XML 172 R92.htm IDEA: XBRL DOCUMENT v3.25.0.1
Fair Value - Financial Instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Fair Value Measurement [Domain]    
Financial assets:    
Netting Adjustment $ (362) $ (283)
Financial liabilities:    
Netting Adjustment (2,367) (3,200)
Available-for-sale securities 469 564
Total multifamily mortgage loans held for investment, at amortized cost 3,744 3,315
Derivative assets at fair value 179 202
Netting Adjustment (362) (283)
Derivative liabilities at fair value 154 140
Fannie Mae    
Financial liabilities:    
Debt: 385 761
Consolidated Trusts    
Financial liabilities:    
Debt: 13,292 14,343
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 38,536 33,981
Securities purchased under agreements to resell 0 0
Trading securities 77,610 47,764
Available-for-sale securities 0 0
Mortgage loans held for sale 0 0
Total multifamily mortgage loans held for investment, at amortized cost 0 0
Advances to lenders 0 0
Derivative assets at fair value 0 0
Guaranty assets and buy-ups 0 0
Total assets at fair value 116,146 81,745
Financial liabilities:    
Derivative liabilities at fair value 0 0
Guaranty obligations 0 0
Total financial liabilities 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fannie Mae    
Financial liabilities:    
Short-term debt: 0 0
Debt: 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Consolidated Trusts    
Financial liabilities:    
Debt: 0 0
Significant Other Observable Inputs (Level 2)    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 40,275 34,725
Securities purchased under agreements to resell 15,975 30,700
Trading securities 1,090 4,762
Available-for-sale securities 42 50
Mortgage loans held for sale 130 93
Total multifamily mortgage loans held for investment, at amortized cost 3,496,803 3,571,555
Advances to lenders 1,825 1,389
Derivative assets at fair value 487 395
Guaranty assets and buy-ups 0 0
Total assets at fair value 3,556,627 3,643,669
Financial liabilities:    
Derivative liabilities at fair value 2,506 3,327
Guaranty obligations 0 0
Total financial liabilities 3,700,088 3,760,502
Significant Other Observable Inputs (Level 2) | Fannie Mae    
Financial liabilities:    
Short-term debt: 11,193 17,317
Debt: 129,152 106,701
Significant Other Observable Inputs (Level 2) | Consolidated Trusts    
Financial liabilities:    
Debt: 3,557,237 3,633,157
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 28 26
Available-for-sale securities 427 514
Mortgage loans held for sale 258 2,196
Total multifamily mortgage loans held for investment, at amortized cost 127,763 130,022
Advances to lenders 0 0
Derivative assets at fair value 54 90
Guaranty assets and buy-ups 160 155
Total assets at fair value 128,690 133,003
Financial liabilities:    
Derivative liabilities at fair value 15 13
Guaranty obligations 60 65
Total financial liabilities 916 976
Significant Unobservable Inputs (Level 3) | Fannie Mae    
Financial liabilities:    
Short-term debt: 0 0
Debt: 567 605
Significant Unobservable Inputs (Level 3) | Consolidated Trusts    
Financial liabilities:    
Debt: 274 293
Carrying value    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 78,811 68,706
Securities purchased under agreements to resell 15,975 30,700
Trading securities 78,728 52,552
Available-for-sale securities 469 564
Mortgage loans held for sale 373 2,149
Total multifamily mortgage loans held for investment, at amortized cost 4,137,633 4,133,482
Advances to lenders 1,825 1,389
Derivative assets at fair value 179 202
Guaranty assets and buy-ups 64 73
Total assets at fair value 4,314,057 4,289,817
Financial liabilities:    
Derivative liabilities at fair value 154 140
Guaranty obligations 69 79
Total financial liabilities 4,228,320 4,222,937
Carrying value | Fannie Mae    
Financial liabilities:    
Short-term debt: 11,188 17,314
Debt: 128,234 106,751
Carrying value | Consolidated Trusts    
Financial liabilities:    
Debt: 4,088,675 4,098,653
Estimate of fair value    
Financial assets:    
Cash and cash equivalents, including restricted cash and cash equivalents 78,811 68,706
Securities purchased under agreements to resell 15,975 30,700
Trading securities 78,728 52,552
Available-for-sale securities 469 564
Mortgage loans held for sale 388 2,289
Total multifamily mortgage loans held for investment, at amortized cost 3,624,566 3,701,577
Advances to lenders 1,825 1,389
Derivative assets at fair value 179 202
Guaranty assets and buy-ups 160 155
Total assets at fair value 3,801,101 3,858,134
Financial liabilities:    
Derivative liabilities at fair value 154 140
Guaranty obligations 60 65
Total financial liabilities 3,698,637 3,758,278
Estimate of fair value | Fannie Mae    
Financial liabilities:    
Short-term debt: 11,193 17,317
Debt: 129,719 107,306
Estimate of fair value | Consolidated Trusts    
Financial liabilities:    
Debt: $ 3,557,511 $ 3,633,450