Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2023

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 “Benefit (provision) for credit losses” in our condensed consolidated statements of operations and comprehensive income.


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
	(Dollars in millions)
Single-family allowance for loan losses:
Beginning balance	$	(9,479)	$	(5,241)	$	(9,443)	$	(4,950)
Benefit (provision) for loan losses	1,399		(248)		1,403		(530)
Write-offs	53		248		95		275
Recoveries	(27)		(84)		(103)		(117)
Other	64		(64)		58		(67)
Ending balance	$	(7,990)	$	(5,389)	$	(7,990)	$	(5,389)
Multifamily allowance for loan losses:
Beginning balance	$	(1,856)	$	(658)	$	(1,904)	$	(679)
Benefit (provision) for loan losses	(152)		(12)		(332)		16
Write-offs	17		—		254		—
Recoveries	(1)		(10)		(10)		(17)

Ending balance	$	(1,992)	$	(680)	$	(1,992)	$	(680)
Total allowance for loan losses:
Beginning balance	$	(11,335)	$	(5,899)	$	(11,347)	$	(5,629)
Benefit (provision) for loan losses	1,247		(260)		1,071		(514)
Write-offs	70		248		349		275
Recoveries	(28)		(94)		(113)		(134)
Other	64		(64)		58		(67)
Ending balance	$	(9,982)	$	(6,069)	$	(9,982)	$	(6,069)