Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 287

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 287
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 primarily affected by house prices and interest rates, which are influenced by economic factors.  Geographic concentrations may increase the exposure of our portfolio to credit risk, as regional economic conditions may affect a borrower's ability to repay and the underlying property value.

The table below summarizes the concentration by geographic area of our Single-Family mortgage portfolio. See Note 3, Note 4, Note 5, and Note 6 for additional information about credit risk associated with single-family loans that we hold or guarantee.Table 15.1 - Concentration of Credit Risk of Our Single-Family Mortgage PortfolioDecember 31, 2024(Dollars in millions)Portfolio UPB(1)% of PortfolioSDQ RateRegion(2):West$918,364 30 %0.44 %Northeast716,810 23 0.62 Southeast548,723 18 0.73 Southwest466,599 15 0.63 North Central453,343 14 0.58 Total$3,103,839 100 %0.59 State:California                         $514,619 17 %0.43 Texas                              222,952 7 0.72 Florida                            207,881 7 0.94 New York                           135,095 4 0.88 Illinois                           116,005 4 0.72 All other1,907,287 61 0.55 Total$3,103,839 100 %0.59 (1)Excludes UPB of loans underlying certain securitization products for which data was not available. (2)Region designation: West (AK, AS, AZ, CA, GU, HI, ID, MP, MT, NV, OR, UT, WA); Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, U.S. VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI).

Multifamily Mortgage PortfolioNumerous factors affect the credit risk related to multifamily borrowers, including effective rents paid and capitalization rates for the mortgaged property. Effective rents