Websites financial support increases increased around fifty% or $900 billion so you can $2
seven mil, priily mortgage requirements and you may positive advances. Full season borrowing-associated bills , which was due mainly to the discharge out of pandemic-related terms this year and you can make the most of an effective sixteen.8% increase in home values inside the 2021.
Freddie Mac’s financial collection grew from the 18% year-over-12 months so you’re able to $step 3.2 trillion at the stop 2021. That it boost are priily home loan collection and you can good eight% rise in our very own multifamily financial profile.
Turning to the fresh new fourth one-fourth of 2021, we advertised net income out of $dos.eight billion, off six% in the fourth one-fourth this past year and you can total earnings away from $dos.seven billion, right up 8% on the same months a year ago. New decline in net income are generally driven because of the a cards costs that it quarter compared to brand new reserve discharge from the fourth quarter out-of 2020.
Getting into more detail. Last one-fourth web revenue totaled $5.six billion, an increase out of 11% as compared to $5 billion in the prior season quarter down to large websites focus money, partially counterbalance of the lower low-desire earnings. Online desire earnings enhanced because of the 29% year-over-season so you’re able to $cuatro.8 mil, generally motivated because of the high web attract income on unmarried-friends segment, which saw their home loan profile expand of the $466 mil.