Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 115

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 115
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 of debt of Freddie Mac by contractual maturity date and earliest redemption date. The earliest redemption date refers to the earliest call date for callable debt and the contractual maturity date for all other debt of Freddie Mac.

Table 49 - Maturity and Redemption DatesAs of December 31, 2024As of December 31, 2023(In millions)Contractual Maturity DateEarliest Redemption DateContractual Maturity DateEarliest Redemption DateDebt of Freddie Mac(1):1 year or less$62,951 $138,053 $47,276 $144,232 1 year through 2 years45,007 36,281 61,187 15,249 2 years through 3 years20,068 370 15,645 447 3 years through 4 years8,307 345 12,530 305 4 years through 5 years28,579 2,055 10,947 345 Thereafter21,423 9,231 24,278 11,285 STACR and SCR debt(2)1,324 1,324 2,177 2,177 Total debt of Freddie Mac$187,659 $187,659 $174,040 $174,040 

(1)As of December 31, 2024 and December 31, 2023, excludes $8.2 billion and $10.2 billion, respectively, of payables related to securities sold under agreements to repurchase that we offset against receivables related to securities purchased under agreements to resell on our consolidated balance sheets. 

(2)STACR debt notes and SCR debt notes are subject to prepayment risk as their payments are based upon the performance of a reference pool of mortgage assets that may be prepaid by the related mortgage borrowers at any time generally without penalty and are, therefore, included as a separate category in the table.

Debt of Consolidated Trusts

The largest component of debt on our consolidated balance sheets is debt of consolidated trusts, which relates to securitization transactions that we consolidate for accounting purposes. We primarily issue this type of debt by securitizing mortgage loans to finance our guarantee activities. When we consolidate securitization trusts, we recognize on our consolidated balance sheets the assets held by the trusts, the majority of which are mortgage loans, and the debt issued by the trusts, the majority of which are Level 1 Secur