Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 21

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 15
Chunk 21
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 differences in reporting cycles between the UPB of certain CRT transactions and the UPB of the underlying loans. 

Credit Enhancement Coverage Characteristics

The table below provides the serious delinquency rates for the credit-enhanced and non-credit-enhanced loans in our Single-Family mortgage portfolio. The credit-enhanced categories are not mutually exclusive as a single loan may be covered by both primary mortgage insurance and other credit enhancements.

Table 18 - Serious Delinquency Rates for Credit-Enhanced and Non-Credit-Enhanced Loans in Our Single-Family Mortgage PortfolioJune 30, 2025December 31, 2024(% of portfolio based on UPB)(1)% of Portfolio(2)SDQ Rate% of Portfolio(2)SDQ RateCredit-enhanced:   Primary mortgage insurance21 %1.08 %21 %1.12 %   CRT and other54 0.62 54 0.66 Non-credit-enhanced38 0.40 38 0.43 TotalN/A0.55 N/A0.59 

(1)Excludes loans underlying certain securitization products for which loan-level data is not available.

(2)Percentages do not total to 100% as a single loan may be included in multiple line items.

Credit Enhancement Recoveries   

Our expected recovery receivable from freestanding credit enhancements was $0.1 billion as of both June 30, 2025 and December 31, 2024.

Monitoring Loan Performance and Characteristics 

We review loan performance, including delinquency statistics and related loan characteristics, in conjunction with housing market and economic conditions, to assess credit risk when estimating our allowance for credit losses.

Freddie Mac 2Q 2025 Form 10-Q24

Management's Discussion and AnalysisRisk Management

Loan Characteristics and Serious Delinquency Rates

The table below contains details of the characteristics and serious delinquency rates of the loans in our Single-Family mortgage portfolio.

Table 19 - Credit Quality Characteristics and Serious Delinquency Rates of Our Single-Family Mortgage Portfolio(1) June 30, 2025(Dollars in millions)UPBOriginal CreditScore(2)Current CreditScore(2)(3)OriginalLTV RatioCurrent LTVRatioSDQ RateSingle-Family mortgage portfolio year of origination:2025$134,770 75875577 %77 %0.01 %2024323,848