Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 186

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 186
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 2319 303 Level 3(2)1,321 1,474 Total$1,640 $1,777 (1)Includes loans that are classified as held-for-investment where we recognize credit losses, either through an allowance for credit losses or charge-off, based on the fair value of the underlying collateral and held-for-sale loans where the fair value is below cost. The valuation date for certain items may occur during the period and not at period end.(2)The predominant valuation technique used for Level 3 non-recurring fair value measurement at both March 31, 2025 and December 31, 2024 was external pricing sources. The unobservable inputs included a range of $76.0 - $102.0 and weighted average of $82.8 at March 31, 2025 and a range of $74.1 - $100.4 and weighted average of $82.3 at December 31, 2024.

Freddie Mac 1Q 2025 Form 10-Q78

Financial Statements                      Notes to the Condensed Consolidated Financial Statements | Note 13

Fair Value of Financial InstrumentsThe table below presents the carrying value and estimated fair value of our financial instruments. For certain types of financial instruments, such as cash and cash equivalents, securities purchased under agreements to resell, and certain debt, the carrying value on our condensed consolidated balance sheets approximates fair value, as these assets and liabilities are short-term in nature and have limited fair value volatility.Table 13.5 - Fair Value of Financial Instruments March 31, 2025GAAP Measurement Category(1)Carrying  Amount(2)Fair Value(In millions)Level 1Level 2Level 3Netting Adjustments(3)TotalFinancial assetsCash and cash equivalentsAmortized cost$4,790 $4,790 $— $— $— $4,790 Securities purchased under agreements to resellAmortized cost105,070 — 109,306 — (4,236)105,070 Investment securities:Available-for-saleFV - OCI3,860 — 3,276 584 — 3,860 TradingFV - NI55,194 45,451 6,683 3,060 — 55,194  Total investment securities59,054 45,451 9,959 3,644