Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 285

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 285
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)(2,795)Credit enhancement expense(2,223)(116)(2,339)Benefit for (decrease in) credit enhancement recoveries(236)47 (189)Legislative and regulatory assessments(3,085)(46)(3,131)Other expense(360)(88)(448)Non-interest expense(8,118)(784)(8,902)Income before income tax expense11,321 1,878 13,199 Income tax expense(2,282)(379)(2,661)Net income9,039 1,499 10,538 Other comprehensive income (loss), net of taxes and reclassification adjustments10 156 166 Comprehensive income$9,049 $1,655 $10,704 

FREDDIE MAC  |  2024 Form 10-K191

Financial Statements                                     Notes to Consolidated Financial Statements | Note 14

Year Ended December 31, 2022 Single-FamilyMultifamilyTotal(In millions)Net interest incomeInterest income$81,360 $2,098 $83,458 Interest expense(64,293)(1,160)(65,453)Net interest income17,067 938 18,005 Non-interest income Guarantee income109 674 783 Investment gains, net1,280 689 1,969 Other income295 212 507 Non-interest income1,684 1,575 3,259 Net revenues18,751 2,513 21,264 (Provision) benefit for credit losses(1,772)(69)(1,841)Non-interest expenseAdministrative expense(1)(2,052)(536)(2,588)Credit enhancement expense(2,047)(71)(2,118)Benefit for (decrease in) credit enhancement recoveries224 12 236 Legislative and regulatory assessments(3,076)(55)(3,131)Other expense(197)(21)(218)Non-interest expense(7,148)(671)(7,819)Income before income tax expense9,831 1,773 11,604 Income tax expense(1,929)(348)(2,277)Net income7,902 1,425 9,327 Other comprehensive income (loss), net of taxes and reclassification adjustments(24)(318)(342)Comprehensive income$7,878