Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 180

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 180
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Freddie Mac 1Q 2025 Form 10-Q73

Financial StatementsNotes to the Condensed Consolidated Financial Statements | Note 12

Multifamily Mortgage PortfolioThe table below summarizes the concentration by geographic area of our Multifamily mortgage portfolio. See Note 2, Note 3, Note 4, and Note 5 for additional information about credit risk associated with multifamily loans that we hold or guarantee.Table 12.2 - Concentration of Credit Risk of Our Multifamily Mortgage Portfolio March 31, 2025(Dollars in millions)Portfolio UPB% of PortfolioDelinquency Rate(1)Region(2)(3):Northeast$116,139 25 %0.80 %West112,509 24 0.20 Southeast95,980 21 0.21 Southwest94,978 20 0.46 North Central46,894 10 0.79 Total$466,500 100 %0.46 State(3):California$60,701 13 %0.31Texas59,796 13 0.55Florida40,615 9 0.23New York37,145 8 1.96Georgia19,655 4 0.08All other248,588 53 0.33Total$466,500 100 %0.46(1)Based on loans two monthly payments or more delinquent or in foreclosure.(2)Region designation: Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); West (AK, AS, AZ, CA, GU, HI, ID, MP,  MT, NV, OR, UT, WA); 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).

(3)Loans collateralized by properties located in multiple regions or states are reported entirely in the region or state with the largest UPB as of origination.

Freddie Mac 1Q 2025 Form 10-Q74

Financial Statements                      Notes to the Condensed Consolidated Financial Statements | Note 13