Freddie Mac posts $12.1B income in 2021
The net worth of Freddie Mac is now $28 billion, more than three times what it was pre-pandemic. The GSE posted $12.1B in income in 2021.
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The net worth of Freddie Mac is now $28 billion, more than three times what it was pre-pandemic. The GSE posted $12.1B in income in 2021.
However, leadership noted that 2021 was the second record year for new single-family mortgages and also discussed how the government sponsored-enterprise plans to further rebuild its capital.
The government-sponsored enterprise has 45 days to submit a plan on how it intends to meet the increased target for 2022 through 2024.
The combined refinance and purchase total was nearly double the average quarterly volume logged before the pandemic, the company said in its third-quarter earnings call.
The combined refinance and purchase total was nearly double the average quarterly volume logged before the pandemic, the company said in its third-quarter earnings call.