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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Mortgage loans $ 14,134 $ 16,428 $ 45,792 $ 51,732
Investment securities 659 686 1,948 2,059
Other 56 426 417 1,197
Total interest income 14,849 17,540 48,157 54,988
Interest expense (11,392) (15,130) (39,039) (46,498)
Net interest income 3,457 2,410 9,118 8,490
Non-interest income (loss)        
Guarantee fee income 315 280 1,161 850
Gain (Loss) on Investments 1,122 568 957 (83)
Other income (loss) 172 121 401 247
Non-interest income (loss) 1,609 969 2,519 1,014
Benefit (provision) for credit losses (327) 179 (2,265) 474
Revenues, Net of Interest Expense 5,066 3,379 11,637 9,504
Non-interest expense        
Salaries and employee benefits (334) (333) (1,002) (983)
Professional services (105) (115) (269) (342)
Other administrative expense (202) (172) (558) (492)
Total administrative expense (641) (620) (1,829) (1,817)
Credit enhancement expense (267) (197) (731) (536)
Recoveries 20 0 708 42
REO operations expense (40) (58) (139) (172)
Temporary Payroll Tax Cut Continuation Act of 2011 expense (467) (408) (1,341) (1,197)
Other expense (237) (139) (480) (499)
Non-interest expense (1,632) (1,422) (3,812) (4,179)
Income (loss) before income tax (expense) benefit 3,107 2,136 5,560 5,799
Income tax (expense) benefit (644) (427) (1,147) (1,177)
Net income (loss) 2,463 1,709 4,413 4,622
Other comprehensive income (loss), net of taxes and reclassification adjustments        
Changes in unrealized gains (losses) related to available-for-sale securities (16) 124 576 674
Changes in unrealized gains (losses) related to cash flow hedge relationships 6 19 30 57
Changes in defined benefit plans (4) (4) (10) (14)
Total other comprehensive income (loss), net of taxes and reclassification adjustments (14) 139 596 717
Comprehensive income (loss) 2,449 1,848 5,009 5,339
Net income (loss) 2,463 1,709 4,413 4,622
Undistributed net worth sweep, senior preferred stock dividends, or future increase in senior preferred stock liquidation preference (2,449) (1,848) (4,769) (5,339)
Net income (loss) attributable to common stockholders $ 14 $ (139) $ (356) $ (717)
Net income (loss) per common share — basic and diluted $ 0 $ (0.04) $ (0.11) $ (0.22)
Weighted average common shares outstanding (in millions) — basic and diluted 3,234 3,234 3,234 3,234