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Consolidations and Transfers of Financial Assets (Tables)
6 Months Ended
Jun. 30, 2012
Consolidations and Transfers of Financial Assets [Abstract]  
Unconsolidated Variable Interest Entities [Table Text Block]
The following table displays the carrying amount and classification of our assets and liabilities that relate to our involvement with unconsolidated VIEs as of June 30, 2012 and December 31, 2011, as well as our maximum exposure to loss and the total assets of those unconsolidated VIEs.
  
As of June 30, 2012
  
Mortgage-Backed Trusts
 
Asset-Backed Trusts
 
Limited Partnership Investments
  
(Dollars in millions)
 
Assets and liabilities recorded in our condensed consolidated balance sheets:
 
 
 
 
 
  
 
Assets:
 
 
 
 
 
  
 
Available-for-sale securities (1)
$
62,010

 
$

 
 
$

 
Trading securities (1)
23,285

 
537

 
 

 
Other assets
272

 

 
 
116

 
Other liabilities
(1,695
)
 

 
 
(138
)
 
Net carrying amount
$
83,872

 
$
537

 
 
$
(22
)
 
Maximum exposure to loss (1)
$
93,272

 
$
537

 
 
$
109

 
Total assets of unconsolidated VIEs (1)
$
636,023

 
$
78,306

 
 
$
11,336

 
  
 
 
 
 
 
  
 
  
 
 
 
 
 
  
 
  
As of December 31, 2011
  
Mortgage-Backed Trusts
 
Asset-Backed Trusts
 
Limited Partnership Investments
  
(Dollars in millions)
 
Assets and liabilities recorded in our condensed consolidated balance sheets:
 
 
 
 
 
  
 
Assets:
 
 
 
 
 
  
 
Available-for-sale securities (1)
$
69,101

 
$

 
 
$

 
Trading securities (1)
24,292

 
2,111

 
 

 
Other assets
271

 

 
 
145

 
Other liabilities
(1,347
)
 

 
 
(153
)
 
Net carrying amount
$
92,317

 
$
2,111

 
 
$
(8
)
 
Maximum exposure to loss (1)
$
100,146

 
$
2,111

 
 
$
137

 
Total assets of unconsolidated VIEs (1)
$
641,346

 
$
256,845

 
 
$
12,256

 
__________
(1) 
Contains securities recognized in our condensed consolidated balance sheets due to consolidation of certain multi-class resecuritization trusts.
Key Characteristics of the Securities Retained in Unconsolidated Portfolio Securitization Trusts [Table Text Block]
The following table displays some key characteristics of the securities retained in unconsolidated portfolio securitization trusts.
 
Fannie Mae Single-class MBS & Fannie Mae Megas
 
REMICS & SMBS(1)
 
 
(Dollars in millions)
 
As of June 30, 2012
 
 
 
  
 
 
Unpaid principal balance
$
526

 
 
$
10,407

 
 
Fair value
585

 
 
11,679

 
 
Weighted-average coupon
6.21

%
 
5.67

%
 
Weighted-average loan age
5.9

years
 
4.3

years
 
Weighted-average maturity
23.0

years
 
16.1

years
 
 
 
 
 
 
 
 
As of December 31, 2011
 
 
 
 
 
 
Unpaid principal balance
$
588

 
 
$
12,697

 
 
Fair value
654

 
 
14,043

 
 
Weighted-average coupon
6.21

%
 
5.86

%
 
Weighted-average loan age
5.4

years
 
4.5

years
 
Weighted-average maturity
23.5

years
 
18.6

years
 

__________
(1) 
Consists of Real Estate Mortgage Investment Conduits (“REMICs”) and stripped mortgage-backed securities (“SMBS”).
Managed Loans [Table Text Block]
The following table displays the unpaid principal balances of managed loans, including those managed loans that were delinquent as of June 30, 2012 and December 31, 2011.
 
As of
 
June 30, 2012
 
December 31, 2011
 
Unpaid Principal Balance
 
Principal Amount of Delinquent Loans(1)
 
Unpaid Principal Balance
 
Principal Amount of Delinquent Loans(1)
 
 
(Dollars in millions)
 
Loans held for investment:
 
 
 
 
 
  
 
 
 
 
 
 
 
  
 
Of Fannie Mae
 
$
385,172

 
 
 
$
111,800

 
 
 
$
396,276

 
 
 
$
122,392

 
Of consolidated trusts
 
2,586,317

 
 
 
18,793

 
 
 
2,570,339

 
 
 
24,893

 
Loans held for sale
 
453

 
 
 
127

 
 
 
312

 
 
 
57

 
Securitized loans
 
2,196

 
 
 
2

 
 
 
2,273

 
 
 
71

 
Total loans managed
 
$
2,974,138

 
 
 
$
130,722

 
 
 
$
2,969,200

 
 
 
$
147,413

 
__________
(1) 
Represents the unpaid principal balance of loans held for investment, loans held for sale and securitized loans for which we are no longer accruing interest and loans 90 days or more delinquent which are continuing to accrue interest.