Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 8

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 10
Chunk 8
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The charts, tables, and related discussion below present the business results of our Single-Family segment. 

New Business Activity

UPB of Single-Family Loan Purchases and Guarantees by Loan Purpose and Average Estimated Guarantee Fee Rate(1) on New Acquisitions(UPB in billions)(1)Estimated guarantee fee rate calculations exclude the legislated guarantee fees and include deferred fees recognized over the estimated life of the related loans based on month-end market rates for the month of acquisition.Number of Families Helped to Own a Home and Average Loan UPB of New Acquisitions (Loan count in thousands)

Key Drivers: 

n    2Q 2025 vs. 2Q 2024 and YTD 2025 vs. YTD 2024

l    New business activity increased primarily driven by an increase in refinance activity.

l    The average loan size of new acquisitions increased primarily due to higher conforming loan limits.

Freddie Mac 2Q 2025 Form 10-Q14

Management's Discussion and AnalysisOur Business Segments | Single-Family

Single-Family Mortgage Portfolio

Single-Family Mortgage Portfolio and Average Estimated Guarantee Fee Rate(1) on Mortgage Portfolio(UPB in billions)(1)Estimated guarantee fee rate is calculated based on month-end market rates for the month of acquisition and includes deferred fees recognized over the estimated life of the related loans. These calculations exclude the legislated guarantee fees and certain loans, the majority of which are held by VIEs that we do not consolidate. The UPB of these excluded loans was $39 billion as of June 30, 2025.Single-Family Mortgage Loans(Loan count in millions)

Key Drivers:

n    June 30, 2025 vs. June 30, 2024

l    Our Single-Family mortgage portfolio was $3.1 trillion at June 30, 2025, up 2% year-over-year. The mortgage portfolio continued to grow at a moderate pace.

l    The average loan size of our Single-Family mortgage portfolio increased year-over-year due to higher conforming loan limits, which contributed to new business acquisitions having a larger loan size compared to older vintages that continued to run off.

Freddie Mac 2Q 2025 Form 10-Q15