Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 2

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 7
Chunk 2
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Management's Discussion and AnalysisConsolidated Balance Sheets Analysis 

CONSOLIDATED BALANCE SHEETS ANALYSIS

The table below compares our summarized condensed consolidated balance sheets.

Table 7 - Summarized Condensed Consolidated Balance Sheets Change(Dollars in millions)March 31, 2025December 31, 2024$%Assets:Cash and cash equivalents$4,790 $5,534 ($744)(13)%Securities purchased under agreements to resell105,070 100,118 4,952 5 Investment securities, at fair value59,054 55,771 3,283 6 Mortgage loans held-for-sale14,405 15,560 (1,155)(7)Mortgage loans held-for-investment3,186,345 3,172,329 14,016 — Accrued interest receivable11,050 11,029 21 — Deferred tax assets, net4,992 5,018 (26)(1)Other assets23,410 21,333 2,077 10 Total assets$3,409,116 $3,386,692 $22,424 1 %Liabilities and EquityLiabilities:Accrued interest payable$9,756 $9,822 ($66)(1)%Debt3,325,101 3,304,949 20,152 1 Other liabilities11,856 12,346 (490)(4)Total liabilities3,346,713 3,327,117 19,596 1 Total equity62,403 59,575 2,828 5 Total liabilities and equity$3,409,116 $3,386,692 $22,424 1 %

Key Drivers: 

As of March 31, 2025 compared to December 31, 2024: 

n    Investment securities increased primarily due to an increase in purchases of U.S. Treasury securities.

n    Mortgage loans held-for-investment increased primarily due to growth in our Single-Family mortgage portfolio.

n    Debt increased primarily due to an increase in debt of consolidated trusts driven by growth in our Single-Family mortgage portfolio.

Freddie Mac 1Q 2025 Form 10-Q9

Management's Discussion and AnalysisOur Portfolios

OUR PORTFOLIOS

Mortgage Portfolio