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Segment Reporting (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Segment Reporting Information [Line Items]        
Net interest (loss) income $ 5,184 $ 5,582 [1] $ 14,826 $ 17,553 [1]
Benefit for credit losses 1,085 2,609 [1] 3,498 8,949 [1]
Net interest income after benefit for credit losses 6,269 8,191 [1] 18,324 26,502 [1]
Guaranty Fee Income (expense) 52 [2],[3] 51 [1],[2],[3] 138 [2],[3] 156 [1],[2],[3]
Investment gains (losses), net 177 648 [1] 829 1,056 [1]
Net other-than-temporary impairments (6) (27) [1] (80) (42) [1]
Fair value (losses) gains, net (207) 335 [1] (2,331) 1,998 [1]
Debt extinguishment (losses) gains, net 11 92 [1] 49 96 [1]
Gains from partnership investments 52 [4] 128 [1],[4] 132 [4] 302 [1],[4]
Fee and other income (expense) 774 690 [1] 5,426 1,638 [1]
Administrative expenses (706) (646) [1] (2,075) (1,913) [1]
Foreclosed property (expense) income (249) 1,165 [1] 227 1,757 [1]
Temporary Payroll Tax Cut Continuation Act of 2011 (TCCA) Fees (351) (276) (1,008) (695)
Other expenses (income) (124) (252) [1] (611) (562) [1]
Income before federal income taxes 5,692 10,099 [1] 19,020 30,293 [1]
(Provision) benefit for federal income taxes (1,787) (1,355) [1] (6,123) 47,231 [1],[5]
Net Income, Including Portion Attributable to Noncontrolling Interest 3,905 8,744 [1] 12,897 77,524 [1]
Net Income Attributable to Noncontrolling Interest 0 (7) [1] (1) (18) [1]
Net income attributable to Fannie Mae 3,905 8,737 [1] 12,896 77,506 [1]
Single-Family [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income 19 (152) [1] (24) 318 [1]
Benefit for credit losses 1,029 2,471 [1] 3,377 8,605 [1]
Net interest income after benefit for credit losses 1,048 2,319 [1] 3,353 8,923 [1]
Guaranty Fee Income (expense) 2,945 [2] 2,719 [1],[2] 8,708 [2] 7,638 [1],[2]
Investment gains (losses), net 0 1 [1] (1) 4 [1]
Net other-than-temporary impairments 0 0 [1] 0 0 [1]
Fair value (losses) gains, net (4) (2) [1] (11) (5) [1]
Debt extinguishment (losses) gains, net 0 0 [1] 0 0 [1]
Gains from partnership investments 0 [4] 0 [1],[4] 0 [4] 0 [1],[4]
Fee and other income (expense) 146 151 [1] 471 502 [1]
Administrative expenses (468) (436) [1] (1,376) (1,281) [1]
Foreclosed property (expense) income (281) 1,171 [1] 154 1,752 [1]
Other expenses (income) (136) (151) [1] (528) (473) [1]
Income before federal income taxes 2,899 5,496 [1] 9,762 16,365 [1]
(Provision) benefit for federal income taxes (837) (751) [1] (2,897) 29,777 [1],[5]
Net Income, Including Portion Attributable to Noncontrolling Interest   4,745 [1] 6,865 46,142 [1]
Net Income Attributable to Noncontrolling Interest   0 [1] 0 0 [1]
Net income attributable to Fannie Mae 2,062 4,745 [1] 6,865 46,142 [1]
Multifamily [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income (22) (31) [1] (65) (59) [1]
Benefit for credit losses 56 138 [1] 121 344 [1]
Net interest income after benefit for credit losses 34 107 [1] 56 285 [1]
Guaranty Fee Income (expense) 332 [2] 311 [1],[2] 960 [2] 902 [1],[2]
Investment gains (losses), net 8 3 [1] 50 14 [1]
Net other-than-temporary impairments 0 0 [1] 0 0 [1]
Fair value (losses) gains, net 0 0 [1] 0 0 [1]
Debt extinguishment (losses) gains, net 0 0 [1] 0 0 [1]
Gains from partnership investments 52 [4] 121 [1],[4] 131 [4] 284 [1],[4]
Fee and other income (expense) 32 26 [1] 87 115 [1]
Administrative expenses (77) (73) [1] (225) (210) [1]
Foreclosed property (expense) income 32 (6) [1] 73 5 [1]
Other expenses (income) 8 (3) [1] (5) (2) [1]
Income before federal income taxes 421 486 [1] 1,127 1,393 [1]
(Provision) benefit for federal income taxes (37) (8) [1] (37) 7,970 [1],[5]
Net Income, Including Portion Attributable to Noncontrolling Interest   478 [1] 1,090 9,363 [1]
Net Income Attributable to Noncontrolling Interest   0 [1] 0 0 [1]
Net income attributable to Fannie Mae 384 478 [1] 1,090 9,363 [1]
Capital Markets [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income 1,845 2,311 [1] 5,592 7,733 [1]
Benefit for credit losses 0 0 [1] 0 0 [1]
Net interest income after benefit for credit losses 1,845 2,311 [1] 5,592 7,733 [1]
Guaranty Fee Income (expense) (235) [2] (273) [1],[2] (722) [2] (855) [1],[2]
Investment gains (losses), net 1,516 1,590 [1] 4,500 3,837 [1]
Net other-than-temporary impairments (6) (27) [1] (80) (42) [1]
Fair value (losses) gains, net (335) 371 [1] (2,770) 2,087 [1]
Debt extinguishment (losses) gains, net (3) 54 [1] 31 17 [1]
Gains from partnership investments 0 [4] 0 [1],[4] 0 [4] 0 [1],[4]
Fee and other income (expense) 579 525 [1] 4,848 1,129 [1]
Administrative expenses (161) (137) [1] (474) (422) [1]
Foreclosed property (expense) income 0 0 [1] 0 0 [1]
Other expenses (income) (5) (19) [1] (70) 31 [1]
Income before federal income taxes 3,195 4,395 [1] 10,855 13,515 [1]
(Provision) benefit for federal income taxes (913) (596) [1] (3,189) 9,484 [1],[5]
Net Income, Including Portion Attributable to Noncontrolling Interest   3,799 [1] 7,666 22,999 [1]
Net Income Attributable to Noncontrolling Interest   0 [1] 0 0 [1]
Net income attributable to Fannie Mae 2,282 3,799 [1] 7,666 22,999 [1]
Consolidated Trusts [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income 3,088 [6] 3,085 [1],[6] 8,525 [6] 8,303 [1],[6]
Benefit for credit losses 0 [6] 0 [1],[6] 0 [6] 0 [1],[6]
Net interest income after benefit for credit losses 3,088 [6] 3,085 [1],[6] 8,525 [6] 8,303 [1],[6]
Guaranty Fee Income (expense) (1,488) [2],[3],[6] (1,345) [1],[2],[3],[6] (4,367) [2],[3],[6] (3,832) [1],[2],[3],[6]
Investment gains (losses), net 21 [6] 77 [1],[6] (141) [6] (79) [1],[6]
Net other-than-temporary impairments 0 [6] 0 [1],[6] 0 [6] 0 [1],[6]
Fair value (losses) gains, net 13 [6] (120) [1],[6] 232 [6] (538) [1],[6]
Debt extinguishment (losses) gains, net 14 [6] 38 [1],[6] 18 [6] 79 [1],[6]
Gains from partnership investments 0 [4],[6] 0 [1],[4],[6] 0 [4],[6] 0 [1],[4],[6]
Fee and other income (expense) (71) [6] (84) [1],[6] (242) [6] (254) [1],[6]
Administrative expenses 0 [6] 0 [1],[6] 0 [6] 0 [1],[6]
Foreclosed property (expense) income 0 [6] 0 [1],[6] 0 [6] 0 [1],[6]
Other expenses (income) 0 [6] 0 [1],[6] 0 [6] 0 [1],[6]
Income before federal income taxes 1,577 [6] 1,651 [1],[6] 4,025 [6] 3,679 [1],[6]
(Provision) benefit for federal income taxes 0 [6] 0 [1],[6] 0 [6] 0 [1],[5],[6]
Net Income, Including Portion Attributable to Noncontrolling Interest   1,651 [1],[6] 4,025 [6] 3,679 [1],[6]
Net Income Attributable to Noncontrolling Interest   0 [1],[6] 0 [6] 0 [1],[6]
Net income attributable to Fannie Mae 1,577 [6] 1,651 [1],[6] 4,025 [6] 3,679 [1],[6]
Eliminations/Adjustments [Member]
       
Segment Reporting Information [Line Items]        
Net interest (loss) income 254 [7],[8] 369 [1],[7],[8] 798 [7],[8] 1,258 [1],[7],[8]
Benefit for credit losses 0 [8] 0 [1],[8] 0 [8] 0 [1],[8]
Net interest income after benefit for credit losses 254 [8] 369 [1],[8] 798 [8] 1,258 [1],[8]
Guaranty Fee Income (expense) (1,502) [2],[3],[8] (1,361) [1],[2],[3],[8] (4,441) [2],[3],[8] (3,697) [1],[2],[3],[8]
Investment gains (losses), net (1,368) [8],[9] (1,023) [1],[8],[9] (3,579) [8],[9] (2,720) [1],[8],[9]
Net other-than-temporary impairments 0 [8] 0 [1],[8] 0 [8] 0 [1],[8]
Fair value (losses) gains, net 119 [10],[8] 86 [1],[10],[8] 218 [10],[8] 454 [1],[10],[8]
Debt extinguishment (losses) gains, net 0 [8] 0 [1],[8] 0 [8] 0 [1],[8]
Gains from partnership investments 0 [4],[8] 7 [1],[4],[8] 1 [4],[8] 18 [1],[4],[8]
Fee and other income (expense) 88 [8] 72 [1],[8] 262 [8] 146 [1],[8]
Administrative expenses 0 [8] 0 [1],[8] 0 [8] 0 [1],[8]
Foreclosed property (expense) income 0 [8] 0 [1],[8] 0 [8] 0 [1],[8]
Other expenses (income) 9 [8] (79) [1],[8] (8) [8] (118) [1],[8]
Income before federal income taxes (2,400) [8] (1,929) [1],[8] (6,749) [8] (4,659) [1],[8]
(Provision) benefit for federal income taxes 0 [8] 0 [1],[8] 0 [8] 0 [1],[5],[8]
Net Income, Including Portion Attributable to Noncontrolling Interest   (1,929) [1],[8] (6,749) [8] (4,659) [1],[8]
Net Income Attributable to Noncontrolling Interest   (7) [1],[11],[8] (1) [11],[8] (18) [1],[11],[8]
Net income attributable to Fannie Mae (2,400) [8] (1,936) [1],[8] (6,750) [8] (4,677) [1],[8]
US Treasury [Member]
       
Segment Reporting Information [Line Items]        
Temporary Payroll Tax Cut Continuation Act of 2011 (TCCA) Fees (351) [2] (276) [1],[2] (1,008) [2] (695) [1],[2]
US Treasury [Member] | Single-Family [Member]
       
Segment Reporting Information [Line Items]        
Temporary Payroll Tax Cut Continuation Act of 2011 (TCCA) Fees $ (351) [2] $ (276) [1],[2] $ (1,008) [2] $ (695) [1],[2]
[1] Certain prior period amounts have been reclassified to conform to our current period presentation.
[2] Includes the impact of a 10 basis point guaranty fee increase implemented pursuant to the TCCA, the incremental revenue from which must be remitted to Treasury. The resulting revenue is included in guaranty fee income and the expense is recognized as “TCCA fees.”
[3] 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 related to unconsolidated Fannie Mae MBS trusts and other credit enhancement arrangements is included in fee and other income in our condensed consolidated statements of operations and comprehensive income.
[4] Gains from partnership investments are included in other expenses in our condensed consolidated statements of operations and comprehensive income.
[5] Primarily represented the release of the valuation allowance for our deferred tax assets that generally is directly attributable to each segment based on the nature of the item.
[6] Represents activity related to the assets and liabilities of consolidated trusts in our condensed consolidated balance sheets.
[7] Represents the amortization expense of cost basis adjustments on securities in the Capital Markets group’s retained mortgage portfolio that on a GAAP basis are eliminated.
[8] 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.
[9] 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 in the Capital Markets group’s retained 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.
[10] Represents the removal of fair value adjustments on consolidated Fannie Mae MBS classified as trading that are in the Capital Markets group’s retained mortgage portfolio.
[11] Represents the adjustment from equity method of accounting to consolidated accounting for partnership investments that are consolidated in our consolidated balance sheets.