Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 198

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 4
Chunk 198
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The table below presents the components of non-interest income.

Table 4 - Components of Non-Interest IncomeChange(Dollars in millions)1Q 20251Q 2024$%Guarantee income$440 $496 ($56)(11)%Investment gains, net192 405 (213)(53)Other income118 97 21 22 Non-interest income$750 $998 ($248)(25)%

Key Drivers: 

n    Guarantee income 

l    1Q 2025 vs. 1Q 2024 - Decreased primarily due to lower fair value gains from prepayment rates, partially offset by fair value gains attributable to declines in medium-term interest rates during 1Q 2025.

n    Investment gains, net 

l    1Q 2025 vs. 1Q 2024 - Decreased primarily due to lower revenues from held-for-sale loan purchase and securitization activities, coupled with impacts from interest-rate risk management activities.

Freddie Mac 1Q 2025 Form 10-Q7

Management's Discussion and AnalysisConsolidated Results of Operations

(Provision) Benefit for Credit Losses

The table below presents the components of provision for credit losses.