Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 89

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 15
Chunk 89
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 2,959 17,583 (Provision) benefit for credit losses(968)(270)(1,238)(336)(48)(384)Non-interest expenseAdministrative expense(1)(1,647)(493)(2,140)(1,640)(454)(2,094)Credit enhancement expense(1,394)(146)(1,540)(1,678)(123)(1,801)Legislative and regulatory assessments(2,441)(40)(2,481)(2,368)(35)(2,403)Other expense(162)(39)(201)(126)(15)(141)Non-interest expense(5,644)(718)(6,362)(5,812)(627)(6,439)Income before income tax expense8,345 1,562 9,907 8,476 2,284 10,760 Income tax expense(1,645)(308)(1,953)(1,674)(450)(2,124)Net income 6,700 1,254 7,954 6,802 1,834 8,636 Other comprehensive income (loss), net of taxes and reclassification adjustments23 48 71 — 32 32 Comprehensive income$6,723 $1,302 $8,025 $6,802 $1,866 $8,668 (1)Includes salaries and employee benefits and professional services, technology, and occupancy.

The table below presents total assets for our Single-Family and Multifamily segments.Table 11.2 - Segment Assets (In millions)September 30, 2025December 31, 2024Single-Family$3,141,321 $3,104,174 Multifamily479,964 466,635 Total segment assets3,621,285 3,570,809 Reconciling items(1)(153,098)(184,117)Total assets per condensed consolidated balance sheets$3,468,187 $3,386,692 

(1)Reconciling items include (1) assets in our mortgage portfolio that are not recognized on our condensed consolidated balance sheets and (2) assets recognized on our condensed consolidated balance sheets that are not allocated to the reportable segments. 

Freddie Mac 3Q 2025 Form 10-Q78

Financial Statements                      Notes to the Condensed Consolidated Financial Statements | Note