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Financial Guarantees (Tables)
 9 Months Ended
Sep. 30, 2020
Guarantees [Abstract]  
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
September 30, 2020December 31, 2019
Maximum ExposureGuaranty Obligation
Maximum Recovery(1)
Maximum ExposureGuaranty Obligation
Maximum Recovery(1)
(Dollars in millions)
Unconsolidated Fannie Mae MBS$4,880 $18 $4,666 $5,801 $26 $5,545 
Other guaranty arrangements(2)
11,950 110 2,424 12,670 128 2,553 
Total$16,830 $128 $7,090 $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.