Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 38,229	$ 38,853
Restricted cash and cash equivalents (includes $33,264 and $31,893, respectively, related to consolidated trusts)	40,323	39,958
Securities purchased under agreements to resell (includes $1,553 and $0, respectively, related to consolidated trusts)	23,753	15,975
Investments in securities, at fair value	77,430	79,197
Mortgage loans:
Loans held for sale, at lower of cost or fair value	393	373
Loans held for investment, at amortized cost:	4,127,985	4,145,340
Allowance for loan losses	(8,247)	(7,707)
Total loans held for investment, net of allowance	4,119,738	4,137,633
Total mortgage loans	4,120,131	4,138,006
Advances to lenders	2,211	1,825
Deferred tax assets, net	10,127	10,545
Accrued interest receivable (includes $11,031 and $10,666, respectively, related to consolidated trusts)	11,678	11,364
Other assets	14,345	14,008
Total assets	4,338,227	4,349,731
Liabilities:
Accrued interest payable (includes $11,116 and $10,858, respectively, related to consolidated trusts)	11,841	11,585
Other liabilities (includes $1,663 and $1,699, respectively, related to consolidated trusts)	14,238	15,392
Total liabilities	4,236,591	4,255,074
Commitments and contingencies (Note 14)	0	0
Fannie Mae stockholders’ equity:
Senior preferred stock (liquidation preference of $219,811 and $212,029, respectively)	120,836	120,836
Preferred stock, 700,000,000 shares are authorized—555,374,922 shares issued and outstanding	19,130	19,130
Common stock, no par value, no maximum authorization—1,308,762,703 shares issued and 1,158,087,567 shares outstanding	687	687
Accumulated deficit	(31,647)	(38,625)
Accumulated other comprehensive income	30	29
Treasury stock, at cost, 150,675,136 shares	(7,400)	(7,400)
Total stockholders’ equity	101,636	94,657
Total liabilities and equity	4,338,227	4,349,731
Fannie Mae
Mortgage loans:
Loans held for investment, at amortized cost:	51,905	50,053
Liabilities:
Debt:	128,316	139,422
Consolidated Trusts
ASSETS
Restricted cash and cash equivalents (includes $33,264 and $31,893, respectively, related to consolidated trusts)	33,264	31,893
Securities purchased under agreements to resell (includes $1,553 and $0, respectively, related to consolidated trusts)	1,553	0
Mortgage loans:
Loans held for investment, at amortized cost:	4,076,080	4,095,287
Accrued interest receivable (includes $11,031 and $10,666, respectively, related to consolidated trusts)	11,031	10,666
Liabilities:
Accrued interest payable (includes $11,116 and $10,858, respectively, related to consolidated trusts)	11,116	10,858
Debt:	4,082,196	4,088,675
Other liabilities (includes $1,663 and $1,699, respectively, related to consolidated trusts)	$ 1,663	$ 1,699