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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2013
Loans and Leases Receivable, Allowance [Abstract]  
Allowance for Loan Losses Rollforward by Segment [Table Text Block]
The following table displays changes in single-family, multifamily and total allowance for loan losses for the three and six months ended June 30, 2013 and 2012.
 
For the Three Months Ended June 30,
 
2013
 
2012
 
Of Fannie Mae
 
Of Consolidated Trusts
 
Total
 
Of Fannie Mae
 
Of Consolidated Trusts
 
Total
 
(Dollars in millions)
Single-family allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
48,967

 
 
$
6,534

 
 
$
55,501

 
$
56,108

 
 
$
12,630

 
 
$
68,738

Benefit for loan losses(1)
(4,098
)
 
 
(1,330
)
 
 
(5,428
)
 
(3,244
)
 
 
(70
)
 
 
(3,314
)
Charge-offs(2)
(2,015
)
 
 
(137
)
 
 
(2,152
)
 
(3,724
)
 
 
(208
)
 
 
(3,932
)
Recoveries
466

 
 
106

 
 
572

 
441

 
 
44

 
 
485

Transfers(3)
768

 
 
(768
)
 
 
—

 
1,607

 
 
(1,607
)
 
 
—

Other(4)
244

 
 
33

 
 
277

 
134

 
 
23

 
 
157

Ending balance
$
44,332

 
 
$
4,438

 
 
$
48,770

 
$
51,322

 
 
$
10,812

 
 
$
62,134

Multifamily allowance for loan losses: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
586

 
 
$
374

 
 
$
960

 
$
893

 
 
$
478

 
 
$
1,371

(Benefit) provision for loan losses(1)
(36
)
 
 
15

 
 
(21
)
 
(85
)
 
 
12

 
 
(73
)
Charge-offs(2)
(66
)
 
 
—

 
 
(66
)
 
(59
)
 
 
—

 
 
(59
)
Transfers(3)
8

 
 
(8
)
 
 
—

 
9

 
 
(9
)
 
 
—

Other(4)
1

 
 
(1
)
 
 
—

 
2

 
 
—

 
 
2

Ending balance
$
493

 
 
$
380

 
 
$
873

 
$
760

 
 
$
481

 
 
$
1,241

Total allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
49,553

 
 
$
6,908

 
 
$
56,461

 
$
57,001

 
 
$
13,108

 
 
$
70,109

Benefit for loan losses(1)
(4,134
)
 
 
(1,315
)
 
 
(5,449
)
 
(3,329
)
 
 
(58
)
 
 
(3,387
)
Charge-offs(2)(5)
(2,081
)
 
 
(137
)
 
 
(2,218
)
 
(3,783
)
 
 
(208
)
 
 
(3,991
)
Recoveries
466

 
 
106

 
 
572

 
441

 
 
44

 
 
485

Transfers(3)
776

 
 
(776
)
 
 
—

 
1,616

 
 
(1,616
)
 
 
—

Other(4)
245

 
 
32

 
 
277

 
136

 
 
23

 
 
159

Ending balance
$
44,825

 
 
$
4,818

 
 
$
49,643

 
$
52,082

 
 
$
11,293

 
 
$
63,375




 
For the Six Months Ended June 30,
 
2013
 
2012
 
Of Fannie Mae
 
Of Consolidated Trusts
 
Total
 
Of Fannie Mae
 
Of Consolidated Trusts
 
Total
 
(Dollars in millions)
Single-family allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
49,848

 
 
$
7,839

 
 
$
57,687

 
$
56,294

 
 
$
14,339

 
 
$
70,633

(Benefit) provision for loan losses(1)
(4,534
)
 
 
(1,733
)
 
 
(6,267
)
 
(1,844
)
 
 
550

 
 
(1,294
)
Charge-offs(2)
(4,685
)
 
 
(186
)
 
 
(4,871
)
 
(8,128
)
 
 
(471
)
 
 
(8,599
)
Recoveries
1,493

 
 
351

 
 
1,844

 
862

 
 
109

 
 
971

Transfers(3)
1,891

 
 
(1,891
)
 
 
—

 
3,800

 
 
(3,800
)
 
 
—

Other(4)
319

 
 
58

 
 
377

 
338

 
 
85

 
 
423

Ending balance
$
44,332

 
 
$
4,438

 
 
$
48,770

 
$
51,322

 
 
$
10,812

 
 
$
62,134

Multifamily allowance for loan losses: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
671

 
 
$
437

 
 
$
1,108

 
$
1,015

 
 
$
508

 
 
$
1,523

Benefit for loan losses(1)
(127
)
 
 
(39
)
 
 
(166
)
 
(102
)
 
 
(11
)
 
 
(113
)
Charge-offs(2)
(67
)
 
 
—

 
 
(67
)
 
(188
)
 
 
—

 
 
(188
)
Transfers(3)
17

 
 
(17
)
 
 
—

 
17

 
 
(17
)
 
 
—

Other(4)
(1
)
 
 
(1
)
 
 
(2
)
 
18

 
 
1

 
 
19

Ending balance
$
493

 
 
$
380

 
 
$
873

 
$
760

 
 
$
481

 
 
$
1,241

Total allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
50,519

 
 
$
8,276

 
 
$
58,795

 
$
57,309

 
 
$
14,847

 
 
$
72,156

(Benefit) provision for loan losses(1)
(4,661
)
 
 
(1,772
)
 
 
(6,433
)
 
(1,946
)
 
 
539

 
 
(1,407
)
Charge-offs(2)(5)
(4,752
)
 
 
(186
)
 
 
(4,938
)
 
(8,316
)
 
 
(471
)
 
 
(8,787
)
Recoveries
1,493

 
 
351

 
 
1,844

 
862

 
 
109

 
 
971

Transfers(3)
1,908

 
 
(1,908
)
 
 
—

 
3,817

 
 
(3,817
)
 
 
—

Other(4)
318

 
 
57

 
 
375

 
356

 
 
86

 
 
442

Ending balance
$
44,825

 
 
$
4,818

 
 
$
49,643

 
$
52,082

 
 
$
11,293

 
 
$
63,375


__________
(1) 
(Benefit) provision for loan losses is included in benefit for credit losses in our condensed consolidated statements of operations and comprehensive income.
(2) 
While we purchase the substantial majority of loans that are four or more months delinquent from our MBS trusts, we do not exercise this option to purchase loans during a forbearance period. Charge-offs of consolidated trusts generally represent loans that remained in our consolidated trusts at the time of default.
(3) 
Includes transfers from trusts for delinquent loan purchases.
(4) 
Amounts represent the net activity recorded in our allowances for accrued interest receivable and preforeclosure property taxes and insurance receivable from borrowers. The benefit for credit losses, charge-offs, recoveries and transfer activity included in this table reflects all changes for both the allowance for loan losses and the valuation allowances for accrued interest and preforeclosure property taxes and insurance receivable that relate to the mortgage loans.
(5) 
Total charge-offs include accrued interest of $122 million and $238 million for the three months ended June 30, 2013 and 2012, respectively, and $237 million and $511 million for the six months ended June 30, 2013 and 2012, respectively.
Allowance for Loan Losses and Total Recorded Investment in HFI Loans [Table Text Block]
The following table displays the allowance for loan losses and total recorded investment in our HFI loans, excluding loans for which we have elected the fair value option, by impairment or reserve methodology and portfolio segment as of June 30, 2013 and December 31, 2012.

As of
  
June 30, 2013
 
December 31, 2012

Single-Family
 
Multifamily
 
Total
 
Single-Family
 
Multifamily
 
Total

(Dollars in millions)
Allowance for loan losses by segment: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
40,131

 
 
$
452

 
 
$
40,583

 
$
44,545

 
 
$
489

 
 
$
45,034

Collectively reserved loans
8,639

 
 
421

 
 
9,060

 
13,142

 
 
619

 
 
13,761

Total allowance for loan losses
$
48,770

 
 
$
873

 
 
$
49,643

 
$
57,687

 
 
$
1,108

 
 
$
58,795

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans by segment:(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
190,197

 
 
$
4,699

 
 
$
194,896

 
$
195,852

 
 
$
4,539

 
 
$
200,391

Collectively reserved loans
2,640,683

 
 
185,837

 
 
2,826,520

 
2,620,568

 
 
186,512

 
 
2,807,080

Total recorded investment in loans
$
2,830,880

 
 
$
190,536

 
 
$
3,021,416

 
$
2,816,420

 
 
$
191,051

 
 
$
3,007,471

__________
(1) 
Includes acquired credit-impaired loans.
(2) 
Recorded investment consists of unpaid principal balance, unamortized premiums, discounts and other cost basis adjustments, and accrued interest receivable.