XML 118 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Financial Guarantees (Tables)
12 Months Ended
Dec. 31, 2024
Guarantees [Abstract]  
Schedule of Guarantor Obligations The following table displays our off-balance sheet maximum exposure, guaranty obligation recognized in our
consolidated balance sheets and the potential maximum recovery from third parties through available credit
enhancements and recourse related to our financial guarantees.
As of December 31,
2024
2023
Maximum
Exposure
Guaranty
Obligation
Maximum
Recovery(1)
Maximum
Exposure
Guaranty
Obligation
Maximum
Recovery(1)
(Dollars in millions)
Unconsolidated Fannie Mae MBS
$2,484
$13
$2,432
$2,778
$14
$2,713
Other guaranty arrangements(2)
8,914
56
1,954
9,154
65
1,967
Total
$11,398
$69
$4,386
$11,932
$79
$4,680
(1)Recoverability of such credit enhancements and recourse is subject to, among other factors, the ability of our mortgage insurers and the
U.S. government, as a financial guarantor, to meet their obligations to us. For information on our mortgage insurers, see “Note 14,
Concentrations of Credit Risk.”
(2)Primarily consists of credit enhancements and long-term standby commitments.