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MacLean, VA — Freddie Mac (OTCQB: FMCC) today reported net income of $3.2 billion for the fourth quarter of 2024, an increase of 11% year-over-year, primarily driven by higher net revenues, partially offset by a provision for credit losses in the current period compared to a benefit for credit losses in the prior period.
Net revenues were $6.3 billion for the fourth quarter of 2024, up 18% year-over-year, primarily driven by higher net interest income and higher non-interest income. Net interest income for the fourth quarter of 2024 was $5.1 billion, up 6% year-over-year, primarily driven by continued mortgage portfolio growth and lower funding costs due to increasing net worth. Non-interest income for the fourth quarter of 2024 was $1.3 billion, compared to $0.6 billion for the fourth quarter of 2023, primarily driven by an increase in net investment gains.
Provision for credit losses was $0.1 billion for the fourth quarter of 2024 compared to a benefit for credit losses of $0.5 billion for the fourth quarter of 2023.
Full-Year 2024 Financial Results
Freddie Mac reported net income of $11.9 billion for full-year 2024, an increase of 13% year-over-year, primarily driven by higher net revenues, partially offset by a credit reserve build in Single-Family in the current period compared to a credit reserve release in Single-Family in the prior period.
Net revenues were $23.9 billion for full-year 2024, up 13% year-over-year, driven by higher net interest income and higher non-interest income. Net interest income for full-year 2024 was $19.7 billion, up 6% year-over-year, primarily driven by continued mortgage portfolio growth and lower funding costs due to increasing net worth. Non-interest income was $4.2 billion for full-year 2024, up 55% year-over-year, primarily driven by an increase in net investment gains.
Provision for credit losses was $0.5 billion for full-year 2024, primarily driven by a credit reserve build in Single-Family attributable to new acquisitions. The benefit for credit losses of $0.9 billion for full-year 2023 was primarily driven by a credit reserve release in Single-Family due to improvements in house prices.
Bullish
Bullish
Thursday, February 13, 2025 8:05:13 AM
Post#817451 of 817451
Boooom ! Freddie Mac Fourth Quarter and Full-Year 2024 Financial Results
navycmdr Re: None
February 13, 2025
The FMCC fins look pretty good. Better an increase in earnings than a decrease. FMCC
Wrong- you didn't just post his comments...you posted your DF opinion without any DD.
Anyways, I'm done reading your BS.
FNMA
Powell has nothing to do with the GSEs.
Fnma
Buddy, you’ve just shown up posting GSE gibberish and still continue.
Didn’t you say you wanted to learn GSE related info.
Here's the most important one:
Stfu
Fnma
I’m pretty sure there’s a typo, it’s not French Hill but Stench Fill. That idiot just like Blame Lamebird are past their expiry dates.
They have the Joe Turnip syndrome, its contagious, Clark has it too.
Fnma
Slow posting day.
Fnma
You keep on encouraging using bribes in order to further your own short term gse cause. Did I miss anything….NO.
Who then should stfu…
Fnma
Stick your bs pump up your muffler.
Fnma
Sorry, any cheerleading after years of daily moaning from you serves absolutely 0.0000% purpose. "AGREED!"
BTW, how's your BFF kiteflier doing.
Did you line him up with any new job opportunities.
Funny, I don't see any of his posts and all of that 0.05 malarkey.
FNMA
Wish I had X-Men abilities, I’d send him a steaming pile of road apples.
What a waste of space.
Freddie
Ask your buddy, GB, he has an answer for everything…how’s his GSE pref loving nut job 0.05 coming along.
Fnma
Ask your buddy, GB, he has an answer for everything…how’s his GSE pref loving nut job 0.05 coming along.
Fnma
Can you provide any proof that she quit? (I can't find any)
If you can't, assume that she is still part of FHFA .
Fred
Funny how you are the only one on this GSE board that no one responds to.
Look deep in the mirror, you are unnnnwanted…
Fnma
Getting all my fiery GSE posts in before the weekend system update.
Ah yes, keep on riding the donkeys, gse pref loving ky 0.05 morons.
Fnma
You were posting not so long ago 0.50,….
Good thing no one using a septic tank listened to that…
Fnma
At least Trunk has provided some financial stats in the past.
What have you provided to argue besides an actual self portrait emoji in your response. If the clown shoe fits…lol
Fnma
Hey running shoe, why don't you hook up with AMnesia and have a whining and dining party. Your daily lamentations are 100% unneeded here.
There must be some memorable useless tiktok moments for you two to share and enjoy.
What a tool.
FNMA
Con Carne is nothing but a bad case of the runs. I file his biased salmonella like opinions next to the other Gasbag, KYpref loving exxagerations.
That fool isn't getting me to sell, konoyaro.
FNMA
Munchkin was all show and no substance.
Great snakeoil salesman.
Djt has been in office for a week, Bessent confirmed yesterday, and your whining about he didn’t talk about GSE blablabla.
How much did sleepy Joe talk about anything relevent in 4 years.
Wait for the cata Pult to get confirmed before
Whining…
Fnma
The Bills interception that got ruled as a Chiefs reception...they were both on the ground. Didn't understand that one, fwiw,
Been a Mahomes fan since he got drafted, lol
I cheered for the Bills in the 90s. Lost four SB in a row. Gave up after that.lol
FNMA
Hope your football bets didn't cost you alot,lol.
There was a weird play that could have swayed your Bills bet though...I didn't understand that reffing call.
Let's kick some FNMA pps today. Insider buys from Friday and Bessent today. FNMA
Looks like FNF are your safer bets.
Fnma
Start off by stating that it’s not his company, it’s held by shareholders with over 1.15B shares. There’s a big azz difference. It’s not a private owned company….
He’s the COO, he’s allowed to buy…as long as he discloses and there must be other internal mechanisms for the purchases not to due to insider trading. There could be other conservatorship rules as well.
I don’t recall ST purchasing any, though her position was different, but only gouging herself on free rubber chicken luncheon meat.
Fnma
I just got it, lol
Liz Pocahontas, what a waste of space.
Metric system uses a space. Countries like Japan, UK, Canada…
Eg: there are 133 456 789 people in Japan.
US system uses a comma.: there are 330,456,123 people in the US.
There are anomalies: Pi (not a typo for the math challenged) always has a period. When there are numbers like 22.4% always a period in both systems.
Fwiw, I am perplexed since it is in the US and would suggest part shares. That would be a first for me, but then bitcoin etc trades in parts….
Sorry, for all of the daily moaning you’ve shared on the GSE board, I’d say you worked in a morally bankrupt financially challenged imaginary sandpit. Fnma
Btw, how did skaterboy’s job interview go with whatever clown you recommended him to?
You serve no purpose, you’ve been told that in that past , and continue to troll. Alongz etc need your balloon inflating skills.
Btw, the only thing you have served, the drive thru. Fnma
If it takes longer than what Trump expects, he will get the boot. Bessent knows he has to deliver for Trump, he didn’t leave his fund for laughs and giggles.
It doesn’t seem like you know how to play poker.
What idiot wanting to get confirmed as secretary of the treasury would show their cards and go against weasels like liz warren before being confirmed.
Bessent, like he mentioned, from South Carolina worked his way up, not by privilege, but by working hard and planning in advance.
He answered exactly the way not to cause panic with the demonrats and get himself confirmed.
Thinking that Trump didn’t know about his Soros past link is ridiculous.
Let’s wait and see.
2nd time around, Trump knows how the game is played and actors he needs to get the Con-job terminated.
Next you’re going to mention how Bessent blinked slowly and licked his lip…
Is your battery working properly in your hearing aid.
It was a question period, all his answers had to appear bi-partisan.
Unless this info of yours comes from an anonymous source, lol
Fnma
Too funny, everyone scandalized about Lauren showing her fake boobs, but not blinking an eye at cigar Bill. Monica….
Zuckie liked the cleavage, he went home and asked his wife if she could dress up like that.
You seem to be related to alongz with his made up couzin, care to share your alter ego- rusty bed springs? Fnma
Does the moron want to go back to the 1800s…fnma
A donkey has spots. Aloha. Lol
Fnma
Posting the article is one thing, but not commenting on the article's obvious BS is another.
Does that mean that you're going to start posting some tiktoks too...
"A dem insider" sounds as pertinent as some of the other paid GSE pref 0.05 trolls.
FNMA
Where can we find that GSE Warren question, did Pag peep in her purse? Lol
Fnma
Speaking of a dog face pile, fnma
The fnma pps is 7.04 - u need your teddy, mr.bean.
Fnma