fee rates, and higher deferred fee income recognition
Net worth, liquidation preference8, and Treasury funding commitment
$ Billions
$140.2
$91.4
$22.4
As of June 30, 2021
Net worth
Senior preferred stock liquidation preference
Remaining Treasury funding commitment
Draws and dividend payments
$ Billions
$119.7
$71.6
As of June 30, 2021
Cumulative draws from Treasury
Cumulative dividend payments to Treasury
Due to changes to the terms of the senior preferred stock pursuant to the January 2021 Letter 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).
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Freddie Mac - Federal Home Loan Mortgage Corporation published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 12:18:11 UTC.
Federal Home Loan Mortgage Corporation is a government-sponsored enterprise (GSE). The Company is engaged in purchasing residential mortgage loans originated by lenders. The Company also invests in mortgage loans and mortgage-related securities. The Company operates through two segments: Single-Family and Multifamily. The Single-Family segment includes purchase, securitization, and guarantee of single-family loans, its investments in single-family loans and mortgage-related securities, the management of Single-Family mortgage credit risk and market risk, and any results of its treasury function that are not allocated to each segment. The Company's 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.