Freddie Mac reported net income of $2.8 billion for the third quarter of 2025, a decrease of 11% from the third quarter of 2024. Net revenues for the quarter were $5.7 billion, down 2% year-over-year. The company's mortgage portfolio reached $480 billion, representing a 6% increase from the previous year. The delinquency rate rose to 0.51%, up from 0.40% at the end of 2024 and 0.39% at the end of the third quarter of 2024. New business activity totaled $99 billion, up from $98 billion in the same quarter of 2024, driven mainly by increased refinance activity. Freddie Mac financed 288,000 mortgages during the quarter, with 54% of eligible loans classified as affordable to low- to moderate-income families. First-time homebuyers accounted for 50% of new single-family home purchase loans. In the multifamily segment, Freddie Mac financed 195,000 rental units, with 92% of eligible units affordable to low- to moderate-income families. By segment, the single-family business reported net revenues of $4.9 billion and net income of $2.3 billion, while the multifamily business recorded net revenues of $0.8 billion and net income of $0.4 billion. As of September 30, 2025, Freddie Mac's net worth was $68 billion. The company provided $124 billion in market liquidity and supported 483,000 households in buying, refinancing, or renting a home during the quarter.