Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in millions)
Single-family allowance for loan losses:
Beginning balance	$	(7,990)	$	(5,389)	$	(9,443)	$	(4,950)
Benefit (provision) for loan losses	718		(2,339)		2,121		(2,869)
Write-offs	699		289		794		564
Recoveries	(48)		(65)		(151)		(182)
Other	(19)		16		39		(51)
Ending balance	$	(6,640)	$	(7,488)	$	(6,640)	$	(7,488)
Multifamily allowance for loan losses:
Beginning balance	$	(1,992)	$	(680)	$	(1,904)	$	(679)
Benefit (provision) for loan losses	(83)		(169)		(415)		(153)
Write-offs	52		39		306		39
Recoveries	(8)		(4)		(18)		(21)

Ending balance	$	(2,031)	$	(814)	$	(2,031)	$	(814)
Total allowance for loan losses:
Beginning balance	$	(9,982)	$	(6,069)	$	(11,347)	$	(5,629)
Benefit (provision) for loan losses	635		(2,508)		1,706		(3,022)
Write-offs	751		328		1,100		603
Recoveries	(56)		(69)		(169)		(203)
Other	(19)		16		39		(51)
Ending balance	$	(8,671)	$	(8,302)	$	(8,671)	$	(8,302)