Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 133

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 133
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-year, amortizing fixed-rate$84,985 90 %$81,519 96 %$157,757 92 %$140,610 95 %15-year or less, amortizing fixed-rate6,144 7 3,036 3 10,578 6 5,314 4 Adjustable-rate2,474 3 684 1 2,914 2 1,584 1 Total$93,603 100 %$85,239 100 %$171,249 100 %$147,508 100 %Percentage of purchasesDTI ratio > 45%28 %31 %29 %30 %Original LTV ratio > 90%23 26 24 25 Transaction type:Guarantor swap71 65 71 65 Cash window29 35 29 35 Property type:Detached single-family houses and townhouses92 91 92 91 Condominium or co-op8 9 8 9 Occupancy type:Primary residence93 93 93 93 Second home2 2 2 2 Investment property5 5 5 5 Loan purpose:Purchase81 87 80 87 Cash-out refinance8 8 10 8    Other refinance11 5 10 5 

Transferring Credit Risk to Third-Party Investors 

We engage in various credit enhancement arrangements to reduce our credit risk exposure on our single-family loans. 

Single-Family Mortgage Portfolio Newly Acquired Credit Enhancements

The table below provides the UPB of the mortgage loans acquired during the periods presented that were covered by primary mortgage insurance, the UPB of the mortgage loans covered by CRT transactions we entered into during the periods presented, and maximum coverage related to these newly acquired credit enhancements. In recent periods, we have changed our business strategy and revised our CRT transactions by retaining higher levels of initial losses. As a result, the benefits provided by these revised CRT transactions may be lower than those provided by the earlier CRT transactions even if the maximum coverage provided by the more recent CRT transactions is similar to that provided by the earlier CRT transactions.

Freddie Mac 2Q 2025 Form 10-Q22

Management's Discussion and AnalysisRisk Management

Table 16 - Single-Family Mortgage Portfolio Newly Acquired Credit Enhancements2Q 20252Q 2024(In millions