Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 1

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 6
Chunk 1
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Table 6 - Components of Non-Interest ExpenseChange(Dollars in millions)1Q 20251Q 2024$%Salaries and employee benefits($423)($421)($2)— %Professional services, technology, and occupancy(253)(271)18 7 Credit enhancement expense(540)(597)57 10 Legislative and regulatory assessments:Legislated guarantee fees expense(744)(724)(20)(3)Affordable housing funds allocation(37)(30)(7)(23)Regulatory assessment(36)(33)(3)(9)Total legislative and regulatory assessments(817)(787)(30)(4)Other expense(55)(46)(9)(20)Non-interest expense($2,088)($2,122)$34 2 %

Key Drivers: 

n    Credit enhancement expense

l    1Q 2025 vs. 1Q 2024 - Decreased primarily due to a lower volume of outstanding CRT transactions and lower losses on STACR Trust note repurchases.

Freddie Mac 1Q 2025 Form 10-Q8