Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 155

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 155
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 type of debt by securitizing mortgage loans to finance our guarantee activities. 

Freddie Mac 3Q 2025 Form 10-Q35

Management's Discussion and AnalysisLiquidity and Capital Resources 

The table below shows the issuance and extinguishment activity for the debt of consolidated trusts.

Table 34 - Debt of Consolidated Trusts Activity(In millions)3Q 20253Q 2024YTD 2025YTD 2024Beginning balance$3,120,601 $3,026,859 $3,085,981 $2,999,893 Issuances142,389 131,023 393,059 330,318 Repayments and extinguishments(122,482)(105,257)(338,532)(277,586)Ending balance3,140,508 3,052,625 3,140,508 3,052,625 Unamortized premiums and discounts34,956 39,515 34,956 39,515 Debt of consolidated trusts$3,175,464 $3,092,140 $3,175,464 $3,092,140 

Off-Balance Sheet Arrangements

We enter into certain business arrangements that are not recorded on our condensed consolidated balance sheets or that may be recorded in amounts that differ from the full contractual or notional amount of the transaction that affect our short- and long-term liquidity needs. Our off-balance sheet arrangements primarily consist of guarantees and commitments. Certain of these arrangements present credit risk exposure. See Note 2 and Note 4 for additional information on these transactions. See MD&A - Risk Management - Credit Risk for additional information on our credit risk exposure on off-balance sheet arrangements.

Cash Flows

Cash and cash equivalents (including restricted cash and cash equivalents) decreased from $4.9 billion as of September 30, 2024 to $4.6 billion as of September 30, 2025.

Freddie Mac 3Q 2025 Form 10-Q36

Management's Discussion and AnalysisLiquidity and Capital Resources

Capital Resources

The table below presents activity related to our net worth.

Table 35 - Net Worth Activity(In millions)3Q 20253Q 2024YTD 2025YTD 2024Beginning balance$64,811 $53,223 $59,575 $47,722 Comprehensive income2,789 3