Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 173

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 173
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, net(2)3,122,889 125,815 3,248,704 3,085,756 86,573 3,172,329 Total mortgage loans, net$3,124,452 $126,059 $3,250,511 $3,088,154 $99,735 $3,187,889 (1)Includes ($0.3) billion and ($0.7) billion of basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method fair value hedge relationships as of September 30, 2025 and December 31, 2024, respectively. (2)Includes $7.1 billion and $2.4 billion of multifamily held-for-investment loans for which we have elected the fair value option as of September 30, 2025 and December 31, 2024, respectively.

The table below provides details of the UPB of loans we purchased and sold during the periods presented.Table 3.2 - Loans Purchased and Sold(In millions)3Q 20253Q 2024YTD 2025YTD 2024Single-Family:Purchases:  Held-for-investment loans$99,428 $98,243 $270,677 $245,751 Sales of held-for-sale loans(1)707 658 1,962 1,657 Multifamily:Purchases:  Held-for-investment loans24,522 7,867 37,099 14,283   Held-for-sale loans195 6,028 7,722 19,068 Sales of held-for-sale loans(2)1,781 6,606 16,632 19,671 (1)Our sales of single-family loans reflect the sale of single-family seasoned loans.(2)Our sales of multifamily loans occur primarily through the issuance of Multifamily K Certificates. 

Freddie Mac 3Q 2025 Form 10-Q53

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 3

Reclassifications The table below presents the allowance for credit losses or valuation allowance that was reversed or established due to loan reclassifications between held-for-investment and held-for-sale during the periods presented.Table 3.3 - Loan Reclassifications(1) 3Q 20253Q 2024(In