Freddie Mac's strongest quarter in years: what drove the 61% surge

Favorable shifts in loan loss reserves helped fuel a jump in Freddie Mac's net income to a high not seen in years as it nearly matched its opponent in efforts to purchase home mortgages from private companies. Processing Content Freddie generated $3.8 billion worth of earnings that were up 60% from the same period a year earlier and compared to $3.6 billion in the first quarter. It also generated $6 billion in net revenues, beating S&P Capital IQ's consensus estimate of $5.4 billion.

FEDERAL HOME LOAN MORTGAGE CORP (FMCC) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2q2026erexhibit991.htm EX-99.1 Document Exhibit 99.1 Freddie Mac Reports Net Income of $3.8 Billion for Second Quarter 2026 Making Home Possible for 439,000 Households in Second Quarter 2026 • Financed 306,000 mortgages, with 54% of eligible loans affordable to low- to

BTIG downgraded Rocket, Fannie Mae and Freddie Mac to neutral from buy in Doug Harter’s second-half outlook, citing a tougher-than-expected rate environment and reduced visibility on “normalized” earnings. For Fannie/Freddie, BTIG said uncertainty around conservatorship timing limits near-term upside; it valued Fannie at $26 and Freddie at $32 in a positive case, but $4 each if preferreds convert to common. BTIG kept UWM at buy but cut its price target to $4 from $10 amid leverage/dividend conce

Trump said Fannie Mae and Freddie Mac’s IPO remains an option, according to The Wall Street Journal. He previously indicated in May 2025 “serious consideration” of going public while keeping the government’s implicit guarantee, and in August signaled plans for an IPO. Bloomberg reported both stocks are down over 30% this year.

President Donald Trump said the U.S. is still considering a public share offering (IPO) for mortgage firms Fannie Mae and Freddie Mac, adding it is “not a rush,” according to remarks to reporters on Air Force One. The companies have been under government control since 2008. Earlier reports in August cited potential valuation near $500 billion+ and raising about $30 billion by selling 5%–15% of shares.

President Donald Trump’s effort to end government conservatorship of mortgage firms Fannie Mae and Freddie Mac faces new uncertainty after Bill Pulte, FHFA director, was named acting director of national intelligence. CNN reports no updated timeline from the White House or FHFA. Experts warn a delayed or poorly handled exit could disrupt MBS markets and raise mortgage rates.