Freddie Mac reported a net income of $12.1 billion for 2021, a 65% increase from 2020.

The government-sponsored enterprise saw a 20% growth in its single-family mortgage portfolio from 2020 to 2021, driven by soaring home prices and an increase in the average size of loans it acquired. Freddie Mac’s net worth is now $28 billion, more than three times what it was pre-pandemic.

It reported $2.7 billion in net income in the fourth quarter, a 6% decrease year-over-year, which the GSE attributed to an increase in credit-related expenses.

Overall, Freddie Mac purchased $1.22 trillion in single-family loans details ⇒

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