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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Segment results [Table Text Block]
The following tables display our business segment financial results for the years ended December 31, 2012, 2011 and 2010.
 
For the Year Ended December 31, 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
$
(790
)
 
 
$
(13
)
 
 
$
13,241

 
 
$
7,156

 
 
 
$
1,907

(3) 

$
21,501

 
Benefit for credit losses
672

 
 
180

 
 
—

 
 
—

 
 
 
—

 
 
852

 
Net interest (loss) income after benefit for credit losses
(118
)
 
 
167

 
 
13,241

 
 
7,156

 
 
 
1,907

 
 
22,353

 
Guaranty fee income (expense)
8,151

 
 
1,040

 
 
(1,291
)
 
 
(4,737
)
(4) 

 
(2,951
)
(4) 

212

(4) 
Investment gains (losses), net
8

 
 
37

 
 
6,217

 
 
(1
)
 
 
 
(5,774
)
(5) 

487

 
Net other-than-temporary impairments
—

 
 
—

 
 
(711
)
 
 
(2
)
 
 
 
—

 
 
(713
)
 
Fair value losses, net
(8
)
 
 
—

 
 
(3,041
)
 
 
(313
)
 
 
 
385

(6) 

(2,977
)
 
Debt extinguishment (losses) gains, net
—

 
 
—

 
 
(277
)
 
 
33

 
 
 
—

 
 
(244
)
 
Gains from partnership investments
—

 
 
123

 
 
—

 
 
—

 

 
(4
)
 
 
119

(7) 
Fee and other income (expense)
759

 
 
207

 
 
717

 
 
(395
)
 

 
(13
)
 
 
1,275

 
Administrative expenses
(1,590
)
 
 
(269
)
 
 
(508
)
 
 
—

 
 
 
—

 
 
(2,367
)
 
Foreclosed property income
247

 
 
7

 
 
—

 
 
—

 
 
 
—

 
 
254

 
Other expenses
(1,079
)
 
 
(5
)
 
 
(22
)
 
 
—

 

 
(73
)
 
 
(1,179
)
 
Income before federal income taxes
6,370

 
 
1,307

 
 
14,325

 
 
1,741

 
 
 
(6,523
)
 
 
17,220

 
(Provision) benefit for federal income taxes
(80
)
 
 
204

 
 
(124
)
 
 
—

 
 
 
—

 
 
—

 
Net income
6,290

 
 
1,511

 
 
14,201

 
 
1,741

 
 
 
(6,523
)
 
 
17,220

 
Less: Net loss attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
 
 
4

(8) 
 
4

 
Net income attributable to Fannie Mae
$
6,290

 
 
$
1,511

 
 
$
14,201

 
 
$
1,741

 
 
 
$
(6,519
)
 
 
$
17,224

 

 
For the Year Ended December 31, 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
$
(2,411
)
 
 
$
(38
)
 
 
$
13,920

 
 
$
5,765

 
 
 
$
2,045

(3) 
 
$
19,281

 
Provision for credit losses
(26,453
)
 
 
(265
)
 
 
—

 
 
—

 
 
 
—

 
 
(26,718
)
 
Net interest (loss) income after provision for credit losses
(28,864
)
 
 
(303
)
 
 
13,920

 
 
5,765

 
 
 
2,045

 
 
(7,437
)
 
Guaranty fee income (expense)
7,507

 
 
884

 
 
(1,497
)
 
 
(4,486
)
(4) 
 
 
(2,181
)
(4) 
 
227

(4) 
Investment (losses) gains, net
(2
)
 
 
18

 
 
3,711

 
 
(315
)
 
 
 
(2,906
)
(5) 
 
506

 
Net other-than-temporary impairments
—

 
 
—

 
 
(306
)
 
 
(2
)
 
 
 
—

 
 
(308
)
 
Fair value losses, net
(7
)
 
 
—

 
 
(6,596
)
 
 
(226
)
 
 
 
208

(6) 
 
(6,621
)
 
Debt extinguishment (losses) gains, net
—

 
 
—

 
 
(254
)
 
 
22

 
 
 
—

 
 
(232
)
 
Gains from partnership investments
—

 
 
81

 
 
—

 
 
—

 
 
 
—

 
 
81

(7) 
Fee and other income (expense)
579

 
 
218

 
 
478

 
 
(329
)
 
 
 
(10
)
 
 
936

 
Administrative expenses
(1,638
)
 
 
(264
)
 
 
(468
)
 
 
—

 
 
 
—

 
 
(2,370
)
 
Foreclosed property expense
(765
)
 
 
(15
)
 
 
—

 
 
—

 
 
 
—

 
 
(780
)
 
Other (expenses) income
(857
)
 
 
25

 
 
(34
)
 
 
—

 
 
 
(81
)
 
 
(947
)
 
(Loss) income before federal income taxes
(24,047
)
 
 
644

 
 
8,954

 
 
429

 
 
 
(2,925
)
 
 
(16,945
)
 
Benefit (provision) for federal income taxes
106

 
 
(61
)
 
 
45

 
 
—

 
 
 
—

 
 
90

 
Net (loss) income attributable to Fannie Mae
$
(23,941
)
 
 
$
583

 
 
$
8,999

 
 
$
429

 
 
 
$
(2,925
)
 
 
$
(16,855
)
 

 
For the Year Ended December 31, 2010
 
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
$
(5,386
)
 
 
$
3

 
 
$
14,321

 
 
$
5,073

 
 
 
$
2,398

(3) 
 
$
16,409

 
Provision for credit losses
(24,740
)
 
 
(156
)
 
 
—

 
 
—

 
 
 
—

 
 
(24,896
)
 
Net interest (loss) income after provision for credit losses
(30,126
)
 
 
(153
)
 
 
14,321

 
 
5,073

 
 
 
2,398

 
 
(8,487
)
 
Guaranty fee income (expense)
7,206

 
 
791

 
 
(1,440
)
 
 
(4,525
)
(4) 
 
 
(1,830
)
(4) 
 
202

(4) 
Investment gains (losses), net
9

 
 
6

 
 
4,047

 
 
(418
)
 
 
 
(3,298
)
(5) 
 
346

 
Net other-than-temporary impairments
—

 
 
—

 
 
(720
)
 
 
(2
)
 
 
 
—

 
 
(722
)
 
Fair value gains (losses), net
—

 
 
—

 
 
239

 
 
(155
)
 
 
 
(595
)
(6) 
 
(511
)
 
Debt extinguishment losses, net
—

 
 
—

 
 
(459
)
 
 
(109
)
 
 
 
—

 
 
(568
)
 
Losses from partnership investments
—

 
 
(70
)
 
 
—

 
 
—

 
 
 
(4
)
 
 
(74
)
(7) 
Fee and other income (expense)
306

 
 
146

 
 
519

 
 
(88
)
 
 
 
(1
)
 
 
882

 
Administrative expenses
(1,628
)
 
 
(384
)
 
 
(585
)
 
 
—

 
 
 
—

 
 
(2,597
)
 
Foreclosed property expense
(1,680
)
 
 
(38
)
 
 
—

 
 
—

 
 
 
—

 
 
(1,718
)
 
Other (expenses) income
(836
)
 
 
(68
)
 
 
125

 
 
—

 
 
 
(74
)
 
 
(853
)
 
(Loss) income before federal income taxes
(26,749
)
 
 
230

 
 
16,047

 
 
(224
)
 
 
 
(3,404
)
 
 
(14,100
)
 
Benefit (provision) for federal income taxes
69

 
 
(14
)
 
 
27

 
 
—

 
 
 
—

 
 
82

 
Net (loss) income
(26,680
)
 
 
216

 
 
16,074

 
 
(224
)
 
 
 
(3,404
)
 
 
(14,018
)
 
Less: Net loss attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
 
 
4

(8) 
 
4

 
Net (loss) income attributable to Fannie Mae
$
(26,680
)
 
 
$
216

 
 
$
16,074

 
 
$
(224
)
 
 
 
$
(3,400
)
 
 
$
(14,014
)
 
__________
(1) 
Represents activity related to the assets and liabilities of consolidated trusts in our 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) 
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 consolidated statements of operations and comprehensive income (loss).
(5) 
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.
(6) 
Represents the removal of fair value adjustments on consolidated Fannie Mae MBS classified as trading that are retained in the Capital Markets portfolio.
(7) 
Gains (losses) from partnership investments are included in other expenses in our consolidated statements of operations and comprehensive income (loss).
(8) 
Represents the adjustment from equity method accounting to consolidation accounting for partnership investments that are consolidated in our consolidated balance sheets.
Total assets by segment [Table Text Block]
The following table displays total assets by segment as of December 31, 2012 and 2011.
 
As of December 31,
 
2012
 
2011
 
(Dollars in millions)
Single-Family
$
17,595

 
$
11,822

Multifamily
5,182

 
5,747

Capital Markets
723,217

 
836,700

Consolidated trusts
2,749,571

 
2,676,952

Eliminations/adjustments
(273,143
)
 
(319,737
)
Total assets
$
3,222,422

 
$
3,211,484