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Mortgage Loans (Tables)
12 Months Ended
Dec. 31, 2016
Mortgage Loans on Real Estate [Line Items]  
Loans in Mortgage Portfolio [Table Text Block]
The following table displays the carrying value of our mortgage loans.
 
As of December 31,
 
2016
 
2015
 
Of Fannie Mae
 
Of Consolidated Trusts
 
Total
 
Of Fannie Mae
 
Of Consolidated Trusts
 
Total
 
(Dollars in millions)
Single-family
$
209,168

 
$
2,624,582

 
$
2,833,750

 
$
238,237

 
$
2,574,174

 
$
2,812,411

Multifamily
9,379

 
220,517

 
229,896

 
13,099

 
185,243

 
198,342

Total unpaid principal balance of mortgage loans
218,547

 
2,845,099

 
3,063,646

 
251,336

 
2,759,417

 
3,010,753

Cost basis and fair value adjustments, net
(11,357
)
 
50,929

 
39,572

 
(12,939
)
 
49,781

 
36,842

Allowance for loan losses for loans held for investment
(22,579
)
 
(886
)
 
(23,465
)
 
(26,510
)
 
(1,441
)
 
(27,951
)
Total mortgage loans
$
184,611

 
$
2,895,142

 
$
3,079,753

 
$
211,887

 
$
2,807,757

 
$
3,019,644

The following table displays the allowance for loan losses and 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 December 31,
 
2016
 
2015
 
Single-Family
 
Multifamily
 
Total
 
Single-Family
 
Multifamily
 
Total
 
(Dollars in millions)
Allowance for loan losses by segment: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
21,920

 
 
$
33

 
 
$
21,953

 
$
25,437

 
 
$
80

 
 
$
25,517

Collectively reserved loans 
1,363

 
 
149

 
 
1,512

 
2,272

 
 
162

 
 
2,434

Total allowance for loan losses 
$
23,283

 
 
$
182

 
 
$
23,465

 
$
27,709

 
 
$
242

 
 
$
27,951

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
155,598

 
 
$
589

 
 
$
156,187

 
$
171,161

 
 
$
1,008

 
 
$
172,169

Collectively reserved loans 
2,708,337

 
 
231,292

 
 
2,939,629

 
2,664,377

 
 
199,166

 
 
2,863,543

Total recorded investment in loans 
$
2,863,935

 
 
$
231,881

 
 
$
3,095,816

 
$
2,835,538

 
 
$
200,174

 
 
$
3,035,712

__________
(1) 
Includes acquired credit-impaired loans.
Aging Analysis [Table Text Block]
The following tables display an aging analysis of the total recorded investment in our HFI mortgage loans by portfolio segment and class, excluding loans for which we have elected the fair value option.
  
As of December 31, 2016
 
30 - 59 Days
Delinquent
 
60 - 89 Days Delinquent
 
Seriously Delinquent(1)
 
Total Delinquent
 
Current
 
Total
 
Recorded Investment in Loans 90 Days or More Delinquent and Accruing Interest
 
Recorded Investment in Nonaccrual Loans 
  
(Dollars in millions)
Single-family: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
$
31,631

 
 
 
$
7,910

 
 
 
$
21,761

 
 
 
$
61,302

 
 
$
2,654,195

 
$
2,715,497

 
 
$
22

 
 
$
33,448

Government(2)
 
56

 
 
 
22

 
 
 
256

 
 
 
334

 
 
36,814

 
37,148

 
 
256

 
 

Alt-A
 
3,629

 
 
 
1,194

 
 
 
4,221

 
 
 
9,044

 
 
72,903

 
81,947

 
 
2

 
 
6,019

Other
 
1,349

 
 
 
438

 
 
 
1,582

 
 
 
3,369

 
 
25,974

 
29,343

 
 
5

 
 
2,238

Total single-family
 
36,665

 
 
 
9,564

 
 
 
27,820

 
 
 
74,049

 
 
2,789,886

 
2,863,935

 
 
285

 
 
41,705

Multifamily(3)
 
44

 
 
 
N/A

 
 
 
129

 
 
 
173

 
 
231,708

 
231,881

 
 

 
 
403

Total
 
$
36,709

 
 
 
$
9,564

 
 
 
$
27,949

 
 
 
$
74,222

 
 
$
3,021,594

 
$
3,095,816

 
 
$
285

 
 
$
42,108

 
As of December 31, 2015
 
30 - 59 Days
Delinquent
 
60 - 89 Days Delinquent
 
Seriously Delinquent(1)
 
Total Delinquent
 
Current
 
Total
 
Recorded Investment in Loans 90 Days or More Delinquent and Accruing Interest
 
Recorded Investment in Nonaccrual Loans 
 
(Dollars in millions)
Single-family: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
$
29,154

 
 
 
$
7,937

 
 
 
$
26,346

 
 
 
$
63,437

 
 
$
2,598,756

 
$
2,662,193

 
 
$
46

 
 
$
34,216

Government(2)
 
58

 
 
 
24

 
 
 
291

 
 
 
373

 
 
40,461

 
40,834

 
 
291

 
 

Alt-A
 
4,085

 
 
 
1,272

 
 
 
6,141

 
 
 
11,498

 
 
84,603

 
96,101

 
 
6

 
 
7,407

Other
 
1,494

 
 
 
484

 
 
 
2,160

 
 
 
4,138

 
 
32,272

 
36,410

 
 
6

 
 
2,632

Total single-family
 
34,791

 
 
 
9,717

 
 
 
34,938

 
 
 
79,446

 
 
2,756,092

 
2,835,538

 
 
349

 
 
44,255

Multifamily(3)
 
23

 
 
 
N/A

 
 
 
123

 
 
 
146

 
 
200,028

 
200,174

 
 

 
 
591

Total
 
$
34,814

 
 
 
$
9,717

 
 
 
$
35,061

 
 
 
$
79,592

 
 
$
2,956,120

 
$
3,035,712

 
 
$
349

 
 
$
44,846

__________
(1) 
Single-family seriously delinquent loans are loans that are 90 days or more past due or in the foreclosure process. Multifamily seriously delinquent loans are loans that are 60 days or more past due.
(2) 
Primarily consists of reverse mortgages, which due to their nature, are not aged and are included in the current column.
(3) 
Multifamily loans 60-89 days delinquent are included in the seriously delinquent column.
Individually Impaired Loans [Table Text Block]
The following tables display the total unpaid principal balance, recorded investment, related allowance, average recorded investment and interest income recognized for individually impaired loans.
 
As of December 31,
 
2016
 
2015
 
Unpaid Principal Balance
 
Total Recorded Investment 
 
Related Allowance for Loan Losses
 
Unpaid Principal Balance
 
Total Recorded Investment 
 
Related Allowance for Loan Losses
 
 
(Dollars in millions)
Individually impaired loans: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With related allowance recorded: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single-family: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
$
105,113

 
 
 
$
99,825

 
 
$
14,462

 
 
$
116,477

 
 
 
$
110,502

 
 
$
16,745

 
Government 
 
302

 
 
 
305

 
 
59

 
 
322

 
 
 
327

 
 
59

 
Alt-A 
 
28,599

 
 
 
26,059

 
 
5,365

 
 
31,888

 
 
 
29,103

 
 
6,217

 
Other 
 
11,087

 
 
 
10,465

 
 
2,034

 
 
12,893

 
 
 
12,179

 
 
2,416

 
Total single-family 
 
145,101

 
 
 
136,654

 
 
21,920

 
 
161,580

 
 
 
152,111

 
 
25,437

 
Multifamily
 
320

 
 
 
323

 
 
33

 
 
650

 
 
 
654

 
 
80

 
Total individually impaired loans with related allowance recorded
 
145,421

 
 
 
136,977

 
 
21,953

 
 
162,230

 
 
 
152,765

 
 
25,517

 
With no related allowance recorded:(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single-family: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
15,733

 
 
 
14,758

 
 

 
 
15,891

 
 
 
14,725

 
 

 
Government
 
63

 
 
 
59

 
 

 
 
58

 
 
 
54

 
 

 
Alt-A
 
3,511

 
 
 
3,062

 
 

 
 
3,721

 
 
 
3,169

 
 

 
Other
 
1,159

 
 
 
1,065

 
 

 
 
1,222

 
 
 
1,102

 
 

 
Total single-family
 
20,466

 
 
 
18,944

 
 

 
 
20,892

 
 
 
19,050

 
 

 
Multifamily
 
266

 
 
 
266

 
 

 
 
353

 
 
 
354

 
 

 
Total individually impaired loans with no related allowance recorded
 
20,732

 
 
 
19,210

 
 

 
 
21,245

 
 
 
19,404

 
 

 
Total individually impaired loans(2)
 
$
166,153

 
 
 
$
156,187

 
 
$
21,953

 
 
$
183,475

 
 
 
$
172,169

 
 
$
25,517

 
 
For the Year Ended December 31,
 
2016
 
2015
 
2014
 
Average Recorded Investment
 
Total Interest Income Recognized(3)
 
Interest Income Recognized on a Cash Basis
 
Average Recorded Investment
 
Total Interest Income Recognized(3)
 
Interest Income Recognized on a Cash Basis
 
Average Recorded Investment
 
Total Interest Income Recognized(3)
 
Interest Income Recognized on a Cash Basis
 
(Dollars in millions)
Individually impaired loans: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With related allowance recorded: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single-family: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
$
105,076

 
 
 
$
4,004

 
 
 
$
325

 
 
 
$
114,737

 
 
 
$
4,190

 
 
 
$
318

 
 
 
$
121,926

 
 
 
$
4,321

 
 
 
$
494

 
Government
 
314

 
 
 
12

 
 
 

 
 
 
299

 
 
 
12

 
 
 

 
 
 
270

 
 
 
13

 
 
 

 
Alt-A
 
27,512

 
 
 
1,010

 
 
 
54

 
 
 
30,453

 
 
 
1,034

 
 
 
54

 
 
 
33,676

 
 
 
1,066

 
 
 
100

 
Other
 
11,382

 
 
 
365

 
 
 
20

 
 
 
12,863

 
 
 
376

 
 
 
21

 
 
 
14,490

 
 
 
402

 
 
 
36

 
Total single-family
 
144,284

 
 
 
5,391

 
 
 
399

 
 
 
158,352

 
 
 
5,612

 
 
 
393

 
 
 
170,362

 
 
 
5,802

 
 
 
630

 
Multifamily
 
508

 
 
 
29

 
 
 

 
 
 
973

 
 
 
16

 
 
 

 
 
 
1,699

 
 
 
80

 
 
 
1

 
Total individually impaired loans with related allowance recorded
 
144,792

 
 
 
5,420

 
 
 
399

 
 
 
159,325

 
 
 
5,628

 
 
 
393

 
 
 
172,061

 
 
 
5,882

 
 
 
631

 
With no related allowance recorded:(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single-family: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
15,293

 
 
 
1,236

 
 
 
91

 
 
 
15,796

 
 
 
1,039

 
 
 
91

 
 
 
13,852

 
 
 
864

 
 
 
215

 
Government
 
59

 
 
 
4

 
 
 

 
 
 
55

 
 
 
4

 
 
 

 
 
 
67

 
 
 
5

 
 
 

 
Alt-A
 
3,293

 
 
 
309

 
 
 
9

 
 
 
3,647

 
 
 
218

 
 
 
11

 
 
 
2,799

 
 
 
189

 
 
 
47

 
Other
 
1,116

 
 
 
108

 
 
 
3

 
 
 
1,259

 
 
 
75

 
 
 
3

 
 
 
974

 
 
 
56

 
 
 
12

 
Total single-family
 
19,761

 
 
 
1,657

 
 
 
103

 
 
 
20,757

 
 
 
1,336

 
 
 
105

 
 
 
17,692

 
 
 
1,114

 
 
 
274

 
Multifamily
 
317

 
 
 
13

 
 
 

 
 
 
442

 
 
 
10

 
 
 

 
 
 
1,472

 
 
 
64

 
 
 

 
Total individually impaired loans with no related allowance recorded
 
20,078

 
 
 
1,670

 
 
 
103

 
 
 
21,199

 
 
 
1,346

 
 
 
105

 
 
 
19,164

 
 
 
1,178

 
 
 
274

 
Total individually impaired loans
 
$
164,870

 
 
 
$
7,090

 
 
 
$
502

 
 
 
$
180,524

 
 
 
$
6,974

 
 
 
$
498

 
 
 
$
191,225

 
 
 
$
7,060

 
 
 
$
905

 
__________
(1) 
The discounted cash flows or collateral value equals or exceeds the carrying value of the loan and, as such, no valuation allowance is required.
(2) 
Includes single-family loans restructured in a TDR with a recorded investment of $155.0 billion and $170.3 billion as of December 31, 2016 and 2015, respectively. Includes multifamily loans restructured in a TDR with a recorded investment of $248 million and $451 million as of December 31, 2016 and 2015, respectively.
(3) 
Total single-family interest income recognized of $7.0 billion for the year ended December 31, 2016 consists of $5.7 billion of contractual interest and $1.3 billion of effective yield adjustments. Total single-family interest income recognized of $6.9 billion for the year ended December 31, 2015 consists of $5.7 billion of contractual interest and $1.2 billion of effective yield adjustments. Total single-family interest income recognized of $6.9 billion for the year ended December 31, 2014 consists of $5.8 billion of contractual interest and $1.1 billion of effective yield adjustments.
Troubled Debt Restructurings Activity [Table Text Block]
The following table displays the number of loans and recorded investment in loans restructured in a TDR.
 
For the Year Ended December 31,
 
 
2016
 
 
2015
 
 
2014
 
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(Dollars in millions)
 
Single-family:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
61,586

 
 
 
$
8,405

 
 
 
71,293

 
 
 
$
9,713

 
 
 
100,956

 
 
 
$
14,301

 
Government
 
186

 
 
 
20

 
 
 
241

 
 
 
27

 
 
 
365

 
 
 
47

 
Alt-A 
 
6,647

 
 
 
946

 
 
 
9,037

 
 
 
1,374

 
 
 
14,715

 
 
 
2,441

 
Other
 
1,381

 
 
 
244

 
 
 
1,835

 
 
 
333

 
 
 
3,357

 
 
 
686

 
Total single-family 
 
69,800

 
 
 
9,615

 
 
 
82,406

 
 
 
11,447

 
 
 
119,393

 
 
 
17,475

 
Multifamily 
 
11

 
 
 
66

 
 
 
12

 
 
 
40

 
 
 
19

 
 
 
853

 
Total TDRs
 
69,811

 
 
 
$
9,681

 
 
 
82,418

 
 
 
$
11,487

 
 
 
119,412

 
 
 
$
18,328

 
The following table displays the number of loans and our recorded investment in these loans at the time of payment default for loans that were restructured in a TDR in the twelve months prior to the payment default. For purposes of this disclosure, we define loans that had a payment default as: single-family and multifamily loans with completed TDRs that liquidated during the period, either through foreclosure, deed-in-lieu of foreclosure or a short sale; single-family loans with completed modifications that are two or more months delinquent during the period; or multifamily loans with completed modifications that are one or more months delinquent during the period.
 
For the Year Ended December 31,
 
 
2016
 
 
2015
 
 
2014
 
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(Dollars in millions)
 
Single-family:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
20,810

 
 
 
$
2,938

 
 
 
26,206
 
 
 
$
3,808

 
 
 
33,853
 
 
 
$
5,095

 
Government
 
95

 
 
 
11

 
 
 
118

 
 
 
16

 
 
 
124

 
 
 
15

 
Alt-A 
 
3,131

 
 
 
500

 
 
 
4,128

 
 
 
706

 
 
 
5,392

 
 
 
960

 
Other
 
1,002

 
 
 
172

 
 
 
1,229

 
 
 
247

 
 
 
1,738

 
 
 
387

 
Total single-family 
 
25,038

 
 
 
3,621

 
 
 
31,681

 
 
 
4,777

 
 
 
41,107

 
 
 
6,457

 
Multifamily
 
5

 
 
 
46

 
 
 
3

 
 
 
6

 
 
 
9

 
 
 
42

 
Total TDRs that subsequently defaulted 
 
25,043

 
 
 
$
3,667

 
 
 
31,684

 
 
 
$
4,783

 
 
 
41,116

 
 
 
$
6,499

 
Single-Family [Member]  
Mortgage Loans on Real Estate [Line Items]  
Credit Quality Indicators [Table Text Block]
The following table displays the total recorded investment in our single-family HFI loans by class and credit quality indicator, excluding loans for which we have elected the fair value option.
  
As of December 31, 
 
2016(1)
 
2015(1)
 
Primary
 
Alt-A
 
Other 
 
Primary
 
Alt-A
 
Other 
 
(Dollars in millions) 
Estimated mark-to-market LTV ratio:(2)
 
 
 
 
 
 
 
 
 
 
 
Less than or equal to 80%
$
2,321,201

 
$
56,250

 
$
19,382
 
 
$
2,228,533

 
$
59,000

 
$
21,274
 
Greater than 80% and less than or equal to 90%
244,231

 
9,787

 
3,657
 
 
250,373

 
12,588

 
4,936
 
Greater than 90% and less than or equal to 100%
114,412

 
6,731

 
2,627
 
 
122,939

 
9,345

 
3,861
 
Greater than 100%
35,653

 
9,179

 
3,677
 
 
60,348

 
15,168

 
6,339
 
Total
$
2,715,497

 
$
81,947

 
$
29,343
 
 
$
2,662,193

 
$
96,101

 
$
36,410
 
__________
(1) 
Excludes $37.1 billion and $40.8 billion as of December 31, 2016 and 2015, respectively, of mortgage loans guaranteed or insured, in whole or in part, by the U.S. government or one of its agencies, that are not Alt-A loans. The segment class is primarily reverse mortgages for which we do not calculate an estimated mark-to-market LTV ratio.
(2) 
The aggregate estimated mark-to-market LTV ratio is based on the unpaid principal balance of the loan as of the end of each reported period divided by the estimated current value of the property, which we calculate using an internal valuation model that estimates periodic changes in home value.
Multifamily [Member]  
Mortgage Loans on Real Estate [Line Items]  
Credit Quality Indicators [Table Text Block]
The following table displays the total recorded investment in our multifamily HFI loans by credit quality indicator, excluding loans for which we have elected the fair value option.
 
As of December 31,
  
2016
 
 
2015
 
(Dollars in millions) 
Credit risk profile by internally assigned grade:
 
  
 
 
 
Non-classified
 
$
228,749
 
 
 
$
197,334
 
Classified:(1)
 
 
 
 
 
Substandard
 
3,129
 
 
 
2,833
 
Doubtful
 
3
 
 
 
7
 
Total classified
 
3,132
 
 
 
2,840
 
Total
 
$
231,881
 
 
 
$
200,174
 
__________
(1) 
A loan classified as “Substandard” has a well-defined weakness that jeopardizes the timely full repayment. “Doubtful” refers to a loan with a weakness that makes collection or liquidation in full highly questionable and improbable based on existing conditions and values.