Instance, all of our servicer outreach and you can losses minimization jobs along with improving financial requirements reduced unpaid funds within our profile
Good morning and you may thanks for signing up for us getting a presentation from Freddie Mac’s 4th One-fourth and you may Full Seasons 2021 Financial Overall performance. I’m Jeff Markowitz, Deputy CAO and you may SVP away from Outside Relationships and you may Business Telecommunications. Our company is entered today by the our Ceo, Michael DeVito by our very own CFO, Chris Lown.
Ahead of i initiate, we would like to indicate you to definitely inside the call Mr. DeVito and you will Mr. Lown could make submit-lookin statements based on presumptions about the organization’s trick company people and other factors. Changes in this type of products can result in the business’s actual leads to materially may include its criterion. A conclusion of them circumstances have been in their quarterly report into Mode ten-K filed today. You will find the newest 10-K money news release and you may associated information released to the Individual Affairs part of freddiemac. Which phone call try recorded and good replay will be readily available with the freddiemac. I ask your call not be rebroadcast or transcribed.
Good morning, and you can many thanks for joining us to opinion some other good season getting Freddie Mac computer. Next our CFO, Chris Lown usually take you step-by-step through our financials.
Today, I will briefly highlight the latest progress we made towards all of our strategic concerns within the 2021 and gives some ideas on what we expect when you look at the 2022
Therefore let me focus on a fast review of your progress just last year. Freddie Mac’s purpose has long been understood because getting exchangeability, balances and you may cost with the housing marketplace. Due to the fact I’ve listed into the earlier in the day phone calls, i interpret you to definitely mission expansively to satisfy the nation’s greater casing demands in most financial surroundings. That work includes enhancing exchangeability within the financial and you can financial support ilies inside their residential property on the financial course. Handling numerous housing industry members to market greater usage of and gives away from sensible and you may green land throughout the nation, promoting better equity for the casing, providing loan providers of the many models most usps direct deposit useful suffice their organizations, integrating environment social and you can governance steps for the our very own business and operations.
In short, our objective will be to make house easy for countless renters and you will borrowers in the united states. This is the overarching function of all our perform and you will that which you we do is within furtherance from it. Last year We set-out three pillars one help the objective, taking show, training risk management brilliance and you can expanding our ability.
I would ike to please feel free to high light some of the advances we fashioned with respect to each and every ones pillars more the last 12 months. Allow me to first start off with the latest strong results i put from inside the 2021. Chris Lown will go on much more depth within seconds but the headline quantity are worth listing right here. Freddie Mac gained web and you can total money out-of $several.step 1 mil and you may $11.six million, respectively inside 2021. This notably surpassed the very good 2020 abilities.
Our income brought the business’s overall equity in order to $twenty-eight billion, 71% greater than the net worthy of within season-avoid 2020. I should and state a word concerning need for strengthening financial support and also the integral matchmaking this has towards all of our objective. Resource is important one another regarding backstop to your threats we guess in the support all of our objective and also to signal safeguards and you will soundness to taxpayers, our very own partners plus the financial markets.
We continue to be undercapitalized and all of our path to a stronger capital status is through constantly strong monetary abilities. To achieve that efficiency, we have to show relentless work at every aspect your business.
Next, we experienced good chance administration for the 2021. Our 2021 single-members of the family series delinquency speed ily delinquency rates decrease to help you 0.08% within year-prevent, much lower than its respective pandemic peaks away from 3.04% and you may 0.17%.