Online capital growth improved roughly fifty% or $900 mil in order check out the post right here to $2
seven billion, priily financing duties and positive develops. Full season borrowing from the bank-associated expense , which had been due mainly to the production off pandemic-relevant arrangements this year and you can benefit from a good 16.8% boost in home values when you look at the 2021.
Freddie Mac’s mortgage portfolio expanded of the 18% year-over-year so you can $step three.dos trillion in the end 2021. That it increase try priily home loan portfolio and a great 7% upsurge in our very own multifamily financial profile.
Turning to brand new 4th quarter regarding 2021, we advertised net income from $dos.seven mil, down six% on next one-fourth this past year and you will total income off $dos.7 billion, upwards 8% throughout the same period just last year. This new decline in net income are generally driven from the a credit expenses this one-fourth compared with the new reserve release regarding next one-fourth from 2020.
Getting into increased detail. 4th quarter net profits totaled $5.six billion, a growth out-of eleven% as compared to $5 billion in the previous seasons quarter as a result of higher websites notice income, partly offset from the straight down non-appeal money. Internet notice money improved of the 29% year-over-year to $cuatro.8 million, primarily inspired by the large websites interest income in the single-nearest and dearest sector, hence spotted its financial portfolio develop by the $466 million. (more…)