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Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment results [Table Text Block]
The following tables display our business segment financial results for the three months ended March 31, 2013 and 2012.
 
For the Three Months Ended March 31, 2013
 
Business Segments
 
Other Activity/Reconciling Items

 
 
 
Single-Family
 
Multifamily
 
Capital Markets
 
Consolidated Trusts(1)
 
Eliminations/ Adjustments(2)
 
Total Results
 
 
(Dollars in millions)
 
Net interest income (loss)
$
520

 
 
$
(11
)
 
 
$
2,742

 
 
$
2,597

 
 
 
$
456

(3) 

$
6,304

 
Benefit for credit losses
781

 
 
176

 
 
—

 
 
—

 
 
 
—

 
 
957

 
Net interest income (loss) after benefit for credit losses
1,301

 
 
165

 
 
2,742

 
 
2,597

 
 
 
456

 
 
7,261

 
Guaranty fee income (expense)
2,375

 
 
291

 
 
(299
)
 
 
(1,204
)
(4) 

 
(1,109
)
(4) 

54

(4) 
Investment gains (losses), net
2

 
 
7

 
 
1,349

 
 
(67
)
 
 
 
(1,173
)
(5) 

118

 
Net other-than-temporary impairments
—

 
 
—

 
 
(9
)
 
 
—

 
 
 
—

 
 
(9
)
 
Fair value (losses) gains, net
(2
)
 
 
—

 
 
875

 
 
(204
)
 
 
 
165

(6) 

834

 
Debt extinguishment (losses) gains, net
—

 
 
—

 
 
(40
)
 
 
17

 
 
 
—

 
 
(23
)
 
Gains from partnership investments
—

 
 
59

 
 
—

 
 
—

 
 
 
—

 
 
59

(7) 
Fee and other income (expense)
172

 
 
51

 
 
349

 
 
(84
)
 
 
 
26

 
 
514

 
Administrative expenses
(426
)
 
 
(70
)
 
 
(145
)
 
 
—

 
 
 
—

 
 
(641
)
 
Foreclosed property income
253

 
 
7

 
 
—

 
 
—

 
 
 
—

 
 
260

 
Other (expenses) income
(354
)
 
 
1

 
 
58

 
 
—

 
 
 
(18
)
 
 
(313
)
 
Income before federal income taxes
3,321

 
 
511

 
 
4,880

 
 
1,055

 
 
 
(1,653
)
 
 
8,114

 
Benefit for federal income taxes(8)
31,578

 
 
7,988

 
 
11,005

 
 
—

 
 
 
—

 
 
50,571

 
Net income attributable to Fannie Mae
$
34,899

 
 
$
8,499

 
 
$
15,885

 
 
$
1,055

 
 
 
$
(1,653
)
 
 
$
58,685

 

 
For the Three Months Ended March 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
$
(379
)
 
 
$
(7
)
 
 
$
3,541

 
 
$
1,569

 
 
 
$
473

(3) 
 
$
5,197

 
(Provision) benefit for credit losses
(2,053
)
 
 
53

 
 
—

 
 
—

 
 
 
—

 
 
(2,000
)
 
Net interest (loss) income after (provision) benefit for credit losses
(2,432
)
 
 
46

 
 
3,541

 
 
1,569

 
 
 
473

 
 
3,197

 
Guaranty fee income (expense)
1,911

 
 
243

 
 
(332
)
 
 
(1,159
)
(4) 
 
 
(601
)
(4) 
 
62

(4) 
Investment gains, net
1

 
 
6

 
 
1,007

 
 
27

 
 
 
(925
)
(5) 
 
116

 
Net other-than-temporary impairments
—

 
 
—

 
 
(64
)
 
 
—

 
 
 
—

 
 
(64
)
 
Fair value (losses) gains, net
(1
)
 
 
—

 
 
170

 
 
52

 
 
 
62

(6) 
 
283

 
Debt extinguishment (losses) gains, net
—

 
 
—

 
 
(70
)
 
 
36

 
 
 
—

 
 
(34
)
 
Gains from partnership investments
—

 
 
11

 
 
—

 
 
—

 
 
 
(1
)
 
 
10

(7) 
Fee and other income (expense)
200

 
 
47

 
 
180

 
 
(108
)
 
 
 
(6
)
 
 
313

 
Administrative expenses
(380
)
 
 
(64
)
 
 
(120
)
 
 
—

 
 
 
—

 
 
(564
)
 
Foreclosed property expense
(332
)
 
 
(7
)
 
 
—

 
 
—

 
 
 
—

 
 
(339
)
 
Other expenses
(235
)
 
 
(3
)
 
 
(8
)
 
 
—

 
 
 
(16
)
 
 
(262
)
 
Net (loss) income
(1,268
)
 
 
279

 
 
4,304

 
 
417

 
 
 
(1,014
)
 
 
2,718

 
Less: Net loss attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
 
 
1

(9) 
 
1

 
Net (loss) income attributable to Fannie Mae
$
(1,268
)
 
 
$
279

 
 
$
4,304

 
 
$
417

 
 
 
$
(1,013
)
 
 
$
2,719

 
__________
(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 retained mortgage 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 condensed consolidated statements of operations and comprehensive income.
(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 group’s mortgage 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 group’s mortgage portfolio.
(7) 
Gains from partnership investments are included in other expenses in our condensed consolidated statements of operations and comprehensive income.
(8) 
Represents the release of the valuation allowance for our deferred tax assets that primarily are directly attributable to each segment based on the nature of the item.
(9) 
Represents the adjustment from equity method accounting to consolidation accounting for partnership investments that are consolidated in our condensed consolidated balance sheets.