Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 18

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 15
Chunk 18
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ages do not total to 100% as a single loan may be included in multiple line items.

Credit Enhancement Recoveries   

Our expected recovery receivable from freestanding credit enhancements was $0.1 billion as of both March 31, 2025 and December 31, 2024.

Monitoring Loan Performance and Characteristics 

We review loan performance, including delinquency statistics and related loan characteristics, in conjunction with housing market and economic conditions, to assess credit risk when estimating our allowance for credit losses.

Loan Characteristics and Serious Delinquency Rates

The table below contains details of the characteristics and serious delinquency rates of the loans in our Single-Family mortgage portfolio.

Table 19 - Credit Quality Characteristics and Serious Delinquency Rates of Our Single-Family Mortgage Portfolio(1) March 31, 2025(Dollars in millions)UPBOriginal CreditScore(2)Current CreditScore(2)(3)OriginalLTV RatioCurrent LTVRatioSDQ RateSingle-Family mortgage portfolio year of origination:2025$44,125 75775777 %77 %— %2024334,335 75474978 75 0.20 2023243,876 75074879 72 0.78 2022392,146 74674376 64 0.98 2021896,566 75275571 50 0.42 2020 and prior1,204,132 75076073 38 0.64 Total$3,115,180 75175474 52 0.59 

December 31, 2024(Dollars in millions)UPBOriginal CreditScore (2)Current CreditScore(2)(3)OriginalLTV RatioCurrent LTVRatioSDQ RateSingle-Family mortgage portfolio year of origination:2024$309,757 75474978 %76 %0.12 %2023250,712 75174979 72 0.68 2022399,741 74674376 65 0.95 2021912,364 75275671 50 0.42 2020665,137 76176871 43 0.25 2019 and prior566,463 73875275 33 0.91 Total$3,104,174 751 755 74 52 0.59 

(1)Excludes certain