Federal Home Loan Mortgage (FMCC) Rent Expense (2010 - 2017)
Federal Home Loan Mortgage (FMCC) posted quarterly Rent Expense of $17.0 million for Q3 2017, up 30.77% year-over-year from $13.0 million in Q3 2016, and up 6.25% quarter-over-quarter from $16.0 million in Q2 2017.
Federal Home Loan Mortgage (FMCC) Rent Expense (2010 - 2017) Analysis & Trends
Federal Home Loan Mortgage (FMCC) has reported Rent Expense for 8 consecutive years, with $17.0 million the latest figure, recorded in Q3 2017.
- In Q3 2017, Rent Expense rose 30.77% year-over-year to $17.0 million; the TTM figure through Sep 2017 stood at $71.0 million (up 24.56% YoY), while the FY2016 annual figure was $66.0 million, up 17.86% from the prior year.
- Rent Expense rose to $17.0 million in Q3 2017 per FMCC's latest filing, from $16.0 million in the prior quarter.
- Across five years, Rent Expense topped out at $25.0 million in Q4 2016 and bottomed at $12.0 million in Q1 2015.
- Historically, Rent Expense has averaged $14.7 million across 5 years, with a median of $14.0 million in 2013.
- Annual changes were most pronounced in 2015 — Rent Expense slipped 12.5% — and 2016, when it soared 56.25%.
- Federal Home Loan Mortgage's Rent Expense stood at $13.0 million in 2013, then rose by 15.38% to $15.0 million in 2014, then advanced by 6.67% to $16.0 million in 2015, then jumped by 56.25% to $25.0 million in 2016, then slumped by 32.0% to $17.0 million in 2017.
- Business Quant data shows FMCC's Rent Expense at $17.0 million in Q3 2017, $16.0 million in Q2 2017, and $13.0 million in Q1 2017.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | - |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | - |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | - |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | 352,000.00 |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | - |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | 8.20 Mn |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | 4.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2017 | 17.00 Mn |
| Sep 30, 2017 | 17.00 Mn |
| Jun 30, 2017 | 16.00 Mn |
| Jun 30, 2017 | 16.00 Mn |
| Mar 31, 2017 | 13.00 Mn |
| Mar 31, 2017 | 13.00 Mn |
| Dec 31, 2016 | 25.00 Mn |
| Dec 31, 2016 | 25.00 Mn |
| Sep 30, 2016 | 13.00 Mn |
| Sep 30, 2016 | 13.00 Mn |
| Jun 30, 2016 | 15.00 Mn |
| Jun 30, 2016 | 15.00 Mn |
| Mar 31, 2016 | 13.00 Mn |
| Mar 31, 2016 | 13.00 Mn |
| Dec 31, 2015 | 16.00 Mn |
| Dec 31, 2015 | 16.00 Mn |
| Sep 30, 2015 | 14.00 Mn |
| Sep 30, 2015 | 14.00 Mn |
| Jun 30, 2015 | 14.00 Mn |
| Jun 30, 2015 | 14.00 Mn |