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Freddie Mac We make home possible® Freddie Mac Reports Net Income of $ 2.8 Billion and Comprehensive Income of $ 2.4 Billion for First Quarter 2021 Providing Stability to the Housing Market While Serving Freddie Mac's Affordable Housing Mission . . Continued to provide mortgage - relief options for borrowers affected by the COVID - 19 pandemic , including forbearance programs for both single - family and multifamily borrowers . Extended moratorium on foreclosures and evictions until at least June 30 , 2021 . • Extended temporary measures designed to provide flexibility to homeowners , lenders , and appraisers to expedite loan closings during the pandemic . First Quarter 2021 Financial Results Market Liquidity Provided - $ 377 Billion Homes and Rental Units Financed - 1.4 Million Net Worth - $ 18.8 Billion Total Mortgage Portfolio - $ 2.9 Trillion Exhibit 99.1 Consolidated Net Revenues $ 5.3 Billion Net Income $ 2.8 Billion Comprehensive Income $ 2.4 Billion Single - Family Net Revenues $ 3.8 Billion Net Income $ 1.7 Billion Comprehensive Income $ 1.4 Billion . . . . .... Net income up $ 2.6 billion year - over - year , driven by mortgage portfolio growth , higher deferred fee income recognition , higher revenues from Multifamily loan purchase and securitization activities , and lower credit - related expense Benefit for credit losses of $ 0.2 billion , reflecting a credit reserve release driven by improving economic conditions New business activity of $ 362 billion , up 162 % year - over - year , reflecting strong home purchase and refinance activity Mortgage portfolio of $ 2,458 billion , up 22 % year - over - year , driven by strong new business activity " Freddie Mac continued to support homebuyers and renters , providing $ 377 billion of liquidity for home purchases , refinancings , and the multifamily market in the first quarter of 2021. We have also helped hundreds of thousands of families stay in their homes through our foreclosure and eviction prevention programs . We are proud of our role in maintaining a vibrant housing market while Serious delinquency rate of 2.34 % , up from 0.60 % at March 31 , 2020 , driven by loans in COVID - 19 forbearance , and down providing critical assistance to borrowers and from 2.64 % at December 31 , 2020 Completed nearly 94,000 loan workouts 51 % of mortgage portfolio covered by credit enhancements New business activity of $ 14 billion , up 40 % year - over - year , driven by the low interest rate environment Mortgage portfolio of $ 394 billion , up 15 % year - over - year , driven by strong loan purchase and securitization activity Delinquency rate , which does not include loans in forbearance , increased to 0.17 % , up from 0.08 % at March 31 , 2020 92 % of mortgage portfolio covered by credit enhancements lenders during the pandemic . " Christian M. Lown Chief Financial Officer Multifamily Net Revenues $ 1.4 Billion Net Income $ 1.0 Billion Comprehensive Income $ 1.0 Billion Totals may not add due to rounding .