Federal Home Loan Mortgage (FMCC) Net Margin (2010 - 2026)
Federal Home Loan Mortgage (FMCC) posted quarterly Net Margin of 0.15% for Q2 2026, up 20.0% year-over-year from 0.13% in Q2 2025, and down 146.07% quarter-over-quarter from 0.33% in Q1 2026.
Federal Home Loan Mortgage (FMCC) Net Margin (2010 - 2026) Analysis & Trends
Federal Home Loan Mortgage (FMCC) has reported Net Margin for 17 consecutive years, with 0.15% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 20.0% year-over-year to 0.15%; the TTM figure through Jun 2026 stood at 0.05% (up 28.0% YoY), while the FY2025 annual figure was 0.34%, down 36.0% from the prior year.
- Net Margin declined to 0.15% in Q2 2026 per FMCC's latest filing, from 0.33% in the prior quarter.
- Across five years, Net Margin topped out at 3.49% in Q3 2022 and bottomed at 2.74% in Q4 2023.
- Historically, Net Margin has averaged 0.11% across 5 years, with a median of 0.14% in 2025.
- Annual changes were most pronounced in 2022 — Net Margin tumbled 532 bps — and 2024, when it soared 332 bps.
- Federal Home Loan Mortgage's Net Margin stood at 0.52% in 2022, then slumped by 429 bps to 2.74% in 2023, then surged by 121 bps to 0.58% in 2024, then slumped by 121 bps to 0.12% in 2025, then decreased by 24 bps to 0.15% in 2026.
- Business Quant data shows FMCC's Net Margin at 0.15% in Q2 2026, 0.33% in Q1 2026, and 0.12% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - | 8.23% |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | 2.02% |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | -0.15% |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | 4.37% |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 0.93% |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | -27.18% |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | -50.89% |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | -4.56% |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | -1.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.15% |
| Mar 31, 2026 | 0.33% |
| Dec 31, 2025 | -0.12% |
| Sep 30, 2025 | -0.28% |
| Jun 30, 2025 | -0.35% |
| Mar 31, 2025 | -0.58% |
| Dec 31, 2024 | 0.58% |
| Sep 30, 2024 | -1.06% |
| Jun 30, 2024 | 0.08% |
| Mar 31, 2024 | 0.43% |
| Dec 31, 2023 | -2.74% |
| Sep 30, 2023 | -0.33% |
| Jun 30, 2023 | 1.01% |
| Mar 31, 2023 | -1.12% |
| Dec 31, 2022 | -0.52% |
| Sep 30, 2022 | 3.49% |
| Jun 30, 2022 | 1.22% |
| Mar 31, 2022 | 2.05% |
| Dec 31, 2021 | 0.40% |
| Sep 30, 2021 | 0.19% |