Company: FMCCN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001026214-25-000060
Chunk: 134

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 134
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billion and $8.2 billion, respectively, of payables related to securities sold under agreements to repurchase that we offset against receivables related to securities purchased under agreements to resell on our consolidated balance sheets. 

(2)STACR debt notes and SCR debt notes are subject to prepayment risk as their payments are based upon the performance of a reference pool of mortgage assets that may be prepaid by the related mortgage borrowers at any time generally without penalty and are, therefore, included as a separate category in the table.

Debt of Consolidated Trusts

The largest component of debt on our condensed consolidated balance sheets is debt of consolidated trusts, which relates to securitization transactions that we consolidate for accounting purposes. We primarily issue this type of debt by securitizing mortgage loans to finance our guarantee activities. 

The table below shows the issuance and extinguishment activity for the debt of consolidated trusts.

Table 34 - Debt of Consolidated Trusts Activity(In millions)1Q 20251Q 2024Beginning balance$3,085,981 $2,999,893 Issuances120,942 84,873 Repayments and extinguishments(97,496)(75,689)Ending balance3,109,427 3,009,077 Unamortized premiums and discounts35,821 40,961 Debt of consolidated trusts$3,145,248 $3,050,038 

Off-Balance Sheet Arrangements

We enter into certain business arrangements that are not recorded on our condensed consolidated balance sheets or that may be recorded in amounts that differ from the full contractual or notional amount of the transaction that affect our short- and long-term liquidity needs. Our off-balance sheet arrangements primarily consist of guarantees and commitments. Certain of these arrangements present credit risk exposure. See Note 2 and Note 4 for additional information on these transactions. See MD&A - Risk Management - Credit Risk for additional information on our credit risk exposure on off-balance sheet arrangements.

Cash Flows 

Cash and cash equivalents (including restricted cash and cash equivalents) increased from $3.5 billion as of March 31, 2024 to $4.8 billion as of March 31, 2025.

Freddie Mac 1Q 2025 Form 10-Q33

Management's Discussion and AnalysisLiquidity and Capital Resources

Capital Resources

The table below presents activity related to our net worth.     

Table 35 - Net