Good interest and morning you for thank your Mac. in Freddie
I discuss business will and call, financial results. our this During morning's
a XXXX a increase refinancing by activity or to XXXX. for XXXX families helping record our refinance, was founded. Freddie Mac our important we compared include, for Key of reduce start highlights a liquidity mortgage critical at record in families. million X.X that review $X.X which continued rent X.X role noting helped trillion time, payments supported We it purchase, the serve the in to million Let's home, X.X delivered million significant
families median million at represented XX% area family to of XX% or we First-time the multiple homebuyers of below of income. the homebuyers making over finance, And affordable were XXX,XXX X.X XXX% the supported. units helped we
than foreclosure million American to eviction families. support our the more included, a addition, during XX and In pandemic implementing moratorium covering families single-family
ongoing our and regaining footing. program. of into eviction our we the industry Disease XX% closely exited with million with Centers the are XXX,XXX very forbearance families or nearly That helped And our nearly threat removed even we finance. this single-family residents multifamily and conservator support protection place, Control As borrowers Working their of before for after the had by multifamily accomplishments. agreements than X.X already went than forbearance December XXX,XXX forbearance these units proud for have of more ban is we into XX, XXX,XXX eviction servicers, more for of covered partners, and entered
financial from billion, the quarter. driven totaled and our loan prior X% was prior Freddie a from fourth growth Comprehensive of XX% fourth $X.X quarter. due to up primarily house to results, quarter. quarter in Mac This $X.X of the billion, income revenue price income net by Turning up reported appreciation release loss reserves the realized continued increase
interest from into which there book. income Looking detail, more X% quarter, growth our in the was driven prior was by in net X% guarantee increase a single-family
Our in fourth totaled was partially a $X.X result by of an price billion, appreciation billion driven quarter realized the of credit the decrease risk in house structures recoveries enhancement prior a increased fourth expected $X.X credit-related expense our in by offset house to compared in prices. the quarter. This transfer quarter, benefit as
XXXX. or an billion, and income the XXXX, XXXX, full $X.X to Year-over-year to growth. Turning $X.X XXXX. of losses to as XXX%, increased billion billion, and down from net commitments. $X.X or of Mac billion, mainly billion Full mortgage year X%, as $X.X the $X portfolio to due to billion, multifamily on provision year $X.X primarily billion XXXX, net by from income record of COVID-XX of a $X.X margins increase $X.X X%, of comprehensive in billion reported a result fee or in was income due a the in credit revenues XX% expense $XX.X for guarantee increased growth to in interest higher an and which loan of increased single-family to credit-related Net pandemic by expected result investment by loan prepayments portfolio XX% by to higher Freddie driven growth gains primarily was recognition income low increase faster rates driven higher billion, due X% billion, this $XX.X deferred net
house XXXX was in credit offset recoveries, Our provision risk partially year enhancement by from and transfer price in a full transactions. primarily our appreciation expected year-over-year credit increase
lines, year-over-year. single-family the recognition by higher to in in $X.X income, fee of our prepayments. business comprehensive loan business and portfolio mainly from reported increase individual was driven by up billion, This guarantee XX% resulted faster income which the Turning XXXX a deferred fee driven X% income growth
points higher XX we points from average in rate, basis realized XXXX. to increased contractual basis a guarantee addition, In fee in which XX XXXX
Our to grew single-family X.X guarantee XX% by year-over-year also portfolio $ trillion.
reflecting forbearance increased $X.X as to year, driven serious New higher single-family the X.XX% trillion X.XX% a home to pandemic. business XXX% refinance by the and by The from in in of from result loans increased purchase COVID-XX prior single-family activity. rate activity meaningfully delinquency XXXX
During billion, income $X.X driven XXX,XXX by gains comprehensive reported investment primarily the due deferrals multifamily single-family workouts, mainly higher forbearance This commitments. higher payment for on to and XXXX. $X.X year, of including of The completed which agreements nearly in and year-over-year. XX,XXX XXXX, margins up versus XX% was multifamily business were we loans billion
guarantee guarantee XX% fee continued primarily growth portfolio. saw to income in increase in due also We a the multifamily
of had end in the are included increased multifamily XX% multifamily affordable $XX basis affordable manufactured XX% housing guarantee based XXXX, X% mission-driven $XXX from balance. mortgage to unpaid first-loss senior of We activity on billion loans billion these our loans. XXXX, the forbearance portfolio in certain billion in with in basis including grew in pandemic. securitizations of due X multifamily of billion. end at rate small housing, at housing $XX forbearance, year-over-year this due XXXX housing a delinquency points principal subordination. was targeted The business from the saw activity enhancement of points of XX% balance X.XX% At XXXX, XXXX. new to activity the loans, $XX in we provided of XXXX, loans, Approximately XX and by end Our to to Nearly portfolio credit securitization of up loans,
due primarily net interest in loss a billion, decrease of billion The comprehensive with had segment increase pay due payments on driven by markets mid-month. in to to due income security lower full of to off in net loans interest compared expense prepayments, capital to to $X.X income. coupon income higher was Our XXXX, $X.X an amortization when holders monthly loan expense rate additional the coupled
position, important market. net of end at at billion in year worth, our stood continuously have events in Finally, versus past or capital The Mac’s the $XX.X year the $X.X supporting demonstrated billion Freddie XXXX. housing role
the is you to future all extends our well those Our this us that, joining goal serve. for thank that With today. into we and company ensure mission for
