Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 2

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 7
Chunk 2
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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 1 Other liabilities11,969 12,346 (377)(3)Total liabilities3,371,469 3,327,117 44,352 1 Total equity64,811 59,575 5,236 9 Total liabilities and equity$3,436,280 $3,386,692 $49,588 1 %

Key Drivers:

As of June 30, 2025 compared to December 31, 2024: 

n    Investment securities increased primarily due to an increase in purchases of U.S. Treasury securities.

n    Mortgage loans held-for-sale decreased primarily due to Multifamily designating a greater percentage of new mortgage loan purchases as held-for-investment to support increased issuances of fully guaranteed securitizations.

n    Mortgage loans held-for-investment increased primarily due to growth in our Single-Family mortgage portfolio.

n    Debt increased primarily due to an increase in debt of consolidated