Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 48

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 15
Chunk 48
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 provides details of the loans on our condensed consolidated balance sheets.Table 3.1 - Mortgage Loans March 31, 2025 December 31, 2024(In millions)Single-FamilyMultifamily TotalSingle-FamilyMultifamily TotalHeld-for-sale UPB$2,544 $12,176 $14,720 $2,984 $13,265 $16,249 Cost basis and fair value adjustments, net(464)149 (315)(586)(103)(689)Total held-for-sale loans, net2,080 12,325 14,405 2,398 13,162 15,560 Held-for-investment UPB3,074,567 90,483 3,165,050 3,063,211 87,416 3,150,627 Cost basis and fair value adjustments, net(1)28,678 (409)28,269 28,926 (450)28,476 Allowance for credit losses(6,543)(431)(6,974)(6,381)(393)(6,774)   Total held-for-investment loans, net(2)3,096,702 89,643 3,186,345 3,085,756 86,573 3,172,329 Total mortgage loans, net$3,098,782 $101,968 $3,200,750 $3,088,154 $99,735 $3,187,889 (1)Includes ($0.4) billion and ($0.7) billion of basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method fair value hedge relationships as of March 31, 2025 and December 31, 2024, respectively. (2)Includes $2.6 billion and $2.4 billion of multifamily held-for-investment loans for which we have elected the fair value option as of March 31, 2025 and December 31, 2024, respectively.

The table below provides details of the UPB of loans we purchased and sold during the periods presented.Table 3.2 - Loans Purchased and Sold(In millions)1Q 20251Q 2024Single-Family:Purchases:  Held-for-investment loans$77,646 $62,269 Sales of held-for-sale loans(1