Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 119

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 119
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,040 4,595 (555)(12)Impact on net interest income from hedge accounting(140)(544)404 74 (794)(1,872)1,078 58 Net interest income$5,455 $4,999 $456 9 %$15,856 $14,686 $1,170 8 %

Key Drivers: 

n    Guarantee net interest income

l    3Q 2025 vs. 3Q 2024 and YTD 2025 vs. YTD 2024 - Increased primarily due to continued mortgage portfolio growth in Single-Family and our Multifamily business strategy change that resulted in an increase in the volume of fully guaranteed securitizations.

n    Investments net interest income

l    3Q 2025 vs. 3Q 2024 and YTD 2025 vs. YTD 2024  - Decreased primarily due to lower income from securities purchased under agreements to resell driven by a decrease in short-term interest rates.

n    Impact on net interest income from hedge accounting

l    3Q 2025 vs. 3Q 2024 and YTD 2025 vs. YTD 2024 - Decreased due to lower expense related to debt in hedge accounting relationships.

Freddie Mac 3Q 2025 Form 10-Q6

Management's Discussion and AnalysisConsolidated Results of Operations

Net Interest Yield Analysis

The table below presents a yield analysis of interest-earning assets and interest-bearing liabilities. 

Table 3 - Analysis of Net Interest Yield 3Q 20253Q 2024(Dollars in millions)AverageBalanceInterestIncome(Expense)AverageRateAverageBalanceInterestIncome(Expense)AverageRateInterest-earning assets:Cash and cash equivalents$8,639 $70 3.16 %$9,848 $103 4.10 %Securities purchased under agreements to resell101,119 1,136 4.49 109,863 1,511 5.50 Investment securities83,769 932 4.45 45,616 510 4.48 Mortgage loans(1)3,234,083 30,802 3.81 3,133,839 27,640 3.53 Other assets3,134 35 4.36 2,