Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 32

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 11
Chunk 32
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 other liquidations. The average estimated guarantee fee rate on new acquisitions decreased slightly in 2024 compared to 2023.

FREDDIE MAC  |  2024 Form 10-K35

Management's Discussion and Analysis                                                         Our Business Segments | Single-Family

n    We continued working to improve equitable access to affordable and sustainable housing. For example, our Home Possible® and Home One® initiatives offer down payment options as low as 3% and are designed to help qualified borrowers with limited savings buy a home. We purchased approximately 158,000 loans under these initiatives in 2024. Our Refi Possible® initiative provides more flexibility to help low- and moderate-income borrowers refinance their existing mortgages and lower their monthly payments. We also continue to implement programs that support responsibly broadening access to affordable housing by:

l    Providing homebuyer and financial education through our CreditSmart® learning suite and our Borrower Help Centers;

l    Implementing the Duty to Serve Underserved Markets plan; 

l    Implementing the Equitable Housing Finance plan; 

l    Developing and implementing a plan to increase and preserve sustainable mortgage purchase and refinance credit for all qualified borrowers; and

l    Increasing support for first-time home buyers.

While we are responsibly expanding our programs and outreach capabilities to better serve low- and moderate-income borrowers and underserved markets, these loans may result in increased credit risk. See MD&A - Regulation and Supervision - Federal Housing Finance Agency - Duty to Serve Underserved Markets Plan for additional information. 

Single-Family Mortgage Portfolio

 Single-Family Mortgage Portfolio and Average Estimated Guarantee Fee Rate(1) on Mortgage Portfolio as of December 31,(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 December 31,2024. Single-Family Mortgage Loans as of December 31,(Loan count in millions)

n    Our Single-Family mortgage portfolio was $3.1 trillion at December 31, 2024, up 2% year-over-year. The mortgage portfolio continued to grow at a moderate pace.

n    The average estimated guarantee fee rate on