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

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 9
Chunk 13
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 portfolio includes assets held by both business segments and consists of unsecuritized mortgage loans and mortgage-related securities. We primarily invest in mortgage-related securities that we issue or guarantee, although we may also invest in other agency mortgage-related securities.

The Purchase Agreement limits the size of our mortgage-related investments portfolio to a maximum amount of $225 billion. The calculation of mortgage assets subject to the Purchase Agreement cap includes the UPB of mortgage assets and 10% of the notional value of interest-only securities. We are also subject to additional limitations on the size and composition of our mortgage-related investments portfolio pursuant to FHFA guidance. For additional information on the restrictions on our mortgage-related investments portfolio, see MD&A - Conservatorship and Related Matters. 

FREDDIE MAC  |  2024 Form 10-K21

Management's Discussion and AnalysisOur Portfolios

The table below presents the details of our mortgage-related investments portfolio.

Table 10 - Mortgage-Related Investments Portfolio

December 31, 2024December 31, 2023(In millions)Single-FamilyMultifamilyTotalSingle-FamilyMultifamilyTotalUnsecuritized mortgage loans(1)$45,034$29,980$75,014 $36,740 $21,675 $58,415Mortgage-related securities:Investment securities3,136 4,020 7,156 2,667 4,613 7,280Debt of consolidated trusts18,188 634 18,822 18,639 660 19,299Total mortgage-related securities21,324 4,654 25,978 21,306 5,273 26,579Mortgage-related investments portfolio$66,358 $34,634 $100,992 $58,046 $26,948 $84,994 10% of notional amount of interest-only securities$22,495$22,186Mortgage-related investments portfolio for purposes of Purchase Agreement cap123,487107,180

(1)Includes $30.0 billion and $27.3 billion of single-family loans that we have purchased from securitization trusts as of December 31, 2024 and December 31, 2023, respectively.