Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 52

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 14
Chunk 52
---
Management's Discussion and AnalysisRisk Management

The tables below present a summary of the changes in our allowance for credit losses and key allowance for credit losses ratios. 

Table 14 - Allowance for Credit Losses Activity

December 31, 2024December 31, 2023December 31, 2022(Dollars in millions) Single-FamilyMultifamilyTotalSingle-FamilyMultifamilyTotalSingle-FamilyMultifamilyTotalAllowance for credit losses:Beginning balance$6,402 $447 $6,849 $7,746 $147 $7,893 $5,440 $78 $5,518 Provision (benefit) for credit losses374 102 476 (1,172)300 (872)1,772 69 1,841   Charge-offs(511)(2)(513)(643)— (643)(505)— (505)  Recoveries collected115 — 115 144 — 144 148 — 148 Net charge-offs(396)(2)(398)(499)— (499)(357)— (357)Other(1)311 1 312 327 — 327 891 — 891 Ending balance$6,691 $548 $7,239 $6,402 $447 $6,849 $7,746 $147 $7,893 Average loans outstanding during the year(2)$3,055,472$66,741$3,122,213 $3,002,523$50,602$3,053,125 $2,929,728 $33,054$2,962,782 Net charge-offs to average loans outstanding0.01 %— %0.01 %0.02 %— %0.02 %0.01 %— %0.01 %Components of ending balance of allowance for credit losses:Mortgage loans held-for-investment$6,381 $393 $6,774 $6,057 $326 $6,383 $7,314 $77 $7,391 Other(3)310 155 465 345 121 466 432 70 502 Total ending balance$6,691 $548 $7,239 $6,402 $447