XML 101 R71.htm IDEA: XBRL DOCUMENT v3.22.2
Fair Value - Fair Value of Financial Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Fair Value Measurement [Domain]    
Financial assets:    
Derivative assets, gross amount offset $ 63 $ (237)
Financial liabilities:    
Derivative liabilities, gross amount offset (3,540) (1,173)
Available-for-sale, at fair value 765 837
Mortgage loans held for investment, net of allowance for loan losses 4,071 4,964
Derivative assets at fair value 892 171
Derivative assets, gross amount offset 63 (237)
Derivative liabilities at fair value 622 233
Derivative liabilities, gross amount offset (3,540)  
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 42,142 64,531
Securities purchased under agreements to resell 0 0
Trading securities 60,883 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 103,025 148,112
Financial liabilities:    
Securities sold under agreements to repurchase 0  
Derivative liabilities at fair value 0 0
Guaranty obligations 0 0
Total financial liabilities 0 0
Significant Other Observable Inputs (Level 2)    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 33,800 44,100
Securities purchased under agreements to resell 15,391 20,743
Trading securities 3,852 4,568
Available-for-sale, at fair value 72 84
Mortgage loans held for sale 643 178
Mortgage loans held for investment, net of allowance for loan losses 3,557,672 3,796,917
Advances to lenders 4,622 8,413
Derivative assets at fair value 791 256
Guaranty assets and buy-ups 0 0
Total financial assets 3,616,843 3,875,259
Financial liabilities:    
Securities sold under agreements to repurchase 1,466  
Derivative liabilities at fair value 4,117 1,385
Guaranty obligations 0 0
Total financial liabilities 3,813,360 4,160,859
Significant Unobservable Inputs (Level 3)    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 0 0
Securities purchased under agreements to resell 0 0
Trading securities 76 57
Available-for-sale, at fair value 693 753
Mortgage loans held for sale 4,200 5,307
Mortgage loans held for investment, net of allowance for loan losses 180,362 209,090
Advances to lenders 0 1
Derivative assets at fair value 38 152
Guaranty assets and buy-ups 173 207
Total financial assets 185,542 215,567
Financial liabilities:    
Securities sold under agreements to repurchase 0  
Derivative liabilities at fair value 45 21
Guaranty obligations 78 101
Total financial liabilities 37,512 33,565
Fannie Mae    
Financial liabilities:    
Long-term debt 1,866 2,381
Fannie Mae | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial liabilities:    
Short-term debt: 0 0
Long-term debt 0 0
Fannie Mae | Significant Other Observable Inputs (Level 2)    
Financial liabilities:    
Short-term debt: 7,589 2,795
Long-term debt 137,063 205,142
Fannie Mae | Significant Unobservable Inputs (Level 3)    
Financial liabilities:    
Short-term debt: 0 0
Long-term debt 604 799
Consolidated Trusts    
Financial liabilities:    
Long-term debt 18,418 21,735
Consolidated Trusts | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial liabilities:    
Long-term debt 0 0
Consolidated Trusts | Significant Other Observable Inputs (Level 2)    
Financial liabilities:    
Long-term debt 3,663,125 3,951,537
Consolidated Trusts | Significant Unobservable Inputs (Level 3)    
Financial liabilities:    
Long-term debt 36,785 32,644
Carrying Amount    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 75,942 108,631
Securities purchased under agreements to resell 15,391 20,743
Trading securities 64,811 88,206
Available-for-sale, at fair value 765 837
Mortgage loans held for sale 4,579 5,134
Mortgage loans held for investment, net of allowance for loan losses 4,087,352 3,963,108
Advances to lenders 4,622 8,414
Derivative assets at fair value 892 171
Guaranty assets and buy-ups 85 92
Total financial assets 4,254,439 4,195,336
Financial liabilities:    
Securities sold under agreements to repurchase 1,466  
Derivative liabilities at fair value 622 233
Guaranty obligations 94 101
Total financial liabilities 4,210,829 4,158,525
Carrying Amount | Fannie Mae    
Financial liabilities:    
Short-term debt: 7,590 2,795
Long-term debt 136,865 198,097
Carrying Amount | Consolidated Trusts    
Financial liabilities:    
Long-term debt 4,064,192 3,957,299
Fair Value    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 75,942 108,631
Securities purchased under agreements to resell 15,391 20,743
Trading securities 64,811 88,206
Available-for-sale, at fair value 765 837
Mortgage loans held for sale 4,843 5,485
Mortgage loans held for investment, net of allowance for loan losses 3,738,034 4,006,007
Advances to lenders 4,622 8,414
Derivative assets at fair value 892 171
Guaranty assets and buy-ups 173 207
Total financial assets 3,905,473 4,238,701
Financial liabilities:    
Securities sold under agreements to repurchase 1,466  
Derivative liabilities at fair value 622 233
Guaranty obligations 78 101
Total financial liabilities 3,847,332 4,193,251
Fair Value | Fannie Mae    
Financial liabilities:    
Short-term debt: 7,589 2,795
Long-term debt 137,667 205,941
Fair Value | Consolidated Trusts    
Financial liabilities:    
Long-term debt $ 3,699,910 $ 3,984,181