Company: FMCCN
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001026214-25-000086
Chunk: 24

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 15
Chunk 24
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.60 1 1.62 — NM— NM— NM3 1.60 Less than 6203 7.95 1 10.62 — NM— NM— NM4 8.80 Total68 %0.51 23 %0.82 6 %1.003 %0.75 — %NM100 %0.59 

(1)     Excludes loans underlying certain securitization products for which current credit score is not available.

(2)     Current credit score is based on the credit bureau Experian only. 

(3)     Credit scores for certain recently acquired loans may not have been updated by the credit bureau since the loan acquisition and therefore the current credit scores represent the original credit scores.

Geographic Concentrations

We purchase mortgage loans from across the U.S. but do not purchase an equal number of loans from each geographic area, leading to concentrations of credit risk in certain geographic areas. Local economic and other conditions can affect the borrower's ability to repay and the value of the underlying collateral. Property insurance markets in certain geographic areas, including areas with high risk of natural disaster events, have observed increases in property insurance premiums and reduction in the availability of coverage in recent years. In addition, certain states and municipalities have passed or may pass laws that limit our ability to foreclose or evict and make it more difficult and costly to manage our risk.

See Note 12 for more information about the geographic distribution of our Single-Family mortgage portfolio.

Delinquency Rates 

We report Single-Family delinquency rates based on the number of loans in our Single-Family mortgage portfolio that are past due as reported to us by our servicers as a percentage of the total number of loans in our Single-Family mortgage portfolio. 

The chart below presents the delinquency rates of mortgage loans in our Single-Family mortgage portfolio.

The percentage of loans that were one month past due decreased, while the percentage of loans that were two months past due increased, as of June 30, 2025 compared to June 30, 2024. The percentage of loans one month past due can be volatile due to seasonality, whether the last day of the period falls on a weekend, and other factors that may not be indicative of 

Freddie Mac 2Q 2025 Form 10-Q26

Management's Discussion and AnalysisRisk Management