Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 83

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 15
Chunk 83
---
 while excess cash collateral posted is presented as a derivative asset.

(2)Does not include the fair value amount of non-cash collateral posted or held that exceeds the associated net asset or liability, netted by counterparty, presented on the condensed consolidated balance sheets. 

Gains and Losses on DerivativesThe table below presents the gains and losses on derivatives not designated in qualifying hedge relationships. These amounts are reported on our condensed consolidated statements of income as investment gains, net.Table 8.3 - Gains and Losses on Derivatives (In millions) 3Q 20253Q 2024YTD 2025YTD 2024Interest-rate risk management derivatives:Swaps$108 ($425)($307)($27)Written options127 223 347 174 Purchased options(372)(511)(729)(213)Futures(20)(475)(196)68 Total interest-rate risk management derivatives fair value gains (losses)(157)(1,188)(885)2 Mortgage commitment derivatives(239)(415)(422)(343)CRT-related derivatives(1)10 39 26 47 Other69 194 231 31 Total derivatives not designated as hedges fair value gains (losses)($317)($1,370)($1,050)($263)

(1)Includes derivative instruments related to CRT transactions that are considered freestanding credit enhancements.  

Freddie Mac 3Q 2025 Form 10-Q72

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 8 

Hedge AccountingThe table below presents the effects of fair value hedge accounting by condensed consolidated statements of income line item, including the gains and losses on derivatives and hedged items designated in qualifying hedge relationships and other components due to the application of hedge accounting.Table 8.4 - Gains and Losses on Fair Value Hedges 3Q 20253Q 2024(In millions) Interest Income Interest Expense Interest Income Interest Expense Total amounts of income and expense line items presented in our condensed consolidated statements of income in which the effects of fair value hedges are recorded:$32,975 ($27,520)$29,809 ($24,810)Interest contracts on mortgage loans held-for-investment:Gain (loss) on fair value hedging relationships:Hedged items347 — 2,049 — Derivatives designated as hedging instruments(312)— (