Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 403

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 403
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 is three monthly payments past due, unless the loan is well secured and in the process of collection based upon an individual loan assessment.

n    NYSE - New York Stock Exchange.

n    OAS - Option-adjusted spread - An estimate of the incremental yield spread between a particular financial instrument (e.g., a security, loan, or derivative contract) and a benchmark yield curve (e.g., SOFR, agency, or U.S. Treasury securities). This includes consideration of potential variability in the instrument's cash flows resulting from any options embedded in the instrument, such as prepayment options. When the OAS on a given asset widens, the fair value of that asset will typically decline, all other market factors being equal. The opposite is true when the OAS on a given asset tightens.

n    Optigo® - Freddie Mac's Multifamily lender network and loan offerings.

n    OTC - Over-the-counter.

n    OTCQB - A marketplace, operated by the OTC Markets Group Inc., for OTC-traded U.S. companies that are registered and current in their reporting with the SEC or a U.S. banking or insurance regulator.

FREDDIE MAC  |  2024 Form 10-K274

Glossary

n    PCs - Participation Certificates - Single-class pass-through securities that we issue and guarantee as part of a securitization transaction.

l    Gold PCs - Single-class pass-through securities with a 45-day payment delay that Freddie Mac issued for fixed-rate mortgage loans prior to June 3, 2019. Freddie Mac no longer issues Gold PCs. Existing Gold PCs are eligible for exchange into UMBS (for TBA-eligible securities) or 55-day MBS (for non-TBA-eligible securities).

l    ARM PCs - Single-class pass-through securities with a 75-day payment delay for ARM products. 

n    PCCBA - Prescribed capital conservation buffer amount.

n    Pension Plan - The Federal Home Loan Mortgage Corporation Employees' Pension Plan.

n    PLBA - Prescribed leverage buffer amount.

n    PMIERS - Private Mortgage Insurer Eligibility Requirements - Financial and operational standards that private mortgage insurance companies must meet to be an approved insurer and provide mortgage guaranty insurance on mortgage loans acquired by Freddie Mac.

n    PMMS - Primary Mortgage Market Survey.

n    Primary