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Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Segment results [Table Text Block]
The following tables display our business segment results for the three and nine months ended September 30, 2012 and 2011.
  
For the Three Months Ended September 30, 2012
  
Business Segments
 
Other Activity/Reconciling Items
  
 
  
  
Single-Family
 
Multifamily
 
Capital Markets
 
Consolidated Trusts(1)
  
Eliminations/ Adjustments (2)
  
Total Results
  
  
(Dollars in millions)
  
Net interest (loss) income
$
(192
)
 
 
$
(1
)
 
 
$
3,247

 
 
$
1,778

 
  
 
$
485

(3) 

$
5,317

  
(Provision) benefit for credit losses
(2,176
)
 
 
97

 
 
—

 
 
—

 
  
 
—

  
 
(2,079
)
  
Net interest (loss) income after (provision) benefit for credit losses
(2,368
)
 
 
96

 
 
3,247

 
 
1,778

 
  
 
485

  
 
3,238

  
Guaranty fee income (expense)
2,014

 
 
265

 
 
(319
)
 
 
(1,219
)
(5) 

 
(685
)
(5) 

56

(5) 
Investment gains (losses), net
5

 
 
11

 
 
2,201

 
 
(64
)
 
  
 
(2,019
)
(6) 

134

  
Net other-than-temporary impairments
—

 
 
—

 
 
(38
)
 
 
—

 
  
 
—

   
 
(38
)
  
Fair value losses, net
(1
)
 
 
—

 
 
(961
)
 
 
(58
)
 
  
 
—

(7) 

(1,020
)
  
Debt extinguishment losses, net
—

 
 
—

 
 
(46
)
 
 
(8
)
 
  
 
—

   
 
(54
)
  
Gains from partnership investments
—

 
 
43

 
 
—

 
 
—

 
  
 
(8
)
   
 
35

(8) 
Fee and other income (expense)
181

 
 
55

 
 
185

 
 
(94
)
 
  
 
(5
)
   
 
322

  
Administrative expenses
(397
)
 
 
(70
)
 
 
(121
)
 
 
—

 
  
 
—

   
 
(588
)
  
Foreclosed property income
46

 
 
2

 
 
—

 
 
—

 
  
 
—

   
 
48

  
Other expenses
(290
)
 
 
(7
)
 
 
(6
)
 
 
—

 
  
 
(17
)
   
 
(320
)
  
(Loss) income before federal income taxes
(810
)
 
 
395

 
 
4,142

 
 
335

 
  
 
(2,249
)
   
 
1,813

  
(Provision) benefit for federal income taxes
(12
)
 
 
32

 
 
(20
)
 
 
—

 
  
 
—

   
 
—

  
Net (loss) income
(822
)
 
 
427

 
 
4,122

 
 
335

 
  
 
(2,249
)
   
 
1,813

  
Less: Net loss attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
  
 
8

(9) 
 
8

  
Net (loss) income attributable to Fannie Mae
$
(822
)
 
 
$
427

 
 
$
4,122

 
 
$
335

 
  
 
$
(2,241
)
 
  
$
1,821

  

  
For the Nine Months Ended September 30, 2012
  
Business Segments
 
Other Activity/Reconciling Items
  
 
  
  
Single-Family
 
Multifamily
 
Capital Markets
 
Consolidated Trusts(1)
  
Eliminations/ Adjustments (2)
  
Total Results
  
  
(Dollars in millions)
  
Net interest (loss) income
$
(786
)
 
 
$
(14
)
 
 
$
10,231

 
 
$
5,078

 
  
 
$
1,433

(3) 
 
$
15,942

  
(Provision) benefit for credit losses
(1,273
)
 
 
235

 
 
—

 
 
—

 
  
 
—

   
 
(1,038
)
  
Net interest (loss) income after (provision) benefit for credit losses
(2,059
)
 
 
221

 
 
10,231

 
 
5,078

 
  
 
1,433

   
 
14,904

   
Guaranty fee income (expense)
5,895

 
 
760

 
 
(977
)
 
 
(3,584
)
(5) 
 
 
(1,918
)
(5) 
 
176

(5) 
Investment gains, net
8

 
 
23

 
 
4,666

 
 
50

 
 
 
(4,366
)
(6) 
 
381

   
Net other-than-temporary impairments
—

 
 
—

 
 
(699
)
 
 
(2
)
 
  
 
—

   
 
(701
)
   
Fair value losses, net
(5
)
 
 
—

 
 
(3,252
)
 
 
(66
)
 
  
 
137

(7) 
 
(3,186
)
   
Debt extinguishment (losses) gains, net
—

 
 
—

 
 
(218
)
 
 
37

 
  
 
—

 
  
(181
)
   
Gains from partnership investments
—

 
 
72

 
 
—

 
 
—

 
  
 
(4
)
 
  
68

(8) 
Fee and other income (expense)
588

 
 
151

 
 
551

 
 
(302
)
 
  
 
(16
)
 
  
972

   
Administrative expenses
(1,159
)
 
 
(194
)
 
 
(366
)
 
 
—

 
  
 
—

 
  
(1,719
)
   
Foreclosed property (expense) income
(227
)
 
 
6

 
 
—

 
 
—

 
  
 
—

 
  
(221
)
  
Other expenses
(765
)
 
 
(7
)
 
 
(17
)
 
 
—

 
  
 
(54
)
 
  
(843
)
  
Income before federal income taxes
2,276

 
 
1,032

 
 
9,919

 
 
1,211

 
  
 
(4,788
)
 
  
9,650

  
(Provision) benefit for federal income taxes
(12
)
 
 
32

 
 
(20
)
 
 
—

 
  
 
—

 
  
—

  
Net income
2,264

 
 
1,064

 
 
9,899

 
 
1,211

 
  
 
(4,788
)
 
  
9,650

  
Less: Net loss attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
  
 
4

(9) 
 
4

  
Net income attributable to Fannie Mae
$
2,264

 
 
$
1,064

 
 
$
9,899

 
 
$
1,211

 
  
 
$
(4,784
)
 
  
$
9,654

  

 
For the Three Months Ended September 30, 2011
 
Business Segments
 
Other Activity/Reconciling Items
  
 
  
 
Single-Family
 
Multifamily
 
Capital Markets
 
Consolidated Trusts(1)
  
Eliminations/ Adjustments (2)
  
Total Results
  
 
(Dollars in millions)
  
Net interest (loss) income
$
(374
)
 
 
$
(7
)
 
 
$
3,904

 
 
$
1,210

 
  
 
$
453

(3) 
 
$
5,186

  
Provision for credit losses(4)
(4,072
)
 
 
(79
)
 
 
—

 
 
—

 
  
 
—

 
  
(4,151
)
  
Net interest (loss) income after provision for credit losses
(4,446
)
 
 
(86
)
 
 
3,904

 
 
1,210

 
  
 
453

 
  
1,035

  
Guaranty fee income (expense)
1,867

 
 
226

 
 
(369
)
 
 
(1,124
)
(5) 
 
 
(551
)
(5) 
 
49

(5) 
Investment gains (losses), net
3

 
 
5

 
 
801

 
 
(89
)
 
  
 
(647
)
(6) 
 
73

   
Net other-than-temporary impairments
—

 
 
—

 
 
(262
)
 
 
—

 
  
 
—

   
 
(262
)
   
Fair value losses, net
(2
)
 
 
—

 
 
(4,670
)
 
 
(17
)
 
  
 
164

(7) 
 
(4,525
)
   
Debt extinguishment losses, net
—

 
 
—

 
 
(107
)
 
 
(12
)
 
  
 
—

 
  
(119
)
   
Losses from partnership investments
—

 
 
(30
)
 
 
—

 
 
—

 
  
 
—

 
  
(30
)
(8) 
Fee and other income (expense)
136

 
 
51

 
 
125

 
 
(67
)
 
  
 
(3
)
 
  
242

  
Administrative expenses
(409
)
 
 
(62
)
 
 
(120
)
 
 
—

 
  
 
—

 
  
(591
)
  
Foreclosed property expense
(710
)
 
 
(23
)
 
 
—

 
 
—

 
  
 
—

 
  
(733
)
  
Other expenses
(184
)
 
 
(9
)
 
 
(14
)
 
 
—

 
  
 
(17
)
 
  
(224
)
  
(Loss) income before federal income taxes
(3,745
)
 
 
72

 
 
(712
)
 
 
(99
)
 
  
 
(601
)
 
  
(5,085
)
  
(Provision) benefit for federal income taxes
(1
)
 
 
—

 
 
1

 
 
—

 
  
 
—

 
  
—

  
Net (loss) income attributable to Fannie Mae
$
(3,746
)
 
 
$
72

 
 
$
(711
)
 
 
$
(99
)
 
  
 
$
(601
)
 
  
$
(5,085
)
  

 
For the Nine Months Ended September 30, 2011
 
Business Segments
 
Other Activity/Reconciling Items
  
 
  
 
Single-Family
 
Multifamily
 
Capital Markets
 
Consolidated Trusts(1)
  
Eliminations/ Adjustments (2)
  
Total Results
  
 
(Dollars in millions)
 
Net interest (loss) income
$
(1,952
)
 
 
$
(27
)
 
 
$
11,481

 
 
$
4,098

 
  
 
$
1,518

(3) 
 
$
15,118

  
Provision for credit losses(4)
(21,104
)
 
 
(138
)
 
 
—

 
 
—

 
  
 
—

   
 
(21,242
)
  
Net interest (loss) income after provision for credit losses
(23,056
)
 
 
(165
)
 
 
11,481

 
 
4,098

 
  
 
1,518

   
 
(6,124
)
  
Guaranty fee income (expense)
5,618

 
 
651

 
 
(1,159
)
 
 
(3,350
)
(5) 
 
 
(1,611
)
(5) 
 
149

(5) 
Investment (losses) gains, net
(2
)
 
 
10

 
 
2,589

 
 
(258
)
 
  
 
(2,020
)
(6) 
 
319

   
Net other-than-temporary impairments
—

 
 
—

 
 
(361
)
 
 
(1
)
 
  
 
—

   
 
(362
)
   
Fair value losses, net
(5
)
 
 
—

 
 
(5,959
)
 
 
(122
)
 
  
 
216

(7) 
 
(5,870
)
   
Debt extinguishment (losses) gains, net
—

 
 
—

 
 
(186
)
 
 
37

 
  
 
—

   
 
(149
)
   
Losses from partnership investments
—

 
 
(8
)
 
 
—

 
 
—

 
  
 
1

   
 
(7
)
(8) 
Fee and other income (expense)
397

 
 
166

 
 
309

 
 
(222
)
 
  
 
(6
)
   
 
644

  
Administrative expenses
(1,225
)
 
 
(194
)
 
 
(346
)
 
 
—

 
  
 
—

   
 
(1,765
)
  
Foreclosed property expense
(717
)
 
 
(26
)
 
 
—

 
 
—

 
  
 
—

   
 
(743
)
  
Other (expenses) income
(579
)
 
 
33

 
 
(32
)
 
 
—

 
  
 
(53
)
   
 
(631
)
  
(Loss) income before federal income taxes
(19,569
)
 
 
467

 
 
6,336

 
 
182

 
  
 
(1,955
)
   
 
(14,539
)
  
Benefit (provision) for federal income taxes
106

 
 
(61
)
 
 
46

 
 
—

 
  
 
—

   
 
91

  
Net (loss) income
(19,463
)
 
 
406

 
 
6,382

 
 
182

 
 
 
(1,955
)
 
 
(14,448
)
 
Less: Net income attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
 
 
(1
)
(9) 
 
(1
)
 
Net (loss) income attributable to Fannie Mae
$
(19,463
)
 
 
$
406

 
 
$
6,382

 
 
$
182

 
  
 
$
(1,956
)
 
  
$
(14,449
)
  
__________
(1) 
Represents activity related to the assets and liabilities of consolidated trusts in our condensed consolidated balance sheets.
(2) 
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.
(3) 
Represents the amortization expense of cost basis adjustments on securities that we own in our portfolio that on a GAAP basis are eliminated.
(4) 
Prior period amounts have been reclassified to conform to the current period presentation.
(5) 
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).
(6) 
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.
(7) 
Represents the removal of fair value adjustments on consolidated Fannie Mae MBS classified as trading that are retained in the Capital Markets portfolio.
(8) 
Gains (losses) from partnership investments are included in other expenses in our condensed consolidated statements of operations and comprehensive income (loss).
(9) 
Represents the adjustment from equity method accounting to consolidation accounting for partnership investments that are consolidated in our condensed consolidated balance sheets.