Freddie Mac · OTC:FMCC

Freddie Mac — Federal Home Loan Mortgage Corp (Fmcc, Fmccg, Fmcci, Fmccj, Fmccl, Fmccn, Fmcco, Fmccs, Fmcct, Fmcki, Fmckl, Fmckn, Frejn, Frejo) — Q4 2017 Earnings Presentation

13 slides from Freddie Mac's earnings presentation, Feb 15, 2018

  1. Slide 1: Fourth Quarter 2017 Financial Results Supplement

    Exhibit 99.2 Fourth Quarter 2017 Financial Results Supplement February 15, 2018

  2. Slide 2: Corporate Highlights

    2© Freddie Mac Adjusted net interest income Adjusted guarantee fee income 1Q17 2Q17 3Q17 4Q17 2016 2017 $1.2 $1.2 $1.1 $1.1 $4.8 $4.6 $1.6 $1.7 $1.8 $1.8 $6.6 $6.8 Corporate Highlights Key highlightsFinancial highlights $ Billions Note: Totals may not add due to rounding. ▪ 4Q17 comprehensive loss o

  3. Slide 3: Corporate Highlights, continued

    3© Freddie Mac Draw Requests from Treasury Dividend Payments to Treasury 2008 - 2014 2015 2016 2017 Cumulative Total $71.3 $71.3 $91.0 $5.5 $5.0 $10.9 $112.4 Corporate Highlights, continued Treasury draw requests and dividend payments $ Billions DFAST3 - Additional draws needed under severely advers

  4. Slide 4: Key Economic Indicators

    4© Freddie Mac United States (Not Seasonally Adjusted) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 168 179 Average monthly net new jobs (non-farm) National unemployment rate (as of the last month in each quarter) 4Q16 1Q17 2Q17 3Q17 4Q17 164,000 177,000 190,000 142,000 216,000 4

  5. Slide 5: Total Portfolio Balances

    5© Freddie Mac Mortgage-related investments portfolio Other investments and cash portfolio 12/31/2016 3/31/2017 6/30/2017 9/30/2017 12/31/2017 $298 $291 $284 $267 $253 $96 $394 $92 $383 $82 $366 $82 $349 $89 $342 Single-family credit guarantee portfolio Multifamily guarantee portfolio 12/31/2016 3/3

  6. Slide 6: Single-family Financial Highlights and Key Metrics

    6© Freddie Mac Purchase UPB Refinance UPB 4Q16 1Q17 2Q17 3Q17 4Q17 $46 $39 $45 $57 $57 $71 $117 $47 $86 $28 $73 $30 $87 $41 $98 43 44 44 42 36 Core single-family portfolio (loans originated post-2008) Legacy and relief refinance single-family portfolio 4Q16 1Q17 2Q17 3Q17 4Q17 $1,275 $1,317 $1,343 $

  7. Slide 7: Single-family Credit Risk Transfer – STACR / ACIS

    7© Freddie Mac Reference pool UPB at issuance Reference pool UPB outstanding 2013 2014 2015 2016 2017 $58 $205 $385 $595 $854 $57 $193 $329 $454 $636 3% 12% 19% 26% 35% Single-family Credit Risk Transfer – STACR / ACIS Total Single-family credit guarantee portfolio with transferred credit risk $ Bil

  8. Slide 8: Multifamily Financial Highlights and Key Metrics

    8© Freddie Mac ≤100% AMI >100% AMI 2013 2014 2015 2016 2017 89% 90% 88% 86% 83% 11% 10% 12% 14% 17% Guarantee Portfolio Mortgage-related Securities Unsecuritized Loans 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 $75 $91 $120 $158 $203$33 $25 $19 $13 $7 $59 $167 $53 $169 $49 $188 $42 $213 $39 $249 M

  9. Slide 9: Multifamily Key Metrics, continued

    9© Freddie Mac K Certificate UPB SB Certificate UPB 2009-2013 2014 2015 2016 2017 $71.5 $21.3 $35.6 $47.3 $56.7 $1.8 $37.4 $3.9 $51.2 $5.5 $62.2 Purchase Volume Subject to Cap Purchase Volume not Subject to Cap 2013 2014 2015 2016 2017 $25.9 $25.9 $30.0 $36.5 $33.7 $2.4 $28.3 $17.3 $47.3 $20.3 $56.8

  10. Slide 10: Capital Markets Financial Highlights and Key Metrics

    10© Freddie Mac Mortgage Investments Portfolio Other Investments and Cash Portfolio 4Q16 1Q17 2Q17 3Q17 4Q17 $230 $225 $222 $207 $196 $96 $326 $92 $317 $82 $304 $82 $289 $89 $285 Liquid Securitization Pipeline Less Liquid 4Q16 1Q17 2Q17 3Q17 4Q17 $138 $141 $137 $129 $130 $13 $8 $12 $13 $10 $79 $230

  11. Slide 11: Housing Market Support

    11© Freddie Mac Loan modifications¹² Repayment plans¹² Forbearance agreements¹² Short sales and deed-in-lieu of foreclosure transactions¹² 2013 2014 2015 2016 2017 83 67 54 43 45 29 25 21 12 10 12 9 6 5 15 44 168 19 120 13 94 9 69 5 75 Multifamily rental units Purchase borrowers Refinance borrowers

  12. Slide 12: Endnotes

    12© Freddie Mac Endnotes 1 For additional information regarding Freddie Mac’s non-GAAP financial measures and reconciliations to the comparable amounts under GAAP, see the company’s Press Release for the quarter ended December 31, 2017. 2 Excludes the initial $1 billion liquidation preference of sen

  13. Slide 13: Safe Harbor Statements

    13© Freddie Mac Safe Harbor Statements Freddie Mac obligations Freddie Mac’s securities are obligations of Freddie Mac only. The securities, including any interest or return of discount on the securities, are not guaranteed by and are not debts or obligations of the United States or any federal agen

Federal Home Loan Mortgage Corp (Fmcc, Fmccg, Fmcci, Fmccj, Fmccl, Fmccn, Fmcco, Fmccs, Fmcct, Fmcki, Fmckl, Fmckn, Frejn, Frejo) — Q4 2017 Earnings Presentation on 6ix