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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Mortgage loans $ 16,632 $ 17,946
Investment securities 652 689
Other 308 351
Total interest income 17,592 18,986
Interest expense (14,807) (15,833)
Net interest income 2,785 3,153
Non-interest income (loss)    
Guarantee fee income 377 290
Gain (Loss) on Investments (835) (513)
Other income (loss) 95 (17)
Non-interest income (loss) (363) (240)
Benefit (provision) for credit losses (1,233) 135
Revenues, Net of Interest Expense 2,422 2,913
Non-interest expense    
Salaries and employee benefits (341) (322)
Professional services (76) (105)
Other administrative expense (170) (151)
Total administrative expense (587) (578)
Credit enhancement expense 236 (158)
REO operations expense (85) (33)
Temporary Payroll Tax Cut Continuation Act of 2011 expense (432) (390)
Other expense (103) (124)
Non-interest expense (971) (1,283)
Income (loss) before income tax (expense) benefit 218 1,765
Income tax (expense) benefit (45) (358)
Net income (loss) 173 1,407
Other comprehensive income (loss), net of taxes and reclassification adjustments    
Changes in unrealized gains (losses) related to available-for-sale securities 438 246
Changes in unrealized gains (losses) related to cash flow hedge relationships 13 18
Changes in defined benefit plans (2) (6)
Total other comprehensive income (loss), net of taxes and reclassification adjustments 449 258
Comprehensive income (loss) 622 1,665
Net income (loss) 173 1,407
Undistributed net worth sweep, senior preferred stock dividends, or future increase in senior preferred stock liquidation preference (382) (1,665)
Net income (loss) attributable to common stockholders $ (209) $ (258)
Net income (loss) per common share — basic and diluted $ (0.06) $ (0.08)
Weighted average common shares outstanding (in millions) — basic and diluted 3,234 3,234