XML 102 R72.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value - Fair Value of Financial Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Fair Value Measurement [Domain]    
Financial assets:    
Derivative assets, gross amount offset $ (218) $ (154)
Financial liabilities:    
Derivative liabilities, gross amount offset (4,227) (4,662)
Total Fair Value 646 696
Mortgage loans held for investment, net of allowance for loan losses 3,433 3,645
Derivative assets at fair value 145 175
Derivative assets, gross amount offset (218) (154)
Derivative liabilities at fair value 297 168
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 36,235 32,991
Securities purchased under agreements to resell 0 0
Trading securities 48,207 46,898
Total 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 84,442 79,889
Financial liabilities:    
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 43,200 54,850
Securities purchased under agreements to resell 33,050 14,565
Trading securities 2,350 3,184
Total Fair Value 55 62
Mortgage loans held for sale 31 48
Mortgage loans held for investment, net of allowance for loan losses 3,455,655 3,437,979
Advances to lenders 3,483 1,502
Derivative assets at fair value 281 300
Guaranty assets and buy-ups 0 0
Total financial assets 3,538,105 3,512,490
Financial liabilities:    
Derivative liabilities at fair value 4,454 4,764
Guaranty obligations 0 0
Total financial liabilities 3,674,709 3,648,996
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 28 47
Total Fair Value 591 634
Mortgage loans held for sale 495 2,029
Mortgage loans held for investment, net of allowance for loan losses 166,079 171,857
Advances to lenders 0 0
Derivative assets at fair value 82 29
Guaranty assets and buy-ups 162 166
Total financial assets 167,437 174,762
Financial liabilities:    
Derivative liabilities at fair value 70 66
Guaranty obligations 65 66
Total financial liabilities 40,276 42,840
Fannie Mae    
Financial liabilities:    
Long-term debt: 884 1,161
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: 15,619 10,208
Long-term debt: 121,057 122,066
Fannie Mae | Significant Unobservable Inputs (Level 3)    
Financial liabilities:    
Short-term debt: 0 0
Long-term debt: 574 558
Consolidated Trusts    
Financial liabilities:    
Long-term debt: 15,172 16,260
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: 3,533,579 3,511,958
Consolidated Trusts | Significant Unobservable Inputs (Level 3)    
Financial liabilities:    
Long-term debt: 39,567 42,150
Carrying Value    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 79,435 87,841
Securities purchased under agreements to resell 33,050 14,565
Trading securities 50,585 50,129
Total Fair Value 646 696
Mortgage loans held for sale 513 2,033
Mortgage loans held for investment, net of allowance for loan losses 4,120,612 4,112,403
Advances to lenders 3,483 1,502
Derivative assets at fair value 145 175
Guaranty assets and buy-ups 78 87
Total financial assets 4,288,547 4,269,431
Financial liabilities:    
Derivative liabilities at fair value 297 168
Guaranty obligations 85 94
Total financial liabilities 4,232,732 4,222,150
Carrying Value | Fannie Mae    
Financial liabilities:    
Short-term debt: 15,628 10,204
Long-term debt: 122,068 123,964
Carrying Value | Consolidated Trusts    
Financial liabilities:    
Long-term debt: 4,094,654 4,087,720
Fair Value    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 79,435 87,841
Securities purchased under agreements to resell 33,050 14,565
Trading securities 50,585 50,129
Total Fair Value 646 696
Mortgage loans held for sale 526 2,077
Mortgage loans held for investment, net of allowance for loan losses 3,621,734 3,609,836
Advances to lenders 3,483 1,502
Derivative assets at fair value 145 175
Guaranty assets and buy-ups 162 166
Total financial assets 3,789,766 3,766,987
Financial liabilities:    
Derivative liabilities at fair value 297 168
Guaranty obligations 65 66
Total financial liabilities 3,710,758 3,687,174
Fair Value | Fannie Mae    
Financial liabilities:    
Short-term debt: 15,619 10,208
Long-term debt: 121,631 122,624
Fair Value | Consolidated Trusts    
Financial liabilities:    
Long-term debt: $ 3,573,146 $ 3,554,108