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Freddie Mac Freddie Mac Reports Net Income of $ 2.9 Billion and Comprehensive Income of $ 2.9 Billion for Third Quarter 2021 Providing Stability to the Housing Market While Serving Freddie Mac's Affordable Housing Mission . Exhibit 99.1 Made it possible for 415,000 families to purchase a home , including 46 % first - time homebuyers , and for 612,000 homeowners to refinance into more favorable terms . Financed 161,000 rental units , with 94 % of eligible units being affordable to low- to moderate - income families , and issued $ 832 million of Multifamily Social and Sustainability Bonds to support low- and very - low income families . Third Quarter 2021 Financial Results Market Liquidity Provided - $ 318 Billion Totals may not add due Homes and Rental Units Financed - 1.2 Million Net Worth - $ 25.3 Billion Total Mortgage Portfolio - $ 3.1 Trillion Consolidated Net Revenues $ 5.2 Billion Net Income $ 2.9 Billion Comprehensive Income $ 2.9 Billion Single - Family Net Revenues $ 4.0 Billion Net Income $ 2.0 Billion Comprehensive Income $ 2.0 Billion • Net income of $ 2.9 billion , an increase of 19 % year - over - year , driven by higher net revenues and a credit reserve release Net revenues of $ 5.2 billion , an increase of 4 % year - over - year , driven by mortgage portfolio growth and higher average portfolio guarantee fee rates Benefit for credit losses of $ 0.2 billion , driven by a credit reserve release due to realized house price appreciation and improving economic conditions New business activity of $ 299 billion , down 11 % year - over - year , as refinance activity moderated from historically high levels in the prior year . Year - to - date activity of $ 949 billion , up 34 % year - over - year Mortgage portfolio of $ 2,682 billion , up 23 % year - over - year , driven by strong new business activity Serious delinquency rate of 1.46 % , down from 1.86 % at June 30 , 2021 and 3.04 % at September 30 , 2020 , driven by the decline of loans in forbearance Completed approximately 73,000 loan workouts 50 % of mortgage portfolio covered by credit enhancements New business activity of $ 18 billion , unchanged year - over - year . Year - to - date activity of $ 45 billion , down 6 % year - over - year Mortgage portfolio of $ 404 billion , up 10 % year - over - year , driven by ongoing loan purchase and securitization activity Delinquency rate , which does not include loans in forbearance , of 0.12 % , down from 0.15 % at June 30 , 2021 and 0.13 % at September 30 , 2020 94 % of mortgage portfolio covered by credit enhancements " We are pleased that Freddie Mac's third quarter results showed 19 percent year - over - year growth in net income and comprehensive income , which enabled us to add $ 2.9 billion to our net worth . These strong results allow the company to serve its mission of providing liquidity , stability and affordability to to the housing market - and to do so expansively by making home possible for owners and renters across the country and in all economic environments . Michael J. DeVito Chief Executive Officer Multifamily Net Revenues $ 1.3 Billion Net Income $ 0.9 Billion Comprehensive Income $ 0.9 Billion rounding .