Company: FMCCN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001026214-25-000116
Chunk: 1

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 6
Chunk 1
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Table 6 - Components of Non-Interest Expense ChangeChange(Dollars in millions)3Q 20253Q 2024$%YTD 2025YTD 2024$%Salaries and employee benefits($423)($424)$1 — %($1,299)($1,265)($34)(3)%Professional services, technology, and occupancy(293)(289)(4)(1)(841)(829)(12)(1)Credit enhancement expense(489)(616)127 21 (1,540)(1,801)261 14 Legislative and regulatory assessments:Legislated guarantee fees expense(750)(732)(18)(2)(2,240)(2,184)(56)(3)Affordable housing funds allocation(53)(48)(5)(10)(134)(118)(16)(14)Regulatory assessment(36)(34)(2)(6)(107)(101)(6)(6)Total legislative and regulatory assessments(839)(814)(25)(3)(2,481)(2,403)(78)(3)Other expense(72)(40)(32)(80)(201)(141)(60)(43)Non-interest expense($2,116)($2,183)$67 3 %($6,362)($6,439)$77 1 %

Key Drivers: 

n    Credit enhancement expense 

l    3Q 2025 vs. 3Q 2024 and YTD 2025 vs. YTD 2024 - Decreased primarily due to a lower volume of outstanding CRT transactions in Single-Family and lower losses on STACR Trust note repurchases. 

Freddie Mac 3Q 2025 Form 10-Q9