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Freddie Mac Freddie Mac Reports Net Income of $ 3.7 Billion and Comprehensive Income of $ 3.6 Billion for Second 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 moratoriums on foreclosures and evictions through July 31 , 2021 . Second Quarter 2021 Financial Results Market Liquidity Provided - $ 306 Billion Homes and Rental Units Financed - 1.2 Million Net Worth - $ 22.4 Billion Total Mortgage Portfolio - $ 3.0 Trillion Exhibit 99.1 Consolidated Net Revenues $ 5.9 Billion Net Income $ 3.7 Billion Comprehensive Income $ 3.6 Billion Single - Family Net Revenues $ 4.7 Billion Net Income $ 2.9 Billion Comprehensive Income $ 2.8 Billion . . Net income increased $ 1.9 billion year - over - year , driven by higher net revenues and a credit reserve release Net revenues increased $ 1.7 billion year - over - year , driven by mortgage portfolio growth , higher average guarantee fee rates , and higher deferred fee income recognition Benefit for credit losses of $ 0.7 billion , driven by a credit reserve release due to realized house price appreciation and improving economic conditions New business activity of $ 288 billion , up 24 % year - over - year , reflecting strong home purchase and refinance activity Mortgage portfolio of $ 2,564 billion , up 24 % year - over - year , driven by strong new business activity Serious delinquency rate of 1.86 % , down from 2.34 % at March 31 , 2021 and 2.48 % at June 30 , 2020 , driven by a decline in loans in forbearance Completed approximately 88,000 loan workouts 49 % of mortgage portfolio covered by credit enhancements New business activity of $ 13 billion , down 35 % year - over - year , driven by increased competition and a reduced loan purchase cap . Year - to - date activity of $ 27 billion , down 10 % year - over - year Mortgage portfolio of $ 398 billion , up 12 % year - over - year , driven by ongoing loan purchase and securitization activity Delinquency rate , which does not include loans in forbearance , of 0.15 % , down from 0.17 % at March 31 , 2021 , and up from 0.10 % at June 30 , 2020 94 % of mortgage portfolio covered by credit enhancements " In the second quarter , we provided critical support for the housing market , delivered a strong financial performance , and continued to manage our risks well . I'm very proud that during the quarter , we continued to advance our mission by providing liquidity , stability , and affordability to the market and by helping families keep their homes during the pandemic . " Michael J. DeVito Chief Executive Officer Multifamily Net Revenues $ 1.2 Billion Net Income $ 0.8 Billion Comprehensive Income $ 0.8 Billion