Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 70

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 70
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 for additional information on the payment status of our single-family mortgage loans.

The longer a loan remains delinquent, the greater the associated costs we incur. Loans that remain delinquent for more than one year, and are not in active forbearance plans, are more challenging to resolve as many of these borrowers may not be in contact with the servicer, may not be eligible for loan modifications, or may determine that it is not economically beneficial for them to enter into a loan modification due to the amount of costs incurred on their behalf while the loan was delinquent. The table below presents the length of time loans in our Single-Family mortgage portfolio have been seriously delinquent. 

Table 26 - Seriously Delinquent Single-Family Loans December 31, 2024December 31, 2023(Dollars in millions)UPBLoan Count% of Total(1)UPBLoan Count% of Total(1)<= 1 year$14,885 67,264 82 %$12,31857,939 77 %> 1 year and <= 2 years2,136 10,250 12 1,805 9,548 13 > 2 years and <= 4 years558 2,970 4 952 5,178 7 > 4 years417 1,861 2 441 2,088 3 Total$17,996 82,345 100 %$15,516 74,753 100 %

(1)Based on loan count.

See Note 4 for additional information on the payment status of our single-family mortgage loans. 

Engaging in Loss Mitigation Activities           

We offer a variety of borrower assistance programs, including refinance programs and loan workout activities for eligible borrowers. For purposes of the disclosure below related to loss mitigation activities, we generally exclude loans for which we do not control servicing. See MD&A - Our Business Segments - Single-Family and Note 4 for additional information on our loss mitigation activities.

FREDDIE MAC  |  2024 Form 10-K62

Management's Discussion and AnalysisRisk Management

Relief Refinance Program

The following table includes information about the performance of our relief refinance mortgage portfolio.

Table 27 - Single-Family Relief Refinance LoansDecember 31, 2024December 31, 2023(Dollars in millions)UPBLoan CountSDQ RateUPBLoan Count