Federal Home Loan Mortgage Corporation

FMCC

US3134003017

Corporate Financial Services

Market Closed - OTC Markets Other stock markets 03:59:08 2024-04-26 pm EDT			5-day change	1st Jan Change
1.38 ^USD	+1.47%		+10.40%	+62.35%

Apr. 18	US existing home sales drop in March; median price increases	RE
Mar. 15	Freddie Mac appoints Michael Hutchins as interim CEO	RE

Federal Home Loan Mortgage Corporation Reports Earnings Results for the Full Year Ended December 31, 2023

February 14, 2024 at 07:54 am EST

Federal Home Loan Mortgage Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net income was USD 10,538 million compared to USD 9,327 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.11 a year ago.

Latest news about Federal Home Loan Mortgage Corporation

US existing home sales drop in March; median price increases	Apr. 18	RE
Freddie Mac appoints Michael Hutchins as interim CEO	Mar. 15	RE
Freddie Mac Announces Appointment of Michael T. Hutchins as Member of Board of Director	Mar. 15	CI
Freddie Mac Announces Appointment of Michael T. Hutchins as Interim CEO, Effective March 16, 2024	Mar. 15	CI
Freddie Mac Prices Approximately $618 Million Securitization of Re-Performing Loans	Mar. 05	CI
US Treasury to ease rules on COVID aid to boost affordable housing supply	Mar. 05	RE
US pending home sales fall in January as high mortgage rates deter buyers	Feb. 29	RE
US existing home sales rise to five-month high in January	Feb. 22	RE
Transcript : Federal Home Loan Mortgage Corporation, Q4 2023 Earnings Call, Feb 14, 2024	Feb. 14
Federal Home Loan Mortgage Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 14	CI
Federal Home Loan Mortgage Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 14	CI
Gateless Integrates with Freddie Mac to Offer First of Its Kind Income Verification Solution	Feb. 07	CI
US Mortgage Rates Reach Eight-Month Low, Freddie Mac Says	Jan. 18	MT
Federal Home Loan Mortgage Corporation Appoints Roy Swan to its Board of Directors, Effective February 19, 2024	Jan. 17	CI
Federal Home Loan Mortgage Corporation Announces Alberto Musalem Notifies to Resign from its Board of Directors, Effective February 19, 2024	Jan. 04	CI
Mortgage rates slide to lowest since May - Freddie Mac	Dec. 28	RE
US mortgage rates fall to nearly 4-month low - Freddie Mac	Dec. 07	RE
Freddie Mac Announces Action to Make Down Payment Assistance Programs More Accessible for Individuals and Families Across the Nation	Dec. 04	CI
Transcript : Federal Home Loan Mortgage Corporation, Q3 2023 Earnings Call, Nov 01, 2023	Nov. 01
Federal Home Loan Mortgage Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 01	CI
GitSit Solutions, LLC and VRMTG ACQ, LLC acquired 88 non-performing residential first lien loans from Federal Home Loan Mortgage Corporation.	23-10-23	CI
An Unknown Buyer agreed to acquire 3564 Non-Performing Residential First Lien Loans of Freddie Mac from Federal Home Loan Mortgage Corporation.	23-09-25	CI
US housing starts tumble in August; building permits jump	23-09-19	RE
Freddie Mac Announces Retirement of Michael J. Devito as CEO	23-09-08	CI
Freddie Mac Announces Resignation of Michael J. Devito as Member of the Company?S Board of Directors	23-09-08	CI

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Company Profile

Federal Home Loan Mortgage Corporation is a government-sponsored enterprise. The Company is engaged in purchasing single-family and multifamily residential mortgage loans originated by lenders. The Companyâs Single-Family segment provides liquidity and support to the single-family mortgage market through a variety of activities that include the purchase, securitization, and guarantee of single-family loans originated by lenders. Its Single-Family business consists of activities related to providing market liquidity by purchasing and securitizing mortgage loans and issuing guaranteed mortgage-related securities, transferring credit risk, performing loss mitigation activities, and investing in mortgage-related and other investments. Its Multifamily segment includes purchase, securitization, and guarantee of multifamily loans, its investments in multifamily loans and mortgage-related securities, and the management of Multifamily mortgage credit risk and market risk.

Sector

Corporate Financial Services

Calendar

2024-04-30 - Q1 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.38 USD

Average target price

2.5 USD

Spread / Average Target

+81.16%

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