Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 394

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 394
---
    Capital Reserve End Date - See Net worth sweep dividend, Net Worth Amount, Capital Reserve Amount, and Capital Reserve End Date for additional information.

n    CARES Act - Coronavirus Aid, Relief, and Economic Security Act - An economic stimulus bill signed into law on March 27, 2020, designed to mitigate the negative economic effects of the COVID-19 pandemic in the United States.

n    CD&A - Compensation Discussion and Analysis.

n    CEO - Chief Executive Officer.

n    CET1 - Common Equity Tier 1.

n    CFO - Chief Financial Officer.

n    CFPB - Consumer Financial Protection Bureau.

n    Charge-offs - Represent the amount of a financial asset that is removed from our consolidated balance sheets when deemed uncollectible, regardless of when the impact of the credit loss was recorded on our consolidated statements of comprehensive income. For mortgage loans, generally the amount of a charge-off is the recorded investment in excess of the fair value of the loan's collateral.

n    Charter - The Federal Home Loan Mortgage Corporation Act, as amended, 12 U.S.C. § 1451 et seq.

n    CHC Committee - The Compensation and Human Capital Committee of the Board of Directors.

n    CMBS - Commercial mortgage-backed security - A security backed by loans on commercial property (often including multifamily rental properties) as opposed to one-to-four family residential real estate. 

n    CMOs - Collateralized Mortgage Obligations.

n    CODM - Chief Operating Decision Maker.

n    Comprehensive income - Consists of net income plus other comprehensive income (loss).

FREDDIE MAC  |  2024 Form 10-K270

Glossary

n    Conforming loan/Conforming loan limit - A conventional single-family loan with an original principal balance that is equal to or less than the applicable statutory conforming loan limit, which is a dollar amount cap on the original principal balance of single-family loans we are permitted by law to purchase or securitize. The conforming loan limit is determined annually based on changes in FHFA's house price index.

n    Conservator - FHFA, acting in its capacity as Conservator of Freddie Mac.

n    Conservatorship Scorecard - FHFA's mechanism for outlining specific conservatorship priorities for Freddie Mac, Fannie Mae