Fair Value - Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fair Value Measurement [Domain]
Financial assets:
Derivative assets, gross amount offset	$ (290)	$ (283)
Financial liabilities:
Derivative liabilities, gross amount offset	(3,026)	(3,200)
Total Fair Value	507	564
Mortgage loans held for investment, net of allowance for loan losses	3,194	3,315
Derivative assets at fair value	219	202
Derivative assets, gross amount offset	(290)	(283)
Derivative liabilities at fair value	81	140
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents, including restricted cash and cash equivalents	35,763	33,981
Securities purchased under agreements to resell	0	0
Trading securities	48,045	47,764
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	83,808	81,745
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	42,550	34,725
Securities purchased under agreements to resell	27,650	30,700
Trading securities	1,315	4,762
Total Fair Value	46	50
Mortgage loans held for sale	79	93
Mortgage loans held for investment, net of allowance for loan losses	3,493,410	3,571,555
Advances to lenders	1,856	1,389
Derivative assets at fair value	400	395
Guaranty assets and buy-ups	0	0
Total financial assets	3,567,306	3,643,669
Financial liabilities:
Derivative liabilities at fair value	3,092	3,327
Guaranty obligations	0	0
Total financial liabilities	3,675,544	3,760,502
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	32	26
Total Fair Value	461	514
Mortgage loans held for sale	618	2,196
Mortgage loans held for investment, net of allowance for loan losses	127,303	130,022
Advances to lenders	0	0
Derivative assets at fair value	109	90
Guaranty assets and buy-ups	151	155
Total financial assets	128,674	133,003
Financial liabilities:
Derivative liabilities at fair value	15	13
Guaranty obligations	59	65
Total financial liabilities	984	976
Fannie Mae
Financial liabilities:
Long-term debt:	544	761
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:	12,007	17,317
Long-term debt:	106,618	106,701
Fannie Mae \| Significant Unobservable Inputs (Level 3)
Financial liabilities:
Short-term debt:	0	0
Long-term debt:	631	605
Consolidated Trusts
Financial liabilities:
Long-term debt:	13,239	14,343
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:	3,553,827	3,633,157
Consolidated Trusts \| Significant Unobservable Inputs (Level 3)
Financial liabilities:
Long-term debt:	279	293
Carrying Value
Financial assets:
Cash and cash equivalents, including restricted cash and cash equivalents	78,313	68,706
Securities purchased under agreements to resell	27,650	30,700
Trading securities	49,392	52,552
Total Fair Value	507	564
Mortgage loans held for sale	646	2,149
Mortgage loans held for investment, net of allowance for loan losses	4,128,568	4,133,482
Advances to lenders	1,856	1,389
Derivative assets at fair value	219	202
Guaranty assets and buy-ups	69	73
Total financial assets	4,287,220	4,289,817
Financial liabilities:
Derivative liabilities at fair value	81	140
Guaranty obligations	75	79
Total financial liabilities	4,213,120	4,222,937
Carrying Value \| Fannie Mae
Financial liabilities:
Short-term debt:	12,008	17,314
Long-term debt:	106,535	106,751
Carrying Value \| Consolidated Trusts
Financial liabilities:
Long-term debt:	4,094,421	4,098,653
Estimated Fair Value
Financial assets:
Cash and cash equivalents, including restricted cash and cash equivalents	78,313	68,706
Securities purchased under agreements to resell	27,650	30,700
Trading securities	49,392	52,552
Total Fair Value	507	564
Mortgage loans held for sale	697	2,289
Mortgage loans held for investment, net of allowance for loan losses	3,620,713	3,701,577
Advances to lenders	1,856	1,389
Derivative assets at fair value	219	202
Guaranty assets and buy-ups	151	155
Total financial assets	3,779,498	3,858,134
Financial liabilities:
Derivative liabilities at fair value	81	140
Guaranty obligations	59	65
Total financial liabilities	3,673,502	3,758,278
Estimated Fair Value \| Fannie Mae
Financial liabilities:
Short-term debt:	12,007	17,317
Long-term debt:	107,249	107,306
Estimated Fair Value \| Consolidated Trusts
Financial liabilities:
Long-term debt:	$ 3,554,106	$ 3,633,450

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Company may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element.

No definition available.