Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31,
			2024		2023
		(Dollars in millions)
Single-family allowance for loan losses:
Beginning balance			$	(6,671)	$	(9,443)
Benefit for loan losses			339		4
Write-offs			115		42
Recoveries			(58)		(76)
Other			—		(6)
Ending balance			$	(6,275)	$	(9,479)
Multifamily allowance for loan losses:
Beginning balance			$	(2,059)	$	(1,904)
Provision for loan losses			(157)		(180)
Write-offs			133		237
Recoveries			(21)		(9)

Ending balance			$	(2,104)	$	(1,856)
Total allowance for loan losses:
Beginning balance			$	(8,730)	$	(11,347)
Benefit (provision) for loan losses			182		(176)
Write-offs			248		279
Recoveries			(79)		(85)
Other			—		(6)
Ending balance			$	(8,379)	$	(11,335)