Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 258

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 258
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 using the effective interest method. If the terms of the existing debt security and the new debt security are not substantially different, the transaction is accounted for as a modification of the existing debt. Fees paid to the creditor are deferred and amortized into interest expense over the life of the modified debt security using the effective interest method and fees paid to third parties are expensed as incurred.We also engage in transactions whereby we enter into an agreement to sell and subsequently repurchase (or purchase and subsequently resell) agency securities. When these transactions involve securities issued by consolidated entities, they are treated as issuances and extinguishments of debt.The Purchase Agreement limits the par value of our aggregate indebtedness, which may restrict the amount of debt we are allowed to issue to fund our operations. See Note 2 for information regarding restrictions on the amount of our indebtedness under the Purchase Agreement. 

Debt of Consolidated Trusts Debt of consolidated trusts held by third parties represent our liability to third parties that hold beneficial interests in our consolidated trusts. Debt of consolidated trusts held by third parties are subject to prepayment risk as their payments are based upon the performance of the underlying mortgage loans that may be prepaid by the related mortgage borrower at any time generally without penalty.

FREDDIE MAC  |  2024 Form 10-K172

Financial Statements                                 Notes to Consolidated Financial Statements | Note 8

The table below summarizes the debt of consolidated trusts based on underlying loan product type.Table 8.2 - Debt of Consolidated TrustsDecember 31, 2024December 31, 2023(Dollars in millions)ContractualMaturityUPBCarrying Amount(1)WeightedAverageCoupon(2)ContractualMaturityUPBCarrying Amount(1)WeightedAverageCoupon(2)Single-Family:20-and 30-year or more, fixed-rate2025 - 2061$2,701,936 $2,736,057 3.34 %2024 - 2061$2,603,100 $2,640,550 3.06 %15-year or less, fixed-rate2025 - 2040291,054 294,875 2.30 2024 - 2039326,242 331,291 2.20 Adjustable-rate and other2025 - 205522,861 23,224 4.42 2024 - 205423,251 23,749 3.