Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 152

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 152
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4, excludes $7.6 billion and $8.2 billion, respectively, of payables related to securities sold under agreements to repurchase that we offset against receivables related to securities purchased under agreements to resell on our condensed consolidated balance sheets. 

(2)STACR debt notes and SCR debt notes are subject to prepayment risk as their payments are based upon the performance of a reference pool of mortgage assets that may be prepaid by the related mortgage borrowers at any time generally without penalty and are, therefore, included as a separate category in the table.

Debt of Consolidated Trusts

The largest component of debt on our condensed consolidated balance sheets is debt of consolidated trusts, which relates to securitization transactions that we consolidate for accounting purposes. We primarily issue this type of debt by securitizing mortgage loans to finance our guarantee activities. 

Freddie Mac 2Q 2025 Form 10-Q35

Management's Discussion and AnalysisLiquidity and Capital Resources 

The table below shows the issuance and extinguishment activity for the debt of consolidated trusts.

Table 34 - Debt of Consolidated Trusts Activity (In millions)2Q 20252Q 2024YTD 2025YTD 2024Beginning balance$3,109,427 $3,009,077 $3,085,981 $2,999,893 Issuances129,728 114,422 250,670 199,295 Repayments and extinguishments(118,554)(96,640)(216,050)(172,329)Ending balance3,120,601 3,026,859 3,120,601 3,026,859 Unamortized premiums and discounts34,796 39,380 34,796 39,380 Debt of consolidated trusts$3,155,397 $3,066,239 $3,155,397 $3,066,239 

Off-Balance Sheet Arrangements

We enter into certain business arrangements that are not recorded on our condensed consolidated balance sheets or that may be recorded in amounts that differ from the full contractual or notional amount of the transaction that affect our short- and long-term liquidity needs. Our off-balance sheet arrangements primarily consist of guarantees and commitments. Certain of these arrangements present credit risk exposure. See Note 2 and Note 4 for additional information on these transactions. See MD&A - Risk Management -