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Allowance for Loan Losses Table (Tables)
9 Months Ended
Sep. 30, 2015
Loans and Leases Receivable, Allowance [Abstract]  
Allowance for Loan Losses Rollforward by Segment [Table Text Block]
The following tables display changes in single-family, multifamily and total allowance for loan losses.
 
For the Three Months Ended September 30,
 
2015
 
2014
 
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
$
29,624

 
 
$
1,252

 
 
$
30,876

 
$
36,400

 
 
$
2,243

 
 
$
38,643

Provision (benefit) for loan losses(1)
(1,722
)
 
 
330

 
 
(1,392
)
 
(1,393
)
 
 
394

 
 
(999
)
Charge-offs(2)
(748
)
 
 
(22
)
 
 
(770
)
 
(1,439
)
 
 
(108
)
 
 
(1,547
)
Recoveries
161

 
 
3

 
 
164

 
271

 
 
4

 
 
275

Transfers(3)
262

 
 
(262
)
 
 

 
366

 
 
(366
)
 
 

Other(4)
(13
)
 
 

 
 
(13
)
 
170

 
 
28

 
 
198

Ending balance
$
27,564

 
 
$
1,301

 
 
$
28,865

 
$
34,375

 
 
$
2,195

 
 
$
36,570

Multifamily allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
100

 
 
$
174

 
 
$
274

 
$
243

 
 
$
181

 
 
$
424

Provision (benefit) for loan losses(1)
(10
)
 
 
8

 
 
(2
)
 
(46
)
 
 
(6
)
 
 
(52
)
Charge-offs(2)
(5
)
 
 
(2
)
 
 
(7
)
 
(14
)
 
 

 
 
(14
)
Recoveries
4

 
 

 
 
4

 

 
 

 
 

Transfers(3)
1

 
 
(1
)
 
 

 
2

 
 
(2
)
 
 

Other(4)
1

 
 

 
 
1

 
2

 
 
1

 
 
3

Ending balance
$
91

 
 
$
179

 
 
$
270

 
$
187

 
 
$
174

 
 
$
361

Total allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
29,724

 
 
$
1,426

 
 
$
31,150

 
$
36,643

 
 
$
2,424

 
 
$
39,067

Provision (benefit) for loan losses(1)
(1,732
)
 
 
338

 
 
(1,394
)
 
(1,439
)
 
 
388

 
 
(1,051
)
Charge-offs(2)
(753
)
 
 
(24
)
 
 
(777
)
 
(1,453
)
 
 
(108
)
 
 
(1,561
)
Recoveries
165

 
 
3

 
 
168

 
271

 
 
4

 
 
275

Transfers(3)
263

 
 
(263
)
 
 

 
368

 
 
(368
)
 
 

Other(4)
(12
)
 
 

 
 
(12
)
 
172

 
 
29

 
 
201

Ending balance
$
27,655

 
 
$
1,480

 
 
$
29,135

 
$
34,562

 
 
$
2,369

 
 
$
36,931


 
For the Nine Months Ended September 30,
 
2015
 
2014
 
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
$
32,956

 
 
$
2,221

 
 
$
35,177

 
$
40,202

 
 
$
3,105

 
 
$
43,307

Provision (benefit) for loan losses(1)
(249
)
 
 
(44
)
 
 
(293
)
 
(3,563
)
 
 
192

 
 
(3,371
)
Charge-offs(2)(5)
(8,108
)
 
 
(64
)
 
 
(8,172
)
 
(4,747
)
 
 
(251
)
 
 
(4,998
)
Recoveries
1,032

 
 
15

 
 
1,047

 
902

 
 
222

 
 
1,124

Transfers(3)
877

 
 
(877
)
 
 

 
1,123

 
 
(1,123
)
 
 

Other(4)
1,056

 
 
50

 
 
1,106

 
458

 
 
50

 
 
508

Ending balance
$
27,564

 
 
$
1,301

 
 
$
28,865

 
$
34,375

 
 
$
2,195

 
 
$
36,570

Multifamily allowance for loan losses:
 
 
 
 
 
 
 
 

 
 

 
 

Beginning balance
$
161

 
 
$
203

 
 
$
364

 
$
319

 
 
$
220

 
 
$
539

Benefit for loan losses(1)
(41
)
 
 
(23
)
 
 
(64
)
 
(66
)
 
 
(44
)
 
 
(110
)
Charge-offs(2)(5)
(39
)
 
 
(2
)
 
 
(41
)
 
(73
)
 
 

 
 
(73
)
Recoveries
4

 
 

 
 
4

 

 
 

 
 

Transfers(3)
1

 
 
(1
)
 
 

 
4

 
 
(4
)
 
 

Other(4)
5

 
 
2

 
 
7

 
3

 
 
2

 
 
5

Ending balance
$
91

 
 
$
179

 
 
$
270

 
$
187

 
 
$
174

 
 
$
361

Total allowance for loan losses:
 
 
 
 
 
 
 
 

 
 

 
 

Beginning balance
$
33,117

 
 
$
2,424

 
 
$
35,541

 
$
40,521

 
 
$
3,325

 
 
$
43,846

Provision (benefit) for loan losses(1)
(290
)
 
 
(67
)
 
 
(357
)
 
(3,629
)
 
 
148

 
 
(3,481
)
Charge-offs(2)(5)
(8,147
)
 
 
(66
)
 
 
(8,213
)
 
(4,820
)
 
 
(251
)
 
 
(5,071
)
Recoveries
1,036

 
 
15

 
 
1,051

 
902

 
 
222

 
 
1,124

Transfers(3)
878

 
 
(878
)
 
 

 
1,127

 
 
(1,127
)
 
 

Other(4)
1,061

 
 
52

 
 
1,113

 
461

 
 
52

 
 
513

Ending balance
$
27,655

 
 
$
1,480

 
 
$
29,135

 
$
34,562

 
 
$
2,369

 
 
$
36,931


__________
(1) 
Provision (benefit) 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 changes in other loss reserves which are offset by amounts reflected in provision (benefit) for credit losses, charge-offs and recoveries.
(5) 
Includes for the nine months ended September 30, 2015 charge-offs of (1) $1.8 billion in HFI loans and $724 million in preforeclosure property taxes and insurance receivable in connection with our adoption of the Advisory Bulletin on January 1, 2015 and (2) $1.1 billion in accrued interest receivable that were charged-off in connection with the our adoption of a change in accounting principle on January 1, 2015 related to the treatment of interest previously accrued, but not collected, at the date that loans are placed on nonaccrual status.
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
  
September 30, 2015
 
December 31, 2014
 
Single-Family
 
Multifamily
 
Total
 
Single-Family
 
Multifamily
 
Total
 
(Dollars in millions)
Allowance for loan losses by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
26,404

 
 
$
113

 
 
$
26,517

 
$
31,200

 
 
$
175

 
 
$
31,375

Collectively reserved loans
2,461

 
 
157

 
 
2,618

 
3,977

 
 
189

 
 
4,166

Total allowance for loan losses
$
28,865

 
 
$
270

 
 
$
29,135

 
$
35,177

 
 
$
364

 
 
$
35,541

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
175,479

 
 
$
1,159

 
 
$
176,638

 
$
186,377

 
 
$
1,809

 
 
$
188,186

Collectively reserved loans
2,665,062

 
 
197,540

 
 
2,862,602

 
2,672,184

 
 
187,424

 
 
2,859,608

Total recorded investment in loans
$
2,840,541

 
 
$
198,699

 
 
$
3,039,240

 
$
2,858,561

 
 
$
189,233

 
 
$
3,047,794

__________
(1) 
Includes acquired credit-impaired loans.