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Allowance for Loan Losses (Tables)
3 Months Ended
Mar. 31, 2014
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 months ended March 31, 2014 and 2013.
 
For the Three Months Ended March 31,
 
2014
 
2013
 
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
$
40,202

 
 
$
3,105

 
 
$
43,307

 
$
49,848

 
 
$
7,839

 
 
$
57,687

(Benefit) provision for loan losses(1)
(882
)
 
 
38

 
 
(844
)
 
(436
)
 
 
(403
)
 
 
(839
)
Charge-offs(2)
(1,447
)
 
 
(101
)
 
 
(1,548
)
 
(2,670
)
 
 
(49
)
 
 
(2,719
)
Recoveries
320

 
 
71

 
 
391

 
1,027

 
 
245

 
 
1,272

Transfers(3)
420

 
 
(420
)
 
 

 
1,123

 
 
(1,123
)
 
 

Other(4)
133

 
 
9

 
 
142

 
75

 
 
25

 
 
100

Ending balance
$
38,746

 
 
$
2,702

 
 
$
41,448

 
$
48,967

 
 
$
6,534

 
 
$
55,501

Multifamily allowance for loan losses: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
319

 
 
$
220

 
 
$
539

 
$
671

 
 
$
437

 
 
$
1,108

Benefit for loan losses(1)
(12
)
 
 
(16
)
 
 
(28
)
 
(91
)
 
 
(54
)
 
 
(145
)
Charge-offs(2)
(51
)
 
 

 
 
(51
)
 
(1
)
 
 

 
 
(1
)
Transfers(3)

 
 

 
 

 
9

 
 
(9
)
 
 

Other(4)
2

 
 
1

 
 
3

 
(2
)
 
 

 
 
(2
)
Ending balance
$
258

 
 
$
205

 
 
$
463

 
$
586

 
 
$
374

 
 
$
960

Total allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
40,521

 
 
$
3,325

 
 
$
43,846

 
$
50,519

 
 
$
8,276

 
 
$
58,795

(Benefit) provision for loan losses(1)
(894
)
 
 
22

 
 
(872
)
 
(527
)
 
 
(457
)
 
 
(984
)
Charge-offs(2)(5)
(1,498
)
 
 
(101
)
 
 
(1,599
)
 
(2,671
)
 
 
(49
)
 
 
(2,720
)
Recoveries
320

 
 
71

 
 
391

 
1,027

 
 
245

 
 
1,272

Transfers(3)
420

 
 
(420
)
 
 

 
1,132

 
 
(1,132
)
 
 

Other(4)
135

 
 
10

 
 
145

 
73

 
 
25

 
 
98

Ending balance
$
39,004

 
 
$
2,907

 
 
$
41,911

 
$
49,553

 
 
$
6,908

 
 
$
56,461

__________
(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) provision for loan losses, charge-offs, recoveries and transfer activity included in this table reflect 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 $94 million and $115 million for the three months ended March 31, 2014 and 2013, 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 March 31, 2014 and December 31, 2013.
 
As of
  
March 31, 2014
 
December 31, 2013
 
Single-Family
 
Multifamily
 
Total
 
Single-Family
 
Multifamily
 
Total
 
(Dollars in millions)
Allowance for loan losses by segment: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
36,580

 
 
$
258

 
 
$
36,838

 
$
37,423

 
 
$
306

 
 
$
37,729

Collectively reserved loans
4,868

 
 
205

 
 
5,073

 
5,884

 
 
233

 
 
6,117

Total allowance for loan losses
$
41,448

 
 
$
463

 
 
$
41,911

 
$
43,307

 
 
$
539

 
 
$
43,846

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans by segment:(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
189,281

 
 
$
3,612

 
 
$
192,893

 
$
189,064

 
 
$
4,215

 
 
$
193,279

Collectively reserved loans
2,680,477

 
 
179,747

 
 
2,860,224

 
2,689,627

 
 
181,763

 
 
2,871,390

Total recorded investment in loans
$
2,869,758

 
 
$
183,359

 
 
$
3,053,117

 
$
2,878,691

 
 
$
185,978

 
 
$
3,064,669

__________
(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.