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Fair Value Level 3 Reconciliation (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total Gains or (Losses) Included in Net Income $ 132 $ 245
Net unrealized gains (losses) included in net income related to assets still held (115) (202)
Interest Income [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total Gains or (Losses) Included in Net Income 70 55
Net unrealized gains (losses) included in net income related to assets still held 0 0
Fair Value Gains, net [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total Gains or (Losses) Included in Net Income 106 192
Net unrealized gains (losses) included in net income related to assets still held (115) (202)
Net Other-than-Temporary Impairments [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total Gains or (Losses) Included in Net Income (45) (5)
Net unrealized gains (losses) included in net income related to assets still held 0 0
Other [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total Gains or (Losses) Included in Net Income 1 3
Net unrealized gains (losses) included in net income related to assets still held 0 0
Trading securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 2,774 2,286
Total Gains or (Losses) Included in Net Income 139 240
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (95) [3] (55) [3]
Transfers out of Level 3 (117) [4] (44) [4]
Transfers Into Level 3 110 [4] 325 [4]
Ending Balance 2,811 2,752
Net unrealized gains (losses) included in net income related to assets still held 138 [5] 236 [5]
Trading securities [Member] | Fannie Mae [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 42 68
Total Gains or (Losses) Included in Net Income (1) (3)
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (2) [3] (4) [3]
Transfers out of Level 3 (39) [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 0 61
Net unrealized gains (losses) included in net income related to assets still held 0 [5] (2) [5]
Trading securities [Member] | Freddie Mac [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 2 2
Total Gains or (Losses) Included in Net Income 0 0
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements 0 [3] 0 [3]
Transfers out of Level 3 (2) [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 0 2
Net unrealized gains (losses) included in net income related to assets still held 0 [5] 0 [5]
Trading securities [Member] | Ginnie Mae [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance   1
Total Gains or (Losses) Included in Net Income   0
Total Gains or (Losses) Included in Other Comprehensive Income (Loss)   0 [1]
Purchases   0 [2]
Sales   0 [2]
Issues   0 [3]
Settlements   (1) [3]
Transfers out of Level 3   0 [4]
Transfers Into Level 3   0 [4]
Ending Balance   0
Net unrealized gains (losses) included in net income related to assets still held   0 [5]
Trading securities [Member] | Alt-A private-label securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 618 104
Total Gains or (Losses) Included in Net Income 19 95
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (16) [3] (16) [3]
Transfers out of Level 3 (76) [4] (44) [4]
Transfers Into Level 3 110 [4] 325 [4]
Ending Balance 655 464
Net unrealized gains (losses) included in net income related to assets still held 17 [5] 90 [5]
Trading securities [Member] | Subprime private-label securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 1,448 1,319
Total Gains or (Losses) Included in Net Income 76 159
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (71) [3] (32) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 1,453 1,446
Net unrealized gains (losses) included in net income related to assets still held 76 [5] 160 [5]
Trading securities [Member] | Mortgage revenue bonds [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 565 675
Total Gains or (Losses) Included in Net Income 40 (13)
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (4) [3] (1) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 601 661
Net unrealized gains (losses) included in net income related to assets still held 40 [5] (13) [5]
Trading securities [Member] | Other [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 99 117
Total Gains or (Losses) Included in Net Income 5 2
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (2) [3] (1) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 102 118
Net unrealized gains (losses) included in net income related to assets still held 5 [5] 1 [5]
Available-for-sale securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 19,012 25,034
Total Gains or (Losses) Included in Net Income 29 55
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 526 [1] 910 [1]
Purchases 0 [2] 0 [2]
Sales (19) [2] (19) [2]
Issues 0 [3] 0 [3]
Settlements (864) [3] (1,104) [3]
Transfers out of Level 3 (611) [4] (1,206) [4]
Transfers Into Level 3 390 [4] 781 [4]
Ending Balance 18,463 24,451
Net unrealized gains (losses) included in net income related to assets still held 0 [5] 0 [5]
Available-for-sale securities [Member] | Fannie Mae [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 7 29
Total Gains or (Losses) Included in Net Income 0 0
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements 0 [3] (3) [3]
Transfers out of Level 3 (2) [4] (14) [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 5 12
Net unrealized gains (losses) included in net income related to assets still held 0 [5] 0 [5]
Available-for-sale securities [Member] | Freddie Mac [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 8 10
Total Gains or (Losses) Included in Net Income 0 0
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements 0 [3] (1) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 8 9
Net unrealized gains (losses) included in net income related to assets still held 0 [5] 0 [5]
Available-for-sale securities [Member] | Alt-A private-label securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 3,791 6,564
Total Gains or (Losses) Included in Net Income 13 9
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 73 [1] 218 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (88) [3] (268) [3]
Transfers out of Level 3 (609) [4] (1,192) [4]
Transfers Into Level 3 390 [4] 781 [4]
Ending Balance 3,570 6,112
Net unrealized gains (losses) included in net income related to assets still held 0 [5] 0 [5]
Available-for-sale securities [Member] | Subprime private-label securities [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 7,068 7,447
Total Gains or (Losses) Included in Net Income 33 44
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 219 [1] 677 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (290) [3] (300) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 7,030 7,868
Net unrealized gains (losses) included in net income related to assets still held 0 [5] 0 [5]
Available-for-sale securities [Member] | Mortgage revenue bonds [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 5,253 7,837
Total Gains or (Losses) Included in Net Income (20) (2)
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 193 [1] (29) [1]
Purchases 0 [2] 0 [2]
Sales (19) [2] (19) [2]
Issues 0 [3] 0 [3]
Settlements (401) [3] (436) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 5,006 7,351
Net unrealized gains (losses) included in net income related to assets still held 0 [5] 0 [5]
Available-for-sale securities [Member] | Other [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 2,885 3,147
Total Gains or (Losses) Included in Net Income 3 4
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 41 [1] 44 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (85) [3] (96) [3]
Transfers out of Level 3 0 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance 2,844 3,099
Net unrealized gains (losses) included in net income related to assets still held 0 [5] 0 [5]
Mortgage Loans [Member] | Consolidated Trusts [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 2,704 2,634
Total Gains or (Losses) Included in Net Income 25 27
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 24 [2] 158 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (81) [3] (112) [3]
Transfers out of Level 3 (148) [4] (38) [4]
Transfers Into Level 3 84 [4] 213 [4]
Ending Balance 2,608 2,882
Net unrealized gains (losses) included in net income related to assets still held 11 [5] 22 [5]
Net derivatives [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance (40) 14
Total Gains or (Losses) Included in Net Income 30 (40)
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] 0 [3]
Settlements (12) [3] 23 [3]
Transfers out of Level 3 (1) [4] 0 [4]
Transfers Into Level 3 0 [4] (4) [4]
Ending Balance (23) (7)
Net unrealized gains (losses) included in net income related to assets still held 11 [5] (18) [5]
Long-term debt [Member]
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance (1,473) (1,528)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss (91) (37)
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues (750) [3] (15) [3]
Settlements 38 [3] 49 [3]
Transfers out of Level 3 1,484 [4] 113 [4]
Transfers Into Level 3 (24) [4] (42) [4]
Ending Balance (816) (1,460)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held (45) [5] (38) [5]
Long-term debt [Member] | Consolidated Trusts [Member]
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance (518) (1,128)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss (1) (54)
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues 0 [3] (15) [3]
Settlements 18 [3] 49 [3]
Transfers out of Level 3 19 [4] 113 [4]
Transfers Into Level 3 (24) [4] (42) [4]
Ending Balance (506) (1,077)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held (1) [5] (55) [5]
Long-term debt [Member] | Senior Floating [Member] | Fannie Mae [Member]
   
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance (955) (400)
Total Gains (Losses) (Realized/Unrealized) Included in Net Loss (90) 17
Total Gains or (Losses) Included in Other Comprehensive Income (Loss) 0 [1] 0 [1]
Purchases 0 [2] 0 [2]
Sales 0 [2] 0 [2]
Issues (750) [3] 0 [3]
Settlements 20 [3] 0 [3]
Transfers out of Level 3 1,465 [4] 0 [4]
Transfers Into Level 3 0 [4] 0 [4]
Ending Balance (310) (383)
Net Unrealized Gain (Loss) Included in Net Loss Related to Liabilities Still Held $ (44) [5] $ 17 [5]
[1] Gains (losses) included in other comprehensive income are included in “Changes in unrealized gains on available-for-sale securities, net of reclassification adjustments and taxes” in the condensed consolidated statements of operations and comprehensive income.
[2] Purchases and sales include activity related to the consolidation and deconsolidation of assets of securitization trusts.
[3] Issues and settlements include activity related to the consolidation and deconsolidation of liabilities of securitization trusts.
[4] Transfers out of Level 3 consisted primarily of private-label mortgage-related securities backed by Alt-A loans and credit risk sharing securities issued under our Connecticut Avenue Securities series. Prices for these securities were obtained from multiple third-party vendors or dealers supported by market observable inputs. Transfers into Level 3 consisted primarily of private-label mortgage-related securities backed by Alt-A loans. Prices for these securities are based on inputs from a single source or inputs that were not readily observable.
[5] Amount represents temporary changes in fair value. Amortization, accretion and other-than-temporary impairments are not considered unrealized and are not included in this amount.