TABLE 1 - TOTAL MORTGAGE PORTFOLIO

Dec 2017 $46,359 ($3,388) ($30,694) $12,277 $2,094,335 7.1% 17.7%

Full-Year 2017 428,786 (36,202) (309,663) 82,922 2,094,335 4.1% 15.4%

Jan 2018 26,063 (1,418) (24,142) 503 2,094,838 0.3% 13.8%

Feb 23,133 (475) (21,359) 1,299 2,096,137 0.7% 12.2%

Mar 31,185 (4,156) (20,937) 6,092 2,102,229 3.5% 12.0%

Apr 31,753 (1,263) (23,288) 7,202 2,109,431 4.1% 13.3%

May 35,493 (1,215) (23,219) 11,059 2,120,490 6.3% 13.2%

June 35,543 (3,318) (25,167) 7,058 2,127,548 4.0% 14.2%

Jul 32,721 (1,028) (25,405) 6,288 2,133,836 3.5% 14.3%

Aug 38,413 (2,569) (25,059) 10,785 2,144,621 6.1% 14.1%

Sep 31,296 (1,474) (25,560) 4,262 2,148,883 2.4% 14.3%

Oct 33,968 (686) (24,739) 8,543 2,157,426 4.8% 13.8%

Nov 40,878 (4,776) (23,473) 12,629 2,170,055 7.0% 13.1%

Dec 35,155 (2,351) (20,867) 11,937 2,181,992 6.6% 11.5%

YTD 2018 $395,601 ($24,729) ($283,215) $87,657 $2,181,992 4.2% 13.5%

TABLE 2 - MORTGAGE-RELATED INVESTMENTS PORTFOLIO TABLE 3 - MORTGAGE-RELATED INVESTMENTS PORTFOLIO COMPONENTS 

Agency Non-Agency2

Dec 2017 $35,149 ($32,020) ($3,706) $253,455 (2.7%) 17.5% Dec 2017 $135,552 $5,223 $5,509 $107,171 $253,455

Full-Year 2017 280,012 (277,901) (47,081) 253,455 (15.1%) 15.8% Full-Year 2017 135,552 5,223 5,509 107,171 253,455

Jan 2018 18,557 (13,340) (2,800) 255,872 11.4% 13.3% Jan 2018 137,890 5,147 4,376 108,460 255,872

Feb 16,909 (23,657) (2,420) 246,704 (43.0%) 11.3% Feb 131,967 5,119 4,220 105,398 246,704

Mar 22,640 (25,129) (3,232) 240,982 (27.8%) 15.7% Mar 131,587 4,918 3,665 100,812 240,982

Apr 23,455 (21,358) (2,778) 240,302 (3.4%) 13.8% Apr 129,997 4,442 3,574 102,289 240,302

May 26,994 (22,350) (2,832) 242,114 9.0% 14.1% May 130,684 4,356 3,497 103,577 242,114

June 25,603 (27,983) (3,343) 236,391 (28.4%) 16.6% June 129,726 4,463 3,443 98,759 236,391

Jul 24,654 (13,821) (3,087) 244,137 39.3% 15.7% Jul 135,070 4,353 2,913 101,801 244,137

Aug 29,391 (36,095) (2,969) 234,464 (47.5%) 14.6% Aug 126,545 4,173 2,880 100,866 234,464

Sep 23,854 (27,607) (2,907) 227,804 (34.1%) 14.9% Sep 124,062 4,395 2,841 96,505 227,804

Oct 26,630 (22,565) (3,533) 228,336 2.8% 18.6% Oct 124,015 4,277 2,762 97,281 228,336

Nov 28,456 (31,860) (2,971) 221,961 (33.5%) 15.6% Nov 122,404 4,097 2,723 92,737 221,961

Dec 29,506 (31,078) (2,309) 218,080 (21.0%) 12.5% Dec 120,148 3,979 2,335 91,618 218,080

YTD 2018 $296,649 ($296,843) ($35,181) $218,080 (14.0%) 13.9% YTD 2018 $120,148 $3,979 $2,335 $91,618 $218,080

Freddie Mac 

Mortgage-Related 

Securities2

Non-Freddie Mac Mortgage-Related 

Securities

Mortgage 

Loans

Net Increase/ 

(Decrease)

Purchases or 

Issuances Sales Ending Balance2

Annualized Growth 

Rate 

Annualized 

Liquidation 

Rate

Purchases1 Sales Ending Balance

Annualized 

Liquidations Liquidation Rate

Annualized Growth 

Rate

Ending 

Balance

Monthly Volume Summary: December 2018

(unaudited & subject to change)

(dollars in millions)

Liquidations

December 2018 Highlights:

► The total mortgage portfolio increased at an annualized rate of 6.6% in December.

► Single-family refinance-loan purchase and guarantee volume was $5.9 billion in December, representing 28% of 

total single-family mortgage portfolio purchases and issuances. 

► The aggregate unpaid principal balance (UPB) of our mortgage-related investments portfolio decreased by 

approximately $3.9 billion in December.

► Freddie Mac mortgage-related securities and other mortgage-related guarantees increased at an annualized rate 

of 7.9% in December.

► Our single-family seriously delinquent rate decreased from 70 basis points in November to 69 basis points in 

December. Our multifamily delinquency rate remained flat at 1 basis point in December. 

► The measure of our exposure to changes in portfolio market value (PMVS-L) averaged $23 million in December. 

Duration gap averaged 0 months.

► Since September 2008, Freddie Mac has been operating in conservatorship, with the Federal Housing Finance

Agency (FHFA) acting as Conservator. 

Numbers may not sum due to rounding. See Endnotes and Additional Information on Pages 2 and 3. Page 1 of 3
TABLE 4 - FREDDIE MAC MORTGAGE-RELATED SECURITIES AND OTHER MORTGAGE-RELATED GUARANTEES TABLE 5 - OTHER DEBT ACTIVITIES 

Original Maturity < 

1 Year

Annualized Growth 

Rate

Annualized 

Liquidation Rate Ending Balance Issuances

Maturities and 

Redemptions Repurchases

Ending 

Balance

Total Debt 

Outstanding

Dec 2017 $41,940 ($25,858) $16,082 $1,976,424 9.8% 15.8% Dec 2017 $73,184 $3,796 ($10,620) ($147) $243,545 $316,729

Full-Year 2017 416,072 (288,816) 127,256 1,976,424 6.9% 15.6% Full-Year 2017 73,184 83,034 (123,168) (1,546) 243,545 316,729

Jan 2018 23,735 (23,312) 423 1,976,846 0.3% 14.2% Jan 2018 71,745 2,958 (14,078) (209) 232,216 303,960

Feb 25,367 (20,822) 4,545 1,981,390 2.8% 12.6% Feb 63,338 8,355 (6,473) (145) 233,953 297,291

Mar 31,279 (19,853) 11,426 1,992,817 6.9% 12.0% Mar 54,315 2,613 (9,120) (200) 227,246 281,561

Apr 28,834 (22,540) 6,294 1,999,111 3.8% 13.6% Apr 45,089 4,508 (4,193) (441) 227,120 272,209

May 32,283 (22,351) 9,932 2,009,044 6.0% 13.4% May 55,180 2,202 (4,734) (1,026) 223,561 278,741

June 36,068 (24,256) 11,812 2,020,855 7.1% 14.5% June 56,952 6,489 (8,222) - 221,829 278,781

Jul 28,816 (24,931) 3,885 2,024,740 2.3% 14.8% Jul 67,709 2,143 (9,076) - 214,896 282,605

Aug 36,305 (24,371) 11,934 2,036,674 7.1% 14.4% Aug 68,806 4,075 (4,320) - 214,651 283,457

Sep 33,739 (25,312) 8,427 2,045,101 5.0% 14.9% Sep 68,652 2,305 (4,516) - 212,439 281,092

Oct 31,482 (23,519) 7,963 2,053,064 4.7% 13.8% Oct 62,460 1,077 (6,204) - 207,311 269,771

Nov 40,115 (22,722) 17,393 2,070,458 10.2% 13.3% Nov 55,132 875 (2,492) (650) 205,045 260,176

Dec 33,896 (20,348) 13,548 2,084,006 7.9% 11.8% Dec 51,246 2,090 (2,617) (64) 204,454 255,700

YTD 2018 $381,919 ($274,337) $107,582 $2,084,006 5.4% 13.9% YTD 2018 $51,246 $39,690 ($76,045) ($2,735) $204,454 $255,700

TABLE 6 - DELINQUENCIES - TOTAL TABLE 7 - OTHER INVESTMENTS 

Multifamily

Dec 2017 1.16% 1.43% 0.53% 1.08% 0.02% Dec 2017 $68,946 Dec 2017 $14 $17 $4 $7 0 0

Full-Year 2017 68,946 Full-Year 2017 16 -- 7 -- 0 --

Jan 2018 1.18% 1.43% 0.50% 1.07% 0.02% Jan 2018 57,776 Jan 2018 13 -- 5 -- 0 --

Feb 1.17% 1.40% 0.50% 1.06% 0.02% Feb 63,495 Feb 3 -- 7 -- 0 --

Mar 1.07% 1.28% 0.44% 0.97% 0.02% Mar 51,398 Mar 9 8 13 9 0 0

Apr 1.04% 1.22% 0.42% 0.94% 0.01% Apr 43,481 Apr 6 -- 9 -- 0 --

May 0.98% 1.13% 0.39% 0.87% 0.01% May 49,720 May 34 -- 13 -- 0 --

June 0.96% 1.04% 0.33% 0.82% 0.01% June 55,254 June 29 23 14 12 0 0

Jul 0.92% 0.96% 0.32% 0.78% 0.01% Jul 52,729 Jul 26 -- 13 -- 0 --

Aug 0.86% 0.90% 0.31% 0.73% 0.01% Aug 63,186 Aug 18 -- 14 -- 0 --

Sep 0.88% 0.89% 0.30% 0.73% 0.01% Sep 67,516 Sep 9 18 8 12 0 0

Oct 0.85% 0.86% 0.30% 0.71% 0.01% Oct 57,325 Oct 7 -- 13 -- 0 --

Nov 0.86% 0.85% 0.29% 0.70% 0.01% Nov 53,446 Nov 3 -- 8 -- 0 --

Dec 0.83% 0.86% 0.31% 0.69% 0.01% Dec 48,388 Dec 23 11 9 10 0 0

Dec 2018 $48,388 YTD 2018 $15 -- $11 -- 0 --

ENDNOTES

(1)

(2)

Issuances Liquidations

Net Increase/ 

(Decrease)

Ending Balance

Level

Portfolio Market Value-

(PMVS-L) (50 bp)

Portfolio Market ValueDuration Gap

Yield Curve

Quarterly 

Monthly Average Average

Original Maturity > 1 Year

Ending Balance

Quarterly 

Average

(dollars in millions)

Monthly 

Average

(Rounded to Nearest Month)

Quarterly 

Monthly Average Average

(dollars in millions)

Single-Family 

Credit Enhanced

TABLE 8 - INTEREST-RATE RISK SENSITIVITY DISCLOSURES 

(PMVS-YC) (25 bp)

Total

Purchases of Freddie Mac mortgage-related securities into the mortgage-related investments portfolio totaled $5 billion (based on UPB) during December 2018.

Total

Non-Credit 

Enhanced

Primary 

Mortgage 

Insurance Other 

In December 2018, we reclassified certain securities issued by third-party trusts but guaranteed by Freddie Mac from Non-Agency Securities to Freddie Mac Mortgage-Related Securities. Prior periods have been revised to conform to the 

current period presentation.

The Monthly Volume Summary includes volume and statistical data pertaining to our portfolios. Inquiries should be addressed to our Investor Relations Department, which can be reached by calling (571) 382-4732 or writing to:

1551 Park Run Drive, MS D5F,

McLean, VA 22102-3110

or sending an email to shareholder@freddiemac.com.

Numbers may not sum due to rounding. See Additional Information on Page 3. Page 2 of 3
Page 3 of 3

The PMVS and duration gap information presented above does not fully reflect the potential effect of negative index values across all of the company’s floating rate assets and liabilities. However, we have implemented model adjustments to 

incorporate the effect of negative index values for the majority of the company’s floating rate assets and liabilities. These adjustments had a minimal impact on our PMVS and duration gap results. 

Reflects balances of cash and cash equivalents, federal funds sold and securities purchased under agreements to resell, and non-mortgage-related securities. 

Table 1

Table 6

PMVS and Duration Gap are our primary interest-rate risk measures. These measures include the impact of our purchases and sales of derivative instruments, which we use to limit our exposure to changes in interest rates. 

Our PMVS measures are estimates of the amount of average potential pre-tax loss in the market value of our financial assets and liabilities due to parallel (PMVS-L) and non-parallel (PMVS-YC) changes in London Interbank Offered Rates 

(LIBOR). While we believe that our PMVS and duration gap metrics are useful risk management tools, they should be understood as estimates rather than precise measurements. Methodologies employed to calculate interest-rate risk 

sensitivity disclosures are periodically changed on a prospective basis to reflect improvements in the underlying estimation processes.

Presents the ending balances of the mortgage-related investments portfolio's four primary components. 

Freddie Mac mortgage-related securities. Securities we issue or guarantee that are backed by mortgages.

Issuances. Consists of: (a) guaranteed securities issued by Freddie Mac where the underlying collateral are mortgage loans or mortgage-backed securities; and (b) other mortgage-related guarantees, which are mortgage-related assets 

held by third parties for which we provide our guarantee without securitization of those assets. Other mortgage-related guarantees include tax-exempt multifamily housing revenue bonds, HFA bonds, and credit-related commitments with 

respect to single-family mortgage loans. Notional balances of interest-only strips are excluded because this table is based on UPB. Excludes any resecuritization activity involving Freddie Mac mortgage-related securities and guaranteed 

securities issued by Freddie Mac where the transfer of the underlying collateral would be accounted for as a secured borrowing.

Liquidations. Represents principal repayments relating to guaranteed Freddie Mac mortgage-related securities and other mortgage-related guarantees. Also includes our purchases of seriously delinquent, modified and balloon/reset 

mortgage loans out of PC pools.

Primarily includes the balance and activity of our other debt, based on par values. Includes Reference Bills® securities, discount notes, medium-term notes, securities sold under agreements to repurchase and other secured borrowings, 

Reference Notes® securities, Structured Agency Credit Risk (STACR) debt notes, and subordinated debt. For more information about Freddie Mac's debt activity, please visit www.freddiemac.com/debt.

Multifamily Delinquency Rate information is based on the UPB of mortgage loans that are two monthly payments or more past due or in the process of foreclosure, as reported by our servicers. Loans that have been modified (or are 

subject to forbearance agreements) are not counted as delinquent as long as the borrower is less than two monthly payments past due under the modified (or forbearance) terms. 

Single-Family Credit Enhanced Other. Consists of Freddie Mac single-family mortgage loans covered by financial arrangements (other than primary mortgage insurance) that are designed to reduce our credit risk exposure, including 

loans in reference pools covered by STACR debt note transactions as well as other forms of credit protection. STACR debt note transactions transfer a portion of credit risk on certain groups of loans from Freddie Mac to private investors. 

The value of these transactions to us is dependent on various economic scenarios, and we will primarily benefit from these transactions if we experience significant mortgage loan defaults. The credit enhanced categories are not mutually 

exclusive as a single loan may be included in both the Primary Mortgage Insurance category and the Other category.

Mortgage loans that have been modified are not counted as seriously delinquent as long as the borrower is less than three monthly payments past due under the modified terms for single-family, and less than two monthly payments past due for 

multifamily.

Table 4

Table 8

Table 7

Delinquency rates exclude financial guarantees that are backed by either HFA bonds or Ginnie Mae Certificates. For HAMP or non-HAMP modifications, we include loans in a trial period as seriously delinquent until the modification becomes 

effective.

General

ADDITIONAL INFORMATION

Reflects Freddie Mac's single-family and multifamily delinquency rates, which are considered mortgage credit performance metrics. 

Single-Family Serious Delinquency Rate information is based on the number of mortgage loans that are three monthly payments or more past due or in the process of foreclosure.

The activity and balances set forth in Tables 1, 2, 3, 4 and 7 represent unpaid principal balances (UPB), and do not include market valuation adjustments, allowance for loan losses and security impairments, unamortized premiums and 

discounts, and the impact of consolidation of variable interest entities. In addition, all activity and balances in these tables are presented on a settlement date basis (i.e., exclude amounts that are traded but not yet settled).

Represents the sum of Freddie Mac mortgage-related securities and other mortgage-related guarantees (Table 4), mortgage loans (Table 3), non-Freddie Mac mortgage-related securities (agency and non-agency) (Table 3) and $55 million of 

unguaranteed Freddie Mac mortgage-related securities retained by us associated with credit risk transfer transactions.

Purchases or Issuances. Includes cash purchases of single-family and multifamily mortgage loans, issuances of Freddie Mac mortgage-related securities through our guarantor swap program, issuances of other mortgage-related 

guarantees, issuances of other securitization products and purchases of non-Freddie Mac mortgage-related securities. 

Sales. Includes sales of non-Freddie Mac mortgage-related securities, sales of unguaranteed Freddie Mac mortgage-related securities and sales of mortgage loans. 

Represents mortgage loans and mortgage-related securities held by Freddie Mac. Mortgage-related securities balances reflect security balances and not the balance of underlying mortgage loan collateral. 

Purchases. Includes cash purchases of single-family and multifamily mortgage loans, purchases of Freddie Mac and non-Freddie Mac mortgage-related securities from third parties, and additions for seriously delinquent, modified, and 

balloon/reset mortgage loans purchased out of PC pools. 

Sales. Includes sales of Freddie Mac mortgage-related securities (including sales to third parties from the securitization of single-family and multifamily mortgage loans), sales of non-Freddie Mac mortgage-related securities, and sales of 

mortgage loans. 

Liquidations. Represents the total amount of prepayments, curtailments, payoffs, foreclosures, or other repayments of principal on loans and securities.

Table 5

Table 3

Table 2