# EDGAR Filing Document

**Accession Number:** 0001026214
**File Stem:** 0001026214-26-000028
**Filing Date:** 2026-4
**Character Count:** 81790
**Document Hash:** e0d0407ba46358c7104d93650dc00ae8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001026214-26-000028.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001026214-26-000028

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 48

**CONFORMED PERIOD OF REPORT**: 20260430

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERAL HOME LOAN MORTGAGE CORP
- **CENTRAL INDEX KEY:** 0001026214
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 520904874
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34139
- **FILM NUMBER:** 26920157

**BUSINESS ADDRESS:**
- **STREET 1:** 8200 JONES BRANCH DR
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
- **BUSINESS PHONE:** 7039032000

**MAIL ADDRESS:**
- **STREET 1:** 8200 JONES BRANCH DR
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102

?xml version='1.0' encoding='ASCII'? fmcc-20260430

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **April 30, 2026** 

**Federal Home Loan Mortgage Corporation** 

*(Exact name of registrant as specified in its charter)*

**Freddie Mac**

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| | | |
|:---|:---|:---|
| **Federally chartered<br>corporation** | **001-34139** | **52-0904874** |
| *(State or other jurisdiction of<br>incorporation)* | *(Commission<br>File Number)* | *(IRS Employer<br>Identification No.)* |

---

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| | | |
|:---|:---|:---|
| **8200 Jones Branch Drive** | **8200 Jones Branch Drive** | |
| **McLean,** | **Virginia** |<br>**22102-3110** |
| *(Address of principal executive offices)* | *(Address of principal executive offices)* | *(Zip Code)* |

---

Registrant's telephone number, including area code: **(703) 903-2003** 

**Not applicable**

*(Former name or former address, if changed since last report)*

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| None | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02. Results of Operations and Financial Condition.**

On April 30, 2026, Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation) announced its results of operations for the quarter ended March 31, 2026. A copy of the related press release is being furnished as Exhibit 99.1 to this report and is incorporated herein by reference. In addition, copies of the Earnings Presentation and Financial Supplement are being furnished as Exhibits 99.2 and 99.3, respectively, to this report and are incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Exhibits.**

---

| | |
|:---|:---|
| <u>Exhibit Number</u> | <u>Description of Exhibit</u> |
| 99.1 | <u>[Press Release, dated](a1q2026erexhibit991.htm)[April 30, 2026](a1q2026erexhibit991.htm)[, issued by Freddie](a1q2026erexhibit991.htm)[Mac](a1q2026erexhibit991.htm)</u> |
| 99.2 | <u>[First Quarter 2026 Earnings Presentation, dated April 30, 2026](a1q2026earningspresentat.htm)</u> |
| 99.3 | <u>[First Quarter 2026 Financial Supplement, dated April 30, 2026](a1q2026financialsuppleme.htm)</u> |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |

---

**__________________________________________________________________________________________________________**

Freddie Mac Form 8-K

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| FEDERAL HOME LOAN MORTGAGE CORPORATION | FEDERAL HOME LOAN MORTGAGE CORPORATION | FEDERAL HOME LOAN MORTGAGE CORPORATION |
| By: | /s/ | James Whitlinger |
|  |  | James Whitlinger |
|  |  | Executive Vice President and Chief Financial Officer |

---

Date: April 30, 2026

**__________________________________________________________________________________________________________**

Freddie Mac Form 8-K

## Exhibit 99.1

![cc_ptx17691xheader-release.jpg](cc_ptx17691xheader-release.jpg)

**Exhibit 99.1**

**Freddie Mac Reports Net Income of $3.6 Billion for First Quarter 2026**

**Making Home Possible for 380,000 Households in First Quarter 2026**

• Financed 281,000 mortgages, with 52% of eligible loans affordable to low- to moderate-income families.

• First-time homebuyers represented 52% of new single-family home purchase loans.

• Financed 99,000 rental units, with 93% of eligible units affordable to low- to moderate-income families.

**First Quarter 2026 Financial Results**

---

| | | | |
|:---|:---|:---|:---|
| **During First Quarter 2026** | **During First Quarter 2026** | **As of March 31, 2026** | **As of March 31, 2026** |
| **Market Liquidity Provided -** <br>**$116 Billion** | **Homes and Rental Units Financed -** <br>**380,000** | <br>**Net Worth -**<br>**$74 Billion** | **Total Mortgage**<br> **Portfolio -**<br>**$3.7 Trillion** |

---

---

| | | |
|:---|:---|:---|
| **Consolidated** | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
| **Consolidated** | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
| Net Revenues <br>$6.1 Billion<br>Net Income<br>$3.6 Billion<br>Comprehensive <br>Income<br>$3.5 Billion | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
|  | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
| **Single-Family** | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
| **Single-Family** | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
| Net Revenues <br>$5.2 Billion<br>Net Income <br>$3.0 Billion<br>Comprehensive<br>Income<br>$3.0 Billion | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
|  | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
| **Multifamily** | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
| **Multifamily** | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |
| Net Revenues <br>$1.0 Billion<br>Net Income <br>$0.6 Billion<br>Comprehensive<br>Income <br>$0.6 Billion | • Net income of $3.6 billion, up 27% year-over-year, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.<br>• Net revenues of $6.1 billion, an increase of 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income.<br>• Benefit for credit losses of $0.3 billion, primarily driven by a credit reserve release in Single-Family.<br>• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, driven by an increase in refinance activity. <br>• Mortgage portfolio of $3.2 trillion, up 1% year-over-year.<br>• Serious delinquency rate of 0.60%, up from 0.59% at both December 31, 2025 and March 31, 2025.<br>• New business activity of $13 billion, up from $10 billion in the first quarter of 2025.<br>• Mortgage portfolio of $498 billion, up 7% year-over-year.<br>• Delinquency rate of 0.43%, down from 0.44% at December 31, 2025 and from 0.46% at March 31, 2025. | *"Freddie Mac's strong first quarter performance reflects progress under the guidance of U.S. Federal Housing to build a company that can help more Americans achieve the dream of homeownership or find the right rental home for their family. That means supporting first-time homebuyers and working families, expanding the supply of affordable rental housing, and strengthening risk management. It also means reducing regulations so market participants can innovate and compete to deliver better outcomes for families across the housing cycle."*<br>William J. Pulte,<br>Director, U.S. Federal Housing<br>and Chair of the Board of<br>Directors, Freddie Mac<br>*"We delivered strong first quarter results, with net income of $3.6 billion and net revenues of $6.1 billion. During the quarter, we provided $116 billion of liquidity to the housing market and our net worth continues to grow, ending at $74 billion. These results reflect the Freddie Mac team working in close partnership with our lenders, servicers, and housing finance stakeholders, with a focus on execution and risk management."*<br>Kenny Smith,<br>CEO of Freddie Mac |

---

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 2** 

McLean, VA — Freddie Mac (OTCQB: FMCC) today reported net income of $3.6 billion for the first quarter of 2026, up 27% from the first quarter of 2025, primarily driven by higher net revenues and a credit reserve release in the current period compared to a credit reserve build in the first quarter of 2025.

Net revenues were $6.1 billion for the first quarter of 2026, up 5% year-over-year, primarily driven by higher net interest income, partially offset by lower non-interest income. Net interest income for the first quarter of 2026 was $5.6 billion, up 10% year-over-year, primarily driven by an increase in the balance of fully guaranteed securitizations in the Multifamily mortgage portfolio due to the change in Multifamily business strategy, continued mortgage portfolio growth in Single-Family, and growth in the mortgage-related investments portfolio. Non-interest income for the first quarter of 2026 was $0.5 billion, down 31% year-over-year, primarily driven by lower guarantee income and lower net investment gains.

The benefit for credit losses was $0.3 billion for the first quarter of 2026, driven by a credit reserve release in Single-Family primarily attributable to changes in the company's views of forecasted house price growth rates. The provision for credit losses of $0.3 billion for the first quarter of 2025 was primarily driven by a credit reserve build in Single-Family attributable to new acquisitions.

Non-interest expense was $2.0 billion for the first quarter of 2026, down 3% year-over-year, primarily driven by a decrease in salaries and employee benefits and lower credit enhancement expense.

***Summary of Consolidated Statements of Income and Comprehensive Income***

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in millions)  | **1Q 2026** | **4Q 2025** | **Change** | **1Q 2025** | **Change** |
| Net interest income | $5619 | $5547 | $72 | $5102 | $517 |
| Non-interest income | 514 | 217 | 297 | 750 | (236) |
| **Net revenues** | **6133** | **5764** | **369** | **5852** | **281** |
| (Provision) benefit for credit losses | 320 | (52) | 372 | (280) | 600 |
| Non-interest expense | (2022) | (2258) | 236 | (2088) | 66 |
| **Income before income tax expense** | **4431** | **3454** | **977** | **3484** | **947** |
| Income tax expense | (873) | (677) | (196) | (690) | (183) |
| **Net income** | **3558** | **2777** | **781** | **2794** | **764** |
| Other comprehensive income (loss), net of taxes and reclassification adjustments | (20) | 7 | (27) | 34 | (54) |
| **Comprehensive income** | **$3538** | **$2784** | **$754** | **$2828** | **$710** |
| **Conservatorship metrics (in millions)** |  |  |  |  |  |
| Net worth | $73922 | $70384 | $3538 | $62403 | $11519 |
| Senior preferred stock liquidation preference | 143032 | 140248 | 2784 | 132223 | 10809 |
| Remaining Treasury funding commitment | 140162 | 140162 |  | 140162 |  |
| Cumulative dividend payments to Treasury | 119680 | 119680 |  | 119680 |  |
| Cumulative draws from Treasury | 71648 | 71648 |  | 71648 |  |

---

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 3** 

---

| |
|:---|
| **Single-Family Segment** |
| **Financial Results** |

---

**Net Revenues**

(In billions)

![chart-b85a01a1d9274504816.jpg](chart-b85a01a1d9274504816.jpg)

**Net Income**

(In billions)

![chart-b6646ccafb494cde967.jpg](chart-b6646ccafb494cde967.jpg)

**Comprehensive Income**

(In billions)

![chart-eff8053440624a0a9be.jpg](chart-eff8053440624a0a9be.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in millions)  | **1Q 2026** | **4Q 2025** | **Change** | **1Q 2025** | **Change** |
| Net interest income | $5120 | $5080 | $40 | $4753 | $367 |
| Non-interest income (loss) | 55 | (178) | 233 | 165 | (110) |
| **Net revenues** | **5175** | **4902** | **273** | **4918** | **257** |
| (Provision) benefit for credit losses | 311 | 210 | 101 | (228) | 539 |
| Non-interest expense | (1780) | (2005) | 225 | (1871) | 91 |
| **Income before income tax expense** | **3706** | **3107** | **599** | **2819** | **887** |
| Income tax expense | (730) | (609) | (121) | (558) | (172) |
| **Net income** | **2976** | **2498** | **478** | **2261** | **715** |
| Other comprehensive income (loss), net of taxes and reclassification adjustments | (13) | (1) | (12) | 8 | (21) |
| **Comprehensive income** | **$2963** | **$2497** | **$466** | **$2269** | **$694** |

---

<u>First Quarter 2026</u>

Net income of $3.0 billion, up 32% year-over-year.

• Net revenues were $5.2 billion, up 5% year-over year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Net interest income was $5.1 billion, up 8% year-over-year, primarily driven by continued mortgage portfolio growth and growth in the mortgage-related investments portfolio.

• The benefit for credit losses was $0.3 billion for the first quarter of 2026, driven by a credit reserve release primarily attributable to changes in the company's views of forecasted house price growth rates. The provision for credit losses of $0.2 billion for the first quarter of 2025 was primarily driven by a credit reserve build attributable to new acquisitions.

• Non-interest expense was $1.8 billion for the first quarter of 2026, down 5% year-over-year, primarily driven by a decrease in salaries and employee benefits and lower credit enhancement expense.

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 4** 

---

| |
|:---|
| **Single-Family Segment** |
| **Business Results** |

---

**New Business Activity**

(UPB in billions)

![chart-2578e735a8a04d45b78.jpg](chart-2578e735a8a04d45b78.jpg)

**Mortgage Portfolio**

(UPB in billions)

![chart-cf3d6076c76b4b2cafa.jpg](chart-cf3d6076c76b4b2cafa.jpg)

**Serious Delinquency Rate**

![chart-2f61dc23067f4527900.jpg](chart-2f61dc23067f4527900.jpg)

 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **1Q 2026** | **4Q 2025** | **Change** | **1Q 2025** | **Change** |
| ***New Business Statistics:*** | | | | | |
| Single-Family homes funded (in thousands) | 281 | 331 | (50) | 224 | 57 |
| &nbsp;&nbsp;&nbsp;Purchase borrowers (in thousands) | 165 | 214 | (49) | 171 | (6) |
| &nbsp;&nbsp;&nbsp;Refinance borrowers (in thousands) | 116 | 117 | (1) | 53 | 63 |
| Affordable to low- to moderate-income families (%)<sup>(1)</sup> | 52 | 53 | (1) | 53 | (1) |
| First-time homebuyers (%)<sup>(2)</sup> | 52 | 50 | 2 | 52 |  |
| Average estimated guarantee fee rate (bps) | 54 | 54 |  | 54 |  |
| Weighted average original loan-to-value (LTV) (%) | 75 | 76 | (1) | 77 | (2) |
| Weighted average original credit score | 758 | 758 |  | 756 | 2 |
| ***Portfolio Statistics:*** |  |  |  |  |  |
| Average estimated guarantee fee rate (bps) | 50 | 50 |  | 49 | 1 |
| Weighted average current LTV (%) | 53 | 53 |  | 52 | 1 |
| Weighted average current credit score | 753 | 754 | (1) | 754 | (1) |
| Loan count (in millions) | 13.9 | 13.9 |  | 13.9 |  |
| ***Credit-Related Statistics:*** |  |  |  |  |  |
| Loan workout activity (in thousands) | 24 | 23 | 1 | 25 | (1) |
| Allowance for credit losses to total loans outstanding (%)<sup>(3)</sup> | 0.22 | 0.23 | (0.01) | 0.21 | 0.01 |
| Credit enhancement coverage (%) | 62 | 61 | 1 | 62 |  |

---

(1) Eligible loans acquired affordable to families earning at or below 120% of area median income (AMI).

(2) Calculated as a percentage of purchase borrowers with loans secured by primary residences.

(3) Calculated as the allowance for credit losses on mortgage loans held-for-investment divided by the amortized cost basis of mortgage loans held-for-investment for which the fair value option has not been elected.

<u>Business Highlights</u> 

• New business activity of $103 billion, up from $78 billion in the first quarter of 2025, primarily driven by an increase in refinance activity. Financed 281,000 mortgages and enabled 79,000 first-time homebuyers to purchase a home.

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 5** 

---

| |
|:---|
| **Multifamily Segment** |
| **Financial Results** |

---

**Net Revenues**

(In billions)

![chart-9b21fbc47f0442e28ce.jpg](chart-9b21fbc47f0442e28ce.jpg)

**Net Income**

(In billions)![chart-d88eaf152d674cadbfb.jpg](chart-d88eaf152d674cadbfb.jpg)

**Comprehensive Income**

(In billions)

![chart-10a5680197a54beabc5.jpg](chart-10a5680197a54beabc5.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in millions)  | **1Q 2026** | **4Q 2025** | **Change** | **1Q 2025** | **Change** |
| Net interest income | $499 | $467 | $32 | $349 | $150 |
| Non-interest income | 459 | 395 | 64 | 585 | (126) |
| **Net revenues** | **958** | **862** | **96** | **934** | **24** |
| (Provision) benefit for credit losses | 9 | (262) | 271 | (52) | 61 |
| Non-interest expense | (242) | (253) | 11 | (217) | (25) |
| **Income before income tax expense** | **725** | **347** | **378** | **665** | **60** |
| Income tax expense | (143) | (68) | (75) | (132) | (11) |
| **Net income** | **582** | **279** | **303** | **533** | **49** |
| Other comprehensive income (loss), net of taxes and reclassification adjustments | (7) | 8 | (15) | 26 | (33) |
| **Comprehensive income** | **$575** | **$287** | **$288** | **$559** | **$16** |

---

<u>First Quarter 2026</u> 

Net income of $0.6 billion, up 9% year-over-year.

• Net revenues were $1.0 billion, up 3% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Net interest income was $0.5 billion, up 43% year-over-year, primarily driven by an increase in the balance of fully guaranteed securitizations in the Multifamily mortgage portfolio due to the change in Multifamily business strategy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Non-interest income was $0.5 billion, down 22% year-over-year, primarily driven by a lower volume of loan sale activities, as the company shifted the Multifamily business model to primarily issue fully guaranteed securitizations.

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 6** 

---

| |
|:---|
| **Multifamily Segment** |
| **Business Results** |

---

**New Business Activity**

(UPB in billions)

![chart-986f3de2c96445c7858.jpg](chart-986f3de2c96445c7858.jpg)

**Mortgage Portfolio**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(UPB in billions)

![chart-c475922ce3ee47878fb.jpg](chart-c475922ce3ee47878fb.jpg)

**Delinquency Rate**

![chart-42fbb0a2b9014c9ea0d.jpg](chart-42fbb0a2b9014c9ea0d.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **1Q 2026** | **4Q 2025** | **Change** | **1Q 2025** | **Change** |
| ***New Business Statistics:*** | | | | | |
| Number of rental units financed (in thousands)<sup>(1)</sup> | 99 | 234 | (135) | 89 | 10 |
| Affordable to low-income families (%)<sup>(2)(4)</sup> | 72 | 68 | 4 | 75 | (3) |
| Affordable to low- to moderate-income families (%)<sup>(3)(4)</sup> | 93 | 92 | 1 | 94 | (1) |
| Weighted average original LTV (%) | 65 | 65 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62 | 3 |
| Weighted average original debt service coverage ratio<sup>(5)</sup> | 1.30 | 1.28 | 0.02 | 1.30 |  |
| ***Securitization Statistics:*** |  |  |  |  |  |
| Securitization issuance (UPB in billions) | $24 | $23 | $1 | $16 | $8 |
| &nbsp;&nbsp;&nbsp;Senior subordinate | 1 | 1 |  | 7 | (6) |
| &nbsp;&nbsp;&nbsp;Fully guaranteed | 23 | 22 | 1 | 9 | 14 |
| ***Portfolio Statistics:*** |  |  |  |  |  |
| Average guarantee fee rate charged (bps) at period end | 58 | 56 | 2 | 52 | 6 |
| ***Credit-Related Statistics:*** |  |  |  |  |  |
| Allowance for credit losses to total loans outstanding (%)<sup>(6)</sup> | 0.42 | 0.46 | (0.04) | 0.49 | (0.07) |
| Credit enhancement coverage (%) | 91 | 89 | 2 | 93 | (2) |

---

(1) Includes rental units financed by supplemental loans.

(2) Eligible units acquired affordable to families earning at or below 80% of AMI.

(3) Eligible units acquired affordable to families earning at or below 120% of AMI.

(4) First quarter 2026 results are based on 2025 AMI data provided by FHFA.

(5) Assumes monthly payments that reflect amortization of principal.

(6) Calculated as the allowance for credit losses on mortgage loans held-for-investment divided by the amortized cost basis of mortgage loans held-for-investment for which the fair value option has not been elected.

<u>Business Highlights</u>

• Provided financing for 99,000 multifamily rental units in the first quarter of 2026. 72% of the eligible multifamily rental units financed in the first quarter of 2026 were affordable to low-income families.

• Securitization issuance UPB increased year-over-year driven by a larger average securitization pipeline. The larger percentage of fully guaranteed securitizations was due to the Multifamily business strategy change.

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 7** 

 **About Freddie Mac's Conservatorship** 

Since September 2008, Freddie Mac has been operating under conservatorship with FHFA as Conservator. The support provided by Treasury pursuant to the Purchase Agreement enables the company to maintain access to the debt markets and have adequate liquidity to conduct its normal business operations. The amount of funding available to Freddie Mac under the Purchase Agreement was $140.2 billion at March 31, 2026.

Pursuant to the Purchase Agreement, Freddie Mac will not be required to pay a dividend to Treasury on the senior preferred stock until it has built sufficient capital to meet the capital requirements and buffers set forth in the Enterprise Regulatory Capital Framework. As a result, the company was not required to pay a dividend to Treasury on the senior preferred stock in March 2026. As the company builds capital during this period, the quarterly increases in its Net Worth Amount have been, or will be, added to the aggregate liquidation preference of the senior preferred stock. The liquidation preference of the senior preferred stock increased to $143.0 billion on March 31, 2026 based on the increase in the Net Worth Amount during the fourth quarter of 2025, and will increase to $146.6 billion on June 30, 2026 based on the increase in the Net Worth Amount during the first quarter of 2026.

**Additional Information**

For more information, including information related to Freddie Mac's financial results, conservatorship, and related matters, see the company's Annual Report on Form 10-K for 2025, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and First Quarter 2026 Earnings Presentation and First Quarter 2026 Financial Supplement. These documents are available on the Investor Relations page of the company's website at www.FreddieMac.com.

Additional information about these matters and other information about Freddie Mac and its business is also set forth in the company's other filings with the SEC, which are available on the Investor Relations page of the company's website at www.FreddieMac.com and the SEC's website at www.sec.gov. Freddie Mac encourages all investors and interested members of the public to review these materials for a more complete understanding of the company's financial results and related disclosures.

**Webcast Announcement**

Management will host a conference call at 9 a.m. Eastern Time on April 30, 2026 to share the company's results and other information about the company (which may include forward-looking information). The conference call will be concurrently webcast. To access the audio webcast, use the following link: https://edge.media-server.com/mmc/p/c8eotgbs. The replay will be available on the company's website at www.FreddieMac.com for approximately 30 days. All materials related to the call will be available on the Investor Relations page of the company's website at www.FreddieMac.com.

---

| | |
|:---|:---|
| **Media Contact: Frederick Solomon (703) 903-3861** | **Investor Contact: Mahesh Lal (571) 382-4732** |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;\*&nbsp;&nbsp;&nbsp;&nbsp;\*&nbsp;&nbsp;&nbsp;&nbsp;\*

This press release contains forward-looking statements using terms such as will, expect, forecast, and others that do not refer solely to past periods. These may include statements pertaining to the conservatorship, the company's current expectations and objectives for its Single-Family and Multifamily segments, its efforts to assist the housing market, liquidity and capital management, and the effects of economic and market conditions and trends including changes in house prices and house price forecasts, its market coverage, the effect of legislative and regulatory developments and new accounting guidance, the credit quality of loans the company owns or guarantees, the costs and benefits of the company's credit risk transfer (CRT) transactions, the impact of banking crises or failures, and the effects of wars, terrorist incidents, public policy and political developments, cybersecurity incidents, natural disasters or catastrophic events and actions taken in response thereto. Forward-looking statements involve known and unknown risks and uncertainties beyond the company's control. Management's expectations necessarily involve assumptions, judgments, and estimates. Various factors could cause actual results to differ materially from those expectations, including changes in economic and market conditions, liquidity, mortgage spreads, credit outlook, actions by the U.S. government (including FHFA, Treasury, the executive branch, and Congress) and state and local governments, changes in the fiscal and monetary policies of the Federal Reserve, the impact of any downgrade in the company's credit ratings or those of the U.S. government, and the impacts of legislation or regulations and new or amended accounting guidance. These

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 8** 

assumptions, judgments, estimates, and factors are discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2025 and our subsequent SEC filings, which are available on the Investor Relations page of the company's website at www.FreddieMac.com and the SEC's website at www.sec.gov. The company has no obligation to update forward-looking statements to reflect subsequent events or circumstances.

Freddie Mac's mission is to make home possible for families across the nation. Freddie Mac promotes liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, Freddie Mac has helped tens of millions of families buy, rent or keep their home.

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 9** 

**FREDDIE MAC**

**Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| (I**n millions,** except share-related amounts)  | **1Q 2026** | **4Q 2025** | **1Q 2025** |
| **Net interest income** | | | |
| Interest income | $33650 | $33432 | $31365 |
| Interest expense | (28031) | (27885) | (26263) |
| **Net interest income** | **5619** | **5547** | **5102** |
| **Non-interest income** |  |  |  |
| Guarantee income | 320 | 377 | 440 |
| Investment gains (losses), net | 42 | (283) | 192 |
| Other income | 152 | 123 | 118 |
| **Non-interest income** | **514** | **217** | **750** |
| **Net revenues** | **6133** | **5764** | **5852** |
| **(Provision) benefit for credit losses** | **320** | **(52)** | **(280)** |
| **Non-interest expense** |  |  |  |
| Salaries and employee benefits | (376) | (412) | (423) |
| Professional services, technology, and occupancy | (250) | (334) | (253) |
| Credit enhancement expense | (441) | (542) | (540) |
| Legislative and regulatory assessments | (832) | (842) | (817) |
| Other expense | (123) | (128) | (55) |
| **Non-interest expense** | **(2022)** | **(2258)** | **(2088)** |
| **Income before income tax expense** | **4431** | **3454** | **3484** |
| Income tax expense | (873) | (677) | (690) |
| **Net income** | **3558** | **2777** | **2794** |
| Other comprehensive income (loss), net of taxes and reclassification adjustments | (20) | 7 | 34 |
| **Comprehensive income** | **$3538** | **$2784** | **$2828** |
| Net income | $3558 | $2777 | $2794 |
| Amounts attributable to senior preferred stock | (3538) | (2784) | (2828) |
| **Net income (loss) attributable to common stockholders** | **$20** | **($7)** | **($34)** |
| **Net income (loss) per common share** | **$0.01** | **$0.00** | **($0.01)** |
| Weighted average common shares (in millions) | 3234 | 3234 | 3234 |

---

------

**Freddie Mac First Quarter 2026 Financial Results** 

**April 30, 2026**

**Page 10** 

**FREDDIE MAC** 

**Condensed Consolidated Balance Sheets (Unaudited)** 

---

| | | |
|:---|:---|:---|
| | **March 31,** | **December 31,** |
| (I**n millions**, except share-related amounts**)**  | **2026** | **2025** |
| **Assets** |  |  |
| Cash and cash equivalents (includes $1,299 and $1,234 of restricted cash and cash equivalents) | $4469 | $5327 |
| Securities purchased under agreements to resell | 74804 | 71919 |
| Investment securities, at fair value | 75939 | 85412 |
| Mortgage loans held-for-sale | 1225 | 1014 |
| Mortgage loans held-for-investment (net of allowance for credit losses of $7,643 and $7,968 and includes $6,906 and $7,005 at fair value) | 3302306 | 3290066 |
| Accrued interest receivable | 12207 | 12254 |
| Deferred tax assets, net | 4740 | 5040 |
| Other assets (includes $6,294 and $6,421 at fair value) | 29628 | 26566 |
| **Total assets** | **$3505318** | **$3497598** |
| **Liabilities and equity** |  |  |
| *Liabilities* |  |  |
| Accrued interest payable | $10556 | $10597 |
| Debt issued by consolidated trusts (includes $5,971 and $5,841 at fair value) | 3214995 | 3198008 |
| Short-term debt | 24408 | 37718 |
| Long-term debt (includes $189 and $195 at fair value) | 169850 | 169296 |
| Other liabilities (includes $983 and $781 at fair value) | 11587 | 11595 |
| **Total liabilities** | **3431396** | **3427214** |
| Commitments and contingencies |  |  |
| *Equity* |  |  |
| Senior preferred stock (liquidation preference of $143,032 and $140,248) | 72648 | 72648 |
| Preferred stock, at redemption value | 14109 | 14109 |
| Common stock, $0.00 par value, 4,000,000,000 shares authorized, 725,863,886 shares issued and 650,059,553 shares outstanding |  |  |
| Retained earnings | (8981) | (12539) |
| AOCI, net of taxes | 31 | 51 |
| Treasury stock, at cost, 75,804,333 shares | (3885) | (3885) |
| **Total equity** | **73922** | **70384** |
| **Total liabilities and equity** | **$3505318** | **$3497598** |
| The table below presents the carrying value and classification of the assets and liabilities related to consolidated variable interest entities (VIEs) on the company's condensed consolidated balance sheets. | The table below presents the carrying value and classification of the assets and liabilities related to consolidated variable interest entities (VIEs) on the company's condensed consolidated balance sheets. | The table below presents the carrying value and classification of the assets and liabilities related to consolidated variable interest entities (VIEs) on the company's condensed consolidated balance sheets. |
|  | **March 31,** | **December 31,** |
| **(In millions)** | **2026** | **2025** |
| **Assets** |  |  |
| Cash and cash equivalents (includes $1,202 and $1,136 of restricted cash and cash equivalents) | $1202 | $1136 |
| Securities purchased under agreements to resell | 22262 | 19107 |
| Investment securities, at fair value | 446 | 34 |
| Mortgage loans held-for-investment, net | 3222541 | 3198847 |
| Accrued interest receivable | 10970 | 10825 |
| Other assets | 10879 | 8573 |
| **Total assets of consolidated VIEs** | **$3268300** | **$3238522** |
| **Liabilities** |  |  |
| Accrued interest payable | $9441 | $9312 |
| Debt issued by consolidated trusts | 3214995 | 3198008 |
| **Total liabilities of consolidated VIEs** | **$3224436** | **$3207320** |

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## Exhibit 99.2

![](a1q2026earningspresentat001.jpg)

First Quarter 2026 Earnings Presentation April 30, 2026 Exhibit 99.2

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![](a1q2026earningspresentat002.jpg)

2 1Q 2026 Key Highlights Net Revenues $6.1B Up 5% from $5.9B in 1Q25 Financial Performance 1Q26 Mission Performance 52% First-time homebuyers (Single-Family) $116B Liquidity provided to the mortgage market 380K Households helped to buy, refinance, or rent a home 93% Affordable to low-to-moderate income families (Multifamily) 52% Affordable to low-to-moderate income families (Single-Family) Net Income $3.6B Up 27% from $2.8B in 1Q25 Net Worth $74B Up from $70B as of 4Q25

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![](a1q2026earningspresentat003.jpg)

$3.7T ($3.6T in 1Q25) Mortgage Portfolio 3 1Q 2026 Financial Summary $ Millions 1Q26 4Q25 Var ($) Var (%) 1Q25 Var ($) Var (%) Net revenues $6,133 $5,764 $369 6 % $5,852 $281 5 % (Provision) benefit for credit losses 320 (52) 372 NM (280) 600 NM Non-interest expense (2,022) (2,258) 236 10 (2,088) 66 3 Income before income tax expense 4,431 3,454 977 28 3,484 947 27 Income tax expense (873) (677) (196) (29) (690) (183) (27) Net income $3,558 $2,777 $781 28 % $2,794 $764 27 % Total assets ($B) $3,505 $3,498 $7 — % $3,409 $96 3 % Net worth ($B) 73.9 70.4 3.5 5 62.4 11.5 18 $5.6B ($5.1B in 1Q25) Net Interest Income 0.65% (0.60% in 1Q25) Net Interest Margin Key Metrics 0.23% (0.22% in 1Q25) Allowance for Credit Losses / Total Loans Outstanding $117B ($108B in 1Q25) Required CET1 Capital

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![](a1q2026earningspresentat004.jpg)

Mortgage Portfolio (UPB in $B) $3,115 $3,127 $3,141 $3,156 $3,158 49 49 50 50 50 Mortgage portfolio Average estimated guarantee fee rate (bps) 1Q25 2Q25 3Q25 4Q25 1Q26 Single-Family Highlights 4 $ Millions 1Q26 4Q25 Var ($) Var (%) 1Q25 Var ($) Var (%) Net revenues $5,175 $4,902 $273 6 % $4,918 $257 5 % (Provision) benefit for credit losses 311 210 101 48 (228) 539 NM Non-interest expense (1,780) (2,005) 225 11 (1,871) 91 5 Income tax expense (730) (609) (121) (20) (558) (172) (31) Net income $2,976 $2,498 $478 19 % $2,261 $715 32 % • Net revenues increased 5% year-over-year mainly driven by continued mortgage portfolio growth and growth in the mortgage-related investments portfolio • Non-interest expense decreased 5% year-over-year driven by a decrease in salaries and employee benefits and lower credit enhancement expense • Net income of $3.0 billion, up 32% year-over-year • Refinance activity of $43 billion accounted for 42% of 1Q26 new business activity New Business Activity (UPB in $B) $78 $94 $99 $118 $103 $62 $76 $81 $77 $60 $16 $18 $18 $41 $43 54 54 54 54 54 Home purchase Refinance Average estimated guarantee fee rate (bps) 1Q25 2Q25 3Q25 4Q25 1Q26

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![](a1q2026earningspresentat005.jpg)

Weighted Average Original LTV Ratio 77% 77% 77% 76% 75% 1Q25 2Q25 3Q25 4Q25 1Q26 5 Weighted Average Original Credit Score 756 759 756 758 758 1Q25 2Q25 3Q25 4Q25 1Q26 Weighted Average Original DTI Ratio 39% 38% 38% 37% 37% 1Q25 2Q25 3Q25 4Q25 1Q26 Credit Characteristics of Single-Family New Business Activity

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![](a1q2026earningspresentat006.jpg)

$ Millions 1Q26 4Q25 Var ($) Var (%) 1Q25 Var ($) Var (%) Net revenues $958 $862 $96 11 % $934 $24 3 % (Provision) benefit for credit losses 9 (262) 271 NM (52) 61 NM Non-interest expense (242) (253) 11 4 (217) (25) (12) Income tax expense (143) (68) (75) (110) (132) (11) (8) Net income $582 $279 $303 109 % $533 $49 9 % Mortgage Portfolio (UPB in $B) $467 $466 $480 $496 $498 52 53 54 56 58 Mortgage portfolio Average guarantee fee rate charged (bps) 1Q25 2Q25 3Q25 4Q25 1Q26 Multifamily Highlights 6 • Net revenues up 3% year-over-year mainly driven by higher guarantee net interest income, partially offset by lower non- interest income, consistent with the business strategy shift toward fully guaranteed securitizations • Net income up 9% year-over-year • New business activity up 25% year-over-year due to a larger multifamily mortgage originations market New Business Activity (UPB in $B) $10 $12 $25 $29 $13 1Q25 2Q25 3Q25 4Q25 1Q26

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![](a1q2026earningspresentat007.jpg)

Progress Towards Regulatory Capital Requirements ($B) $40 $57 $50 $60 $32 $44 ($41) CET1 minimum capital requirement Applicable buffer Additional Tier 1 & 2 Available capital (deficit) Growth in Net Worth ($B) $37 $48 $60 $70 $74 $90 $96 $107 $114 $117 Net worth Required CET1 capital December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 March 31, 2026 7 Net Worth and Regulatory Capital $161B 1Q26 $117B Total CET1 Capital Requirement • Net worth of $74 billion at March 31, 2026, up 18% year-over-year • $161 billion of total capital required at March 31, 2026, including $60 billion of buffers 4Q22 $122B $90B Total CET1 Capital Requirement ($4) $ Billions 4Q22 1Q26 Net worth $37 $74 Less: Senior preferred stock $73 $73 Less: Regulatory capital position adjustments and deductions $5 $5 Adjusted total regulatory capital (deficit) ($41) ($4)

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8 Forward-Looking Statements and Additional Information Forward-looking statements Freddie Mac's presentations may contain forward-looking statements pertaining to our conservatorship, our current expectations and objectives for its Single-Family and Multifamily segments, our efforts to assist the housing market, liquidity and capital management, and the effects of economic and market conditions and trends on our business, results of operations, and financial condition, including changes in house prices and house price forecasts, our market coverage, the effect of legislative and regulatory developments and new accounting guidance, the credit quality of loans the company owns or guarantees, the costs and benefits of the company's credit risk transfer (CRT) transactions, the impact of banking crises or failures, and the effects of wars, terrorist incidents, public policy and political developments, cybersecurity incidents, natural disasters or catastrophic events and actions taken in response thereto. Forward-looking statements involve known and unknown risks and uncertainties beyond our control. Our expectations necessarily involve assumptions, judgments, and estimates. Various factors could cause actual results to differ materially from these expectations, including changes in economic and market conditions, liquidity, mortgage spreads, credit outlook, actions by the U.S. government (including FHFA, Treasury, the executive branch, and Congress) and state and local governments, changes in the fiscal and monetary policies of the Federal Reserve, the impact of any downgrade in our credit ratings or those of the U.S. government, and the impacts of legislation or regulations and new or amended accounting guidance. We discuss these assumptions, judgments, estimates and factors in our Annual Report on Form 10-K for the year ended December 31, 2025 and our subsequent SEC filings available on the Investor Relations page of the company's website at www.freddiemac.com and the SEC's website at www.sec.gov. We have no obligation to update forward-looking statements to reflect subsequent events or circumstances. Additional Information For more information, including information related to Freddie Mac's financial results, conservatorship, and related matters, see the company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, Annual Report on Form 10-K for 2025, and First Quarter 2026 Press Release and First Quarter 2026 Financial Supplement. These documents are available on the Investor Relations page of the company's website at www.FreddieMac.com. Additional information about these matters and Freddie Mac and its business is also set forth in the company's other filings with the SEC, which are available on the Investor Relations page of the company's website at www.FreddieMac.com and the SEC's website at www.sec.gov. Freddie Mac encourages all investors and interested members of the public to review these materials for a more complete understanding of the company's financial results and related disclosures.

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## Exhibit 99.3

![](a1q2026financialsuppleme001.jpg)

Exhibit 99.3 FIRST QUARTER 2026 FINANCIAL SUPPLEMENT April 30, 2026

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**Table of Contents** CONSOLIDATED RESULTS Selected Financial Data Condensed Consolidated Income Statements Condensed Consolidated Balance Sheets Average Balances and Yields Credit-Related Information Regulatory Capital BUSINESS SEGMENT RESULTS Single-Family Multifamily Page 3 5 4 We define some of the terms and other information in this presentation in Freddie Mac's Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"). You should review this presentation together with the 2025 Form 10-K and our subsequent SEC filings at http://www. freddiemac.com/investors. In some cases we present information from third-party sources such as mortgage loan sellers and servicers; while we generally believe in its accuracy, we do not independently verify all of it. Percentage sums may vary from 100% due to rounding. Unless otherwise indicated, data is as of March 31, 2026 or for the first quarter of 2026. Unless otherwise indicated, data for prior years is as of December 31 or for the full year indicated. 6 7 8 9 12

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FREDDIE MAC ($ in millions) 4Q 2025 1Q 2025 SELECTED INCOME STATEMENT DATA Net interest income $5,619 $5,547 $5,455 $5,299 $5,102 1 10 Non-interest income 514 217 284 617 750 137 (31) Net revenues 6,133 5,764 5,739 5,916 5,852 6 5 (Provision) benefit for credit losses 320 (52) (175) (783) (280) NM NM Non-interest expense (2,022) (2,258) (2,116) (2,158) (2,088) 10 3 Income before income tax expense 4,431 3,454 3,448 2,975 3,484 28 27 Income tax expense (873) (677) (675) (588) (690) (29) (27) Net income $3,558 $2,777 $2,773 $2,387 $2,794 28 27 Comprehensive income $3,538 $2,784 $2,789 $2,408 $2,828 27 25 SELECTED BALANCE SHEET DATA (period-end) Cash and cash equivalents $4,469 $5,327 $4,624 $4,267 $4,790 (16) (7) Securities purchased under agreements to resell 74,804 71,919 86,334 95,451 105,070 4 (29) Investment securities, at fair value 75,939 85,412 83,855 82,850 59,054 (11) 29 Mortgage loans held-for-sale 1,225 1,014 1,807 6,300 14,405 21 (91) Mortgage loans held-for investment (net of allowance for credit losses) 3,302,306 3,290,066 3,248,704 3,206,974 3,186,345 — 4 Total assets 3,505,318 3,497,598 3,468,187 3,436,280 3,409,116 — 3 Debt issued by consolidated trusts 3,214,995 3,198,008 3,175,464 3,155,397 3,145,248 1 2 Short-term debt 24,408 37,718 38,255 21,218 14,407 (35) 69 Long-term debt 169,850 169,296 165,354 172,659 165,446 — 3 Total liabilities 3,431,396 3,427,214 3,400,587 3,371,469 3,346,713 — 3 Equity 73,922 70,384 67,600 64,811 62,403 5 18 CONSERVATORSHIP METRICS Net worth $73,922 $70,384 $67,600 $64,811 $62,403 5 18 Senior preferred stock liquidation preference 143,032 140,248 137,459 135,051 132,223 2 8 Remaining Treasury funding commitment 140,162 140,162 140,162 140,162 140,162 — — Cumulative dividend payments to Treasury 119,680 119,680 119,680 119,680 119,680 — — Cumulative draws from Treasury 71,648 71,648 71,648 71,648 71,648 — — 1Q 2025 1Q 2026 Change (%) SELECTED FINANCIAL DATA 4Q 20251Q 2026 2Q 20253Q 2025 3

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FREDDIE MAC ($ in millions, except per share data) 4Q 2025 1Q 2025 Interest income $33,650 $33,432 $32,975 $32,048 $31,365 1 7 Interest expense (28,031) (27,885) (27,520) (26,749) (26,263) (1) (7) Net interest income 5,619 5,547 5,455 5,299 5,102 1 10 Non-interest income Guarantee income 320 377 377 398 440 (15) (27) Investments gains (losses), net 42 (283) (237) 119 192 NM (78) Other income 152 123 144 100 118 24 29 Non-interest income 514 217 284 617 750 137 (31) Net revenues 6,133 5,764 5,739 5,916 5,852 6 5 (Provision) benefit for credit losses 320 (52) (175) (783) (280) NM NM Non-interest expense Salaries and employee benefits (376) (412) (423) (453) (423) 9 11 Professional services, technology, and occupancy (250) (334) (293) (295) (253) 25 1 Credit enhancement expense (441) (542) (489) (511) (540) 19 18 Legislative and regulatory assessments (832) (842) (839) (825) (817) 1 (2) Other expense (123) (128) (72) (74) (55) 4 (124) Non-interest expense (2,022) (2,258) (2,116) (2,158) (2,088) 10 3 Income before income tax expense 4,431 3,454 3,448 2,975 3,484 28 27 Income tax expense (873) (677) (675) (588) (690) (29) (27) Net income 3,558 2,777 2,773 2,387 2,794 28 27 Other comprehensive income (loss), net of taxes and reclassification adjustments (20) 7 16 21 34 NM NM Comprehensive income $3,538 $2,784 $2,789 $2,408 $2,828 27 25 Net income $3,558 $2,777 $2,773 $2,387 $2,794 28 27 Amounts attributable to senior preferred stock (3,538) (2,784) (2,789) (2,408) (2,828) (27) (25) Net income (loss) attributable to common stockholders $20 ($7) ($16) ($21) ($34) NM NM Net income (loss) per common share $0.01 $0.00 $0.00 ($0.01) ($0.01) NM NM Weighted average common shares (in millions) 3,234 3,234 3,234 3,234 3,234 — — 1Q 2025 1Q 2026 Change (%) CONDENSED CONSOLIDATED INCOME STATEMENTS 4Q 20251Q 2026 2Q 20253Q 2025 4

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FREDDIE MAC ($ in millions) 12/31/2025 03/31/2025 Assets Cash and cash equivalents $4,469 $5,327 $4,624 $4,267 $4,790 (16) (7) Securities purchased under agreements to resell 74,804 71,919 86,334 95,451 105,070 4 (29) Investment securities, at fair value 75,939 85,412 83,855 82,850 59,054 (11) 29 Mortgage loans held-for-sale 1,225 1,014 1,807 6,300 14,405 21 (91) Mortgage loans held-for investment (net of allowance for credit losses) 3,302,306 3,290,066 3,248,704 3,206,974 3,186,345 — 4 Accrued interest receivable 12,207 12,254 11,813 11,583 11,050 — 10 Deferred tax assets, net 4,740 5,040 4,727 5,005 4,992 (6) (5) Other assets 29,628 26,566 26,323 23,850 23,410 12 27 Total assets $3,505,318 $3,497,598 $3,468,187 $3,436,280 $3,409,116 — 3 Liabilities and equity Liabilities Accrued interest payable $10,556 $10,597 $10,185 $10,226 $9,756 — 8 Debt issued by consolidated trusts 3,214,995 3,198,008 3,175,464 3,155,397 3,145,248 1 2 Short-term debt 24,408 37,718 38,255 21,218 14,407 (35) 69 Long-term debt 169,850 169,296 165,354 172,659 165,446 — 3 Other liabilities 11,587 11,595 11,329 11,969 11,856 — (2) Total liabilities 3,431,396 3,427,214 3,400,587 3,371,469 3,346,713 — 3 Equity Senior preferred stock 72,648 72,648 72,648 72,648 72,648 — — Preferred stock, at redemption value 14,109 14,109 14,109 14,109 14,109 — — Common stock — — — — — — — Retained earnings (accumulated deficit) (8,981) (12,539) (15,316) (18,089) (20,476) 28 56 AOCI, net of taxes 31 51 44 28 7 (39) 343 Treasury stock, at cost (3,885) (3,885) (3,885) (3,885) (3,885) — — Total equity 73,922 70,384 67,600 64,811 62,403 5 18 Total liabilities and equity $3,505,318 $3,497,598 $3,468,187 $3,436,280 $3,409,116 — 3 3/31/2025 3/31/2026 Change (%) CONDENSED CONSOLIDATED BALANCE SHEETS 12/31/20253/31/2026 6/30/20259/30/2025 5

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FREDDIE MAC AVERAGE BALANCES AND YIELDS ($ in millions, except yields) AVERAGE BALANCES Interest-earning assets: Cash and cash equivalents $8,363 $8,929 $8,639 $9,370 $9,355 $52 $60 $70 $73 $79 Securities purchased under agreements to resell 84,924 97,243 101,119 106,309 111,687 798 1,011 1,136 1,186 1,240 Investment securities 76,752 87,343 83,769 74,793 55,955 833 940 932 845 620 Mortgage loans held by consolidated trusts 3,216,438 3,184,074 3,155,173 3,139,834 3,129,811 30,966 30,399 29,892 29,126 28,591 Mortgage loans held by Freddie Mac 86,808 85,703 78,910 68,211 70,429 966 976 910 775 804 Other assets 3,100 3,332 3,134 2,946 2,055 35 46 35 43 31 Total interest-earning assets 3,476,385 3,466,624 3,430,744 3,401,463 3,379,292 $33,650 $33,432 $32,975 $32,048 $31,365 Interest-bearing liabilities: Debt issued by consolidated trusts 3,189,597 3,171,240 3,147,760 3,137,146 3,125,203 (26,001) (25,557) (25,072) (24,492) (24,059) Short-term debt 30,089 37,410 28,185 16,347 14,822 (275) (378) (302) (177) (161) Long-term debt 169,973 170,077 174,687 172,110 170,573 (1,702) (1,871) (2,066) (2,025) (2,000) Securities sold under agreements to repurchase 5,949 7,897 7,308 5,202 3,999 (53) (79) (80) (55) (43) Total interest-bearing liabilities 3,395,608 3,386,624 3,357,940 3,330,805 3,314,597 ($28,031) ($27,885) ($27,520) ($26,749) ($26,263) Net interest income $5,619 $5,547 $5,455 $5,299 $5,102 YIELDS Interest-earning assets: Cash and cash equivalents 2.51 % 2.62 % 3.16 % 3.10 % 3.38 % Securities purchased under agreements to resell 3.76 % 4.16 % 4.49 % 4.46 % 4.44 % Investment securities 4.34 % 4.31 % 4.45 % 4.52 % 4.43 % Mortgage loans held by consolidated trusts 3.85 % 3.82 % 3.79 % 3.71 % 3.65 % Mortgage loans held by Freddie Mac 4.45 % 4.55 % 4.62 % 4.54 % 4.57 % Other assets 4.48 % 5.41 % 4.36 % 5.79 % 5.98 % Total interest-earning assets 3.87 % 3.85 % 3.85 % 3.77 % 3.71 % Interest-bearing liabilities: Debt issued by consolidated trusts (3.26)% (3.22)% (3.19)% (3.12)% (3.08)% Short-term debt (3.66)% (3.95)% (4.19)% (4.27)% (4.36)% Long-term debt (4.00)% (4.40)% (4.73)% (4.70)% (4.69)% Securities sold under agreements to repurchase (3.57)% (3.99)% (4.37)% (4.28)% (4.25)% Total interest-bearing liabilities (3.30)% (3.29)% (3.28)% (3.22)% (3.17)% Net interest yield 0.65 % 0.64 % 0.64 % 0.62 % 0.60 % 4Q 20251Q 2026 AVERAGE BALANCES 2Q 20253Q 2025 1Q 2025 1Q 20252Q 2025 INTEREST INCOME (EXPENSE) 3Q 20254Q 20251Q 2026 6

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FREDDIE MAC ($ in millions, except ratio data) 4Q 2025 1Q 2025 ALLOWANCE FOR CREDIT LOSSES Single-Family allowance for credit losses: Beginning balance $7,549 $7,664 $7,516 $6,851 $6,691 (2) 13 Provision (benefit) for credit losses (311) (210) 118 622 228 (48) NM Charge-offs (178) (73) (118) (96) (191) (144) 7 Recoveries collected 60 61 38 23 27 (2) 122 Net charge-offs (118) (12) (80) (73) (164) (883) 28 Other 108 107 110 116 96 1 13 Ending balance $7,228 $7,549 $7,664 $7,516 $6,851 (4) 6 Multifamily allowance for credit losses: Beginning balance $956 $703 $757 $600 $548 36 74 Provision (benefit) for credit losses (9) 262 57 161 52 NM NM Charge-offs (64) (10) (111) (4) (1) (540) (6,300) Recoveries collected 1 1 — — 1 — — Net charge-offs (63) (9) (111) (4) — (600) NM Other 1 0 0 0 0 NM NM Ending balance $885 $956 $703 $757 $600 (7) 48 Total allowance for credit losses: Beginning balance $8,505 $8,367 $8,273 $7,451 $7,239 2 17 Provision (benefit) for credit losses (320) 52 175 783 280 NM NM Charge-offs (242) (83) (229) (100) (192) (192) (26) Recoveries collected 61 62 38 23 28 (2) 118 Net charge-offs (181) (21) (191) (77) (164) (762) (10) Other 109 107 110 116 96 2 14 Ending balance $8,113 $8,505 $8,367 $8,273 $7,451 (5) 9 COMPONENTS OF ALLOWANCE FOR CREDIT LOSSES Mortgage loans held-for-investment $7,643 $7,968 $7,890 $7,729 $6,974 (4) 10 Other 470 537 477 544 477 (12) (1) Ending balance $8,113 $8,505 $8,367 $8,273 $7,451 (5) 9 ALLOWANCE FOR CREDIT LOSSES TO TOTAL LOANS OUTSTANDING Single-Family 0.22 % 0.23 % 0.24 % 0.23 % 0.21 % Multifamily 0.42 % 0.46 % 0.43 % 0.52 % 0.49 % Total 0.23 % 0.24 % 0.24 % 0.24 % 0.22 % NET CHARGE-OFFS TO AVERAGE LOANS OUTSTANDING Single-Family — % — % — % — % 0.01 % Multifamily 0.04 % 0.01 % 0.10 % — % — % Total 0.01 % — % 0.01 % — % 0.01 % 1Q 2025 1Q 2026 Change (%) CREDIT-RELATED INFORMATION 4Q 20251Q 2026 2Q 20253Q 2025 7

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FREDDIE MAC ($ in billions, except ratio data) 4Q 2025 1Q 2025 AVAILABLE CAPITAL (DEFICIT) Risk-based capital metrics Standardized Total capital (statutory) $9 $6 $3 $— ($3) 50 400 CET1 capital (18) (22) (24) (27) (29) 18 38 Tier 1 capital (4) (7) (10) (13) (15) 43 73 Adjusted total capital (4) (7) (10) (13) (15) 43 73 Risk-weighted assets 1,259 1,231 1,172 1,114 1,099 2 15 Total capital (statutory) ratio 0.7 % 0.5 % 0.3 % 0 % (0.3)% 40 333 CET capital ratio (1.4)% (1.8)% (2.0)% (2.4)% (2.7)% 22 48 Tier 1 capital ratio (0.3)% (0.6)% (0.8)% (1.2)% (1.4)% 50 79 Adjusted total capital ratio (0.3)% (0.6)% (0.8)% (1.2)% (1.4)% 50 79 Leverage-based capital metrics Core capital (statutory) $1 ($2) ($5) ($8) ($10) 150 110 Tier 1 capital (4) (7) (10) (13) (15) 43 73 Adjusted total assets 3,903 3,905 3,885 3,864 3,834 — 2 Core capital (statutory) ratio 0 % (0.1)% (0.1)% (0.2)% (0.3)% 100 100 Tier 1 capital ratio (0.1)% (0.2)% (0.3)% (0.3)% (0.4)% 50 75 1Q 2025 1Q 2026 Change (%) REGULATORY CAPITAL 4Q 20251Q 2026 2Q 20253Q 2025 8

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FREDDIE MAC SELECTED SINGLE-FAMILY INCOME STATEMENT DATA ($ in millions) 4Q 2025 1Q 2025 Net interest income $5,120 $5,080 $5,047 $4,898 $4,753 1 8 Non-interest income 55 (178) (143) 237 165 NM (67) Net revenues 5,175 4,902 4,904 5,135 4,918 6 5 (Provision) benefit for credit losses 311 210 (118) (622) (228) 48 NM Non-interest expense (1,780) (2,005) (1,868) (1,905) (1,871) 11 5 Income before income tax expense 3,706 3,107 2,918 2,608 2,819 19 31 Income tax expense (730) (609) (571) (516) (558) (20) (31) Net income 2,976 2,498 2,347 2,092 2,261 19 32 Other comprehensive income (loss), net of taxes and reclassification adjustments (13) (1) 6 9 8 (1,200) NM Comprehensive income $2,963 $2,497 $2,353 $2,101 $2,269 19 31 SELECTED SINGLE-FAMILY HIGHLIGHTS Average estimated guarantee fee rate (bps) 50 50 50 49 49 SINGLE-FAMILY MORTGAGE PORTFOLIO CREDIT ENHANCEMENT COVERAGE OUTSTANDING (UPB in $ billions) Primary mortgage insurance $680 $681 $675 $666 $662 — 3 STACR 1,180 1,165 1,183 1,189 1,213 1 (3) ACIS 552 594 690 732 738 (7) (25) Other 38 38 39 39 39 — (4) Credit enhancement coverage (%) 62 % 61 % 62 % 62 % 62 % SINGLE-FAMILY LOAN STATISTICS Delinquency rates One-month past due 0.98 % 1.09 % 1.03 % 1.04 % 0.96 % Two months past due 0.27 % 0.31 % 0.28 % 0.26 % 0.26 % Serious delinquency rate 0.60 % 0.59 % 0.57 % 0.55 % 0.59 % Single-Family loan workouts (UPB $ in millions) Payment deferral plans $2,319 $1,993 $2,029 $2,238 $2,874 16 (19) Loan modifications 2,375 2,532 2,598 2,762 1,894 (6) 25 Forbearance plans and other 1,744 1,665 1,180 1,356 1,640 5 6 Total loan workouts $6,438 $6,190 $5,807 $6,356 $6,408 4 — Number of loan workouts (in thousands) 24 23 22 24 25 1Q 2025 1Q 2026 Change (%) SEGMENT RESULTS - SINGLE-FAMILY SELECTED FINANCIAL DATA 4Q 20251Q 2026 2Q 20253Q 2025 9

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FREDDIE MAC ($ in billions) SELECTED SINGLE-FAMILY NEW BUSINESS ACTIVITY DATA 4Q 2025 1Q 2025 New Business Activity by Purpose Purchase $60 $77 $81 $76 $62 (22) (3) Refinance 43 41 18 18 16 5 169 Total new business activity $103 $118 $99 $94 $78 (13) 32 New Business Activity Credit Characteristics Weighted average original LTV ratio 75 % 76 % 77 % 77 % 77 % Original LTV ratio >90% 19 % 20 % 24 % 23 % 23 % Weighted average original credit score 758 758 756 759 756 DTI ratio > 45% 24 % 25 % 28 % 28 % 30 % Fixed-rate 97 % 96 % 97 % 97 % 99 % Primary residence 94 % 95 % 94 % 93 % 93 % NEW BUSINESS ACTIVITY LOAN PURPOSE (%) Purchase 58 % 65 % 82 % 81 % 79 % Cash-out refinance 10 % 9 % 9 % 8 % 11 % Other refinance 32 % 26 % 9 % 11 % 10 % 1Q 2025 1Q 2026 Change (%) SEGMENT RESULTS - SINGLE-FAMILY NEW BUSINESS ACTIVITY 4Q 20251Q 2026 2Q 20253Q 2025 10

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FREDDIE MAC As of March 31, 2026 SELECTED SINGLE-FAMILY MORTGAGE PORTFOLIO CREDIT CHARACTERISTICS Total UPB ($ in billions) $64.1 $352.5 $272.4 $199.3 $356.0 $1,913.7 $3,158.0 Share of Single-Family mortgage portfolio 2 % 11 % 9 % 6 % 11 % 61 % 100 % Share of loans with credit enhancement 33 % 48 % 72 % 76 % 69 % 61 % 62 % Serious delinquency rate (by loan count) — % 0.11 % 0.69 % 1.19 % 1.03 % 0.55 % 0.60 % Weighted average original LTV ratio 75 % 77 % 78 % 79 % 76 % 72 % 74 % Weighted average current LTV ratio 76 % 76 % 74 % 71 % 63 % 42 % 53 % Weighted average original credit score 759 756 753 750 746 751 751 Weighted average current credit score 759 752 749 741 740 757 753 Single-Family Mortgage Portfolio Credit Characteristics 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 Weighted average current LTV ratio 53 % 53 % 53 % 53 % 52 % Weighted average original credit score 751 751 751 751 751 SEGMENT RESULTS - SINGLE-FAMILY MORTGAGE PORTFOLIO CREDIT CHARACTERISTICS 2026 2025 BY ORIGINATION YEAR 2024 2023 2022 Prior Years Total 11

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FREDDIE MAC SELECTED MULTIFAMILY INCOME STATEMENT DATA ($ in millions) 4Q 2025 1Q 2025 Net interest income $499 $467 $408 $401 $349 7 43 Non-interest income 459 395 427 380 585 16 (22) Net revenues 958 862 835 781 934 11 3 (Provision) benefit for credit losses 9 (262) (57) (161) (52) NM NM Non-interest expense (242) (253) (248) (253) (217) 4 (12) Income before income tax expense 725 347 530 367 665 109 9 Income tax expense (143) (68) (104) (72) (132) (110) (8) Net income 582 279 426 295 533 109 9 Other comprehensive income (loss), net of taxes and reclassification adjustments (7) 8 10 12 26 NM NM Comprehensive income $575 $287 $436 $307 $559 100 3 MULTIFAMILY NEW BUSINESS CHARACTERISTICS New business activity ($ in billions) $13 $29 $25 $12 $10 (56) 25 Weighted average original LTV ratio (%) 65 % 65 % 64 % 62 % 62 % Weighted average original debt service coverage ratio 1.30 1.28 1.29 1.34 1.30 Acquisitions of units by area median income <60% 35 % 35 % 34 % 39 % 43 % >60% to <80% 37 % 33 % 33 % 35 % 32 % >80% to <120% 21 % 24 % 25 % 21 % 19 % >120% 7 % 8 % 8 % 5 % 6 % SELECTED MULTIFAMILY MORTGAGE PORTOLIO DATA ($ in billions) Multifamily mortgage portfolio (UPB) $498 $496 $480 $466 $467 — 7 Average guarantee fee rate charged (bps) at period end 58 56 54 53 52 4 12 MULTIFAMILY MORTGAGE PORTFOLIO CREDIT ENHANCEMENT COVERAGE OUTSTANDING (UPB in $ billions) Subordination $321 $330 $340 $348 $351 (3) (8) MSCR/MCIP 122 102 83 73 74 19 65 Other 8 9 10 10 10 (7) (15) Credit enhancement coverage (%) 91 % 89 % 90 % 92 % 93 % MULTIFAMILY LOAN STATISTICS Delinquency rate (%) 0.43 % 0.44 % 0.51 % 0.47 % 0.46 % 1Q 2025 1Q 2026 Change (%) SEGMENT RESULTS - MULTIFAMILY SELECTED FINANCIAL DATA 4Q 20251Q 2026 2Q 20253Q 2025 12

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