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Fair Value - Levels Hierarchy (Details) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Total Fair Value $ 584 $ 696
Mortgage loans held for investment, net of allowance for loan losses 3,207 3,645
Derivative assets at fair value 149 175
Derivative assets, gross amount offset (321) (154)
Liabilities:    
Derivative liabilities 225 168
Fannie Mae    
Liabilities:    
Long-term debt: 833 1,161
Consolidated Trusts    
Liabilities:    
Long-term debt: 14,210 16,260
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Assets:    
Cash equivalents, including restricted cash equivalents 34,649 32,991
Trading securities 48,634 46,898
Total Fair Value 0 0
Mortgage loans held for investment, net of allowance for loan losses 0 0
Derivative assets at fair value 0 0
Total financial assets 83,283 79,889
Liabilities:    
Derivative liabilities 0 0
Total financial liabilities 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fannie Mae    
Liabilities:    
Long-term debt: 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Consolidated Trusts    
Liabilities:    
Long-term debt: 0 0
Significant Other Observable Inputs (Level 2)    
Assets:    
Cash equivalents, including restricted cash equivalents 47,150 54,850
Trading securities 2,630 3,184
Total Fair Value 169 62
Mortgage loans held for investment, net of allowance for loan losses 3,346,542 3,437,979
Derivative assets at fair value 417 300
Total financial assets 3,423,730 3,512,490
Liabilities:    
Derivative liabilities 4,452 4,764
Total financial liabilities 3,550,088 3,648,996
Significant Other Observable Inputs (Level 2) | Fannie Mae    
Liabilities:    
Long-term debt: 109,706 122,066
Significant Other Observable Inputs (Level 2) | Consolidated Trusts    
Liabilities:    
Long-term debt: 3,421,692 3,511,958
Significant Unobservable Inputs (Level 3)    
Assets:    
Cash equivalents, including restricted cash equivalents 0 0
Trading securities 24 47
Total Fair Value 415 634
Mortgage loans held for investment, net of allowance for loan losses 123,867 171,857
Derivative assets at fair value 53 29
Total financial assets 126,589 174,762
Liabilities:    
Derivative liabilities 14 66
Total financial liabilities 884 42,840
Significant Unobservable Inputs (Level 3) | Fannie Mae    
Liabilities:    
Long-term debt: 551 558
Significant Unobservable Inputs (Level 3) | Consolidated Trusts    
Liabilities:    
Long-term debt: 248 42,150
Recurring    
Assets:    
Cash equivalents, including restricted cash equivalents 494 0
Trading securities 51,288 50,129
Total Fair Value 584 696
Mortgage loans held for investment, net of allowance for loan losses 3,207 3,645
Derivative assets at fair value 149 175
Derivative assets, gross amount offset (321) (154)
Total financial assets 55,722 54,645
Liabilities:    
Long-term debt: 15,043 17,421
Derivative liabilities 225 168
Derivative liabilities, gross amount offset (4,241) (4,662)
Total financial liabilities 15,268 17,589
Recurring | Fannie Mae    
Liabilities:    
Long-term debt: 833 1,161
Recurring | Consolidated Trusts    
Liabilities:    
Long-term debt: 14,210 16,260
Recurring | Mortgage-related    
Assets:    
Trading securities 2,634 3,211
Recurring | Non-mortgage-related securities    
Assets:    
Trading securities 48,654 46,918
Recurring | Other agency    
Assets:    
Total Fair Value 376 426
Recurring | Other mortgage-related    
Assets:    
Total Fair Value 208 270
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Assets:    
Cash equivalents, including restricted cash equivalents 494 0
Trading securities 48,634 46,898
Total Fair Value 0 0
Mortgage loans held for investment, net of allowance for loan losses 0 0
Derivative assets at fair value 0 0
Total financial assets 49,128 46,898
Liabilities:    
Long-term debt: 0 0
Derivative liabilities 0 0
Total financial liabilities 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fannie Mae    
Liabilities:    
Long-term debt: 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Consolidated Trusts    
Liabilities:    
Long-term debt: 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-related    
Assets:    
Trading securities 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Non-mortgage-related securities    
Assets:    
Trading securities 48,634 46,898
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other agency    
Assets:    
Total Fair Value 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other mortgage-related    
Assets:    
Total Fair Value 0 0
Recurring | Significant Other Observable Inputs (Level 2)    
Assets:    
Cash equivalents, including restricted cash equivalents 0 0
Trading securities 2,630 3,184
Total Fair Value 169 62
Mortgage loans held for investment, net of allowance for loan losses 2,716 3,102
Derivative assets at fair value 417 300
Total financial assets 5,932 6,648
Liabilities:    
Long-term debt: 14,734 17,043
Derivative liabilities 4,452 4,764
Total financial liabilities 19,186 21,807
Recurring | Significant Other Observable Inputs (Level 2) | Fannie Mae    
Liabilities:    
Long-term debt: 593 919
Recurring | Significant Other Observable Inputs (Level 2) | Consolidated Trusts    
Liabilities:    
Long-term debt: 14,141 16,124
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-related    
Assets:    
Trading securities 2,610 3,164
Recurring | Significant Other Observable Inputs (Level 2) | Non-mortgage-related securities    
Assets:    
Trading securities 20 20
Recurring | Significant Other Observable Inputs (Level 2) | Other agency    
Assets:    
Total Fair Value 164 55
Recurring | Significant Other Observable Inputs (Level 2) | Other mortgage-related    
Assets:    
Total Fair Value 5 7
Recurring | Significant Unobservable Inputs (Level 3)    
Assets:    
Cash equivalents, including restricted cash equivalents 0 0
Trading securities 24 47
Total Fair Value 415 634
Mortgage loans held for investment, net of allowance for loan losses 491 543
Derivative assets at fair value 53 29
Total financial assets 983 1,253
Liabilities:    
Long-term debt: 309 378
Derivative liabilities 14 66
Total financial liabilities 323 444
Recurring | Significant Unobservable Inputs (Level 3) | Fannie Mae    
Liabilities:    
Long-term debt: 240 242
Recurring | Significant Unobservable Inputs (Level 3) | Consolidated Trusts    
Liabilities:    
Long-term debt: 69 136
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-related    
Assets:    
Trading securities 24 47
Recurring | Significant Unobservable Inputs (Level 3) | Non-mortgage-related securities    
Assets:    
Trading securities 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Other agency    
Assets:    
Total Fair Value 212 371
Recurring | Significant Unobservable Inputs (Level 3) | Other mortgage-related    
Assets:    
Total Fair Value $ 203 $ 263