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Financial Guarantees (Tables)

6 Months Ended

Jun. 30, 2020

Financial Guarantees and Maximum Recovery [Table Text Block]

The following table displays our off-balance sheet maximum exposure, guaranty obligation recognized in our condensed consolidated balance sheets and the potential maximum recovery from third parties through available credit enhancements and recourse related to our financial guarantees.


	As of
	June 30, 2020										December 31, 2019
	Maximum Exposure		Guaranty Obligation		Maximum Recovery⁽¹⁾		Maximum Exposure		Guaranty Obligation		Maximum Recovery⁽¹⁾
	(Dollars in millions)
Unconsolidated Fannie Mae MBS	$	5,167	$	18	$	4,939	$	5,801	$	26	$	5,545
Other guaranty arrangements⁽²⁾	12,163		115		2,455		12,670		128		2,553
Total	$	17,330	$	133	$	7,394	$	18,471	$	154	$	8,098

⁽¹⁾Recoverability of such credit enhancements and recourse is subject to, among other factors, our mortgage insurers’ and financial guarantors’ ability to meet their obligations to us. For information on our mortgage insurers, see “Note 10, Concentrations of Credit Risk.”

⁽²⁾Primarily consists of credit enhancements and long-term standby commitments.