Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 19

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 15
Chunk 19
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Management's Discussion and AnalysisRisk Management

The table below contains additional information about the single-family loans we purchased.

Table 15 - Single-Family New Business Activity 3Q 20253Q 2024YTD 2025YTD 2024(Dollars in millions)Amount% of TotalAmount% of TotalAmount% of TotalAmount% of Total20- and 30-year, amortizing fixed-rate$89,478 90 %$93,999 96 %$247,235 91 %$234,609 95 %15-year or less, amortizing fixed-rate7,128 7 3,444 3 17,706 7 8,758 4 Adjustable-rate2,822 3 800 1 5,736 2 2,384 1 Total$99,428 100 %$98,243 100 %$270,677 100 %$245,751 100 %Percentage of purchasesDTI ratio > 45%28 %29 %29 %30 %Original LTV ratio > 90%24 24 24 25 Transaction type:Guarantor swap67 64 70 65 Cash window33 36 30 35 Property type:Detached single-family houses and townhouses93 92 92 91 Condominium or co-op7 8 8 9 Occupancy type:Primary residence94 93 93 93 Second home2 2 2 2 Investment property4 5 5 5 Loan purpose:Purchase82 86 81 86 Cash-out refinance9 8 9 8    Other refinance9 6 10 6 

Transferring Credit Risk to Third-Party Investors 

We engage in various credit enhancement arrangements to reduce our credit risk exposure on our single-family loans. 

Single-Family Mortgage Portfolio Newly Acquired Credit Enhancements

The table below provides the UPB of the mortgage loans acquired during the periods presented that were covered by primary mortgage insurance, the UPB of the mortgage loans covered by CRT transactions we entered into during the periods presented, and maximum coverage related to these newly acquired credit enhancements. In recent periods, we have changed our business strategy and revised our CRT transactions by retaining higher levels of initial losses. As a result, the benefits provided by these revised CRT transactions may be lower than