Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 141

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 141
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 other market participants, which could affect the pricing we offer for and the performance of our mortgage-related products, the credit characteristics of the loans we purchase, and our ability to meet our affordable housing goals and other mandated activities; 

n The availability of critical third parties, or their vendors and other business partners, to deliver products or services, or to manage risks, including cybersecurity risk, effectively;

n The occurrence of a catastrophic event or natural disaster in areas in which our offices, significant portions of our total mortgage portfolio, or the offices of critical third parties are located, and for which we may be uninsured or significantly underinsured; and 

n    Other factors and assumptions described in this Form 10-Q and our 2024 Annual Report, including in the MD&A section.

Forward-looking statements are made only as of the date of this Form 10-Q, and we undertake no obligation to update any forward-looking statements we make to reflect events or circumstances occurring after the date of this Form 10-Q.

Freddie Mac 1Q 2025 Form 10-Q40

Financial Statements

Financial Statements

Freddie Mac 1Q 2025 Form 10-Q41

Financial StatementsCondensed Consolidated Statements of Income and Comprehensive Income

FREDDIE MAC 

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)(In millions, except share-related amounts)1Q 20251Q 2024Net interest incomeInterest income$31,365 $28,385 Interest expense(26,263)(23,626)Net interest income5,102 4,759 Non-interest incomeGuarantee income440 496 Investment gains, net192 405 Other income118 97 Non-interest income750 998 Net revenues5,852 5,757 (Provision) benefit for credit losses(280)(181)Non-interest expenseSalaries and employee benefits(423)(421)Professional services, technology, and occupancy(253)(271)Credit enhancement expense(540)(597)Legislative and regulatory assessments(817)(787)Other expense(55)(46)Non-interest expense(2,088)(2,122)Income before income tax expense3,484 3,454 Income tax expense(690)(688)Net income 2,794 2,766 Other comprehensive income (loss), net of taxes and reclassification adjustments34 (25)Comprehensive income $2,828 $2,741 Net income $