Fred Solomon

Good morning, and thanks for joining us for a presentation of Freddie Mac's First Quarter 2026 Financial Results. I'm Fred Solomon, Director of Financial Communications. We are joined today by Executive Vice President and Chief Financial Officer, Jim Whitlinger. Before we begin, we'd like to point out that during the call, Mr. Whitlinger may make forward-looking statements based on assumptions about the company's key business drivers and other factors. Changes in these factors could cause the company's actual results to materially vary from its expectations. A description of those factors can be found in the company's quarterly report on Form 10-Q filed today. You will find the 10-Q, earnings press release and related materials posted on the Investor Relations section of freddiemac.com. This call is recorded, and a replay will soon be available on freddiemac.com. We ask that this call not be rebroadcast or transcribed. With that, I'll turn the call over to Freddie Mac's CFO, Jim Whitlinger.

James Whitlinger
Executive VP & CFO

Good morning, and thank you for joining our call to review Freddie Mac's first quarter financial results. To help you follow along, we've published a financial supplement and earnings presentation this quarter, which I'll reference throughout today's remarks.

As you can see on Slide 2 of today's presentation, Freddie Mac kicked off 2026 with a strong quarter. We earned $3.6 billion of net income, bringing our net worth to nearly $74 billion. The total mortgage portfolio increased to $3.7 trillion as we provided $116 billion of liquidity to U.S. housing.

Freddie Mac's support during the quarter helped 380,000 families buy, refinance or