Conservatorship, Senior Preferred Stock Purchase Agreement and Related Matters (Tables)

9 Months Ended

Sep. 30, 2024

Conservatorship, Preferred Stock Agreements, And Related Parties [Abstract]

The following table provides the income statement impact of our related party transactions for the periods presented in addition to the associated liability at period end. The associated liability represents amounts accrued with respect to the related party transactions that have not yet been paid to the applicable related parties. In addition to the impact described in the table below, our investment in CSS, which is accounted for using the equity method, is classified as “Other assets” in our condensed consolidated balance sheets. We contributed $14 million and $13 million to CSS for the three months ended September 30, 2024 and 2023, respectively. We contributed $52 million and $55 million to CSS for the nine months ended September 30, 2024 and 2023, respectively.


Related Party	Activity	Income Statement Classification	For the Three Months Ended September 30,				For the Nine Months Ended September 30,				Other Liabilities as of September 30, 2024
			2024		2023		2024		2023
			(Dollars in millions)
Treasury	TCCA fees	TCCA fees(1)	$	862	$	860	$	2,581	$	2,571	$	862
Treasury	Treasury’s Capital Magnet Fund	Other expenses, net	15		15		40		42		40
FHFA	FHFA regulatory assessment fees	Other administrative expenses	41		39		121		118		—
Treasury & Freddie Mac	Making Home Affordable Program reimbursements	Administrative expenses	—		—		—		6		—
CSS & Freddie Mac	Net operating losses associated with our investment in CSS	Other expenses, net	14		13		52		55		—

(1)Consists of the portion of our single-family guaranty fees that is paid to Treasury pursuant to the TCCA. The resulting fee revenue and expense are recorded in “Interest income: Mortgage loans” and “TCCA fees,” respectively, in our condensed consolidated statements of operations and comprehensive income.