Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 214

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 214
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— $2,894,614 $10,254 ($14,502)$2,890,366 (1)FV - NI denotes fair value through net income. FV - OCI denotes fair value through other comprehensive income.(2)Excludes allowance for credit losses on off-balance sheet credit exposure.(3)Represents counterparty netting and cash collateral netting, and includes accrued interest receivable and payable.(4)The GAAP carrying amounts measured at lower-of-cost-or-fair-value and FV - NI were $2.4 billion and $3.9 billion as of June 30, 2025, respectively, and $4.2 billion and $11.4 billion as of December 31, 2024, respectively.(5)The GAAP carrying amounts measured at amortized cost and FV - NI were $3.2 trillion and $4.4 billion as of June 30, 2025, respectively, and $3.2 trillion and $2.4 billion as of December 31, 2024, respectively.(6)For other assets, includes advances to lenders, secured lending, and loan commitments. For other liabilities, includes loan commitments.

(7)The GAAP carrying amounts measured at amortized cost and FV - NI were $3.3 trillion and $2.7 billion as of June 30, 2025, respectively, and $3.3 trillion and $2.3 billion as of December 31, 2024, respectively. 

Freddie Mac 2Q 2025 Form 10-Q87

Financial Statements                      Notes to the Condensed Consolidated Financial Statements | Note 13

Fair Value OptionWe elected the fair value option for certain mortgage loans and loan commitments and certain debt issuances.

The table below presents the fair value and UPB related to items for which we have elected the fair value option.Table 13.6 - Difference Between Fair Value and UPB for Certain Financial Instruments with Fair Value Option Elected(1) June 30, 2025December 31, 2024(In millions)Fair ValueUPBDifferenceFair ValueUPBDifferenceMortgage loans held-for-sale$3,867 $3,762 $105 $11,394 $11,470 ($76)Mortgage loans held-for-investment4,424 4,630 (206)