Strong net income in the middle …

Appearance date: May 1, 2025

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

• Federal Home Loan Mortgage Corp (FMCC) reported a solid net result of 2.8 billion US dollars in the first quarter and increased net assets to $ 62 billion.

• The company supported 313,000 families in renting or refinancing houses. 52% of the purchases of single -family loans support first buyers.

• The net interest rate income rose by 7% to $ 5.1 billion compared to the previous year, which is due to the growth of the mortgage portfolio and the lower financing costs.

• The single-family segment recorded an increase in net income by 16% to $ 2.3 billion, with net sales increased by 10% compared to the previous year.

• The new business activities of apartment buildings rose to $ 10 billion, and 66% of the legitimate rental units affordable for families with low income.

• The non -interest result decreased by 25% compared to the previous year, which was mainly due to reduced net investment gains in the apartment segment.

• The multi -family segment reported a decline in net income by 35%, which is due to lower non -interest and less favorable changes to the time value to be added.

• The provision of loss of credit rose to USD 280 million, mainly due to credit reserves in the single-family segment.

• The multiple family folding rate rose to 46 basis points, which is due to delinquencies in floating rats loans.

• The serious crime rate of single -family houses increased by 7 basis in the year, which were influenced by the loans from the loans and the effects of hurricanes from 2022.

Q: Can you explain the factors in more detail that drive the increase in net income for the first quarter? A: James Whitlinger, EPP, CFO, said that the net result of $ 2.8 billion, an increase of $ 1% compared to the previous year, mainly due to higher net interest income based on continued mortgage portfolio and lower financing costs, some of which were compensated for by lower yields for short-term systems.

Q: What contributed to the decline in non -interest income for the quarter? A: James Whitlinger found that the non -interpretation income increased by 25% compared to the previous year, which is particularly due to a decline in the net investment profits in the multi -family segment.

Q: How did the family home develop in the first quarter? A: The single-family segment reported a net result of $ 2.3 billion from an increase of 16% compared to the previous year. This was due to an increase in net turnover by 10%, especially due to an increase in net interest income by 6% due to the mortgage portfolio growth.

Q: What are expectations of growth in the real estate price in the coming months? A: James Whitlinger explained that the current real estate price forecast will increase an increase of 4.2% in the next 12 months and 2.8% in the following 12 months, which is due to a change compared to the previous forecast.