Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 12

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 13
Chunk 12
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The tables below present a summary of the changes in our allowance for credit losses and key allowance for credit losses ratios.

Table 13 - Allowance for Credit Losses Activity

1Q 20251Q 2024(Dollars in millions) Single-FamilyMultifamilyTotalSingle-FamilyMultifamilyTotalAllowance for credit losses:Beginning balance$6,691 $548 $7,239 $6,402 $447 $6,849 Provision (benefit) for credit losses228 52 280 120 61 181   Charge-offs(191)(1)(192)(123)— (123)  Recoveries collected27 1 28 26 — 26 Net charge-offs(164)— (164)(97)— (97)Other(1)96 — 96 83 — 83 Ending balance$6,851 $600 $7,451 $6,508 $508 $7,016 Average loans outstanding during the period(2)$3,101,599 $86,445 $3,188,044 $3,030,531 $58,504 $3,089,035 Net charge-offs to average loans outstanding0.01 %— %0.01 %— %— %— %Components of ending balance of allowance for credit losses:Mortgage loans held-for-investment$6,543 $431 $6,974 $6,189 $381 $6,570 Other(3)308 169 477 319 127 446 Total ending balance$6,851 $600 $7,451 $6,508 $508 $7,016 

(1)Primarily includes capitalization of past due interest related to non-accrual loans that received payment deferral plans and loan modifications.

(2)Based on amortized cost basis of mortgage loans held-for-investment for which we have not elected the fair value option.

(3)Includes allowance for credit losses related to advances of pre-foreclosure costs and off-balance sheet credit exposures.