Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 136

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 136
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 3 17,706 7 8,758 4 Adjustable-rate2,822 3 800 1 5,736 2 2,384 1 Total$99,428 100 %$98,243 100 %$270,677 100 %$245,751 100 %Percentage of purchasesDTI ratio > 45%28 %29 %29 %30 %Original LTV ratio > 90%24 24 24 25 Transaction type:Guarantor swap67 64 70 65 Cash window33 36 30 35 Property type:Detached single-family houses and townhouses93 92 92 91 Condominium or co-op7 8 8 9 Occupancy type:Primary residence94 93 93 93 Second home2 2 2 2 Investment property4 5 5 5 Loan purpose:Purchase82 86 81 86 Cash-out refinance9 8 9 8    Other refinance9 6 10 6 

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 3Q 2025 Form 10-Q22

Management's Discussion and AnalysisRisk Management

Table 16 - Single-Family Mortgage Portfolio Newly Acquired Credit Enhancements3Q 20253Q 2024(In millions)UPB(1)(2)Maximum Coverage(3)(4)UPB(1)(2)Maximum Coverage(3)(4)Primary mortgage insurance$38,580 $10,080 $37,774 $9,961 CRT transactions:ST