Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 20

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 15
Chunk 20
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 those provided by the earlier CRT transactions even if the maximum coverage provided by the more recent CRT transactions is similar to that provided by the earlier CRT transactions.

Freddie Mac 3Q 2025 Form 10-Q22

Management's Discussion and AnalysisRisk Management

Table 16 - Single-Family Mortgage Portfolio Newly Acquired Credit Enhancements3Q 20253Q 2024(In millions)UPB(1)(2)Maximum Coverage(3)(4)UPB(1)(2)Maximum Coverage(3)(4)Primary mortgage insurance$38,580 $10,080 $37,774 $9,961 CRT transactions:STACR 20,734 610 33,282 853 ACIS9,357 293 10,402 376 Other815 142 776 150 Total CRT issuance$30,906 $1,045 $44,460 $1,379 YTD 2025YTD 2024(In millions)UPB(1)(2)Maximum Coverage(3)(4)UPB(1)(2)Maximum Coverage(3)(4)Primary mortgage insurance$104,473 $27,331 $97,532 $25,717 CRT transactions:STACR77,959 2,435 106,764 3,142 ACIS54,935 1,745 36,251 1,269 Other2,100 437 1,864 377 Total CRT issuance$134,994 $4,617 $144,879 $4,788 

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

(2)    The primary mortgage insurance and CRT transactions presented in this table are not mutually exclusive as a single loan may be covered by both primary mortgage insurance and CRT transactions. 

(3)    For primary mortgage insurance, represents the coverage as of the related loan acquisition. For STACR transactions, represents the balance held by third parties at issuance. For ACIS transactions, represents the aggregate limit of insurance purchased from third parties at issuance.

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

Single-Family Mortgage Portfolio Credit Enhancement Coverage Outstanding

The table below provides information on the UPB and maximum coverage associated with credit-enhanced loans in our