Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 286

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 286
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$1,107 $8,985 (1)Includes salaries and employee benefits and professional services, technology, and occupancy.

We measure total assets for our reportable segments based on the mortgage portfolio for each segment. We operate our business in the U.S. and its territories, and accordingly, we generate no revenue from and have no long-lived assets, other than financial instruments, in geographic locations other than the U.S. and its territories.The table below presents total assets for our Single-Family and Multifamily segments.Table 14.2 - Segment Assets (In millions)December 31, 2024December 31, 2023Single-Family$3,104,174 $3,038,910 Multifamily466,635 440,797 Total segment assets3,570,809 3,479,707 Reconciling items(1)(184,117)(198,731)Total assets per consolidated balance sheets$3,386,692 $3,280,976 

(1)Reconciling items include (1) assets in our mortgage portfolio that are not recognized on our consolidated balance sheets and (2) assets recognized on our consolidated balance sheets that are not allocated to the reportable segments. 

FREDDIE MAC  |  2024 Form 10-K192

Financial Statements                                      Notes to Consolidated Financial Statements | Note 15

NOTE 15

Concentration of Credit and Other RisksConcentrations of credit risk may arise when we do business with a number of customers or counterparties that engage in similar activities or have similar economic characteristics that make them vulnerable in similar ways to changes in industry conditions, which could affect their ability to meet their contractual obligations. Concentrations of credit risk may also arise when there are a limited number of counterparties in a certain industry. Based on our assessment of business conditions that could affect our financial results, we have determined that concentrations of credit risk exist among certain borrowers (including geographic concentrations), loan sellers and servicers, credit enhancement providers, and other investment counterparties. In the sections below, we discuss our concentration of credit risk for each of the groups to which we are exposed. For a discussion of our derivative counterparties, as well as related master netting and collateral agreements, see Note 9. For a discussion of securities purchased under agreements to resell and other collateralized arrangements, see Note 10. Single-Family Mortgage PortfolioSingle-family borrowers are