Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 65

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 65
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 particular geographic areaLoan ageNumber of years since loan origination•Credit losses on mortgage loans typically are low during the first few years after origination and may increase subsequently depending on macroeconomic conditions and other factors as the benefit of underwriting wanes

(1)See Glossary for additional details.

FREDDIE MAC  |  2024 Form 10-K58

Management's Discussion and AnalysisRisk Management

Loan Characteristics and Serious Delinquency Rate

The table below contains details of the characteristics and serious delinquency rates of the loans in our Single-Family mortgage portfolio. 

Table 23 - Credit Quality Characteristics and Serious Delinquency Rates of Our Single-Family Mortgage Portfolio(1) December 31, 2024(Dollars in millions)UPBOriginal CreditScore(2)Current CreditScore(2)(3)OriginalLTV RatioCurrent LTVRatioSDQ RateSingle-Family mortgage portfolio year of origination: 2024$309,757 75474978 %76 %0.12 %2023250,712 75174979 72 0.68 2022399,741 74674376 65 0.95 2021912,364 75275671 50 0.42 2020665,137 76176871 43 0.25 2019 and prior 566,463 73875275 33 0.91 Total$3,104,174 751 755 74 52 0.59 December 31, 2023(Dollars in millions)UPBOriginal CreditScore(2)Current CreditScore(2)(3)OriginalLTV RatioCurrent LTVRatioSDQ RateSingle-Family mortgage portfolio year of origination:2023$265,072 75174579 %75 %0.13 %2022433,252 74574676 68 0.63 2021984,004 75275671 54 0.35 2020719,822 76176871 46 0.22 2019119,557 74675376 46 0.69 2018 and prior517,203 73675175 32 0.96 Total$3,038,910 750 755 73 52 0.55 

(1)Excludes certain credit quality characteristics and serious delinquency rate information on loans underlying certain