Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 121

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 121
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1,452)(38)(3)Affordable housing funds allocation(44)(40)(4)(10)(81)(70)(11)(16)Regulatory assessment(35)(34)(1)(3)(71)(67)(4)(6)Total legislative and regulatory assessments(825)(802)(23)(3)(1,642)(1,589)(53)(3)Other expense(74)(55)(19)(35)(129)(101)(28)(28)Non-interest expense($2,158)($2,134)($24)(1)%($4,246)($4,256)$10 — %

Key Drivers: 

n    Credit enhancement expense

l    2Q 2025 vs. 2Q 2024 and YTD 2025 vs. YTD 2024 - Decreased primarily due to a lower volume of outstanding CRT transactions and lower losses on STACR Trust note repurchases.

Freddie Mac 2Q 2025 Form 10-Q9

Management's Discussion and AnalysisConsolidated Balance Sheets Analysis 

CONSOLIDATED BALANCE SHEETS ANALYSIS

The table below compares our summarized condensed consolidated balance sheets.

Table 7 - Summarized Condensed Consolidated Balance Sheets Change(Dollars in millions)June 30, 2025December 31, 2024$%Assets:Cash and cash equivalents$4,267 $5,534 ($1,267)(23)%Securities purchased under agreements to resell95,451 100,118 (4,667)(5)Investment securities, at fair value82,850 55,771 27,079 49 Mortgage loans held-for-sale6,300 15,560 (9,260)(60)Mortgage loans held-for-investment3,206,974 3,172,329 34,645 1 Accrued interest receivable11,583 11,029 554 5 Deferred tax assets, net5,005 5,018 (13)— Other assets23,850 21,333 2,517 12 Total assets$3,436,280 $3,386,692 $49,588 1 %Liabilities and EquityLiabilities:Accrued interest payable$10,226 $9,822 $404 4 %Debt3,349,274 3,304,949 44,325