Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 248

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 248
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416 $10,378 Unsettled securities purchased under agreements to resell, net(2)10,650 22,276 Other commitments(3)4,248 4,701 Total$27,314 $37,355 (1)Includes $2.0 billion and $1.9 billion of commitments for which we have elected the fair value option as of December 31, 2024 and December 31, 2023, respectively. Excludes mortgage loan purchase commitments accounted for as derivative instruments. See Note 9 for additional information on commitments accounted for as derivative instruments.(2)Net of $0.4 billion and $4.0 billion of unsettled securities sold under agreements to repurchase as of December 31, 2024 and December 31, 2023, respectively.(3)Consists of unfunded portion of revolving lines of credit, liquidity guarantees, and other commitments.

FREDDIE MAC  |  2024 Form 10-K165

Financial Statements                                  Notes to Consolidated Financial Statements | Note 6

NOTE 6

Allowance for Credit LossesFor financial assets measured at amortized cost, we recognize an allowance for credit losses that is deducted from or added to the amortized cost basis of the financial asset to present the net amount expected to be collected on the financial asset on the balance sheet.

The table below summarizes changes in our allowance for credit losses. Table 6.1 - Details of the Allowance for Credit Losses  December 31, 2024December 31, 2023December 31, 2022(In millions) Single-FamilyMultifamilyTotalSingle-FamilyMultifamilyTotalSingle-FamilyMultifamilyTotalBeginning balance$6,402 $447 $6,849 $7,746 $147 $7,893 $5,440 $78 $5,518 Provision (benefit) for credit losses374 102 476 (1,172)300 (872)1,772 69 1,841 Charge-offs(511)(2)(513)(643)— (643)(505)— (505)Recoveries collected115 — 115 144 — 144 148 — 148 Other(1)311 1 312 327 — 327 891 — 891 Ending