Consolidations and Transfers of Financial Assets (Tables)

3 Months Ended

Mar. 31, 2013

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 mortgage backed-trusts as of March 31, 2013 and December 31, 2012, as well as our maximum exposure to loss and the total assets of those unconsolidated mortgage backed-trusts.

	As of
	March 31, 2013			December 31, 2012
	(Dollars in millions)
Assets and liabilities recorded in our condensed consolidated balance sheets related to mortgage-backed trusts:
Assets:
Available-for-sale securities(1)	$	54,616			$	57,004
Trading securities(1)	23,947				22,706
Other assets	137				145
Other liabilities	(1,436		)		(1,449		)
Net carrying amount	$	77,264			$	78,406
Maximum exposure to loss(1)(2)	$	85,533			$	87,397
Total assets of unconsolidated mortgage-backed trusts(1)	$	585,532			$	645,332

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⁽¹⁾  Contains securities recognized in our condensed consolidated balance sheets due to consolidation of certain multi-class resecuritization trusts.

⁽²⁾  Our maximum exposure to loss generally represents the greater of our recorded investment in the entity or the unpaid principal balance of the assets covered by our guaranty. However, our securities issued by Fannie Mae multi-class resecuritization trusts that are not consolidated do not give rise to any additional exposure to loss as we already consolidate the underlying collateral.

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 March 31, 2013 and December 31, 2012.

	Fannie Mae Single-class MBS & Fannie Mae Megas			REMICS & SMBS(1)
	(Dollars in millions)
As of March 31, 2013
Unpaid principal balance	$	428		$	8,030
Fair value	475			9,229
Weighted-average coupon	6.21		%	5.51		%
Weighted-average loan age	6.7		years	5.0		years
Weighted-average maturity	22.2		years	14.1		years
As of December 31, 2012
Unpaid principal balance	$	456		$	8,667
Fair value	504			9,818
Weighted-average coupon	6.20		%	5.53		%
Weighted-average loan age	6.4		years	4.6		years
Weighted-average maturity	22.5		years	15.0		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 March 31, 2013 and December 31, 2012.

	As of
	March 31, 2013						December 31, 2012
	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		$	350,959		$	93,490		$	370,354		$	102,504
Of consolidated trusts		2,631,689			14,510			2,607,880			17,829
Loans held for sale		451			135			459			135
Securitized loans		2,262			—			2,272			4
Total loans managed		$	2,985,361		$	108,135		$	2,980,965		$	120,472

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