Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 158

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 158
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 Buffer(1))Available Capital (Deficit)Capital ShortfallRisk-based capital amounts:Total capital$89 N/A$89 ($6)($95)CET1 capital50 $57 107 (32)(139)Tier 1 capital67 57 124 (18)(142)Adjusted total capital89 57 146 (18)(164)Risk-based capital ratios(2):Total capital8.0 %N/A8.0 %(0.5)%(8.5)%CET1 capital4.5 5.1 %9.6 (2.9)(12.5)Tier 1 capital6.0 5.1 11.1 (1.6)(12.7)Adjusted total capital8.0 5.1 13.1 (1.6)(14.7)Leverage capital amounts:Core capital$95 N/A$95 ($13)($108)Tier 1 capital95 $14 109 (18)(127)Leverage capital ratios(3):Core capital2.5 %N/A2.5 %(0.3)%(2.8)%Tier 1 capital2.5 0.4 %2.9 (0.5)(3.4)

(1)PCCBA for risk-based capital and PLBA for leverage capital.

(2)As a percentage of RWA.

(3)As a percentage of ATA.

At September 30, 2025, our maximum payout ratio under the ERCF was 0.0%.

See Note 15 for additional information on our capital amounts and ratios under the ERCF. 

Freddie Mac 3Q 2025 Form 10-Q39

Management's Discussion and AnalysisCritical Accounting Estimates

CRITICAL ACCOUNTING ESTIMATES

Our critical accounting estimates and policies relate to the Single-Family allowance for credit losses. For additional information about our critical accounting estimates and significant accounting policies, see Note 1 and MD&A - Critical Accounting Estimates in our 2024 Annual Report. 

Single-Family Allowance for Credit Losses

The Single-Family allowance for credit losses represents our estimate of expected credit losses over the contractual term of the mortgage loans. The Single-Family allowance for credit losses pertains to all single-family loans classified as held-for-investment on our condensed consolidated balance sheets.

Determining the appropriateness of the Single-Family allowance for