Federal Home Loan Mortgage Corporation
Q1 2021 Earnings Call Transcript

Published:

  • Operator:
    Ladies and gentlemen, thank you for standing by and welcome to the Freddie Mac First Quarter 2021 Financial Results Media Call. All lines have been placed on mute to prevent any background noise. [Operator Instructions] I would now like to hand the conference over to your speaker for today, Mr. Jeffrey Markowitz. The floor is yours.
  • Jeffrey Markowitz:
    Good morning and thank you for joining us for the presentation of Freddie Mac's first quarter 2021 financial results. I am Jeff Markowitz, Deputy Chief Administrative Officer. We're joined today by our CFO, Chris Lown. Before we begin, we'd like to point out that during the call, Mr. Lown may make forward-looking statements based on assumptions about the company's key business drivers and other factors. Changes in these factors could cause the company's actual results to materially vary from its expectations. A description of those factors can be found in the company's quarterly report on Form 10-Q filed today. Mr. Lown may also discuss non-GAAP financial measures. For more information about those measures, please see our earnings press release and related materials, which are posted on the Investor Relations section of freddiemac.com. Our commentary today will be limited to business and market topics. As you know, we cannot comment on public policy or legislation concerning Freddie Mac. This call is recorded, and a replay will soon be available on freddiemac.com. We ask that the call not be rebroadcast or transcribed. With that I will turn the call over to Freddie Mac's CFO, Chris Lown.
  • Chris Lown:
    Good morning and thank you for joining us for our call today, where I will discuss our first quarter 2021 financial results. Let's start with our mission to provide liquidity, stability and affordability to the U.S. housing market. Freddie Mac supplied $377 billion of liquidity to the Single-Family and Multifamily segments in the quarter. Our funding helped 1.4 million families purchase, refinance, or rent a home, a significant increase compared with the 637,000 we supported in the first quarter of 2020. Some key first quarter highlights include
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