Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

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,
	2024		2023		2024		2023
	(Dollars in millions)
Single-family allowance for loan losses:
Beginning balance	$	(6,275)	$	(9,479)	$	(6,671)	$	(9,443)
Benefit (provision) for loan losses	530		1,399		869		1,403
Write-offs	141		53		256		95
Recoveries	(99)		(27)		(157)		(103)
Other	—		64		—		58
Ending balance	$	(5,703)	$	(7,990)	$	(5,703)	$	(7,990)
Multifamily allowance for loan losses:
Beginning balance	$	(2,104)	$	(1,856)	$	(2,059)	$	(1,904)
Benefit (provision) for loan losses	(245)		(152)		(402)		(332)
Write-offs	38		17		171		254
Recoveries	(12)		(1)		(33)		(10)
Ending balance	$	(2,323)	$	(1,992)	$	(2,323)	$	(1,992)
Total allowance for loan losses:
Beginning balance	$	(8,379)	$	(11,335)	$	(8,730)	$	(11,347)
Benefit (provision) for loan losses	285		1,247		467		1,071
Write-offs	179		70		427		349
Recoveries	(111)		(28)		(190)		(113)
Other	—		64		—		58
Ending balance	$	(8,026)	$	(9,982)	$	(8,026)	$	(9,982)