Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 72

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 72
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000 loans in other active loss mitigation activity as of December 31, 2024.

The table below contains credit characteristic data on our single-family modified loans. 

Table 29 - Credit Characteristics of Single-Family Modified Loans(1)(Dollars in millions)December 31, 2024December 31, 2023UPB$29,730 $27,465 Percent of portfolio1 %1 %CLTV ratio47 47 SDQ rate7.26 6.30 

(1)Primarily includes loans modified through the Freddie Mac Flex Modification program.

The table below contains information about the payment performance of modified loans in our Single-Family mortgage portfolio, based on the number of loans that were current or paid off one year and, if applicable, two years after modification.

Table 30 - Payment Performance of Single-Family Modified Loans(1)Quarter of Loan Modification Completion4Q 20233Q 20232Q 20231Q 20234Q 20223Q 20222Q 20221Q 2022Current or paid offone year after modification:66 %68 %73 %73 %78 %82 %86 %89 %Current or paid offtwo years after modification:N/AN/AN/AN/A78 82 86 90 

(1)Primarily includes loans modified through the Freddie Mac Flex Modification program.

FREDDIE MAC  |  2024 Form 10-K63

Management's Discussion and AnalysisRisk Management

Managing Foreclosure and REO Activities

In a foreclosure, we may acquire the underlying property and later sell it, using the proceeds of the sale to reduce our losses. We typically acquire properties as a result of borrower defaults and subsequent foreclosures or deeds in lieu of foreclosure on loans that we own or guarantee. We evaluate the condition of, and market for, newly acquired REO properties, determine if repairs will be performed and manage such repairs, determine occupancy status and whether there are legal or other issues to be addressed, and determine our sale or disposition strategy. When we sell REO properties, we typically provide an initial period where we consider offers by owner occupants and entities engaged in community stabilization activities before offers by investors. We also consider disposition strategies, such as auctions, as appropriate to improve collateral recoveries and/or when traditional sales strategies (i.e., marketing via Multiple Listing Service and a real estate agent) may not be as effective. Our management