Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 79

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 15
Chunk 79
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 NE, NM, OK, TX, WY); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI).

(3)Loans collateralized by properties located in multiple regions or states are reported entirely in the region or state with the largest UPB as of origination.

Freddie Mac 1Q 2025 Form 10-Q74

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

NOTE 13

Fair Value DisclosuresWe use fair value measurements for the initial recording of certain assets and liabilities and periodic remeasurement of certain assets and liabilities on a recurring or non-recurring basis.

Assets and Liabilities Measured at Fair Value on a Recurring BasisThe table below presents our assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis subsequent to initial recognition, including instruments where we have elected the fair value option.Table 13.1 - Assets and Liabilities Measured at Fair Value on a Recurring BasisMarch 31, 2025(In millions)Level 1Level 2Level 3Netting Adjustments(1)TotalAssets:Investment securities:Available-for-sale$— $3,276 $584 $— $3,860 Trading:Mortgage-related securities— 6,255 3,060 — 9,315 Non-mortgage-related securities45,451 428 — — 45,879 Total trading securities45,451 6,683 3,060 — 55,194 Total investment securities45,451 9,959 3,644 — 59,054 Mortgage loans held-for-sale— 10,408 155 — 10,563 Mortgage loans held-for-investment— 1,888 737 — 2,625 Other assets: Guarantee assets— — 5,100 — 5,100  Derivative assets, net6 5,886 70 (5,113)849  Other assets— 40 221 — 261  Total other assets6 5,926 5,391 (5,113)6,210 Total assets carried at fair value on a recurring basis$45,457 $28,181 $9,927 ($5,113)$78,452 Liabilities:Debt