Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 0

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 5
Chunk 0
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Table 5 - (Provision) Benefit for Credit LossesChange(Dollars in millions)1Q 20251Q 2024$%Single-Family($228)($120)($108)(90)%Multifamily(52)(61)9 15 (Provision) benefit for credit losses($280)($181)($99)(55)%

Key Drivers: 

n    1Q 2025 vs. 1Q 2024 - The provision for credit losses for 1Q 2025 was primarily driven by a credit reserve build in Single-Family attributable to new acquisitions. The provision for credit losses for 1Q 2024 was primarily driven by a credit reserve build in Single-Family attributable to new acquisitions and increasing mortgage rates.

Non-Interest Expense 

The table below presents the components of non-interest expense.