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Federal Home Loan Mortgage (Federal Home Loan Mortgage) Credit Losses Provision : $-872 Mil (As of Dec. 2023)


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What is Federal Home Loan Mortgage Credit Losses Provision?

Federal Home Loan Mortgage's credit losses provision for the three months ended in Dec. 2023 was $-467 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-872 Mil.

Federal Home Loan Mortgage's quarterly credit losses provision increased from Jun. 2023 ($-537 Mil) to Sep. 2023 ($-263 Mil) but then declined from Sep. 2023 ($-263 Mil) to Dec. 2023 ($-467 Mil).

Federal Home Loan Mortgage's annual credit losses provision increased from Dec. 2021 ($-1,041 Mil) to Dec. 2022 ($1,841 Mil) but then declined from Dec. 2022 ($1,841 Mil) to Dec. 2023 ($-872 Mil).

Federal Home Loan Mortgage Credit Losses Provision Historical Data

The historical data trend for Federal Home Loan Mortgage's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Federal Home Loan Mortgage Credit Losses Provision Chart

Federal Home Loan Mortgage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only -746.00 1,452.00 -1,041.00 1,841.00 -872.00

Federal Home Loan Mortgage Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Credit Losses Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 575.00 395.00 -537.00 -263.00 -467.00

Federal Home Loan Mortgage Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-872 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Federal Home Loan Mortgage (Federal Home Loan Mortgage) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Federal Home Loan Mortgage Corp (OTCPK:FMCC) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
FREJP.PFD:USA FREJO.PFD:USA FREJN.PFD:USA FREGP.PFD:USA FMCKP.PFD:USA FMCKO.PFD:USA FMCKN.PFD:USA FMCKM.PFD:USA FMCKL.PFD:USA FMCKK.PFD:USA FMCKJ.PFD:USA FMCKI.PFD:USA FMCCT.PFD:USA FMCCS.PFD:USA FMCCP.PFD:USA FMCCO.PFD:USA FMCCN.PFD:USA FMCCM.PFD:USA FMCCL.PFD:USA FMCCK.PFD:USA FMCCJ.PFD:USA FMCCI.PFD:USA FMCCH.PFD:USA FMCCG.PFD:USA FHL:Germany
Address
8200 Jones Branch Drive, McLean, VA, USA, 22102-3110
Website
https://www.freddiemac.com
Federal Home Loan Mortgage Corp is a US based government-sponsored enterprise. The company invests in mortgage loans and mortgage-related securities. It operates in the following segments: Single-family, Multifamily. The company is engaged in originating, purchase, and guarantee single-family loans originated by its seller. It provides a guarantee and security for the payment of principal and interest on the mortgage-related securities in exchange for management and guarantee fees. The company purchases multifamily loans for aggregation and then securitization through the issuance of multifamily K Certificates as well as issues and guarantees other securitization products. Majority of the revenue is earned from single family.
Executives
Sonu Mittal officer: SVP-Single-Family Acquisitions 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Ravi Shankar officer: SVP- SF Portfolio & Servicing 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Kevin Palmer officer: SVP-Multifamily 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Heidi Mason officer: EVP & General Counsel 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Kevin Gerald Chavers director C/O CHIMERA INVESTMENT CORPORATION, 520 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Luke S Hayden director 3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054
Alberto G. Musalem director 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Michael J Devito officer: Chief Executive Officer 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
John Glessner officer: SVP-Investments & Capital Mkts 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Allan P Merrill director BEAZER HOMES, 1000 ABERNATHY RD, SUITE 1200, ATLANTA GA 30328
Paul T. Schumacher director 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Christian M. Lown officer: EVP & Chief Financial Officer 123 S. JUSTISON STREET, WILMINGTON DE 19801
Mark B Grier director C/O PRUDENTIAL FINANCIAL INC, 751 BROAD ST. 4TH FL., NEWARK NJ 01702
Mark H. Bloom director 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Donna M Corley officer: SVP&Int Head of Single Family 8200 JONES BRANCH DRIVE, MCLEAN VA 22102