XML 100 R70.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value - Fair Value of Financial Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Fair Value Measurement [Domain]    
Financial assets [Abstract]    
Derivative assets, gross amount offset $ (109) $ (237)
Financial liabilities [Abstract]    
Derivative liabilities, gross amount offset (2,881) (1,173)
Available-for-sale, at fair value 806 837
Mortgage loans held for investment, net of allowance for loan losses 4,492 4,964
Derivative assets at fair value 1,824 171
Derivative assets, gross amount offset (109) (237)
Derivative liabilities at fair value 1,204 233
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial assets [Abstract]    
Cash and cash equivalents, including restricted cash and cash equivalents 51,656 64,531
Securities purchased under agreements to resell or similar arrangements 0 0
Trading securities 79,987 83,581
Available-for-sale, at fair value 0 0
Mortgage loans held for sale 0 0
Mortgage loans held for investment, net of allowance for loan losses 0 0
Advances to lenders 0 0
Derivative assets at fair value 0 0
Guaranty assets and buy-ups 0 0
Total financial assets 131,643 148,112
Financial liabilities [Abstract]    
Derivative liabilities at fair value 0 0
Guaranty obligations 0 0
Total financial liabilities 0 0
Significant Other Observable Inputs (Level 2)    
Financial assets [Abstract]    
Cash and cash equivalents, including restricted cash and cash equivalents 37,325 44,100
Securities purchased under agreements to resell or similar arrangements 17,907 20,743
Trading securities 4,595 4,568
Available-for-sale, at fair value 79 84
Mortgage loans held for sale 1,312 178
Mortgage loans held for investment, net of allowance for loan losses 3,672,291 3,796,917
Advances to lenders 5,977 8,413
Derivative assets at fair value 1,848 256
Guaranty assets and buy-ups 0 0
Total financial assets 3,741,334 3,875,259
Financial liabilities [Abstract]    
Derivative liabilities at fair value 4,057 1,385
Guaranty obligations 0 0
Total financial liabilities 3,982,204 4,160,859
Significant Unobservable Inputs (Level 3)    
Financial assets [Abstract]    
Cash and cash equivalents, including restricted cash and cash equivalents 0 0
Securities purchased under agreements to resell or similar arrangements 0 0
Trading securities 47 57
Available-for-sale, at fair value 727 753
Mortgage loans held for sale 4,996 5,307
Mortgage loans held for investment, net of allowance for loan losses 192,844 209,090
Advances to lenders 0 1
Derivative assets at fair value 85 152
Guaranty assets and buy-ups 192 207
Total financial assets 198,891 215,567
Financial liabilities [Abstract]    
Derivative liabilities at fair value 28 21
Guaranty obligations 96 101
Total financial liabilities 33,826 33,565
Fannie Mae    
Financial liabilities [Abstract]    
Long-term debt 2,091 2,381
Fannie Mae | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial liabilities [Abstract]    
Short-term debt: 0 0
Long-term debt 0 0
Fannie Mae | Significant Other Observable Inputs (Level 2)    
Financial liabilities [Abstract]    
Short-term debt: 4,044 2,795
Long-term debt 178,526 205,142
Fannie Mae | Significant Unobservable Inputs (Level 3)    
Financial liabilities [Abstract]    
Short-term debt: 0 0
Long-term debt 700 799
Consolidated Trusts    
Financial liabilities [Abstract]    
Long-term debt 20,117 21,735
Consolidated Trusts | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial liabilities [Abstract]    
Long-term debt 0 0
Consolidated Trusts | Significant Other Observable Inputs (Level 2)    
Financial liabilities [Abstract]    
Long-term debt 3,795,577 3,951,537
Consolidated Trusts | Significant Unobservable Inputs (Level 3)    
Financial liabilities [Abstract]    
Long-term debt 33,002 32,644
Carrying Amount    
Financial assets [Abstract]    
Cash and cash equivalents, including restricted cash and cash equivalents 88,981 108,631
Securities purchased under agreements to resell or similar arrangements 17,907 20,743
Trading securities 84,629 88,206
Available-for-sale, at fair value 806 837
Mortgage loans held for sale 5,920 5,134
Mortgage loans held for investment, net of allowance for loan losses 4,044,618 3,963,108
Advances to lenders 5,977 8,414
Derivative assets at fair value 1,824 171
Guaranty assets and buy-ups 90 92
Total financial assets 4,250,752 4,195,336
Financial liabilities [Abstract]    
Derivative liabilities at fair value 1,204 233
Guaranty obligations 99 101
Total financial liabilities 4,210,100 4,158,525
Carrying Amount | Fannie Mae    
Financial liabilities [Abstract]    
Short-term debt: 4,045 2,795
Long-term debt 176,124 198,097
Carrying Amount | Consolidated Trusts    
Financial liabilities [Abstract]    
Long-term debt 4,028,628 3,957,299
Fair Value    
Financial assets [Abstract]    
Cash and cash equivalents, including restricted cash and cash equivalents 88,981 108,631
Securities purchased under agreements to resell or similar arrangements 17,907 20,743
Trading securities 84,629 88,206
Available-for-sale, at fair value 806 837
Mortgage loans held for sale 6,308 5,485
Mortgage loans held for investment, net of allowance for loan losses 3,865,135 4,006,007
Advances to lenders 5,977 8,414
Derivative assets at fair value 1,824 171
Guaranty assets and buy-ups 192 207
Total financial assets 4,071,759 4,238,701
Financial liabilities [Abstract]    
Derivative liabilities at fair value 1,204 233
Guaranty obligations 96 101
Total financial liabilities 4,013,149 4,193,251
Fair Value | Fannie Mae    
Financial liabilities [Abstract]    
Short-term debt: 4,044 2,795
Long-term debt 179,226 205,941
Fair Value | Consolidated Trusts    
Financial liabilities [Abstract]    
Long-term debt $ 3,828,579 $ 3,984,181