Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 224

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 224
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 in LIHTC partnerships to support and preserve the supply of affordable housing. These investments do not provide us with a controlling financial interest in the underlying partnerships and we therefore do not consolidate these entities. We 

FREDDIE MAC  |  2024 Form 10-K149

Financial StatementsNotes to Consolidated Financial Statements | Note 3

have elected to account for these investments using the proportional amortization method when applicable. The carrying amount of our investments in LIHTC partnerships is presented in other assets on our consolidated balance sheets and totaled $4.3 billion as of December 31, 2024, and $3.5 billion as of December 31, 2023.

FREDDIE MAC  |  2024 Form 10-K150

Financial StatementsNotes to Consolidated Financial Statements | Note 4

NOTE 4

Mortgage Loans

The table below provides details of the loans on our consolidated balance sheets.Table 4.1 - Mortgage LoansDecember 31, 2024 December 31, 2023(In millions)Single-Family Multifamily TotalSingle-Family Multifamily TotalHeld-for-sale UPB$2,984 $13,265 $16,249 $3,527 $9,905 $13,432 Cost basis and fair value adjustments, net(586)(103)(689)(712)221 (491)   Total held-for-sale loans, net2,398 13,162 15,560 2,815 10,126 12,941 Held-for-investment UPB3,063,211 87,416 3,150,627 2,996,509 59,203 3,055,712 Cost basis and fair value adjustments, net(1)28,926 (450)28,476 34,627 (291)34,336 Allowance for credit losses(6,381)(393)(6,774)(6,057)(326)(6,383)   Total held-for-investment loans, net(2)3,085,756 86,573 3,172,329 3,025,079 58,586 3,083,665 Total mortgage loans, net$3,088,154 $99,735 $3,187,889 $3,027,894 $68,712 $3,096,606