Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 87

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 15
Chunk 87
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Administrative expense(1)(1,098)(326)(1,424)(1,082)(299)(1,381)Credit enhancement expense(955)(96)(1,051)(1,103)(82)(1,185)Legislative and regulatory assessments(1,620)(22)(1,642)(1,567)(22)(1,589)Other expense(103)(26)(129)(94)(7)(101)Non-interest expense(3,776)(470)(4,246)(3,846)(410)(4,256)Income before income tax expense5,427 1,032 6,459 5,287 1,627 6,914 Income tax expense(1,074)(204)(1,278)(1,058)(325)(1,383)Net income 4,353 828 5,181 4,229 1,302 5,531 Other comprehensive income (loss), net of taxes and reclassification adjustments17 38 55 (10)(20)(30)Comprehensive income$4,370 $866 $5,236 $4,219 $1,282 $5,501 (1)Includes salaries and employee benefits and professional services, technology, and occupancy.

The table below presents total assets for our Single-Family and Multifamily segments.Table 11.2 - Segment Assets(In millions)June 30, 2025December 31, 2024Single-Family$3,126,746 $3,104,174 Multifamily466,219 466,635 Total segment assets3,592,965 3,570,809 Reconciling items(1)(156,685)(184,117)Total assets per condensed consolidated balance sheets$3,436,280 $3,386,692 

(1)Reconciling items include (1) assets in our mortgage portfolio that are not recognized on our condensed consolidated balance sheets and (2) assets recognized on our condensed consolidated balance sheets that are not allocated to the reportable segments. 

Freddie Mac 2Q 2025 Form 10-Q78

Financial Statements                      Notes to the Condensed Consolidated Financial Statements | Note 12

NOTE 12

Concentration of Credit and Other RisksSingle-Family Mortgage Portfolio

The table below summarizes the concentration by geographic area of our Single-Family mortgage portfolio. See Note 2