Freddie Mac 2014 Annual Report Download - page 95

90 Freddie Mac
Table 37 — Freddie Mac Mortgage-Related Securities
December 31, 2014 December 31, 2013
Issued by
Consolidated
Trusts
Issued by
Non-Consolidated
Trusts Total
Issued by
Consolidated
Trusts
Issued by
Non-Consolidated
Trusts Total
(in millions)
PCs and Other Structured Securities:
Single-family:
30-year or more amortizing fixed-rate $ 1,088,340 $ — $ 1,088,340 $ 1,040,602 $ — $ 1,040,602
20-year amortizing fixed-rate 78,603 — 78,603 81,214 — 81,214
15-year amortizing fixed-rate 278,282 — 278,282 291,347 — 291,347
Adjustable-rate(1) 69,683 — 69,683 66,250 — 66,250
Interest-only 23,941 — 23,941 29,083 — 29,083
FHA/VA and other governmental 3,154 — 3,154 3,366 — 3,366
Total single-family 1,542,003 — 1,542,003 1,511,862 — 1,511,862
Multifamily 84 4,846 4,930 — 4,778 4,778
Total single-family and multifamily 1,542,087 4,846 1,546,933 1,511,862 4,778 1,516,640
Other Guarantee Transactions:
Non-HFA bonds:
Single-family(2) 7,030 2,760 9,790 8,396 3,079 11,475
Multifamily 440 75,730 76,170 444 59,326 59,770
Total Non-HFA bonds 7,470 78,490 85,960 8,840 62,405 71,245
HFA Initiative Bonds:
Single-family — 3,040 3,040 — 3,341 3,341
Multifamily — 720 720 — 744 744
Total HFA Initiative Bonds — 3,760 3,760 — 4,085 4,085
Total Other Guarantee Transactions 7,470 82,250 89,720 8,840 66,490 75,330
REMICs and Other Structured Securities
backed by Ginnie Mae certificates — 433 433 — 541 541
Total Freddie Mac Mortgage-Related
Securities $ 1,549,557 $ 87,529 $ 1,637,086 $ 1,520,702 $ 71,809 $ 1,592,511
Less: Repurchased Freddie Mac
Mortgage-Related Securities(3) (109,232) (121,246)
Total UPB of debt securities of
consolidated trusts held by third parties $ 1,440,325 $ 1,399,456
(1) Includes $0.8 billion and $0.9 billion in UPB of option ARM mortgage loans as of December 31, 2014 and 2013, respectively.
(2) Backed by non-agency mortgage-related securities that include prime, FHA/VA, and subprime mortgage loans and also include $4.9 billion and
$5.5 billion in UPB of securities backed by option ARM mortgage loans at December 31, 2014 and 2013, respectively.
(3) Our holdings of non-consolidated Freddie Mac mortgage-related securities are presented in “Table 27 — Characteristics of Mortgage-Related
Securities on Our Consolidated Balance Sheets.”
Excluding Other Guarantee Transactions, the percentage of amortizing fixed-rate single-family loans underlying our
consolidated trust debt securities, based on UPB, was approximately 94% at both December 31, 2014 and 2013. The UPB of
multifamily Other Guarantee Transactions, excluding HFA initiative-related bonds, increased to $76.2 billion as of
December 31, 2014 from $59.8 billion as of December 31, 2013, due to K Certificate issuances.
The table below shows issuances and extinguishments of the debt securities of our consolidated trusts during 2014 and
2013, as well as the debt securities of consolidated trusts held by third parties, based on UPB.
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