Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 78

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 15
Chunk 78
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.65 (1)Represents par value, net of associated discounts or premiums and issuance costs. Includes $0.2 billion and $0.3 billion at June 30, 2025 and December 31, 2024, respectively, of long-term debt that represents the fair value of debt for which the fair value option was elected. Includes hedge-related basis adjustments.(2)Based on carrying amount. Excludes hedge-related basis adjustments.(3)Includes $108.8 billion and $112.6 billion of callable debt as of June 30, 2025 and December 31, 2024, respectively.(4)Includes $1.3 billion of callable debt as of both June 30, 2025 and December 31, 2024.(5)Includes STACR debt notes, SCR debt notes, and IO debt.A portion of our long-term debt is callable. Callable debt gives us the option to redeem the debt security at par on one or more specified call dates or at any time on or after a specified call date.

The table below summarizes contractual maturities of long-term debt securities at June 30, 2025.Table 7.5 - Contractual Maturities of Long-Term Debt(1) (In millions)Par Value2025$34,836 202643,798 202725,410 202816,429 202918,400 Thereafter37,123 Total$175,996 (1)Excludes $0.7 billion of STACR debt notes and $0.1 billion of SCR debt notes. Contractual maturities of these debt securities are not presented because they are subject to prepayment risk, as their payments are based upon the performance of a pool of mortgage assets that may be prepaid by the related mortgage borrowers at any time generally without penalty.

Freddie Mac 2Q 2025 Form 10-Q70

Financial Statements                         Notes to the Condensed Consolidated Financial Statements | Note 8 

NOTE 8

DerivativesWe analyze the interest-rate sensitivity of financial assets and liabilities across a variety of interest-rate scenarios based on market prices, models, and economics. We use derivatives primarily to hedge interest-rate sensitivity mismatches between our financial assets and liabilities. We principally use interest-rate swaps, purchased or written options (including swaptions), and exchange-traded futures in our interest-rate risk management activities. We designate certain derivatives