Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2017

Allowance for Loan Losses Rollforward by Segment [Table Text Block]

The following table displays changes in single-family, multifamily and total allowance for loan losses.



	For the Three Months Ended March 31,
	2017			2016
	(Dollars in millions)
Single-family allowance for loan losses:
Beginning balance	$	23,283		$	27,709
Benefit for loan losses⁽¹⁾	(420		)	(1,016		)
Charge-offs⁽²⁾	(1,040		)	(1,279		)
Recoveries	85			119
Other⁽³⁾	30			64
Ending balance	$	21,938		$	25,597
Multifamily allowance for loan losses:
Beginning balance	$	182		$	242
Provision (benefit) for loan losses⁽¹⁾	9			(16		)
Charge-offs⁽²⁾	—			(5		)
Recoveries	—			1
Ending balance	$	191		$	222
Total allowance for loan losses:
Beginning balance	$	23,465		$	27,951
Benefit for loan losses⁽¹⁾	(411		)	(1,032		)
Charge-offs⁽²⁾	(1,040		)	(1,284		)
Recoveries	85			120
Other⁽³⁾	30			64
Ending balance	$	22,129		$	25,819

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⁽¹⁾	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⁾	Amounts represent changes in other loss reserves which are reflected in benefit for loan losses, charge-offs, and recoveries.

Allowance for Loan Losses and Total Recorded Investment in HFI Loans [Table Text Block]

The following table displays the carrying value of our mortgage loans.



	As of
	March 31, 2017			December 31, 2016
	(Dollars in millions)
Single-family	$	2,852,739		$	2,833,750
Multifamily	240,691			229,896
Total unpaid principal balance of mortgage loans	3,093,430			3,063,646
Cost basis and fair value adjustments, net	38,201			39,572
Allowance for loan losses for loans held for investment	(22,129		)	(23,465		)
Total mortgage loans	$	3,109,502		$	3,079,753

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 allowance methodology and portfolio segment.



	As of
	March 31, 2017							December 31, 2016
	Single-Family		Multifamily			Total		Single-Family		Multifamily			Total
	(Dollars in millions)
Allowance for loan losses by segment:
Individually impaired loans⁽¹⁾	$	20,731		$	37	$	20,768	$	21,920		$	33	$	21,953
Collectively reserved loans	1,207			154		1,361		1,363			149		1,512
Total allowance for loan losses	$	21,938		$	191	$	22,129	$	23,283		$	182	$	23,465

Recorded investment in loans by segment:
Individually impaired loans⁽¹⁾	$	150,606		$	599	$	151,205	$	155,598		$	589	$	156,187
Collectively reserved loans	2,729,240			242,005		2,971,245		2,708,337			231,292		2,939,629
Total recorded investment in loans	$	2,879,846		$	242,604	$	3,122,450	$	2,863,935		$	231,881	$	3,095,816

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⁽¹⁾	Includes acquired credit-impaired loans.