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) — Q3 2021 Earnings Presentation
15 slides from Freddie Mac's earnings presentation, Oct 29, 2021
Slide 1: Third Quarter 2021 Financial Results Supplement
© Freddie Mac Third Quarter 2021 Financial Results Supplement October 29, 2021 Exhibit 99.2
Slide 2: Financial Highlights
© Freddie Mac 2 Financial Highlights $5.1 $5.0 $5.3 $5.9 $5.2 $2.5 $2.9 $2.8 $3.7 $2.9 $2.4 $2.5 $2.4 $3.6 $2.9 Net revenues Net income Comprehensive income 3Q20 4Q20 1Q21 2Q21 3Q21 Net revenues, net income, and comprehensive income $ Billions ▪ Net income and comprehensive income of $2.9 billion fo
Slide 3: Total Portfolio Balances
© Freddie Mac 3 $345 $345 $339 $284 $255 $198 $182 $174 $113 $114 $147 $163 $165 $171 $141 Mortgage-related investments portfolio Other investments portfolio 09/30/20 12/31/20 03/31/21 06/30/21 09/30/21 $2,545 $2,714 $2,852 $2,962 $3,086 $2,179 $2,326 $2,458 $2,564 $2,682 $366 $388 $394 $398 $404 Si
Slide 4: Percentage of Loans in Forbearance
© Freddie Mac 4 Multifamily7Single-Family6 Percentage of Loans in Forbearance 0.06% 0.40% 0.46% Forbearance Period Repayment Period Total 0.15% 0.08% 0.06% 0.17% 0.69% 1.15% Current One Month Two Months Three Months to Six Months Greater Than Six Months Total Percentage of loans in the single-family
Slide 5: Conservatorship Matters
© Freddie Mac 5 $25.3 $95.0 $140.2 Net worth Senior preferred stock liquidation preference Remaining Treasury funding commitment As of September 30, 2021 Conservatorship Matters Pursuant to the January 2021 Letter Agreement, Freddie Mac will not be required to pay a dividend to Treasury until it has
Slide 6: Key Economic Indicators
© Freddie Mac 6 1,342,000 213,000 518,000 615,000 550,000 7.8% 6.7% 6.0% 5.9% 4.8% Average monthly net new jobs (non-farm) National unemployment rate (as of the last month in each quarter) 3Q20 4Q20 1Q21 2Q21 3Q21 National home prices increased by an average of 18.6% over the past year Quarterly end
Slide 7: Single-Family Financial Highlights and Key Metrics
© Freddie Mac 7 1.08% 1.01% 0.73% 0.73% 0.76% 0.50% 0.38% 0.27% 0.21% 0.20% 3.04% 2.64% 2.34% 1.86% 1.46% One month past due Two months past due Seriously delinquent 3Q20 4Q20 1Q21 2Q21 3Q21 $2,179 $2,326 $2,458 $2,564 $2,682 3Q20 4Q20 1Q21 2Q21 3Q21 $337 $383 $362 $288 $299 $101 $109 $89 $98 $132 $
Slide 8: Single-Family Loan Purchase Credit Characteristics
© Freddie Mac 8 71% 70% 69% 71% 72% 3Q20 4Q20 1Q21 2Q21 3Q21 30% 28% 25% 34% 44% 16% 18% 20% 23% 26% 54% 54% 55% 43% 30% Home purchase Cash-out refinance Other refinance 3Q20 4Q20 1Q21 2Q21 3Q21 761 761 759 754 750 3Q20 4Q20 1Q21 2Q21 3Q21 10% 10% 10% 11% 12% 3Q20 4Q20 1Q21 2Q21 3Q21 New business ac
Slide 9: Single-Family Credit Risk Transfer
© Freddie Mac 9 UPB covered by new CRT issuance $ Billions $168 $167 $245 $174 $167 3Q20 4Q20 1Q21 2Q21 3Q21 Mortgage portfolio with credit enhancement UPB in $ Billions $1,108 $1,152 $1,230 $1,255 $1,345 51% 50% 50% 49% 50% UPB Percentage 09/30/20 12/31/20 03/31/21 06/30/21 09/30/21 Single-Family C
Slide 10: Multifamily Financial Highlights and Key Metrics
© Freddie Mac 10 Acquisitions of units by area median income (AMI) (% of eligible units acquired) 39% 33% 43% 43% 36% 31% 38% 34% 34% 32% 26% 25% 20% 20% 26% 4% 4% 3% 3% 6% ≤60% >60% to ≤80% >80% to ≤120% >120% 3Q20 4Q20 1Q21 2Q21 3Q21 66% 70% 69% 68% 67% 3Q20 4Q20 1Q21 2Q21 3Q21 1.42 1.38 1.38 1.38
Slide 11: Multifamily Key Metrics, continued
© Freddie Mac 11 Guarantee activities $ Billions $21 $26 $21 $18 $15 3Q20 4Q20 1Q21 2Q21 3Q21 $18 $35 $14 $13 $18 3Q20 4Q20 1Q21 2Q21 3Q21 Multifamily Key Metrics, continued New business activity $ Billions New business activity includes LIHTC new business activity.
Slide 12: Multifamily Mortgage Portfolio Metrics
© Freddie Mac 12 0.13% 0.12% 0.28% 1.76% 1.30% 0.08% Freddie Mac (60+ day) FDIC insured institutions (90+ day) MF CMBS market (60+ day) ACLI investment bulletin (60+ day) 3Q20 4Q20 1Q21 2Q21 3Q21 $366 $388 $394 $398 $404 3Q20 4Q20 1Q21 2Q21 3Q21 Multifamily market and Freddie Mac delinquency rates7
Slide 13: Housing Market Support
© Freddie Mac 13 94 52 38 27 21 94 74 50 55 45 6 7 6 6 7 Forbearance agreements Payment deferrals Other 3Q20 4Q20 1Q21 2Q21 3Q21 Number of families Freddie Mac helped to own or rent a home10 In Thousands Housing Market Support 1,338 1,598 1,365 1,160 1,188 813 936 940 708 612 340 356 291 315 415 185
Slide 14: Endnotes
© Freddie Mac 14 Endnotes 1 Based on unpaid principal balances (UPB) of securitized mortgage loans, unsecuritized mortgage loans, and other, which primarily consists of mortgage-related guarantees. 2 The company’s Purchase Agreement with Treasury limits the amount of mortgage assets the company can
Slide 15: Safe Harbor Statements
© Freddie Mac 15 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