Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 305

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 305
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 pricing sourcesPrice$59.3 - $110.4$100.3 Mortgage loans held-for-investment473 External pricing sourcesPrice$24.7 - $99.2$74.7 Other assets5,014  Discounted cash flows OAS17 - 233 bps47 bps505 OtherTotal level 3 assets$10,337 LiabilitiesTotal level 3 liabilities$496 (1)   Unobservable inputs were weighted primarily by the relative fair value of the financial instruments.

Assets Measured at Fair Value on a Non-Recurring BasisWe may be required, from time to time, to measure certain assets at fair value on a non-recurring basis. These adjustments usually result from the application of lower-of-cost-or-fair-value accounting or an allowance for credit losses based on the fair value of the underlying collateral. Certain of the fair values in the tables below were not obtained as of the period end, but were obtained during the period.The table below presents assets measured on our consolidated balance sheets at fair value on a non-recurring basis. Table 16.4 - Assets Measured at Fair Value on a Non-Recurring BasisDecember 31, 2024December 31, 2023(In millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalMortgage loans(1)$— $303 $1,474 $1,777 $— $640 $1,578 $2,218 (1)Includes loans that are classified as held-for-investment and have an allowance for credit losses based on the fair value of the underlying collateral and held-for-sale loans where the fair value is below cost.

The table below provides valuation techniques, the range, and the weighted average of significant unobservable inputs for Level 3 assets measured on our consolidated balance sheets at fair value on a non-recurring basis.

FREDDIE MAC  |  2024 Form 10-K205

Financial Statements                               Notes to Consolidated Financial Statements | Note 16

Table 16.5 - Quantitative Information about Non-Recurring Level 3 Fair Value MeasurementsDecember 31, 2024 Level 3FairValuePredominantValuationTechnique(s)Unobservable Inputs(Dollars in millions, except for certain unobservable inputs as shown)TypeRangeWeightedAverage(1)Mortgage loans$1,292 External pricing