Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 37

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 15
Chunk 37
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 9,231 21,423 9,231 STACR and SCR debt(2)786 786 1,324 1,324 Total debt of Freddie Mac$198,148 $198,148 $187,659 $187,659 

(1)As of June 30, 2025 and December 31, 2024, 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