Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 58

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 15
Chunk 58
---
3 Total Single-Family loan restructurings$7,630 $1,679 $122 $9,431 0.3 1Q 2024(Dollars in millions)Payment Delay(2)Payment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotalTotal as % of Class of Financing Receivable(3)Single-Family:20- and 30-year or more, amortizing fixed-rate$5,461 $1,311 $6 $6,778 0.3 %15-year or less, amortizing fixed-rate222 — — 222 0.1 Adjustable-rate and other57 4 1 62 0.2 Total Single-Family loan restructurings$5,740 $1,315 $7 $7,062 0.2 (1)     Type of loan restructurings reflects the cumulative effects of the loan restructurings received during the period. Includes loan modifications in the period in which the borrower completes the trial period and the loan is permanently modified. The amortized cost basis of loans in the trial period modification plans was $2.9 billion and $2.2 billion as of March 31, 2025 and March 31, 2024, respectively. Most of these loans are 20- and 30-year or more, amortizing fixed-rate loans.(2)    Includes $2.8 billion and $2.6 billion related to payment deferral plans for 1Q 2025 and 1Q 2024, respectively. Also includes forbearance plans, repayment plans, and loan modifications that only involve payment delays.(3)    Based on the amortized cost basis as of period end, divided by the total period-end amortized cost basis of the corresponding financing receivable class of single-family held-for-investment loans.

Freddie Mac 1Q 2025 Form 10-Q56

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 3

The table below shows the financial effect of single-family held-for-investment loan restructurings involving borrowers experiencing financial difficulty that we entered into during the periods presented.Table 3.10 – Financial Effects of Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty(1)1Q 2025(Dollars in