Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 192

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 192
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 to new acquisitions. The benefit for credit losses for 3Q 2024 was driven by a credit reserve release in Single-Family as a result of lower mortgage interest rates and a credit reserve release in Multifamily due to enhancements in the credit loss estimation process.n    YTD 2025 vs. YTD 2024 - The provision for credit losses for YTD 2025 was primarily driven by a credit reserve build in Single-Family attributable to new acquisitions, changes in estimated market values of single-family properties based on our internal house price index, and changes in forecasted house price growth rates. The provision for credit losses for YTD 2024 was primarily driven by a credit reserve build in Single-Family attributable to new acquisitions.

Freddie Mac 3Q 2025 Form 10-Q66

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 6

NOTE 6 

Investment Securities

The table below summarizes the fair values of our investments in debt securities by classification.Table 6.1 - Investment Securities(In millions)September 30, 2025December 31, 2024Trading securities$80,214 $51,872 Available-for-sale securities3,641 3,899 Total fair value of investment securities$83,855 $55,771 

Trading Securities                                                                                                              The table below presents the fair values of our trading securities by major security type. Our non-mortgage-related securities primarily consist of investments in U.S. Treasury securities. Table 6.2 - Trading Securities(In millions)September 30, 2025December 31, 2024Mortgage-related securities$10,385 $9,158 Non-mortgage-related securities69,829 42,714 Total fair value of trading securities$80,214 $51,872 

The table below provides details of our net trading gains (losses) recognized during the periods presented.Table 6.3 - Net Trading Gains (Losses)(In millions)3Q 20253Q 2024YTD 2025YTD 2024Net trading gains (losses)$63 $993 $638 $794 Less: Net trading gains (losses) on securities sold42 238 62 131 Net trading gains (losses) related to securities still held at period end$21 $755 $576 $663 

Available-for-Sale Securities