{"product_id":"freddiemac-bcg-matrix","title":"Freddie Mac Boston Consulting Group Matrix","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSee the Bigger Picture\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eFreddie Mac’s BCG Matrix snapshot highlights how its core mortgage guarantee and capital markets activities map across growth and market share—revealing potential Stars in credit guarantee demand, Cash Cows in steady secondary market operations, and Question Marks where policy and interest-rate shifts create uncertainty. This preview scratches the surface; purchase the full BCG Matrix for quadrant-by-quadrant placements, data-driven recommendations, and actionable strategy you can use to prioritize capital and risk management.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etars\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMultifamily Affordable Housing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMultifamily Affordable Housing is a BCG Stars: 2025 production jumped 17% YoY to \u0026gt;$77 billion, marking it a high-growth leader in Freddie Mac’s portfolio.\u003c\/p\u003e\n\u003cp\u003eGrowth is driven by a national rental-unit deficit and mission focus: 93% of financed units serve low-to-moderate income families.\u003c\/p\u003e\n\u003cp\u003eAs a primary liquidity provider in a supply-constrained market, Freddie Mac holds a dominant market share, fueling further expansion.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGreen Bond Issuance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFreddie Mac’s Green Mortgage-Backed Securities (MBS) sit in the Stars quadrant, with 2025 Single-Family Green MBS issuance target raised to $30B and eligible-collateral expansion boosting addressable supply by ~45%, tapping a global sustainable-debt market that hit $1.6T in 2024. These products require upfront capital for underwriting, data systems, and marketing but secure first-mover pricing advantages and investor demand that grew 28% YoY through 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCredit Risk Transfer (CRT) Programs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe Single-Family CRT (Credit Risk Transfer) unit—via STACR and ACIS transactions—shifts mortgage credit risk to private investors and sits in Freddie Mac’s Stars quadrant as a high-share, growth-stable business.\u003c\/p\u003e\n\u003cp\u003eIn 2025 the program issued about $5.1 billion of securities, covering roughly $163 billion in unpaid principal balance, and maintained a 62% coverage rate across the portfolio, supporting capital ratios.\u003c\/p\u003e\n\u003cp\u003eHigh investor demand persisted through volatile rates, keeping CRT central to capital management and risk transfer strategy.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFirst-Time Homebuyer Financing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eFirst-Time Homebuyer Financing targets next-gen buyers and made up over 51% of Freddie Mac’s primary residence purchases in 2025, marking it a high-growth segment critical for long-term share gains.\u003c\/p\u003e\n\u003cp\u003eFreddie Mac uses automated underwriting to cut costs and friction, capturing a sizable entry-level market share; these loans need heavy operational support and marketing but align with mission goals and portfolio growth.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2025 share: \u0026gt;51% of primary residence buys\u003c\/li\u003e\n\u003cli\u003eHigher processing cost per loan, offset by scale\u003c\/li\u003e\n\u003cli\u003eAutomated underwriting reduces origination time ~20–30%\u003c\/li\u003e\n\u003cli\u003eKey to long-term portfolio growth and affordable-housing mission\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology-Driven Underwriting Tools\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eFreddie Mac’s automated underwriting tools, now industry standard, cut loan origination costs by about $1,700 per loan and have saved lenders an estimated $2.1 billion annually as of 2025 by automating risk assessment and documentation.\u003c\/p\u003e\n\u003cp\u003eRapid adoption and integration into lender workflows make this a high-growth Stars segment, supporting Freddie Mac’s market position and driving fee and data-licensing revenues that grew ~12% year-over-year in 2024.\u003c\/p\u003e\n\u003cp\u003eOngoing platform investment and API expansion keep Freddie Mac at the tech forefront of the secondary mortgage market, enabling faster turntimes and lower default prediction error rates.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~$1,700 cost savings per loan\u003c\/li\u003e\n\u003cli\u003e~$2.1B annual lender savings (2025 est.)\u003c\/li\u003e\n\u003cli\u003e12% revenue growth in 2024\u003c\/li\u003e\n\u003cli\u003eFaster turntimes, lower default errors\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003e2025 Highlights: Multifamily $77B+, Green MBS $30B, CRT $5.1B, 51% First‑Time Buyers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eStars: Multifamily Affordable (2025 production +17% to \u0026gt;$77B), Green MBS (2025 target $30B; eligible supply +45%), CRT (2025 issuance $5.1B; covers $163B UPB; 62% coverage), First-Time Buyer (\u0026gt;51% of primary buys 2025), Automated underwriting saves ~$1,700\/loan (~$2.1B\/yr).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eProduct\u003c\/th\u003e\n\u003cth\u003e2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMultifamily\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;$77B (+17%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGreen MBS\u003c\/td\u003e\n\u003ctd\u003e$30B target; +45% supply\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCRT\u003c\/td\u003e\n\u003ctd\u003e$5.1B issued; $163B UPB; 62% cov\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFirst-Time\u003c\/td\u003e\n\u003ctd\u003e51%+ buys\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAuto UW\u003c\/td\u003e\n\u003ctd\u003e$1,700\/loan; $2.1B\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eComprehensive BCG Matrix breakdown of Freddie Mac’s business units with strategic actions for Stars, Cash Cows, Question Marks, and Dogs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eOne-page Freddie Mac BCG Matrix placing each business unit in a quadrant for quick strategic clarity\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eash Cows\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConventional Single-Family Guarantees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe core single-family mortgage portfolio reached $3.2 trillion by year-end 2025 and underpins Freddie Mac’s $10.7 billion net income in 2025, making Conventional Single-Family Guarantees the portfolio’s cash cow.\u003c\/p\u003e\n\u003cp\u003eWith a 54 percent GSE market share, mature guarantee fees deliver massive, predictable cash flow; 2025 guarantee fee revenue represented the largest recurring income stream.\u003c\/p\u003e\n\u003cp\u003eBecause the U.S. housing finance market is well-established, sustaining this position needs relatively low incremental investment versus returns, keeping it the bedrock of Freddie Mac’s cash generation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMultifamily K-Deals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Multifamily K-Deal program is a mature securitization vehicle that settled $32.6 billion in 2025, making it the industry standard for multifamily risk transfer and providing steady liquidity.\u003c\/p\u003e\n\u003cp\u003eK-Deals deliver high profit margins with minimal promotional costs—net spreads in 2025 averaged ~45 basis points on primary pools—funding R\u0026amp;D and underwriting for Freddie Mac’s more volatile units.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMortgage-Related Investment Portfolio\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEnding 2025 at approximately $139 billion, Freddie Mac’s Mortgage-Related Investment Portfolio holds agency and non-agency securities that generate steady interest income, contributing roughly $2.1 billion in net interest revenue in 2025.\u003c\/p\u003e\n\u003cp\u003eGrowth is constrained by conservatorship regulatory caps, limiting expansion but preserving capital adequacy and compliance with FHFA limits enacted post-2008.\u003c\/p\u003e\n\u003cp\u003eConcentration on high-quality mortgage assets—GSE MBS and investment-grade private-label securities—delivers predictable cash flow that funds administrative costs and services about $6.5 billion of corporate debt outstanding.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eServicing Fee Income\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eServicing Fee Income: Freddie Mac earns steady revenue from managing a $3.7 trillion mortgage portfolio (2025 estimate), collecting servicing fees that scale with portfolio size and require minimal incremental capital.\u003c\/p\u003e\n\u003cp\u003eThe business is highly efficient via existing infrastructure and long-term servicer relationships, so fees act like a milking cash cow if portfolio remains stable or grows slowly.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2025 portfolio: $3.7 trillion\u003c\/li\u003e\n\u003cli\u003eHigh operating leverage—low marginal cost\u003c\/li\u003e\n\u003cli\u003eStable cash flow with limited capex\u003c\/li\u003e\n\u003cli\u003eDepends on mortgage performance and prepayment rates\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRefinance Activity Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eRefinance Activity Management is a cash cow for Freddie Mac: new business rose 12% in 2025, showing strong volume sensitivity to rate moves and sustained high market share.\u003c\/p\u003e\n\u003cp\u003eEstablished refinance workflows yield low marginal cost and high efficiency, converting rate-driven spikes into steady fee and spread income that cushions riskier segments.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2025 new business +12%\u003c\/li\u003e\n\u003cli\u003eHigh market share in refis\u003c\/li\u003e\n\u003cli\u003eLow marginal cost per loan\u003c\/li\u003e\n\u003cli\u003eProvides cash buffer vs speculative losses\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFreddie Mac’s 2025 Cash Cows: $10.7B Net Income Driven by Guarantees, K‑Deals, Servicing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eConventional Single-Family Guarantees, Multifamily K-Deals, Mortgage-Related Investments, servicing fees, and refinance management generated stable, high-margin cash flow in 2025—core cash cows for Freddie Mac that funded $10.7B net income and covered ~$6.5B corporate debt.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003e2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eSingle-Family Guarantees\u003c\/td\u003e\n\u003ctd\u003e$3.2T portfolio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eK-Deals\u003c\/td\u003e\n\u003ctd\u003e$32.6B settled\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInvestments\u003c\/td\u003e\n\u003ctd\u003e$139B; $2.1B NII\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eServicing\u003c\/td\u003e\n\u003ctd\u003e$3.7T portfolio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRefi New Business\u003c\/td\u003e\n\u003ctd\u003e+12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eDelivered as Shown\u003c\/span\u003e\u003cbr\u003eFreddie Mac BCG Matrix\u003c\/h2\u003e\n\u003cp\u003eThe preview you see on this page is the exact Freddie Mac BCG Matrix document you’ll receive after purchase—no watermarks, no demo pages—just the fully formatted, analysis-ready report designed for strategic clarity and professional presentation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56747821859193,"sku":"freddiemac-bcg-matrix","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/freddiemac-bcg-matrix.png?v=1772201937","url":"https:\/\/growthsharematrix.com\/products\/freddiemac-bcg-matrix","provider":"Growth Share Matrix","version":"1.0","type":"link"}