Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 61

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 61
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1)% of PortfolioMaximum Coverage(2)(3)Primary mortgage insurance(4)$658,104 21 %$174,445 STACR 1,196,740 39 28,471 ACIS754,489 24 16,474 Other38,951 1 10,643 Less: UPB with multiple credit enhancements and other reconciling items(5)(733,818)(23)— Single-Family mortgage portfolio - credit-enhanced1,914,466 62 230,033 Single-Family mortgage portfolio - non-credit-enhanced1,189,708 38 N/ATotal$3,104,174 100 %$230,033 

December 31, 2023(Dollars in millions)UPB(1)% of PortfolioMaximum Coverage(2)(3)Primary mortgage insurance(4)$637,037 21 %$165,738 STACR 1,175,837 39 31,222 ACIS821,048 27 17,647 Other39,901 1 11,027 Less: UPB with multiple credit enhancements and other reconciling items(5)(813,966)(27)— Single-Family mortgage portfolio - credit-enhanced1,859,857 61 225,634 Single-Family mortgage portfolio - non-credit-enhanced1,179,053 39 N/ATotal$3,038,910 100 %$225,634 

(1)Represents the current UPB of the mortgage assets, reference pool, or securitization trust, as applicable. 

(2)    For STACR transactions, represents the outstanding balance held by third parties. For ACIS transactions, represents the remaining aggregate limit of insurance purchased from third parties. 

(3)    The credit risk positions to which the maximum coverage applies may vary on a transaction-by-transaction basis.

(4)    Amounts exclude certain loans for which we do not control servicing, as the coverage information for these loans is not readily available to us.

(5)    Other reconciling items primarily include timing differences in reporting cycles between the UPB of certain CRT transactions and the UPB of the underlying loans. 

Credit Enhancement Coverage Characteristics

The table below provides the serious delinquency rates for the credit-enhanced and non-credit-enhanced loans in our Single-Family mortgage portfolio. The credit