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 2021 Earnings Presentation
14 slides from Freddie Mac's earnings presentation, Feb 10, 2022
Slide 1: Fourth Quarter 2021 Financial Results Supplement
© Freddie Mac Fourth Quarter 2021 Financial Results Supplement February 10, 2022 Exhibit 99.2
Slide 2: Financial Highlights
© Freddie Mac 2 Financial Highlights $5.0 $5.3 $5.9 $5.2 $5.6 $2.9 $2.8 $3.7 $2.9 $2.7$2.5 $2.4 $3.6 $2.9 $2.7 Net revenues Net income Comprehensive income 4Q20 1Q21 2Q21 3Q21 4Q21 Net revenues, net income, and comprehensive income $ Billions ▪ Net income of $2.7 billion for the fourth quarter of 20
Slide 3: Total Portfolio Balances
© Freddie Mac 3 $2,714 $2,852 $2,962 $3,086 $3,207 $2,326 $2,458 $2,564 $2,682 $2,792 $388 $394 $398 $404 $415 Single-Family mortgage portfolio Multifamily mortgage portfolio 12/31/20 03/31/21 06/30/21 09/30/21 12/31/21 Total Portfolio Balances Mortgage portfolio1 UPB in $ Billions 18% YoY increase
Slide 4: Conservatorship Matters
© Freddie Mac 4 $28.0 $98.0 $140.2 Net worth Senior preferred stock liquidation preference Remaining Treasury funding commitment As of December 31, 2021 Conservatorship Matters Pursuant to the Purchase Agreement, Freddie Mac will not be required to pay a dividend to Treasury until it has built suffi
Slide 5: Key Economic Indicators
© Freddie Mac 5 213,000 518,000 615,000 651,000 365,000 6.7% 6.0% 5.9% 4.7% 3.9% Average monthly net new jobs (non-farm) National unemployment rate (as of the last month in each quarter) 4Q20 1Q21 2Q21 3Q21 4Q21 National home prices increased by an average of 16.8% over the past year Quarterly endin
Slide 6: Single-Family Financial Highlights and Key Metrics
© Freddie Mac 6 $2,326 $2,458 $2,564 $2,682 $2,792 4Q20 1Q21 2Q21 3Q21 4Q21 1.01% 0.73% 0.73% 0.76% 0.81% 0.38% 0.27% 0.21% 0.20% 0.20% 2.64% 2.34% 1.86% 1.46% 1.12% One month past due Two months past due Seriously delinquent 4Q20 1Q21 2Q21 3Q21 4Q21 $383 $362 $288 $299 $271 $109 $89 $98 $132 $111 $
Slide 7: Single-Family Loan Purchase Credit Characteristics
© Freddie Mac 7 70% 69% 71% 72% 71% 4Q20 1Q21 2Q21 3Q21 4Q21 28% 25% 34% 44% 41% 18% 20% 23% 26% 31% 54% 55% 43% 30% 28% Home purchase Cash-out refinance Other refinance 4Q20 1Q21 2Q21 3Q21 4Q21 761 759 754 750 748 4Q20 1Q21 2Q21 3Q21 4Q21 10% 10% 11% 12% 13% 4Q20 1Q21 2Q21 3Q21 4Q21 New business ac
Slide 8: Single-Family Credit Risk Transfer
© Freddie Mac 8 UPB covered by new CRT issuance $ Billions $167 $245 $174 $167 $242 4Q20 1Q21 2Q21 3Q21 4Q21 Mortgage portfolio with credit enhancement UPB in $ Billions $1,152 $1,230 $1,255 $1,345 $1,491 50% 50% 49% 50% 53% UPB Percentage 12/31/20 03/31/21 06/30/21 09/30/21 12/31/21 Single-Family C
Slide 9: Multifamily Financial Highlights and Key Metrics
© Freddie Mac 9 $35 $14 $13 $18 $25 4Q20 1Q21 2Q21 3Q21 4Q21 0.16% 0.08% 0.27% 0.30% 1.95% 1.41% 0.10% 0.00% Freddie Mac (60+ day) FDIC insured institutions (90+ day) MF CMBS market (60+ day) ACLI investment bulletin (60+ day) 4Q20 1Q21 2Q21 3Q21 4Q21 Multifamily market and Freddie Mac delinquency r
Slide 10: Multifamily New Business Characteristics
© Freddie Mac 10 Acquisitions of units by area median income (AMI) (% of eligible units acquired) 33% 43% 43% 36% 25% 38% 34% 34% 32% 32% 25% 20% 20% 26% 34% 4% 3% 3% 6% 9% ≤60% >60% to ≤80% >80% to ≤120% >120% 4Q20 1Q21 2Q21 3Q21 4Q21 1.38 1.38 1.38 1.35 1.33 70% 69% 68% 67% 67% Weighted average OD
Slide 11: Multifamily Credit Risk Transfer
© Freddie Mac 11 $346 $362 $373 $380 $389 89% 92% 94% 94% 94% UPB Percentage 12/31/20 03/31/21 06/30/21 09/30/21 12/31/21 Mortgage portfolio with credit enhancement UPB in $ Billions $26 $26 $17 $18 $23 4Q20 1Q21 2Q21 3Q21 4Q21 Multifamily Credit Risk Transfer UPB covered by new CRT Issuance $ Billi
Slide 12: Housing Market Support
© Freddie Mac 12 52 38 27 21 16 74 50 55 45 39 7 6 6 7 7 Forbearance agreements Payment deferral plans Other 4Q20 1Q21 2Q21 3Q21 4Q21 Number of families Freddie Mac helped to own or rent a home6 In Thousands Housing Market Support 1,598 1,365 1,160 1,188 1,178 936 940 708 612 598 356 291 315 415 357
Slide 13: Endnotes
© Freddie Mac 13 Endnotes 1 Based on unpaid principal balances (UPB) of securitized mortgage loans, unsecuritized mortgage loans, and other, which primarily consists of other mortgage-related guarantees. 2 Includes the initial $1 billion liquidation preference of the senior preferred stock issued to
Slide 14: Safe Harbor Statements
© Freddie Mac 14 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 age