Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 49

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 15
Chunk 49
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)759 618 Multifamily:Purchases:  Held-for-investment loans3,914 2,625   Held-for-sale loans5,431 6,459 Sales of held-for-sale loans(2)6,604 6,603 (1)Our sales of single-family loans reflect the sale of single-family seasoned loans.(2)Our sales of multifamily loans occur primarily through the issuance of Multifamily K Certificates. 

Freddie Mac 1Q 2025 Form 10-Q50

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 3

Reclassifications The table below presents the allowance for credit losses or valuation allowance that was reversed or established due to loan reclassifications between held-for-investment and held-for-sale during the periods presented.Table 3.3 - Loan Reclassifications(1) 1Q 20251Q 2024(In millions)UPBAllowance for Credit Losses Reversed or (Established)Valuation Allowance (Established) or ReversedUPBAllowance for Credit Losses Reversed or (Established)Valuation Allowance (Established) or ReversedSingle-Family reclassifications from:Held-for-investment to held-for-sale$689 $7 $— $376 $8 $— Held-for-sale to held-for-investment(2)258 21 13 50 4 4 Multifamily reclassifications from:Held-for-investment to held-for-sale527 1 (27)264 1 (5)   Held-for-sale to held-for-investment(2)190 (1)5 369 — 3 (1)Amounts exclude reclassifications related to loans for which we have elected the fair value option.(2)Allowance for credit losses established upon loan reclassifications from held-for-sale to held-for-investment to reflect the net amount we expect to collect on the loan. Loans with prior charge-offs may have a negative allowance for credit losses established upon reclassification.

Interest IncomeThe table below presents the amortized cost basis of non-accrual loans as of the beginning and the end of the periods presented, including the interest income recognized for the period that is related to the loans on non-accrual status as of the period end.Table 3.4 - Amortized Cost Basis of Held-for-Investment