Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 60

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 60
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 by CRT transactions we entered into during the periods presented, and maximum coverage related to these newly acquired credit enhancements. The amount of risk transferred through new CRT transactions can be affected by a number of factors, including current market conditions, the volume and characteristics of newly acquired loans, our risk appetite, the cost of CRT transactions, and FHFA guidance.

Table 18 - Single-Family Mortgage Portfolio Newly Acquired Credit EnhancementsYear Ended December 31,202420232022(In millions)UPB(1)(2)Maximum Coverage(3)(4)UPB(1)(2)Maximum Coverage(3)(4)UPB(1)(2)Maximum Coverage(3)(4)Primary mortgage insurance$135,459 $35,595 $125,352 $33,032 $163,648 $42,571 CRT transactions:  STACR 131,388 3,785 85,693 2,838 325,721 12,720   ACIS47,301 1,625 28,080 999 225,070 7,611   Other2,278 547 1,046 317 2,617 622 Total CRT issuance$180,967 $5,957 $114,819 $4,154 $553,408 $20,953 

(1)Represents the UPB of the mortgage assets, reference pool, or securitization trust, as applicable.  

(2)The primary mortgage insurance and CRT transactions presented in this table are not mutually exclusive as a single loan may be covered by both primary mortgage insurance and CRT transactions.

(3)For primary mortgage insurance, represents the coverage as of the related loan acquisition. For STACR transactions, represents the balance held by third parties at issuance. For ACIS transactions, represents the aggregate limit of insurance purchased from third parties at issuance. 

(4)The credit risk positions to which the maximum coverage applies may vary on a transaction-by-transaction basis. 

FREDDIE MAC  |  2024 Form 10-K55

Management's Discussion and AnalysisRisk Management

Single-Family Mortgage Portfolio Credit Enhancement Coverage Outstanding

The table below provides information on the UPB and maximum coverage associated with credit-enhanced loans in our Single-Family mortgage portfolio.

Table 19 - Single-Family Mortgage Portfolio Credit Enhancement Coverage OutstandingDecember 31, 2024(Dollars in millions)UPB(