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Allowance for Loan Losses
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Allowance for Loan Losses Allowance for Loan LossesWe maintain an allowance for loan losses for HFI loans held by Fannie Mae and loans backing Fannie Mae MBS issued from consolidated trusts, excluding loans for which we have elected the fair value option. When calculating our allowance for loan losses, we consider the unpaid principal balance, net of amortized premiums and discounts, and other cost basis adjustments of HFI loans at the balance sheet date.
The following table displays changes in single-family, multifamily and total allowance for loan losses.
 
 
For the Year Ended December 31,
 
 
2018
 
2017
 
2016
 
 
(Dollars in millions)
Single-family allowance for loan losses:
 
 
 
 
 
 
Beginning balance
 
$
(18,849
)
 
$
(23,283
)
 
$
(27,709
)
Benefit for loan losses(1)
 
2,990

 
1,994

 
1,704

Charge-offs
 
2,148

 
2,795

 
3,254

Recoveries
 
(240
)
 
(326
)
 
(442
)
Other
 
(18
)
 
(29
)
 
(90
)
Ending balance
 
$
(13,969
)
 
$
(18,849
)
 
$
(23,283
)
Multifamily allowance for loan losses:
 
 
 
 
 
 
Beginning balance
 
$
(235
)
 
$
(182
)
 
$
(242
)
Benefit (provision) for loan losses(1)
 
(3
)
 
(53
)
 
55

Charge-offs
 
4

 
3

 
12

Recoveries
 

 
(3
)
 
(7
)
Ending balance
 
$
(234
)
 
$
(235
)
 
$
(182
)
Total allowance for loan losses:
 
 
 
 
 
 
Beginning balance
 
$
(19,084
)
 
$
(23,465
)
 
$
(27,951
)
Benefit for loan losses(1)
 
2,987

 
1,941

 
1,759

Charge-offs
 
2,152

 
2,798

 
3,266

Recoveries
 
(240
)
 
(329
)
 
(449
)
Other
 
(18
)
 
(29
)
 
(90
)
Ending balance
 
$
(14,203
)
 
$
(19,084
)
 
$
(23,465
)

(1) 
Benefit (provision) for loan losses is included in “Benefit for credit losses” in our consolidated statements of operations and comprehensive income.The following table displays the allowance for loan losses and recorded investment in our HFI loans by impairment or allowance methodology and portfolio segment, excluding loans for which we have elected the fair value option.
 
 
As of December 31,
 
 
2018
 
2017
 
 
Single-Family
 
Multifamily
 
Total
 
Single-Family
 
Multifamily
 
Total
 
 
(Dollars in millions)
Allowance for loan losses by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
 
$
(13,255
)
 
 
$
(40
)
 
 
$
(13,295
)
 
$
(17,247
)
 
 
$
(42
)
 
 
$
(17,289
)
Collectively reserved loans
 
(714
)
 
 
(194
)
 
 
(908
)
 
(1,602
)
 
 
(193
)
 
 
(1,795
)
Total allowance for loan losses
 
$
(13,969
)
 
 
$
(234
)
 
 
$
(14,203
)
 
$
(18,849
)
 
 
$
(235
)
 
 
$
(19,084
)
Recorded investment in loans by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
 
$
117,561

 
 
$
542

 
 
$
118,103

 
$
135,191

 
 
$
590

 
 
$
135,781

Collectively reserved loans
 
2,841,943

 
 
295,122

 
 
3,137,065

 
2,787,783

 
 
266,411

 
 
3,054,194

Total recorded investment in loans
 
$
2,959,504

 
 
$
295,664

 
 
$
3,255,168

 
$
2,922,974

 
 
$
267,001

 
 
$
3,189,975


(1) 
Includes acquired credit-impaired loans.