Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 73

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 15
Chunk 73
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,365 ($26,263)$28,385 ($23,626)Interest contracts on mortgage loans held-for-investment:Gain (loss) on fair value hedging relationships:Hedged items695 — (995)— Derivatives designated as hedging instruments(772)— 953 — Interest accruals on hedging instruments129 — 234 — Discontinued hedge related basis adjustments amortization66 — 43 — Interest contracts on debt:Gain (loss) on fair value hedging relationships:Hedged items— (801)— 134 Derivatives designated as hedging instruments— 811 — (127)Interest accruals on hedging instruments— (478)— (929)Discontinued hedge related basis adjustment amortization— (11)— (2)Total impact of fair value hedge accounting$118 ($479)$235 ($924)

The table below presents the cumulative basis adjustments and the carrying amounts of the hedged item by its respective balance sheet line item.Table 8.5 - Cumulative Basis Adjustments Due to Fair Value HedgingMarch 31, 2025Carrying Amount  Assets / (Liabilities)Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying AmountClosed Portfolio Under the Portfolio Layer Method(In millions)TotalUnder the Portfolio Layer MethodDiscontinued - Hedge RelatedTotal Amount by Amortized Cost BasisDesignated Amount by UPBMortgage loans held-for-investment$1,127,264 ($3,148)($386)($2,762)$47,734 $9,155 Mortgage loans held-for-sale138 1 — 1 — — Debt(105,529)3,252 — 16 — — December 31, 2024Carrying Amount  Assets / (Liabilities)Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying AmountClosed Portfolio Under the Portfolio Layer Method(In millions)TotalUnder the Portfolio Layer MethodDiscontinued - Hedge RelatedTotal Amount by Amortized Cost BasisDesignated Amount by UPBMortgage loans held-for-investment$1,117,060 ($3,909)($695)($3,214)$56,394 $12,070 Debt(107,241)4,050 — 19 — — 

Freddie Mac 1Q 2025 Form 10