McLean, VA — Freddie Mac today reported net income $2.4 Billion for 2nd qtr of 2025,
down 14% from the second quarter of 2024, primarily driven by an increase in the
provision for credit losses.
Net revenues were $5.9 billion for the second quarter of 2025, down 1% year-over-year,
primarily driven by lower non-interest income, partially offset by higher net interest income.
Net interest income for the second quarter of 2025 was $5.3 billion, up 8% year-over-year,
primarily driven by continued mortgage portfolio growth and lower funding costs, partially
offset by lower yields on short-term investments.
Non-interest income for the second quarter of 2025 was $0.6 billion, down 42% year-over-year,
primarily driven by Multifamily.
Provision for credit losses was $0.8 billion for the second quarter of 2025, primarily driven
by a credit reserve build in Single-Family attributable to lower estimated market values
of single-family properties based on the company's internal house price index and lower
forecasted house price growth rates.
The provision for credit losses of $0.4 billion for the second quarter of 2024 was primarily
driven by a credit reserve build in Single-Family attributable to new acquisitions.
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