Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 62

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 62
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-enhanced categories are not mutually exclusive as a single loan may be covered by both primary mortgage insurance and other credit enhancements.

Table 20 - Serious Delinquency Rates for Credit-Enhanced and Non-Credit-Enhanced Loans in Our Single-Family Mortgage PortfolioDecember 31, 2024December 31, 2023(% of portfolio based on UPB)(1)% of Portfolio(2)SDQ Rate% of Portfolio(2)SDQ RateCredit-enhanced:   Primary mortgage insurance21 %1.12 %21 %0.95 %   CRT and other54 0.66 55 0.60 Non-credit-enhanced38 0.43 39 0.42 TotalN/A0.59 N/A0.55 

(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.

FREDDIE MAC  |  2024 Form 10-K56

Management's Discussion and AnalysisRisk Management

The table below provides information on the amount of credit enhancement coverage by year of origination associated with loans in our Single-Family mortgage portfolio.

Table 21 - Credit Enhancement Coverage by Year of OriginationDecember 31, 2024December 31, 2023(Dollars in millions)UPB% of UPB with Credit EnhancementUPB% of UPB with Credit EnhancementYear of Loan Origination  2024$309,757 39 %N/AN/A  2023250,712 73 $265,072 42 %  2022399,741 69 433,252 67   2021912,364 64 984,004 64   2020665,137 68 719,822 68   2019 and prior 566,463 53 636,760 53 Total$3,104,174 62 $3,038,910 61 

The following table provides information on the characteristics of the loans in our Single-Family mortgage portfolio without credit enhancement. 

Table 22 - Single-Family Mortgage Portfolio Without Credit Enhancement(1)  December 31, 2024December 31, 2023(Dollars in millions)UPB% of PortfolioUPB% of PortfolioLow original LTV