Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 8

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 10
Chunk 8
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, tables, and related discussion below present the business results of our Single-Family segment. 

New Business Activity

UPB of Single-Family Loan Purchases and Guarantees by Loan Purpose and Average Estimated Guarantee Fee Rate(1) on New Acquisitions(UPB in billions)(1)Estimated guarantee fee rate calculations exclude the legislated guarantee fees and include deferred fees recognized over the estimated life of the related loans based on month-end market rates for the month of acquisition.Number of Families Helped to Own a Home and Average Loan UPB of New Acquisitions(Loan count in thousands)

Key Drivers:

n    1Q 2025 vs. 1Q 2024

l    Both home purchase and refinance volume increased due to expanded market coverage, higher conforming loan limits, and house price appreciation in recent quarters.

l    The average loan size of new acquisitions increased due to higher conforming loan limits and house price appreciation in recent quarters.

Freddie Mac 1Q 2025 Form 10-Q13

Management's Discussion and AnalysisOur Business Segments | Single-Family

Single-Family Mortgage Portfolio

Single-Family Mortgage Portfolio and Average Estimated Guarantee Fee Rate(1) on Mortgage Portfolio(UPB in billions)(1)Estimated guarantee fee rate is calculated based on month-end market rates for the month of acquisition and includes deferred fees recognized over the estimated life of the related loans. These calculations exclude the legislated guarantee fees and certain loans, the majority of which are held by VIEs that we do not consolidate. The UPB of these excluded loans was $40 billion as of March 31, 2025.Single-Family Mortgage Loans(Loan count in millions)

Key Drivers:

n    March 31, 2025 vs. March 31, 2024

l    Our Single-Family mortgage portfolio was $3.1 trillion at March 31, 2025, up 2% year-over-year. The mortgage portfolio continued to grow at a moderate pace.

l    The average loan size of our Single-Family mortgage portfolio increased year-over-year due to higher conforming loan limits and house price appreciation in recent periods, which contributed to new business acquisitions having a larger loan size compared to older vintages that continued to run off.

Freddie Mac 1Q 2025 Form 10-Q14