Today Freddie Mac reported net income of $1.7 billion and comprehensive income of $2.0 billion. Our continued very solid financial results and strong business fundamentals reflect our transformation into a well-run commercial enterprise. This transformation is enabling us to better deliver on the mission that is our purpose – to provide liquidity, stability and affordability to the American primary mortgage market.
We're doing that by helping lenders of all sizes compete which, in turn, expands affordable housing opportunities for borrowers and renters nationwide. Additionally, through our award-winning credit risk transfer programs, we’re fulfilling our mission with much less risk to taxpayers than in the past.
We at Freddie Mac are proud of the work we're doing and proud of the success we're having in making home possible for millions of Americans and in building a better housing finance system.
For more details about our results and our transformation, please listen to a recording of our conference call with the media or read the additional resources below.
Have a comment or question about this post? Email us to let us know what's on your mind.