Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 193

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 193
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 basis adjustments.(2)Based on carrying amount. Excludes hedge-related basis adjustments.(3)Includes $108.8 billion and $112.6 billion of callable debt as of June 30, 2025 and December 31, 2024, respectively.(4)Includes $1.3 billion of callable debt as of both June 30, 2025 and December 31, 2024.(5)Includes STACR debt notes, SCR debt notes, and IO debt.A portion of our long-term debt is callable. Callable debt gives us the option to redeem the debt security at par on one or more specified call dates or at any time on or after a specified call date.

The table below summarizes contractual maturities of long-term debt securities at June 30, 2025.Table 7.5 - Contractual Maturities of Long-Term Debt(1) (In millions)Par Value2025$34,836 202643,798 202725,410 202816,429 202918,400 Thereafter37,123 Total$175,996 (1)Excludes $0.7 billion of STACR debt notes and $0.1 billion of SCR debt notes. Contractual maturities of these debt securities are not presented because they are subject to prepayment risk, as their payments are based upon the performance of a pool of mortgage assets that may be prepaid by the related mortgage borrowers at any time generally without penalty.

Freddie Mac 2Q 2025 Form 10-Q70

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 8 

NOTE 8

DerivativesWe analyze the interest-rate sensitivity of financial assets and liabilities across a variety of interest-rate scenarios based on market prices, models, and economics. We use derivatives primarily to hedge interest-rate sensitivity mismatches between our financial assets and liabilities. We principally use interest-rate swaps, purchased or written options (including swaptions), and exchange-traded futures in our interest-rate risk management activities. We designate certain derivatives as hedging instruments in qualifying hedge accounting relationships. Interest-rate risk management derivatives that are not designated in qualifying hedge accounting relationships are economic hedges of financial instruments measured at fair value on a recurring basis or of other transactions or instruments that expose us to interest-rate risk. When we use derivatives to mitigate our exposures, we consider a number of factors, including cost, exposure to counterparty credit risk,