Freddie Mac reported a strong performance in 2024, acquiring over 1 million loans and issuing $411 billion in mortgage-backed securities. These efforts supported the housing market and helped nearly 1.6 million families buy, refinance, or rent homes, with over half of financed purchases going to first-time homebuyers. The company's net revenues reached $23.9 billion, driven by portfolio growth and lower funding costs. Freddie's mortgage portfolio grew to $3.6 trillion and saw year-over-year increases in both single-family and multifamily sectors, showcasing its impactful presence in home financing.
We packaged those loans into mortgage-backed securities that attracted investors from around the world to support U.S. housing, enabling Freddie Mac to help nearly 1.6 million families.
Freddie's total mortgage portfolio grew 3% year over year to $3.6 trillion, driven by a 2% increase in its single-family mortgage portfolio.
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