Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Table - Segment Earnings and Reconciliation to GAAP Financial Statements

The table below presents the financial results for our Single-Family and Multifamily segments.

Table 14.1 - Segment Financial Results

	Year Ended December 31, 2025
	Single-Family	Multifamily	Total
(In millions)
Net interest income
Interest income	$123,670	$6,150	$129,820
Interest expense	(103,892)	(4,525)	(108,417)
Net interest income	19,778	1,625	21,403
Non-interest income
Guarantee income	100	1,492	1,592
Investment gains (losses), net	(317)	108	(209)
Other income	298	187	485
Non-interest income	81	1,787	1,868
Net revenues	19,859	3,412	23,271
(Provision) benefit for credit losses	(758)	(532)	(1,290)
Non-interest expense
Administrative expense(1)	(2,219)	(667)	(2,886)
Credit enhancement expense	(1,882)	(200)	(2,082)
Legislative and regulatory assessments	(3,264)	(59)	(3,323)
Other expense	(284)	(45)	(329)
Non-interest expense	(7,649)	(971)	(8,620)
Income before income tax expense	11,452	1,909	13,361
Income tax expense	(2,254)	(376)	(2,630)
Net income	9,198	1,533	10,731
Other comprehensive income (loss), net of taxes and reclassification adjustments	22	56	78
Comprehensive income	$9,220	$1,589	$10,809

	Year Ended December 31, 2024
	Single-Family	Multifamily	Total
(In millions)
Net interest income
Interest income	$113,681	$4,196	$117,877
Interest expense	(95,168)	(2,972)	(98,140)
Net interest income	18,513	1,224	19,737
Non-interest income
Guarantee income	83	1,528	1,611
Investment gains (losses), net	939	1,137	2,076
Other income	284	204	488
Non-interest income	1,306	2,869	4,175
Net revenues	19,819	4,093	23,912
(Provision) benefit for credit losses	(374)	(102)	(476)
Non-interest expense
Administrative expense(1)	(2,225)	(618)	(2,843)
Credit enhancement expense	(2,174)	(171)	(2,345)
Legislative and regulatory assessments	(3,178)	(55)	(3,233)
Other expense	(206)	(31)	(237)
Non-interest expense	(7,783)	(875)	(8,658)
Income before income tax expense	11,662	3,116	14,778
Income tax expense	(2,305)	(615)	(2,920)
Net income	9,357	2,501	11,858
Other comprehensive income (loss), net of taxes and reclassification adjustments	(1)	(4)	(5)
Comprehensive income	$9,356	$2,497	$11,853

	Year Ended December 31, 2023
	Single-Family	Multifamily	Total
(In millions)
Net interest income
Interest income	$102,174	$3,189	$105,363
Interest expense	(84,517)	(2,304)	(86,821)
Net interest income	17,657	885	18,542
Non-interest income
Guarantee income	103	1,512	1,615
Investment gains (losses), net	296	411	707
Other income	211	154	365
Non-interest income	610	2,077	2,687
Net revenues	18,267	2,962	21,229
(Provision) benefit for credit losses	1,172	(300)	872
Non-interest expense
Administrative expense(1)	(2,214)	(581)	(2,795)
Credit enhancement expense	(2,223)	(116)	(2,339)
Legislative and regulatory assessments	(3,085)	(46)	(3,131)
Other expense	(596)	(41)	(637)
Non-interest expense	(8,118)	(784)	(8,902)
Income before income tax expense	11,321	1,878	13,199
Income tax expense	(2,282)	(379)	(2,661)
Net income	9,039	1,499	10,538
Other comprehensive income (loss), net of taxes and reclassification adjustments	10	156	166
Comprehensive income	$9,049	$1,655	$10,704

(1)Includes salaries and employee benefits and professional services, technology, and occupancy.

Table - Reconciliation of Assets from Segment to Consolidated

The table below presents total assets for our Single-Family and Multifamily segments.

Table 14.2 - Segment Assets

(In millions)	December 31, 2025	December 31, 2024
Single-Family	$3,156,290	$3,104,174
Multifamily	495,835	466,635
Total segment assets	3,652,125	3,570,809
Reconciling items(1)	(154,527)	(184,117)
Total assets per consolidated balance sheets	$3,497,598	$3,386,692

(1)Reconciling items include (1) assets in our mortgage portfolio that are not recognized on our consolidated balance sheets and (2) assets recognized on our consolidated balance sheets that are not allocated to the reportable segments.