Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 288

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 288
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 paid vary among geographic regions of the United States. Geographic concentrations may increase the exposure of our portfolio to credit risk, as regional economic conditions may affect a multifamily borrower's ability to repay and the underlying property value. The average UPB for multifamily loans is significantly larger than for single-family loans and, therefore, individual defaults for multifamily borrowers can result in more significant losses. 

FREDDIE MAC  |  2024 Form 10-K193

Financial Statements                                      Notes to Consolidated Financial Statements | Note 15

The table below summarizes the concentration by geographic area of our Multifamily mortgage portfolio.Table 15.2 - Concentration of Credit Risk of Our Multifamily Mortgage Portfolio December 31, 2024(Dollars in millions)Portfolio UPB% of PortfolioDelinquency Rate(1)Region(2)(3):Northeast$114,639 25 %0.73 %West113,427 24 0.16 Southwest95,989 21 0.39 Southeast95,681 20 0.17 North Central46,899 10 0.67 Total$466,635 100 %0.40 State(3):California$60,980 13 %0.23 Texas60,505 13 0.45 Florida40,332 9 0.14 New York36,818 8 1.79 Georgia19,752 4 0.08 All other248,248 53 0.29 Total$466,635 100 %0.40 (1)Based on loans two monthly payments or more delinquent or in foreclosure.(2)Region designation: Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); West (AK, AS, AZ, CA, GU, HI, ID, MP, MT, NV, OR, UT, WA); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, U.S. VI); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI).(3)Loans collateralized by properties located in multiple regions or states are reported entirely in the