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

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 10
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Management's Discussion and AnalysisConsolidated Balance Sheets Analysis

CONSOLIDATED BALANCE SHEETS ANALYSIS

The table below compares our summarized consolidated balance sheets.

Table 8 - Summarized Consolidated Balance SheetsDecember 31,Year Over Year Change(Dollars in millions)20242023$ % Assets:Cash and cash equivalents$5,534 $6,019 ($485)(8)%Securities purchased under agreements to resell100,118 95,148 4,970 5 Investment securities, at fair value55,771 43,275 12,496 29 Mortgage loans held-for-sale15,560 12,941 2,619 20 Mortgage loans held-for-investment3,172,329 3,083,665 88,664 3 Accrued interest receivable11,029 9,925 1,104 11 Deferred tax assets, net5,018 4,076 942 23 Other assets21,333 25,927 (4,594)(18)Total assets$3,386,692 $3,280,976 $105,716 3 %Liabilities and Equity:Liabilities:Accrued interest payable$9,822 $8,812 $1,010 11 %Debt3,304,949 3,208,346 96,603 3 Other liabilities12,346 16,096 (3,750)(23)Total liabilities3,327,117 3,233,254 93,863 3 Total equity59,575 47,722 11,853 25 Total liabilities and equity$3,386,692 $3,280,976 $105,716 3 %

Key Drivers: 

As of December 31, 2024 compared to December 31, 2023:

n    Securities purchased under agreements to resell increased primarily due to a higher custodial account balance driven by loan prepayments.

n    Investment securities increased primarily due to an increase in purchases of U.S. Treasury securities.

n    Mortgage loans held-for-investment increased primarily due to growth in our Single-Family mortgage portfolio.

n    Debt increased primarily due to an increase in debt of consolidated trusts driven by growth in our Single-Family mortgage portfolio.

FREDDIE MAC  |