Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 59

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 15
Chunk 59
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 thousands)Weighted-Average Interest Rate ReductionWeighted-Average Months of Term ExtensionWeighted-Average Payment Deferral or Principal Forbearance(2)Single-Family:20- and 30-year or more, amortizing fixed-rate0.6 %166$15 15-year or less, amortizing fixed-rate— NM10 Adjustable-rate and other0.6 22411 1Q 2024(Dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Months of Term ExtensionWeighted-Average Payment Deferral or Principal Forbearance(2)Single-Family:20- and 30-year or more, amortizing fixed-rate1.2 %171$16 15-year or less, amortizing fixed-rate— 2214 Adjustable-rate and other0.8 21716 (1)     Averages are based on payment deferral plans and loan modifications completed during the periods presented. The financial effects of forbearance plans and repayment plans consist of a payment delay of between one and twelve months. In addition, the financial effect of a forbearance plan is included at the time the forbearance plan is completed if the borrower exits forbearance by entering into a payment deferral plan or loan modification.(2)     Primarily related to payment deferral plans. Amounts are based on non-interest-bearing principal balances on the restructured loans.

The table below provides the amortized cost basis of single-family held-for-investment loans that had a payment default (i.e., loans that became two months delinquent) during the periods presented and had been restructured within the previous 12 months preceding the payment default, when the borrower was experiencing financial difficulty at the time of the restructuring. Table 3.11 - Subsequent Defaults of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty(1)1Q 2025(In millions)Payment DelayPayment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotalSingle-Family:20- and 30-year or more, amortizing fixed-rate$975 $606 $9 $1,590 15-year or less, amortizing fixed-rate35 — — 35 Adjustable-rate and other11 1 — 12 Total Single-Family$1,021 $607 $9 $1,637 1Q 2024(In millions)Payment