Subsequent Event (Notes)

9 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

On October 25, 2013, we, along with FHFA and Freddie Mac, entered into a settlement agreement with JPMorgan Chase Bank, N.A. (“JPMorgan Chase”) and certain related individuals and entities (collectively with JPMorgan Chase, the “JPMorgan Chase parties”) over legal claims relating to private-label securities that we purchased from them. Under the agreement, the JPMorgan Chase parties agreed to pay us $1.3 billion in the three months ended December 31, 2013.

On October 25, 2013, we entered into an agreement (the “resolution agreement”) with JPMorgan Chase to resolve certain repurchase requests arising from breaches of selling representations and warranties. The resolution agreement primarily resolved our outstanding and expected future repurchase requests arising from breaches of selling representations and warranties on specified single-family loans delivered to us by JPMorgan Chase that were originated between January 1, 2000 and December 31, 2008. As a result, JPMorgan Chase will make a cash payment to us of $670 million in the three months ended December 31, 2013 and will be released from repurchase liability for these loans, with certain exceptions. JPMorgan Chase remains obligated for certain other contractual responsibilities under the resolution agreement.