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Segment Reporting (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Segment Reporting Information [Line Items]        
Net interest (loss) income $ 5,428 $ 4,972 $ 10,625 $ 9,932
Benefit (provision) for credit losses 3,041 (6,537) [1] 1,041 (17,091) [1]
Net interest income (loss) after benefit (provision) for credit losses 8,469 (1,565) 11,666 (7,159)
Guaranty fee income (expense) 58 [2] 50 [2] 120 [2] 100 [2]
Investment gains (losses), net 131 171 247 246
Net other-than-temporary impairments (599) (56) (663) (100)
Fair value gains (losses), net (2,449) (1,634) (2,166) (1,345)
Debt extinguishment (losses) gains, net (93) (43) (127) (30)
Gains from partnership investments 23 [3] 35 [3] 33 [3] 23 [3]
Fee and other income (expense) 337 215 650 402
Administrative expenses (567) (569) (1,131) (1,174)
Foreclosed property income (expense) 70 478 (269) (10)
Other (expenses) income (261) (67) (523) (407)
(Loss) income before federal income taxes 5,119 (2,985) 7,837 (9,454)
Benefit (provision) for federal income taxes 0 93 0 91
Net income (loss) 5,119 (2,892) 7,837 (9,363)
Less: Net (income) loss attributable to the noncontrolling interest (5) (1) (4) (1)
Net (loss) income attributable to Fannie Mae 5,114 (2,893) 7,833 (9,364)
Single-Family [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income (215) (680) (594) (1,578)
Benefit (provision) for credit losses 2,956 (6,414) [1] 903 (17,032) [1]
Net interest income (loss) after benefit (provision) for credit losses 2,741 (7,094) 309 (18,610)
Guaranty fee income (expense) 1,970 1,880 3,881 3,751
Investment gains (losses), net 2 (6) 3 (5)
Net other-than-temporary impairments 0 0 0 0
Fair value gains (losses), net (3) (3) (4) (3)
Debt extinguishment (losses) gains, net 0 0 0 0
Gains from partnership investments 0 0 0 0
Fee and other income (expense) 207 114 407 261
Administrative expenses (382) (400) (762) (816)
Foreclosed property income (expense) 59 481 (273) (7)
Other (expenses) income (240) (77) (475) (395)
(Loss) income before federal income taxes   (5,105)   (15,824)
Benefit (provision) for federal income taxes   109   107
Net income (loss) 4,354 (4,996) 3,086 (15,717)
Less: Net (income) loss attributable to the noncontrolling interest 0 0 0 0
Net (loss) income attributable to Fannie Mae 4,354 (4,996) 3,086 (15,717)
Multifamily [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income (6) (11) (13) (20)
Benefit (provision) for credit losses 85 (123) [1] 138 (59) [1]
Net interest income (loss) after benefit (provision) for credit losses 79 (134) 125 (79)
Guaranty fee income (expense) 252 216 495 425
Investment gains (losses), net 6 1 12 5
Net other-than-temporary impairments 0 0 0 0
Fair value gains (losses), net 0 0 0 0
Debt extinguishment (losses) gains, net 0 0 0 0
Gains from partnership investments 18 34 29 22
Fee and other income (expense) 49 57 96 115
Administrative expenses (60) (64) (124) (132)
Foreclosed property income (expense) 11 (3) 4 (3)
Other (expenses) income 3 36 0 42
(Loss) income before federal income taxes   143   395
Benefit (provision) for federal income taxes   (56)   (61)
Net income (loss) 358 87 637 334
Less: Net (income) loss attributable to the noncontrolling interest 0 0 0 0
Net (loss) income attributable to Fannie Mae 358 87 637 334
Capital Markets [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income 3,443 3,867 6,984 7,577
Benefit (provision) for credit losses 0 0 [1] 0 0 [1]
Net interest income (loss) after benefit (provision) for credit losses 3,443 3,867 6,984 7,577
Guaranty fee income (expense) (326) (391) (658) (790)
Investment gains (losses), net 1,458 918 2,465 1,788
Net other-than-temporary impairments (597) (55) (661) (99)
Fair value gains (losses), net (2,461) (1,507) (2,291) (1,289)
Debt extinguishment (losses) gains, net (102) (55) (172) (79)
Gains from partnership investments 0 0 0 0
Fee and other income (expense) 186 109 366 184
Administrative expenses (125) (105) (245) (226)
Foreclosed property income (expense) 0 0 0 0
Other (expenses) income (3) (9) (11) (18)
(Loss) income before federal income taxes   2,772   7,048
Benefit (provision) for federal income taxes   40   45
Net income (loss) 1,473 2,812 5,777 7,093
Less: Net (income) loss attributable to the noncontrolling interest 0 0 0 0
Net (loss) income attributable to Fannie Mae 1,473 2,812 5,777 7,093
Consolidated Trusts [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income 1,731 [4] 1,314 [4] 3,300 [4] 2,888 [4]
Benefit (provision) for credit losses 0 [4] 0 [1],[4] 0 [4] 0 [1],[4]
Net interest income (loss) after benefit (provision) for credit losses 1,731 [4] 1,314 [4] 3,300 [4] 2,888 [4]
Guaranty fee income (expense) (1,206) [2],[4] (1,116) [2],[4] (2,365) [2],[4] (2,226) [2],[4]
Investment gains (losses), net 87 [4] (143) [4] 114 [4] (169) [4]
Net other-than-temporary impairments (2) [4] (1) [4] (2) [4] (1) [4]
Fair value gains (losses), net (60) [4] (72) [4] (8) [4] (105) [4]
Debt extinguishment (losses) gains, net 9 [4] 12 [4] 45 [4] 49 [4]
Gains from partnership investments 0 [4] 0 [4] 0 [4] 0 [4]
Fee and other income (expense) (100) [4] (63) [4] (208) [4] (155) [4]
Administrative expenses 0 [4] 0 [4] 0 [4] 0 [4]
Foreclosed property income (expense) 0 [4] 0 [4] 0 [4] 0 [4]
Other (expenses) income 0 [4] 0 [4] 0 [4] 0 [4]
(Loss) income before federal income taxes   (69) [4]   281 [4]
Benefit (provision) for federal income taxes   0 [4]   0 [4]
Net income (loss) 459 [4] (69) [4] 876 [4] 281 [4]
Less: Net (income) loss attributable to the noncontrolling interest 0 [4] 0 [4] 0 [4] 0 [4]
Net (loss) income attributable to Fannie Mae 459 [4] (69) [4] 876 [4] 281 [4]
Eliminations/Adjustments [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income 475 [5],[6] 482 [5],[6] 948 [5],[6] 1,065 [5],[6]
Benefit (provision) for credit losses 0 [5] 0 [1],[5] 0 [5] 0 [1],[5]
Net interest income (loss) after benefit (provision) for credit losses 475 [5] 482 [5] 948 [5] 1,065 [5]
Guaranty fee income (expense) (632) [2],[5] (539) [2],[5] (1,233) [2],[5] (1,060) [2],[5]
Investment gains (losses), net (1,422) [5],[7] (599) [5],[7] (2,347) [5],[7] (1,373) [5],[7]
Net other-than-temporary impairments 0 [5] 0 [5] 0 [5] 0 [5]
Fair value gains (losses), net 75 [5],[8] (52) [5],[8] 137 [5],[8] 52 [5],[8]
Debt extinguishment (losses) gains, net 0 [5] 0 [5] 0 [5] 0 [5]
Gains from partnership investments 5 [5] 1 [5] 4 [5] 1 [5]
Fee and other income (expense) (5) [5] (2) [5] (11) [5] (3) [5]
Administrative expenses 0 [5] 0 [5] 0 [5] 0 [5]
Foreclosed property income (expense) 0 [5] 0 [5] 0 [5] 0 [5]
Other (expenses) income (21) [5] (17) [5] (37) [5] (36) [5]
(Loss) income before federal income taxes   (726) [5]   (1,354) [5]
Benefit (provision) for federal income taxes   0 [5]   0 [5]
Net income (loss) (1,525) [5] (726) [5] (2,539) [5] (1,354) [5]
Less: Net (income) loss attributable to the noncontrolling interest (5) [5],[9] (1) [5],[9] (4) [5],[9] (1) [5],[9]
Net (loss) income attributable to Fannie Mae $ (1,530) [5] $ (727) [5] $ (2,543) [5] $ (1,355) [5]
[1] Prior period amounts have been reclassified to conform to the current period presentation.
[2] Represents the guaranty fees paid from consolidated trusts to the Single-Family and Multifamily segments. The adjustment to guaranty fee income in the Eliminations/Adjustments column represents the elimination of the amortization of deferred cash fees related to consolidated trusts that were re-established for segment reporting. Total guaranty fee income is included in fee and other income in our condensed consolidated statements of operations and comprehensive income (loss).
[3] Gains from partnership investments are included in other expenses in our condensed consolidated statements of operations and comprehensive income (loss).
[4] Represents activity related to the assets and liabilities of consolidated trusts in our condensed consolidated balance sheets.
[5] Represents the elimination of intercompany transactions occurring between the three business segments and our consolidated trusts, as well as other adjustments to reconcile to our consolidated results.
[6] Represents the amortization expense of cost basis adjustments on securities that we own in our portfolio that on a GAAP basis are eliminated.
[7] Primarily represents the removal of realized gains and losses on sales of Fannie Mae MBS classified as available-for-sale securities that are issued by consolidated trusts and retained in the Capital Markets portfolio. The adjustment also includes the removal of securitization gains (losses) recognized in the Capital Markets segment relating to portfolio securitization transactions that do not qualify for sale accounting under GAAP.
[8] Represents the removal of fair value adjustments on consolidated Fannie Mae MBS classified as trading that are retained in the Capital Markets portfolio.
[9] Represents the adjustment from equity method accounting to consolidation accounting for partnership investments that are consolidated in our condensed consolidated balance sheets.