Federal Home Loan Mortgage (FMCC) Tax Rate (2010 - 2026)
Federal Home Loan Mortgage's (FMCC) quarterly Tax Rate came in at 19.7% in Q1 2026, down 10.0% year-on-year from 21.89% in Q1 2025, and up 0.52% on a QoQ basis from 19.6% in Q4 2025.
Federal Home Loan Mortgage (FMCC) Tax Rate (2010 - 2026) Analysis & Trends
Federal Home Loan Mortgage (FMCC) has 17 years of Tax Rate data on file, last reported at 19.7% in Q1 2026.
- On a quarterly basis, Tax Rate fell 10.0% year-over-year to 19.7% in Q1 2026; TTM through Mar 2026 was 19.66%, a 7.0% decrease from a year earlier, with the FY2025 full-year figure at 19.68%, down 7.0% from the prior year.
- Tax Rate for Q1 2026 stood at 19.7%, up from 19.6% in the prior quarter.
- Over the last five years, Tax Rate for FMCC reached as high as 20.49% in Q3 2023 and fell as low as 15.83% in Q3 2022.
- Historically, Tax Rate has averaged 19.7% across 5 years, with a median of 19.83% in 2023.
- Across the five-year window, Tax Rate sank 411 bps in 2022 and jumped 466 bps in 2023, its largest moves.
- Year by year, Tax Rate stood at 20.44% in 2022, then slipped by 1 bps to 20.16% in 2023, then dropped by 2 bps to 19.81% in 2024, then declined by 1 bps to 19.6% in 2025, then gained by 1 bps to 19.7% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 19.7% in Q1 2026, 19.6% in Q4 2025, and 19.58% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 25.75% |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 20.24% |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 19.70% |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 21.37% |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | 30.91% |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 27.78% |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 4.01% |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | 3.08% |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 3.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.70% |
| Mar 31, 2026 | 19.70% |
| Mar 31, 2026 | 19.70% |
| Dec 31, 2025 | 19.60% |
| Dec 31, 2025 | 19.60% |
| Dec 31, 2025 | 19.60% |
| Sep 30, 2025 | 19.58% |
| Sep 30, 2025 | 19.58% |
| Sep 30, 2025 | 19.58% |
| Jun 30, 2025 | 19.76% |
| Jun 30, 2025 | 19.76% |
| Jun 30, 2025 | 19.76% |
| Mar 31, 2025 | 19.80% |
| Mar 31, 2025 | 19.80% |
| Mar 31, 2025 | 19.80% |
| Dec 31, 2024 | 19.81% |
| Dec 31, 2024 | 19.81% |
| Dec 31, 2024 | 19.81% |
| Sep 30, 2024 | 19.27% |
| Sep 30, 2024 | 19.27% |