Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 30,
	2024		2023		2024		2023
	(Dollars in millions)
Single-family allowance for loan losses:
Beginning balance	$	(5,703)	$	(7,990)	$	(6,671)	$	(9,443)
Benefit (provision) for loan losses	409		718		1,278		2,121
Write-offs	231		699		487		794
Recoveries	(23)		(48)		(180)		(151)
Other	—		(19)		—		39
Ending balance	$	(5,086)	$	(6,640)	$	(5,086)	$	(6,640)
Multifamily allowance for loan losses:
Beginning balance	$	(2,323)	$	(1,992)	$	(2,059)	$	(1,904)
Benefit (provision) for loan losses	(423)		(83)		(825)		(415)
Write-offs	224		52		395		306
Recoveries	(48)		(8)		(81)		(18)
Ending balance	$	(2,570)	$	(2,031)	$	(2,570)	$	(2,031)
Total allowance for loan losses:
Beginning balance	$	(8,026)	$	(9,982)	$	(8,730)	$	(11,347)
Benefit (provision) for loan losses	(14)		635		453		1,706
Write-offs	455		751		882		1,100
Recoveries	(71)		(56)		(261)		(169)
Other	—		(19)		—		39
Ending balance	$	(7,656)	$	(8,671)	$	(7,656)	$	(8,671)