Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 119

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 119
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(1)    Represents the current UPB of the mortgage assets, reference pool, or securitization trust, as applicable.

(2)    For STACR transactions, represents the outstanding balance held by third parties. For ACIS transactions, represents the remaining aggregate limit of insurance purchased from third parties. 

(3)    The credit risk positions to which the maximum coverage applies may vary on a transaction-by-transaction basis.

(4)    Amounts exclude certain loans for which we do not control servicing, as the coverage information for these loans is not readily available to us.

(5)    Other reconciling items primarily include timing differences in reporting cycles between the UPB of certain CRT transactions and the UPB of the underlying loans. 

Credit Enhancement Coverage Characteristics

The table below provides the serious delinquency rates for the credit-enhanced and non-credit-enhanced loans in our Single-Family mortgage portfolio. The credit-enhanced categories are not mutually exclusive as a single loan may be covered by both primary mortgage insurance and other credit enhancements.

Table 18 - Serious Delinquency Rates for Credit-Enhanced and Non-Credit-Enhanced Loans in Our Single-Family Mortgage PortfolioMarch 31, 2025December 31, 2024(% of portfolio based on UPB)(1)% of Portfolio(2)SDQ Rate% of Portfolio(2)SDQ RateCredit-enhanced:   Primary mortgage insurance21 %1.13 %21 %1.12 %   CRT and other55 0.65 54 0.66 Non-credit-enhanced38 0.43 38 0.43 TotalN/A0.59 N/A0.59 

Freddie Mac 1Q 2025 Form 10-Q22

Management's Discussion and AnalysisRisk Management

(1)Excludes loans underlying certain securitization products for which loan-level data is not available.

(2)Percentages do not total to 100% as a single loan may be included in multiple line items.

Credit Enhancement Recoveries   

Our expected recovery receivable from freestanding credit enhancements was $0.1 billion as of both March 31, 2025 and December 31, 2024.

Monitoring Loan Performance and Characteristics 

We review loan performance, including delinquency statistics and related loan characteristics, in conjunction with housing market and economic conditions, to assess credit risk when estimating our allowance for credit