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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment results [Table Text Block]
The following tables display our business segment financial results for the years ended December 31, 2014, 2013 and 2012.
 
For the Year Ended December 31, 2014
 
Business Segments
 
Other Activity/Reconciling Items
 
 
 
 
Single-Family
 
Multifamily
 
Capital Markets
 
Consolidated Trusts(1)
 
Eliminations/ Adjustments(2)
 
Total Results
 
 
(Dollars in millions)
 
Net interest income (loss)
$
6

 
 
$
(79
)
 
 
$
7,243

 
 
$
11,722

 
 
 
$
1,076

(3) 

$
19,968

 
Benefit for credit losses
3,850

 
 
114

 
 
—

 
 
—

 
 
 
—

 
 
3,964

 
Net interest income after benefit for credit losses
3,856

 
 
35

 
 
7,243

 
 
11,722

 
 
 
1,076

 
 
23,932

 
Guaranty fee income (expense)(4)
11,702

 
 
1,297

 
 
(955
)
 
 
(5,895
)
(5) 

 
(5,974
)
(5) 

175

(5) 
Investment (losses) gains, net
(1
)
 
 
57

 
 
6,378

 
 
(192
)
 
 
 
(5,306
)
(6) 

936

 
Fair value (losses) gains, net
(19
)
 
 
—

 
 
(5,476
)
 
 
300

 
 
 
362

(7) 

(4,833
)
 
Debt extinguishment gains, net
—

 
 
—

 
 
35

 
 
31

 
 
 
—

 
 
66

 
(Losses) gains from partnership investments(8)
(31
)
 
 
299

 
 
—

 
 
—

 

 
1

 
 
269

 
Fee and other income (expense)
624

 
 
166

 
 
4,894

 
 
(323
)
 

 
351

 
 
5,712

 
Administrative expenses
(1,830
)
 
 
(306
)
 
 
(641
)
 
 
—

 
 
 
—

 
 
(2,777
)
 
Foreclosed property (expense) income
(225
)
 
 
83

 
 
—

 
 
—

 
 
 
—

 
 
(142
)
 
TCCA fees(4)
(1,375
)
 
 
—

 
 
—

 
 
—

 
 
 
—

 
 
(1,375
)
 
Other expenses
(726
)
 
 
(10
)
 
 
(77
)
 
 
—

 

 
—

 
 
(813
)
 
Income before federal income taxes
11,975

 
 
1,621

 
 
11,401

 
 
5,643

 
 
 
(9,490
)
 
 
21,150

 
Provision for federal income taxes
(3,496
)
 
 
(158
)
 
 
(3,287
)
 
 
—

 
 
 
—

 
 
(6,941
)
 
Net income
8,479

 
 
1,463

 
 
8,114

 
 
5,643

 
 
 
(9,490
)
 
 
14,209

 
Less: Net income attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
 
 
(1
)
(10) 
 
(1
)
 
Net income attributable to Fannie Mae
$
8,479

 
 
$
1,463

 
 
$
8,114

 
 
$
5,643

 
 
 
$
(9,491
)
 
 
$
14,208

 

 
For the Year Ended December 31, 2013
 
Business Segments
 
Other Activity/Reconciling Items
 
 
 
 
Single-Family
 
Multifamily
 
Capital Markets
 
Consolidated Trusts(1)
 
Eliminations/ Adjustments(2)
 
Total Results
 
 
(Dollars in millions)
 
Net interest income (loss)
$
205

 
 
$
(74
)
 
 
$
9,764

 
 
$
10,939

 
 
 
$
1,570

(3) 
 
$
22,404

 
Benefit for credit losses
8,469

 
 
480

 
 
—

 
 
—

 
 
 
—

 
 
8,949

 
Net interest income after benefit for credit losses
8,674

 
 
406

 
 
9,764

 
 
10,939

 
 
 
1,570

 
 
31,353

 
Guaranty fee income (expense)(4)
10,468

 
 
1,217

 
 
(1,115
)
 
 
(5,233
)
(5) 
 
 
(5,132
)
(5) 
 
205

(5) 
Investment gains (losses), net
3

 
 
21

 
 
4,847

 
 
(122
)
 
 
 
(3,622
)
(6) 
 
1,127

 
Fair value (losses) gains, net
(10
)
 
 
—

 
 
3,148

 
 
(722
)
 
 
 
543

(7) 
 
2,959

 
Debt extinguishment gains, net
—

 
 
—

 
 
27

 
 
104

 
 
 
—

 
 
131

 
Gains from partnership investments(8)
—

 
 
498

 
 
—

 
 
—

 
 
 
19

 
 
517

 
Fee and other income (expense)
630

 
 
182

 
 
3,010

 
 
(321
)
 
 
 
224

 
 
3,725

 
Administrative expenses
(1,706
)
 
 
(280
)
 
 
(559
)
 
 
—

 
 
 
—

 
 
(2,545
)
 
Foreclosed property income
2,736

 
 
103

 
 
—

 
 
—

 
 
 
—

 
 
2,839

 
TCCA fees(4)
(1,001
)
 
 
—

 
 
—

 
 
—

 
 
 
—

 
 
(1,001
)
 
Other (expenses) income
(628
)
 
 
(2
)
 
 
20

 
 
—

 
 
 
(133
)
 
 
(743
)
 
Income before federal income taxes
19,166

 
 
2,145

 
 
19,142

 
 
4,645

 
 
 
(6,531
)
 
 
38,567

 
Benefit for federal income taxes(9)
29,110

 
 
7,924

 
 
8,381

 
 
—

 
 
 
—

 
 
45,415

 
Net income
48,276

 
 
10,069

 
 
27,523

 
 
4,645

 
 
 
(6,531
)
 
 
83,982

 
Less: Net income attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
 
 
(19
)
(10) 
 
(19
)
 
Net income attributable to Fannie Mae
$
48,276

 
 
$
10,069

 
 
$
27,523

 
 
$
4,645

 
  
 
$
(6,550
)
 
  
$
83,963

 

 
For the Year Ended December 31, 2012
 
Business Segments
 
Other Activity/Reconciling Items
 
 
 
 
Single-Family
 
Multifamily
 
Capital Markets
 
Consolidated Trusts(1)
 
Eliminations/ Adjustments(2)
 
Total Results
 
 
(Dollars in millions)
 
Net interest (loss) income
$
(790
)
 
 
$
(13
)
 
 
$
13,241

 
 
$
7,156

 
 
 
$
1,907

(3) 
 
$
21,501

 
Benefit for credit losses
672

 
 
180

 
 
—

 
 
—

 
 
 
—

 
 
852

 
Net interest (loss) income after provision for credit losses
(118
)
 
 
167

 
 
13,241

 
 
7,156

 
 
 
1,907

 
 
22,353

 
Guaranty fee income (expense)(4)
8,151

 
 
1,040

 
 
(1,291
)
 
 
(4,737
)
(5) 
 
 
(2,951
)
(5) 
 
212

(5) 
Investment gains (losses), net
8

 
 
37

 
 
5,506

 
 
(3
)
 
 
 
(5,774
)
(6) 
 
(226
)
 
Fair value losses, net
(8
)
 
 
—

 
 
(3,041
)
 
 
(313
)
 
 
 
385

(7) 
 
(2,977
)
 
Debt extinguishment (losses) gains, net
—

 
 
—

 
 
(277
)
 
 
33

 
 
 
—

 
 
(244
)
 
Gains from partnership investments(8)
—

 
 
123

 
 
—

 
 
—

 
 
 
(4
)
 
 
119

 
Fee and other income (expense)
759

 
 
207

 
 
717

 
 
(395
)
 
 
 
(13
)
 
 
1,275

 
Administrative expenses
(1,590
)
 
 
(269
)
 
 
(508
)
 
 
—

 
 
 
—

 
 
(2,367
)
 
Foreclosed property income
247

 
 
7

 
 
—

 
 
—

 
 
 
—

 
 
254

 
TCCA fees(4)
(238
)
 
 
—

 
 
—

 
 
—

 
 
 
—

 
 
(238
)
 
Other expenses
(841
)
 
 
(5
)
 
 
(22
)
 
 
—

 
 
 
(73
)
 
 
(941
)
 
Income before federal income taxes
6,370

 
 
1,307

 
 
14,325

 
 
1,741

 
 
 
(6,523
)
 
 
17,220

 
(Provision) benefit for federal income taxes
(80
)
 
 
204

 
 
(124
)
 
 
—

 
 
 
—

 
 
—

 
Net income
6,290

 
 
1,511

 
 
14,201

 
 
1,741

 
 
 
(6,523
)
 
 
17,220

 
Less: Net loss attributable to noncontrolling interest
—

 
 
—

 
 
—

 
 
—

 
 
 
4

(10) 
 
4

 
Net income attributable to Fannie Mae
$
6,290

 
 
$
1,511

 
 
$
14,201

 
 
$
1,741

 
 
 
$
(6,519
)
 
 
$
17,224

 
__________
(1) 
Represents activity related to the assets and liabilities of consolidated trusts in our consolidated balance sheets.
(2) 
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.
(3) 
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.
(4) 
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.”
(5) 
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 consolidated statements of operations and comprehensive income.
(6) 
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.
(7) 
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.
(8) 
Gains from partnership investments are included in other expenses in our consolidated statements of operations and comprehensive income.
(9) 
Primarily represents the release of the valuation allowance for our deferred tax assets that generally are directly attributable to each segment based on the nature of the item.
(10) 
Represents the adjustment from equity method accounting to consolidation accounting for partnership investments that are consolidated in our consolidated balance sheets.
Total assets by segment [Table Text Block]
The following table displays total assets by segment as of December 31, 2014, 2013 and 2012.
 
As of December 31,
 
2014
 
2013
 
2012
 
(Dollars in millions)
Single-Family
$
43,512

 
$
41,206

 
$
17,595

Multifamily
9,281

 
10,848

 
5,182

Capital Markets
510,848

 
596,436

 
723,217

Consolidated trusts
2,827,565

 
2,812,459

 
2,749,571

Eliminations/adjustments(1)
(143,030
)
 
(190,841
)
 
(273,143
)
Total assets
$
3,248,176

 
$
3,270,108

 
$
3,222,422

__________
(1) 
Includes the elimination of Fannie Mae MBS in the Capital Markets group’s retained mortgage portfolio that are issued by consolidated trusts. Also includes the elimination of the allowance for loan losses, allowance for accrued interest receivable and fair value losses previously recognized on acquired credit impaired loans as they are not treated as assets for Single-Family and Multifamily segment reporting purposes because these allowances and losses relate to loan assets that are held by the Capital Markets segment and consolidated trusts.