Slide 1: First Quarter 2026 Earnings Presentation
First Quarter 2026 Earnings Presentation April 30, 2026
Slide 2: 1Q 2026 Key Highlights
1Q 2026 Key Highlights Financial Performance Net Revenues Net Income Net Worth $6.1B $3.6B $74B Up 5% from $5.9B in 1Q25 Up 27% from $2.8B in 1Q25 Up from $70B as of 4Q25 Mission Performance 1Q26 $116B Liquidity provided to the mortgage market 380K Households helped to buy, refinance, or rent a home
Slide 3: 1Q 2026 Financial Summary
1Q 2026 Financial Summary Key Metrics $ Millions 1Q26 4Q25 Var ($) Var (%) 1Q25 Var ($) Var (%) $5.6B Net revenues $6,133 $5,764 $369 6% $5,852 $281 5% ($5.1B in 1Q25) Net Interest Income (Provision) benefit for 320 (52) 372 NM (280) 600 NM credit losses 0.65% (0.60% in 1Q25) Non-interest expense (2
Slide 4: Single-Family Highlights
Single-Family Highlights New Business Activity (UPB in $B) $ Millions 1Q26 4Q25 Var ($) Var (%) 1Q25 Var ($) Var (%) 54 54 54 54 54 Net revenues $5,175 $4,902 $273 6% $4,918 $257 5% (Provision) benefit for $118 311 210 101 48 (228) 539 NM $94 $99 $103 credit losses $78 $41 $18 $18 $43 $16 Non-intere
Slide 5: Credit Characteristics of Single-Family New Business Activity
Credit Characteristics of Single-Family New Business Activity Weighted Average Original LTV Ratio 77% 77% 77% 76% 75% 1Q25 2Q25 3Q25 4Q25 1Q26 Weighted Average Original Credit Score Weighted Average Original DTI Ratio 756 759 756 758 758 39% 38% 38% 37% 37% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q
Slide 6: Multifamily Highlights
Multifamily Highlights New Business Activity (UPB in $B) $ Millions 1Q26 4Q25 Var ($) Var (%) 1Q25 Var ($) Var (%) Net revenues $958 $862 $96 11 % $934 $24 3% $29 (Provision) benefit for 9 (262) 271 NM (52) 61 NM $25 credit losses Non-interest expense (242) (253) 11 4 (217) (25) (12) $12 $13 $10 Inc
Slide 7: Net Worth and Regulatory Capital
Net Worth and Regulatory Capital Growth in Net Worth ($B) Progress Towards Regulatory Capital $117 Requirements ($B) $114 $107 4Q22 1Q26 $96 $90 $122B $161B $44 $32 $60 $117B $70 $74 $90B $50 Total CET1 $60 Total CET1 $48 Capital Capital $37 Requirement Requirement $57 $40 December 31, December 31,
Slide 8: Forward-Looking Statements and Additional Information
Forward-Looking Statements and Additional Information Forward-looking statements Freddie Mac's presentations may contain forward-looking statements pertaining to our conservatorship, our current expectations and objectives for its Single-Family and Multifamily segments, our efforts to assist the hou
Slide 9: Freddie Mac
FreddieMac