Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 18

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 15
Chunk 18
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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 2Q 20252Q 2024YTD 2025YTD 2024(Dollars in millions)Amount% of TotalAmount% of TotalAmount% of TotalAmount% of Total20- and 30-year, amortizing fixed-rate$84,985 90 %$81,519 96 %$157,757 92 %$140,610 95 %15-year or less, amortizing fixed-rate6,144 7 3,036 3 10,578 6 5,314 4 Adjustable-rate2,474 3 684 1 2,914 2 1,584 1 Total$93,603 100 %$85,239 100 %$171,249 100 %$147,508 100 %Percentage of purchasesDTI ratio > 45%28 %31 %29 %30 %Original LTV ratio > 90%23 26 24 25 Transaction type:Guarantor swap71 65 71 65 Cash window29 35 29 35 Property type:Detached single-family houses and townhouses92 91 92 91 Condominium or co-op8 9 8 9 Occupancy type:Primary residence93 93 93 93 Second home2 2 2 2 Investment property5 5 5 5 Loan purpose:Purchase81 87 80 87 Cash-out refinance8 8 10 8    Other refinance11 5 10 5 

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