Freddie Mac reported third‑quarter 2025 financial results, posting net income of $2.8 billion, a decline of 11% from the $3.1 billion earned in the same period last year. The company’s net worth increased to $68 billion at the end of September, up from $65 billion at the end of the second quarter.
The mortgage portfolio grew to $3.62 trillion, and Freddie Mac supplied $124 billion of liquidity to the U.S. housing market during the quarter, compared with $106 billion in the prior quarter.
Revenue for the quarter was $5.7 billion, down from $5.8 billion in Q3 2024, driven by a $175 million provision for credit losses related to new single‑family acquisitions, offset by higher net interest income.
The company assisted 483,000 families in buying, refinancing, or renting a home, a 33% increase over the 363,000 families helped in Q2 2025. Year‑over‑year, the number of families assisted rose to 483,000 from 400,000 in Q3 2024.
Segment results showed single‑family net income of $2.3 billion and multifamily net income of $426 million. Credit quality remained strong, with a weighted average credit score of 754 and a loan‑to‑value ratio of 53% for new acquisitions.
Serious delinquencies increased to 57 basis points at the end of the quarter, up from 55 basis points in Q2 2025, largely due to loans originated after 2022. Freddie Mac completed approximately $6 billion of loan workouts, helping about 22,000 families stay in their homes.
Management highlighted the company’s continued focus on affordability, noting that 54% of new single‑family homes and 92% of eligible rental units financed were affordable to low‑to‑moderate‑income families. The firm also reiterated its commitment to expanding homebuilding to address the national housing supply gap.
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