Freddie Mac Q2 Net Income Surges 61% to $3.8B on Credit Reserve Release
FMCC sits 66% above its 52-week low of $3.4.
Summary
Freddie Mac's Q2 2026 net income soared 61% to $3.8 billion, fueled by a credit reserve release. Net worth reached $77.8 billion, but delinquency rates crept higher in both Single-Family and Multifamily segments.
Key Events · Earnings and Guidance · FMCC
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Net Income Jumps 61%
Q2 2026 net income of $3.8 billion, up from $2.4 billion in Q2 2025, primarily due to a $0.9 billion benefit for credit losses versus a $0.8 billion provision a year ago.
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Credit Reserve Release Drives Beat
The benefit for credit losses was $0.9 billion, mainly from a Single-Family credit reserve release tied to updated house price scenario modeling, not underlying credit improvement.
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Net Worth Strengthens to $78B
Net worth increased to $77.8 billion at June 30, 2026, up 20% year-over-year, as retained earnings grew and the senior preferred stock liquidation preference rose to $146.6 billion.
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Delinquencies Edge Higher
Single-Family serious delinquency rate rose to 0.60% from 0.55% a year ago; Multifamily delinquency rate increased to 0.51% from 0.47%, signaling potential credit stress.
Analysis · FMCC · Finance
A $0.9 billion credit reserve release in Single-Family propelled Freddie Mac's Q2 2026 net income to $3.8 billion, a 61% jump from a year ago. Net revenues edged up 1% to $6.0 billion, while net worth climbed to $77.8 billion. Beneath the surface, however, credit quality showed cracks: the Single-Family serious delinquency rate ticked up to 0.60% from 0.55% a year ago, and Multifamily delinquencies rose to 0.51% from 0.47%. The earnings beat is substantial, but the reserve release—a non-cash accounting adjustment—flatters the bottom line, and rising delinquencies in a softening housing market warrant attention.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 35.6% of the 1100 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FMCC was trading at $5.64 on OTC in the Finance sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $3.40 to $14.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.