Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 57

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 15
Chunk 57
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 $8,060 $15,613 $3,177,386 $578 

Freddie Mac 1Q 2025 Form 10-Q55

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 3

(1)There were no held-for-investment loans that were three months or more past due and accruing interest as of both March 31, 2025 and December 31, 2024.(2)Includes $3.0 billion and $2.6 billion of single-family loans that were in the process of foreclosure as of March 31, 2025 and December 31, 2024, respectively.(3)Loans with no allowance for loan losses primarily represent loans that were previously charged off and for which the amount we expect to collect is sufficiently in excess of the amortized cost to result in recovery of the entire amortized cost basis if the property were foreclosed upon or otherwise subject to disposition. We exclude the amounts of allowance for credit losses on advances of pre-foreclosure costs when determining whether a loan has an allowance for credit losses.

Loan RestructuringsSingle-Family Loan RestructuringsWe offer several types of restructurings to single-family borrowers that may result in a payment delay, interest rate reduction, term extension, or combination thereof. We do not offer principal forgiveness.  For purposes of the disclosure related to single-family loan restructurings involving borrowers experiencing financial difficulty, we exclude loans that were held-for-sale either at the time of restructuring or at the period end. The table below presents the period-end amortized cost basis of single-family held-for-investment loan restructurings involving borrowers experiencing financial difficulty that we entered into during the periods presented.

Table 3.9 - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty(1)1Q 2025(Dollars in millions)Payment Delay(2)Payment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotalTotal as % of Class of Financing Receivable(3)Single-Family:20- and 30-year or more, amortizing fixed-rate$7,308 $1,675 $121 $9,104 0.3 %15-year or less, amortizing fixed-rate255 — — 255 0.1 Adjustable-rate and other67 4 1 72 0.