Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 246

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 246
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 for credit losses on off-balance sheet credit exposures. See Note 6 for additional information on our allowance for credit losses on off-balance sheet credit exposures.(2)    Maximum exposure is based on remaining UPB of the guaranteed securities issued by the VIE. (3)    Includes UPB of $0.7 billion and $0.3 billion as of December 31, 2024 and December 31, 2023, respectively, related to VIEs in which our interest would no longer absorb significant variability as the guaranteed securities have completely paid off. In addition, includes guarantees that are accounted for as derivatives with UPB of $2.0 billion and $2.1 billion as of December 31, 2024 and December 31, 2023, respectively.(4)    Excludes less than $0.1 billion and $0.1 billion as of December 31, 2024 and December 31, 2023, respectively, of Fannie Mae securities that we have guaranteed that are included in resecuritization trusts that we have consolidated as we own all of the outstanding securities issued by the VIE.

FREDDIE MAC  |  2024 Form 10-K163

Financial StatementsNotes to Consolidated Financial Statements | Note 5

The table below presents the payment status of the mortgage loans underlying our mortgage-related guarantees.Table 5.2 – UPB of Loans Underlying Our Mortgage-Related Guarantees by Payment StatusDecember 31, 2024(In millions)CurrentOneMonthPast DueTwoMonthsPast DueThree Months orMore Past Due,or in ForeclosureTotalSingle-Family$33,454 $2,183 $852 $1,490 $37,979 Multifamily363,983 335 117 1,519 365,954 Total$397,437 $2,518 $969 $3,009 $403,933 December 31, 2023(In millions)CurrentOneMonthPast DueTwoMonthsPast DueThree Months orMore Past Due,or in ForeclosureTotalSingle-Family$34,524 $2,172 $827 $1,458 $38,981 Multifamily369,785 850 98 956 371,689 Total$404,309 $3,022 $