Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Financing Receivable, Allowance for Credit Loss

The following table displays changes in our allowance for single-family loans, multifamily loans and total allowance for loan losses. 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 “Provision for credit losses” in our condensed consolidated statements of operations and comprehensive income.

		For the Three Months Ended March 31,
		2023		2022
	(Dollars in millions)
Single-family allowance for loan losses:
Beginning balance		$	(9,443)	$	(4,950)
Benefit (provision) for loan losses		4		(282)
Write-offs		42		27
Recoveries		(76)		(33)
Other		(6)		(3)
Ending balance		$	(9,479)	$	(5,241)
Multifamily allowance for loan losses:
Beginning balance		$	(1,904)	$	(679)
Benefit (provision) for loan losses		(180)		28
Write-offs		237		—
Recoveries		(9)		(7)
Ending balance		$	(1,856)	$	(658)
Total allowance for loan losses:
Beginning balance		$	(11,347)	$	(5,629)
Benefit (provision) for loan losses		(176)		(254)
Write-offs		279		27
Recoveries		(85)		(40)
Other		(6)		(3)
Ending balance		$	(11,335)	$	(5,899)