Freddie Mac (FMCC) reports higher

Freddie Mac (FMCC, Financial) recorded an increase in net sales in the first quarter and reached $ 5.9 billion compared to $ 5.8 billion in the same period of the previous year. This performance led to a net result of 2.8 billion US dollars for the quarter and increased the company's net assets to $ 62 billion.

During this time, Freddie Mac played a crucial role in supporting over 313,000 American families when shopping, renting or refinancing houses. Remarkably, 52% of single -family loans were aimed at first buyers, and 92% of the financed rental units were affordable for earners with medium -sized incomes, including essential community workers such as teachers and police officers.

The Federal Housing Finance Agency (FHFA) is made to refine Freddie Mac's business by eliminating redundant processes and non -critical activities. This initiative aims to reduce the costs and improve the affordability of the mortgages and at the same time strengthen the stability and effectiveness of Freddie Mac in fulfilling its mission to meet the American public.

Forecast Wall Street Analysten

Based on the one -year goals offered by 2 analysts, the average price target for the Federal Home Loan Mortgage Corp (FMCC, Financial) is USD 3.25 with a high estimate of USD 4.50 and a low estimate of USD 2.00. The average goal implies a disadvantage of 37.26% compared to the current price of $ 5.18. You can find more detailed estimation data on the forecast side of the Federal Home Loan Mortgage Corp (FMCC).

Based on the consensus recommendation of 1 brokerage company, the average brokerage recommendation of Federal Home Loan Mortgage Corp (FMCC, Financial) is currently 4.0, which shows the status “underperform”. The evaluation scale ranges from 1 to 5, with 1 selling a strong purchase and 5.

Based on GURUFOCUS estimates, the estimated GF value for the Federal Home Loan Mortgage Corp (FMCC, Financial) is 0.68 USD in one year, which indicates a decrease of 86.87% compared to the current price of $ 5.18. The GF value is GURUFOCUS 'estimate of the time value to be enforced, with which the share should be traded. It is calculated on the basis of the historical multipliers with which the share has previously traded, as well as earlier business growth and the future estimates of corporate performance. You can find more detailed data on the summary of the Federal Home Loan Mortgage Corp (FMCC).

FMCC important business developments

Appearance date: February 13, 2025

You can find the complete copy of the earnings call in the complete earnings call.

Positive points

• Federal Home Loan Mortgage Corp (FMCC, Financial) reported the strongest result since 2021 with a total annual profit of 11.9 billion US dollars, which was an increase of 13% compared to the previous year.
• The company's net assets reached almost $ 60 billion, which contradicted 25% growth compared to the previous year and increased its financial stability.
• FMCC supported the real estate market by granting over 1 million loans from more than 1,000 lenders and unpacking it in mortgage securities (MBS) of over $ 411 billion, which is an increase of 18% compared to 2023.
• The company financed 52% of primary home purchases for first -time buyers and ensured that 53% of all housing loans for families with low and medium -sized incomes were affordable.
• The non-interest-free income rose by 55% to $ 4.2 billion compared to the previous year, which is available for higher income from credit and securitial activities and lower realized losses for the sale of securities.

Negative points

• The provision of loss of credit was an effort of $ 0.5 billion for the entire year 2024, mainly due to a loan reserve structure in the single-family segment.
• The serious crime rate in the single -family portfolio rose to 59 basis points, of 55 basis points at the end of 2023, mainly due to the youngest hurricanes.
• The multi -family crime rate rose from 28 basis points at the end of 2023 to 40 basis points, which is due to an increase in criminal floating rats loans.
• The average net guarantee rate for the new company dropped by 1 base point from 2023, which may have had future sources of revenue.
• Despite the strong financial performance, the company was based on new acquisitions and economic uncertainties that affect the loan performance.