Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2022

Allowance for Loan Losses Roll Forward by Segment

The following table displays changes in our allowance for single-family loans, multifamily loans and total allowance for loan losses, including the transition impact of adopting the CECL standard, on January 1, 2020.

The benefit or provision for loan losses excludes provision for accrued interest receivable losses, guaranty loss reserves and credit losses on available-for-sale (“AFS”) debt securities. Cumulatively, these amounts are recognized as “Benefit (provision) for credit losses” in our consolidated statements of operations and comprehensive income.


	For the Year Ended December 31,
	2022		2021		2020
	(Dollars in millions)
Single-family allowance for loan losses:
Beginning balance	$	(4,950)	$	(9,344)	$	(8,759)
Transition impact of the adoption of the CECL standard	—		—		(1,229)
Benefit (provision) for loan losses	(5,061)		4,503		127
Write-offs	883		417		457
Recoveries	(276)		(419)		(93)
Other	(39)		(107)		153
Ending balance	$	(9,443)	$	(4,950)	$	(9,344)
Multifamily allowance for loan losses:
Beginning balance	$	(679)	$	(1,208)	$	(257)
Transition impact of the adoption of the CECL standard	—		—		(493)
Benefit (provision) for loan losses	(1,245)		519		(593)
Write-offs	43		59		136
Recoveries	(23)		(49)		(1)
Ending balance	$	(1,904)	$	(679)	$	(1,208)
Total allowance for loan losses:
Beginning balance	$	(5,629)	$	(10,552)	$	(9,016)
Transition impact of the adoption of the CECL standard	—		—		(1,722)
Benefit (provision) for loan losses	(6,306)		5,022		(466)
Write-offs	926		476		593
Recoveries	(299)		(468)		(94)
Other	(39)		(107)		153
Ending balance	$	(11,347)	$	(5,629)	$	(10,552)