Freddie Mac posts $3.8 billion profit in Q2 2026, credit reserve release boosts earnings

Freddie Mac announced a net income of $3.8 billion for the second quarter of 2026, a 61 % increase over the same period a year earlier. The surge was driven primarily by a release of credit reserves, while net revenues rose 1 % to $6 billion. The company’s net worth reached $78 billion, up 5.4 % from the first quarter and 20 % year‑over‑year. Its mortgage portfolio grew to $3.7 trillion, a 2.7 % rise from Q2 2025, and the firm helped nearly 439,000 households buy, refinance or rent a home, including 97,000 first‑time buyers. About 91 % of the rental units and 54 % of the single‑family homes supported were affordable to families earning 120 % of area median income.

In 2018, the agency lenders Fannie Mae and Freddie Mac together originated a combined $143 billion in multifamily loans, with Freddie Mac contributing roughly $78 billion and Fannie Mae about $65 billion. The largest apartment lenders for that period included CBRE Multifamily Capital, Berkadia Commercial Mortgage, Walker & Dunlop, Wells Fargo, and KeyBank.