Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 228

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 4
Chunk 228
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The table below presents the components of non-interest income.

Table 4 - Components of Non-Interest IncomeChangeChange(Dollars in millions)3Q 20253Q 2024$%YTD 2025YTD 2024$%Guarantee income$377 $487 ($110)(23)%$1,215 $1,366 ($151)(11)%Investment gains (losses), net(237)243 (480)NM74 1,197 (1,123)(94)Other income144 109 35 32 362 334 28 8 Non-interest income$284 $839 ($555)(66)%$1,651 $2,897 ($1,246)(43)%

Key Drivers:

n    Guarantee income 

l    3Q 2025 vs. 3Q 2024 - Decreased primarily due to less favorable fair value changes as a result of smaller declines in medium-term interest rates during 3Q 2025.

l    YTD 2025 vs. YTD 2024 - Decreased primarily due to less favorable fair value changes from prepayment rates during YTD 2025.

n    Investment gains (losses), net 

l    3Q 2025 vs. 3Q 2024 - Decreased primarily due to losses in Single-Family driven by interest rate and spread changes.

l    YTD 2025 vs. YTD 2024 - Decreased primarily due to lower gains in Single-Family driven by interest rate and spread changes, as well as lower revenues from held-for-sale loan purchase and securitization activities in Multifamily due to our business strategy change.

(Provision) Benefit for Credit Losses

The table below presents the components of provision for credit losses.