Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 245

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 245
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 us to incremental credit risk. We do not 

FREDDIE MAC  |  2024 Form 10-K162

Financial StatementsNotes to Consolidated Financial Statements | Note 5

believe the potential amount of future payments we could be required to make is representative of the actual payments we will be required to make or the actual loss we are likely to incur, based on our historical loss experience and after consideration of proceeds from related collateral liquidation, including possible recoveries under credit enhancements.Table 5.1 - Financial GuaranteesDecember 31, 2024(Dollars in millions, terms in years)UPBMaximum ExposureRecognized Liability(1)Maximum Remaining TermSingle-Family mortgage-related guarantees:Nonconsolidated securitization products(2)$30,038 $24,470 $413 39Other mortgage-related guarantees7,941 7,941 127 27Total Single-Family mortgage-related guarantees37,979 32,411 540 Multifamily mortgage-related guarantees:Nonconsolidated securitization products(2)(3)$355,108 $317,611 $4,219 35Other mortgage-related guarantees10,846 10,831 364 34Total Multifamily mortgage-related guarantees365,954 328,442 4,583 Guarantees of Fannie Mae securities(4)$104,120 $104,120 $— 37Other79 472 — 30December 31, 2023(Dollars in millions, terms in years)UPBMaximum ExposureRecognized Liability(1)Maximum Remaining TermSingle-Family mortgage-related guarantees:Nonconsolidated securitization products(2)$30,289 $24,600 $382 40Other mortgage-related guarantees8,692 8,692 161 28Total Single-Family mortgage-related guarantees38,981 33,292 543 Multifamily mortgage-related guarantees:Nonconsolidated securitization products(2)(3)$360,928 $321,262 $4,577 36Other mortgage-related guarantees10,761 10,761 383 35Total Multifamily mortgage-related guarantees371,689 332,023 4,960 Guarantees of Fannie Mae securities(4)$110,320 $110,320 $— 38Other117 468 — 30(1)    Excludes allowance