Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 59

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 59
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 31,202420232022(Dollars in millions)Amount% of TotalAmount% of TotalAmount% of Total20- and 30-year, amortizing fixed-rate$329,516 95 %$285,854 95 %$489,698 91 %15-year or less, amortizing fixed-rate14,120 4 10,769 4 44,424 8 Adjustable-rate2,772 1 3,263 1 6,503 1 Total$346,408 100 %$299,886 100 %$540,625 100 %Percentage of purchasesDTI ratio > 45%29 %27 %17 %Original LTV ratio > 90%24 26 19 Transaction type:   Guarantor swap66 72 74    Cash window34 28 26 Property type:Detached single-family houses and townhouses91 91 92 Condominium or co-op9 9 8 Occupancy type:Primary residence93 92 90 Second home2 2 3 Investment property5 6 7 Loan purpose:Purchase83 88 63 Cash-out refinance8 8 25 Other refinance9 4 12 

FREDDIE MAC  |  2024 Form 10-K54

Management's Discussion and AnalysisRisk Management

Transferring Credit Risk to Third-Party Investors 

Types of Credit Enhancements

The table below contains a summary of the types of credit enhancements we use to transfer credit risk on our single-family loans. See MD&A - Our Business Segments - Single-Family - Products and Activities for additional information on our credit enhancement activities.

CategoryProductsCRTCoverage TypeAccounting Treatment for Credit EnhancementPrimary mortgage insurancePrimary mortgage insuranceNoFront-endNot FreestandingSTACR  STACR Trust notes YesBack-endFreestandingSTACR debt notesYesBack-endDebtACISACISYesFront-end/Back-endFreestandingOtherSenior subordinate securitizationsYesBack-endDebt/GuaranteeLender risk-sharingYesFront-endFreestandingOther insurance/reinsurance productsYesFront-endFreestanding

Single-Family Mortgage Portfolio Newly Acquired Credit Enhancements 

The table below provides the UPB of the mortgage loans acquired during the periods presented that were covered by primary mortgage insurance, the UPB of the mortgage loans covered