Consolidations and Transfers of Financial Assets (Tables)

9 Months Ended

Sep. 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 September 30, 2012 and December 31, 2011, as well as our maximum exposure to loss and the total assets of those unconsolidated VIEs.

	As of September 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)	$	59,336		$	—		$	—
Trading securities (1)	22,579			—			—
Other assets	184			—			115
Other liabilities	(1,574		)	—			(127		)
Net carrying amount	$	80,525		$	—		$	(12	)
Maximum exposure to loss (1)	$	90,283		$	—		$	110
Total assets of unconsolidated VIEs (1)	$	629,950		$	—		$	10,982
	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

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⁽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 as of September 30, 2012 and December 31, 2011.

	Fannie Mae Single-class MBS & Fannie Mae Megas			REMICS & SMBS(1)
	(Dollars in millions)
As of September 30, 2012
Unpaid principal balance	$	494		$	9,106
Fair value	551			10,277
Weighted-average coupon	6.21		%	5.60		%
Weighted-average loan age	6.1		years	4.5		years
Weighted-average maturity	22.8		years	15.5		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

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⁽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 September 30, 2012 and December 31, 2011.

	As of
	September 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		$	378,110		$	107,658		$	396,276		$	122,392
Of consolidated trusts		2,604,516			18,840			2,570,339			24,893
Loans held for sale		486			134			312			57
Securitized loans		2,224			1			2,273			71
Total loans managed		$	2,985,336		$	126,633		$	2,969,200		$	147,413

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⁽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.