Federal Home Loan Mortgage (FMCC) 10-Q 30 Oct 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 08, 2024
Document Information [Line Items]
Document Quarterly Report	true
Document Transition Report	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2024
Entity File Number	001-34139
Entity Registrant Name	Federal Home Loan Mortgage Corporation
Entity Incorporation, State or Country Code	X1
Entity Tax Identification Number	52-0904874
Entity Address, Address Line One	8200 Jones Branch Drive
Entity Address, City or Town	McLean,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102-3110
City Area Code	(703)
Local Phone Number	903-2000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		650,059,553
Entity Central Index Key	0001026214
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net interest income
Interest income	$ 29,809	$ 26,799	$ 87,258	$ 77,541
Interest Expense, Operating	24,810	22,050	72,572	63,768
Net interest income	4,999	4,749	14,686	13,773
Non-interest income
Guarantee income	487	301	1,366	1,076
Investment gains, net	243	555	1,197	741
Other income	109	85	334	266
Non-interest income	839	941	2,897	2,083
Net revenues	5,838	5,690	17,583	15,856
(Provision) benefit for credit losses	191	263	(384)	405
Non-interest expense
Salaries and employee benefits	(424)	(418)	(1,265)	(1,197)
Credit enhancement expense	(616)	(634)	(1,801)	(1,754)
Benefit for (decrease in) credit enhancement recoveries	(4)	(103)	(10)	(162)
Legislative assessments expense	(780)	(757)	(2,302)	(2,243)
Other expense	(359)	(664)	(1,061)	(1,356)
Non-interest expense	(2,183)	(2,576)	(6,439)	(6,712)
Income before income tax expense	3,846	3,377	10,760	9,549
Income tax expense	(741)	(692)	(2,124)	(1,925)
Net income	3,105	2,685	8,636	7,624
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other comprehensive income (loss), net of taxes and reclassification adjustments	62	19	32	19
Comprehensive income	3,167	2,704	8,668	7,643
Net income	3,105	2,685	8,636	7,624
Amounts attributable to senior preferred stock	(3,167)	(2,704)	(8,668)	(7,643)
Net income (loss) attributable to common stockholders	$ (62)	$ (19)	$ (32)	$ (19)
Net income (loss) per common share - basic (in dollars per share)	$ (0.02)	$ (0.01)	$ (0.01)	$ (0.01)
Net income (loss) per common share - diluted (in dollars per share)	$ (0.02)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average common shares outstanding - basic (in shares)	3,234	3,234	3,234	3,234
Weighted average common shares outstanding - diluted (in shares)	3,234	3,234	3,234	3,234

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets [Abstract]
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	$ 4,857	$ 6,019
Securities purchased under agreements to resell	103,110	95,148
Investment securities, at fair value	43,613	43,275
Mortgage loans held-for-sale (includes $8,353 and $7,356 at fair value)	11,678	12,941
Total held-for-investment mortgage loans, net	3,140,319	3,083,665
Accrued interest receivable	10,561	9,925
Deferred tax assets, net	4,730	4,076
Other Assets	23,715	25,927
Total assets	3,342,583	3,280,976
Liabilities [Abstract]
Accrued interest payable	9,222	8,812
Debt	3,265,267	3,208,346
Other liabilities (includes $937 and $873 at fair value)	11,704	16,096
Total liabilities	3,286,193	3,233,254
Equity
Senior preferred stock (liquidation preference of $125,871 and $117,309)	72,648	72,648
Preferred stock, at redemption value	14,109	14,109
Common stock, $0.00 par value, 4,000,000,000 shares authorized, 725,863,886 shares issued and 650,059,553 shares outstanding	0	0
Retained earnings	(26,492)	(35,128)
AOCI, net of taxes, related to:
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax	107	72
Accumulated Other Comprehensive (Income) Loss, Other, after Tax	(97)	(94)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total	10	(22)
Treasury stock, at cost, 75,804,333 shares	(3,885)	(3,885)
Total equity	56,390	47,722
Total liabilities and equity	3,342,583	3,280,976
Held by consolidated trusts
Assets [Abstract]
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	1,107	891
Securities purchased under agreements to resell	13,429	9,396
Investment securities, at fair value	2	65
Total held-for-investment mortgage loans, net	3,084,458	3,039,461
Accrued interest receivable	9,604	8,885
Other Assets	6,575	4,858
Total assets	3,115,175	3,063,556
Liabilities [Abstract]
Accrued interest payable	8,218	7,527
Debt	3,092,140	3,041,927
Total liabilities	$ 3,100,358	$ 3,049,454

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets [Abstract]
Restricted cash and cash equivalents	$ 1,219	$ 978
Mortgage loans held-for-sale, fair value	8,353	7,356
Mortgage Loans held-for-investment, fair value	2,371	1,806
Allowance for credit losses	6,737	6,383
Other assets, fair value	6,166	6,095
Equity
Senior preferred stock, liquidation preference	$ 125,871	$ 117,309
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized	4,000,000,000	4,000,000,000
Common stock, shares issued	725,863,886	725,863,886
Common stock, shares outstanding	650,059,553	650,059,553
Liabilities [Abstract]
Debt instrument recorded at fair value	$ 3,122	$ 2,476
Other Liabilities, Fair Value	$ 937	$ 873
Treasury Stock, Common, Shares	75,804,333	75,804,333
Held by consolidated trusts
Assets [Abstract]
Restricted cash and cash equivalents	$ 1,106	$ 890
Liabilities [Abstract]
Debt instrument recorded at fair value	$ 2,800	$ 2,100

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Senior Preferred Stock	Preferred Stock, at Redemption Value	Common Stock, at Par Value	Retained Earnings	AOCI, Net of Tax	Treasury Stock, at Cost
Beginning balance at Dec. 31, 2022	$ 37,018	$ 72,648	$ 14,109	$ 0	$ (45,666)	$ (188)	$ (3,885)
Beginning balance (in shares) at Dec. 31, 2022		1	464	650
Comprehensive income:
Net income	7,624				7,624
Changes in net unrealized gains on available-for-sale securities (net of taxes)	(80)					(80)
Reclassification adjustment for (gains) losses on available-for-sale securities included in net income (net of taxes)	93					93
Other (net of taxes)	6					6
Comprehensive income	7,643				7,624	19
Ending balance at Sep. 30, 2023	44,661	$ 72,648	$ 14,109	$ 0	(38,042)	(169)	(3,885)
Ending balance (in shares) at Sep. 30, 2023		1	464	650
Beginning balance at Jun. 30, 2023	41,957	$ 72,648	$ 14,109	$ 0	(40,727)	(188)	(3,885)
Beginning balance (in shares) at Jun. 30, 2023		1	464	650
Comprehensive income:
Net income	2,685				2,685
Changes in net unrealized gains on available-for-sale securities (net of taxes)	(76)					(76)
Reclassification adjustment for (gains) losses on available-for-sale securities included in net income (net of taxes)	93					93
Other (net of taxes)	2					2
Comprehensive income	2,704				2,685	19
Ending balance at Sep. 30, 2023	44,661	$ 72,648	$ 14,109	$ 0	(38,042)	(169)	(3,885)
Ending balance (in shares) at Sep. 30, 2023		1	464	650
Beginning balance at Dec. 31, 2023	47,722	$ 72,648	$ 14,109	$ 0	(35,128)	(22)	(3,885)
Beginning balance (in shares) at Dec. 31, 2023		1	464	650
Comprehensive income:
Net income	8,636				8,636
Changes in net unrealized gains on available-for-sale securities (net of taxes)	38					38
Reclassification adjustment for (gains) losses on available-for-sale securities included in net income (net of taxes)	(3)					(3)
Other (net of taxes)	(3)					(3)
Comprehensive income	8,668				8,636	32
Ending balance at Sep. 30, 2024	56,390	$ 72,648	$ 14,109	$ 0	(26,492)	10	(3,885)
Ending balance (in shares) at Sep. 30, 2024		1	464	650
Beginning balance at Jun. 30, 2024	53,223	$ 72,648	$ 14,109	$ 0	(29,597)	(52)	(3,885)
Beginning balance (in shares) at Jun. 30, 2024		1	464	650
Comprehensive income:
Net income	3,105				3,105
Changes in net unrealized gains on available-for-sale securities (net of taxes)	66					66
Reclassification adjustment for (gains) losses on available-for-sale securities included in net income (net of taxes)	(5)					(5)
Other (net of taxes)	1					1
Comprehensive income	3,167				3,105	62
Ending balance at Sep. 30, 2024	$ 56,390	$ 72,648	$ 14,109	$ 0	$ (26,492)	$ 10	$ (3,885)
Ending balance (in shares) at Sep. 30, 2024		1	464	650

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net cash provided by (used in) operating activities	$ 7,527	$ 5,732
Cash flows from investing activities
Purchases	(67,229)	(80,201)
Proceeds from sales	58,878	68,829
Proceeds from maturities and repayments	7,188	11,889
Purchases	(101,439)	(77,032)
Proceeds from sales	2,351	6,369
Proceeds from repayments	199,400	187,581
Advances under secured lending arrangements	(77,138)	(74,579)
Net (increase) decrease in securities purchased under agreements to resell	173	(19,647)
Cash flows related to derivatives	1,029	4,799
Other, net	(11)	(349)
Net cash provided by (used in) investing activities	23,202	27,659
Net Cash Provided by (Used in) Financing Activities [Abstract]
Net increase (decrease) in securities sold under agreements to repurchase	(8,135)	(7,196)
Other, net	(7)	(143)
Net cash provided by (used in) financing activities	(31,891)	(34,397)
Net increase (decrease) in cash and cash equivalents (includes restricted cash and cash equivalents)	(1,162)	(1,006)
Cash and cash equivalents (includes restricted cash and cash equivalents) at the beginning of year	6,019	6,360
Cash and cash equivalents (includes restricted cash and cash equivalents) at end of period	4,857	5,354
Cash paid for:
Debt interest	74,239	64,399
Income taxes	2,650	700
Held by consolidated trusts
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from issuance	172,208	158,006
Repayments and redemptions	(200,316)	(190,833)
Cash and cash equivalents (includes restricted cash and cash equivalents) at the beginning of year	891
Cash and cash equivalents (includes restricted cash and cash equivalents) at end of period	1,107
Held by Freddie Mac
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from issuance	145,578	130,442
Repayments and redemptions	$ (141,219)	$ (124,673)

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Changes in net unrealized gains (losses) on available-for-sale securities, taxes	$ 18	$ 20	$ 10	$ 21
Reclassification adjustment for (gains) losses on available-for-sale securities included in net income, taxes	1	25	1	24
Other, taxes	$ 0	$ 0	$ 1	$ 1

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Summary of Significant Accounting Policies Freddie Mac is a GSE chartered by Congress in 1970, with a mission to provide liquidity, stability, and affordability to the U.S. housing market. We are regulated by FHFA, the SEC, HUD, and Treasury, and are currently operating under the conservatorship of FHFA. The conservatorship and related matters significantly affect our management, business activities, financial condition, and results of operations. In connection with our entry into conservatorship, we entered into the Purchase Agreement with Treasury, under which we issued Treasury both senior preferred stock and a warrant to purchase common stock. Our Purchase Agreement with Treasury is critical to keeping us solvent and avoiding the appointment of a receiver by FHFA under statutory mandatory receivership provisions. We believe the support provided by Treasury pursuant to the Purchase Agreement currently enables us to have adequate liquidity to conduct normal business activities. For more information on the conservatorship, the roles of FHFA and Treasury, and the Purchase Agreement, see our 2023 Annual Report. Throughout our unaudited condensed consolidated financial statements and related notes, we use certain acronyms and terms which are defined in the Glossary of our 2023 Annual Report. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes in our 2023 Annual Report. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP and include our accounts as well as the accounts of other entities in which we have a controlling financial interest. All intercompany balances and transactions have been eliminated. We are operating under the basis that we will realize assets and satisfy liabilities in the normal course of business as a going concern and in accordance with the authority provided by FHFA to our Board of Directors to oversee management's conduct of our business operations. In the opinion of management, our unaudited condensed consolidated financial statements contain all adjustments, which include only normal recurring adjustments, necessary for a fair statement of our results. Use of Estimates The preparation of our condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities at the date of the financial statements. Management has made significant estimates to report the allowance for credit losses on single-family mortgage loans. Actual results could be different from these estimates. Consolidation and Equity Investments For each entity with which we are involved, we determine whether the entity should be consolidated in our financial statements. We consolidate entities in which we have a controlling financial interest. The method for determining whether a controlling financial interest exists varies depending on whether the entity is a VIE. For entities that are not VIEs, we hold a controlling financial interest in entities where we hold a majority of the voting rights or a majority of a limited partnership's kick-out rights through voting interests. We do not currently consolidate any entities which are not VIEs. We use the equity method to account for our interests in entities in which we do not have a controlling financial interest, but over which we have significant influence. We invest in LIHTC partnerships to support and preserve the supply of affordable housing. We have elected to account for these investments using the proportional amortization method when applicable. The carrying amount of our investments in LIHTC partnerships is presented in other assets on our condensed consolidated balance sheets and totaled $3.8 billion as of September 30, 2024. Recently Issued Accounting Guidance Recently Adopted Accounting Guidance Standard Description Date of Effect on Consolidated Financial Statements ASU 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The amendments in this Update expand the use of the proportional amortization method of accounting to equity investments in other tax credit structures that meet certain conditions. This Update also amends those conditions primarily to assess projected benefits on a discounted basis and expands the disclosure requirements of those investments. January 1, 2024 The adoption of these amendments did not have a material effect on our consolidated financial statements. See the preceding section Consolidation and Equity Investments for additional information. Recently Issued Accounting Guidance, Not Yet Adopted Within Our Consolidated Financial Statements Standard Description Date of Effect on Consolidated Financial Statements ASU 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments in this Update require the disclosure of more detailed quantitative and qualitative information about significant segment expenses that are regularly provided to the CODM and included in each reported measure of segment profit or loss. December 31, 2024 We do not expect the adoption of ASU 2023-09 , Income Taxes (Topic 740): Improvements to Income Tax Disclosures The amendments in this Update require annual disclosure of more detailed tax rate reconciliation categories and income taxes paid by geography and jurisdiction. January 1, 2025 We do not expect the adoption of

Securitization Activities and C

Securitization Activities and Consolidation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Securitization Activities and Consolidation	Securitizations and Variable Interest Entities Nonconsolidated VIEs The table below presents the carrying amounts and classification of the assets and liabilities recorded on our condensed consolidated balance sheets that relate to our variable interests in VIEs for which we are not the primary beneficiary and with which we were involved in the design and creation and have a significant continuing involvement, our maximum exposure to loss as a result of our involvement with such VIEs, and the total assets of the VIEs. Our involvement with such VIEs primarily consists of guarantees that we have issued to the VIE, some of which are accounted for as derivative instruments, and investments in debt securities issued by the VIE. See Note 4 for additional information on our guarantees to nonconsolidated VIEs. Total assets shown in the table below represents the remaining UPB of the mortgage loans or other noncash financial assets held by the VIE and excludes cash and nonfinancial assets held by the VIE. Maximum exposure to loss shown in the table below is primarily based on the remaining UPB of the guaranteed securities issued by the VIE and represents the contractual amounts that could be lost if the assets of the VIE (including the assets in the related reference pool for CRT products) became worthless at the balance sheet date, without consideration of proceeds from related collateral liquidation and possible recoveries under credit enhancements. We do not believe the maximum exposure to loss from our involvement with nonconsolidated VIEs is representative of the actual loss we are likely to incur based on our historical loss experience and after consideration of proceeds from related collateral liquidation and available credit enhancements. Table 2.1 - Nonconsolidated VIEs September 30, 2024 Carrying Amounts of the Assets and Liabilities on the Condensed Consolidated Balance Sheets Total Assets Maximum Exposure to Loss (In millions) Investment Securities Accrued Interest Receivable and Other Assets (1) Liabilities (1) Single-Family: Securitization products $1,703 $169 $456 $30,287 $24,684 Resecuritization products (2) 4,925 63 578 105,769 105,769 CRT products (3) — 90 196 27,648 8 Total Single-Family 6,628 322 1,230 163,704 130,461 Multifamily: Securitization products (4) 5,658 5,361 4,351 359,166 320,710 CRT products (3) — 28 14 1,537 23 Total Multifamily 5,658 5,389 4,365 360,703 320,733 Other — 7 5 83 454 Total $12,286 $5,718 $5,600 $524,490 $451,648 Referenced footnotes are included after the prior period table. December 31, 2023 Carrying Amounts of the Assets and Liabilities on the Condensed Consolidated Balance Sheets Total Assets Maximum Exposure to Loss (In millions) Investment Securities Accrued Interest Receivable and Other Assets (1) Liabilities (1) Single-Family: Securitization products $1,272 $172 $427 $30,298 $24,600 Resecuritization products (2) 4,952 67 626 110,320 110,320 CRT products (3) — 92 220 29,126 14 Total Single-Family 6,224 331 1,273 169,744 134,934 Multifamily: Securitization products (4) 5,985 5,082 4,652 360,928 321,262 CRT products (3) — 11 7 1,359 8 Total Multifamily 5,985 5,093 4,659 362,287 321,270 Other — 7 5 117 468 Total $12,209 $5,431 $5,937 $532,148 $456,672 (1) Other assets primarily include our guarantee assets. Liabilities primarily include our guarantee obligations. (2) Total assets and maximum exposure to loss are based on the UPB of Fannie Mae securities underlying commingled Freddie Mac resecuritization trusts. We exclude noncommingled resecuritization trusts from these amounts as we have already guaranteed the underlying collateral and therefore noncommingled resecuritizations do not involve any incremental assets or create any incremental exposure to credit risk. Total assets exclude less than $0.1 billion and $0.1 billion as of September 30, 2024 and December 31, 2023, respectively, of Fannie Mae securities that we have guaranteed that are included in resecuritization trusts that we have consolidated as we own all of the outstanding securities issued by the VIE. (3) Maximum exposure to loss is based on our expected recovery receivables and excludes our obligations to make certain payments to the VIE to support payment of the interest due on the notes issued by the VIE, which we account for as derivative instruments. The notional value of these derivative instruments is equal to the total assets of the VIE.

Mortgage Loans

Mortgage Loans	9 Months Ended
	Sep. 30, 2024
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Mortgage Loans	Mortgage Loans The table below provides details of the loans on our condensed consolidated balance sheets. Table 3.1 - Mortgage Loans September 30, 2024 December 31, 2023 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Held-for-sale UPB $2,803 $9,051 $11,854 $3,527 $9,905 $13,432 Cost basis and fair value adjustments, net (510) 334 (176) (712) 221 (491) Total held-for-sale loans, net 2,293 9,385 11,678 2,815 10,126 12,941 Held-for-investment UPB 3,041,016 72,709 3,113,725 2,996,509 59,203 3,055,712 Cost basis and fair value adjustments, net (1) 33,665 (334) 33,331 34,627 (291) 34,336 Allowance for credit losses (6,392) (345) (6,737) (6,057) (326) (6,383) Total held-for-investment loans, net (2) 3,068,289 72,030 3,140,319 3,025,079 58,586 3,083,665 Total mortgage loans, net $3,070,582 $81,415 $3,151,997 $3,027,894 $68,712 $3,096,606 (1) Includes ($0.1) billion and ($0.2) billion of basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method fair value hedge relationships as of September 30, 2024 and December 31, 2023, respectively. (2) Includes $2.4 billion and $1.8 billion of multifamily held-for-investment loans for which we have elected the fair value option as of September 30, 2024 and December 31, 2023, respectively . The table below provides details of the UPB of loans we purchased and sold during the periods presented. Table 3.2 - Loans Purchased and Sold (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Single-Family: Purchases: Held-for-investment loans $98,243 $85,431 $245,751 $227,246 Sales of held-for-sale loans (1) 658 471 1,657 471 Multifamily: Purchases: Held-for-investment loans 7,867 3,076 14,283 11,086 Held-for-sale loans 6,028 9,984 19,068 20,077 Sales of held-for-sale loans (2) 6,606 8,722 19,671 23,498 (1) Our sales of single-family loans reflect the sale of single-family seasoned loans. (2) Our sales of multifamily loans occur primarily through the issuance of Multifamily K Certificates. Reclassifications The table below presents the allowance for credit losses or valuation allowance that was reversed or established due to loan reclassifications between held-for-investment and held-for-sale during the periods presented. Table 3.3 - Loan Reclassifications (1) 3Q 2024 3Q 2023 (In millions) UPB Allowance for Credit Losses Reversed or (Established) Valuation Allowance (Established) or Reversed UPB Allowance for Credit Losses Reversed or (Established) Valuation Allowance (Established) or Reversed Single-Family reclassifications from: Held-for-investment to held-for-sale $428 $14 $— $1,199 $23 $— Held-for-sale to held-for-investment (2) 78 6 5 75 4 10 Multifamily reclassifications from: Held-for-investment to held-for-sale 404 1 (14) 785 2 (8) Held-for-sale to held-for-investment (2) 38 — 1 40 (1) 2 YTD 2024 YTD 2023 (In millions) UPB Allowance for Credit Losses Reversed or (Established) Valuation Allowance (Established) or Reversed UPB Allowance for Credit Losses Reversed or (Established) Valuation Allowance (Established) or Reversed Single-Family reclassifications from: Held-for-investment to held-for-sale $1,495 $29 $— $1,199 $23 $— Held-for-sale to held-for-investment (2) 171 14 14 123 8 14 Multifamily reclassifications from: Held-for-investment to held-for-sale 1,245 12 (58) 6,251 4 (41) Held-for-sale to held-for-investment (2) 785 — 10 762 (1) 18 (1) Amounts exclude reclassifications related to loans for which we have elected the fair value option. (2) Allowance for credit losses established upon loan reclassifications from held-for-sale to held-for-investment to reflect the net amount we expect to collect on the loan. Loans with prior charge-offs may have a negative allowance for credit losses established upon reclassification. Interest Income The table below presents the amortized cost basis of non-accrual loans as of the beginning and the end of the periods presented, including the interest income recognized for the period that is related to the loans on non-accrual status as of the period end. Table 3.4 - Amortized Cost Basis of Held-for-Investment Loans on Non-Accrual (1) Non-Accrual Amortized Cost Basis Interest Income Recognized (2) (In millions) September 30, 2024 June 30, 2024 3Q 2024 YTD 2024 Single-Family: 20- and 30-year or more, amortizing fixed-rate $12,985 $11,773 $35 $167 15-year or less, amortizing fixed-rate 477 439 1 5 Adjustable-rate and other 230 230 1 4 Total Single-Family 13,692 12,442 37 176 Total Multifamily 114 110 1 2 Total Single-Family and Multifamily $13,806 $12,552 $38 $178 Referenced footnotes are included after the prior period table. Non-Accrual Amortized Cost Basis Interest Income Recognized (2) (In millions) September 30, 2023 June 30, 2023 3Q 2023 YTD 2023 Single-Family: 20- and 30-year or more, amortizing fixed-rate $11,825 $11,989 $27 $151 15-year or less, amortizing fixed-rate 526 540 1 4 Adjustable-rate and other 274 323 1 4 Total Single-Family 12,625 12,852 29 159 Total Multifamily 64 56 1 2 Total Single-Family and Multifamily $12,689 $12,908 $30 $161 (1) Excludes amounts related to loans for which we have elected the fair value option. (2) Represents the amount of payments received during the period, including those received while the loans were on accrual status, for the held-for-investment loans on non-accrual status as of period end. The table below provides the amount of accrued interest receivable presented on our condensed consolidated balance sheets and the amount of accrued interest receivable related to loans on non-accrual status at the end of the periods that was charged off. Table 3.5 - Accrued Interest Receivable and Related Charge-Offs Accrued Interest Receivable Accrued Interest Receivable Related Charge-Offs (In millions) September 30, 2024 December 31, 2023 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Single-Family loans $9,543 $8,833 ($59) ($44) ($151) ($180) Multifamily loans 342 287 — (1) (1) (1) Credit Quality Single-Family The current LTV ratio is one key factor we consider when estimating our allowance for credit losses for single-family loans. As current LTV ratios increase, the borrower's equity in the home decreases, which may negatively affect the borrower's ability to refinance or to sell the property for an amount at or above the balance of the outstanding loan. The table below presents the amortized cost basis of single-family held-for-investment loans by current LTV ratio. Our current LTV ratios are estimates based on available data through the end of each period presented. Table 3.6 - Amortized Cost Basis of Single-Family Held-for-Investment Loans by Current LTV Ratio and Vintage September 30, 2024 Year of Origination Total (In millions) 2024 2023 2022 2021 2020 Prior Current LTV ratio: 20- and 30-year or more, amortizing fixed-rate ≤ 60 $31,537 $42,162 $101,020 $541,934 $540,048 $474,309 $1,731,010 > 60 to 80 81,292 105,479 181,130 258,280 64,407 13,122 703,710 > 80 to 90 39,911 68,174 71,280 16,704 1,092 443 197,604 > 90 to 100 57,606 35,244 15,963 1,535 156 104 110,608 > 100 251 685 1,235 91 21 82 2,365 Total 20- and 30-year or more, amortizing fixed-rate 210,597 251,744 370,628 818,544 605,724 488,060 2,745,297 Current year-to-date gross charge-offs (1) — 6 29 36 29 122 222 15-year or less, amortizing fixed-rate ≤ 60 3,419 4,360 20,901 113,165 88,798 56,263 286,906 > 60 to 80 3,225 3,377 5,211 1,619 94 11 13,537 > 80 to 90 590 479 198 10 — — 1,277 > 90 to 100 314 59 20 — — — 393 > 100 1 1 — — — — 2 Total 15-year or less, amortizing fixed-rate 7,549 8,276 26,330 114,794 88,892 56,274 302,115 Current year-to-date gross charge-offs (1) — — 1 2 — 1 4 Adjustable-rate and other ≤ 60 319 424 1,716 3,316 1,363 11,710 18,848 > 60 to 80 843 1,277 2,482 786 61 191 5,640 > 80 to 90 400 800 866 32 2 14 2,114 > 90 to 100 282 241 182 3 — 4 712 > 100 — 8 20 — — 2 30 Total adjustable-rate and other 1,844 2,750 5,266 4,137 1,426 11,921 27,344 Current year-to-date gross charge-offs (1) — — — — — 1 1 Total for all loan product types by current LTV ratio: ≤ 60 35,275 46,946 123,637 658,415 630,209 542,282 2,036,764 > 60 to 80 85,360 110,133 188,823 260,685 64,562 13,324 722,887 > 80 to 90 40,901 69,453 72,344 16,746 1,094 457 200,995 > 90 to 100 58,202 35,544 16,165 1,538 156 108 111,713 > 100 252 694 1,255 91 21 84 2,397 Total Single-Family loans $219,990 $262,770 $402,224 $937,475 $696,042 $556,255 $3,074,756 Total current year-to-date gross charge-offs (1) $— $6 $30 $38 $29 $124 $227 Referenced footnotes are included after the prior period table. December 31, 2023 Year of Origination Total (In millions) 2023 2022 2021 2020 2019 Prior Current LTV ratio: 20- and 30-year or more, amortizing fixed-rate ≤ 60 $39,500 $93,279 $513,267 $542,449 $94,348 $411,663 $1,694,506 > 60 to 80 105,384 183,251 318,965 95,102 12,402 7,296 722,400 > 80 to 90 55,973 90,785 27,750 1,272 213 262 176,255 > 90 to 100 51,994 23,460 1,542 71 16 77 77,160 > 100 28 912 24 9 5 88 1,066 Total 20- and 30-year or more, amortizing fixed-rate 252,879 391,687 861,548 638,903 106,984 419,386 2,671,387 Full-year gross charge-offs (1) — 12 37 43 45 243 380 15-year or less, amortizing fixed-rate ≤ 60 4,221 20,246 121,709 98,338 12,488 56,493 313,495 > 60 to 80 3,973 8,314 4,491 278 19 5 17,080 > 80 to 90 623 509 25 — — — 1,157 > 90 to 100 198 33 1 — — — 232 > 100 1 1 — — — 1 3 Total 15-year or less, amortizing fixed-rate 9,016 29,103 126,226 98,616 12,507 56,499 331,967 Full-year gross charge-offs (1) — 1 2 1 — 2 6 Adjustable-rate and other ≤ 60 356 1,650 3,325 1,465 586 12,950 20,332 > 60 to 80 1,153 2,651 1,105 89 25 227 5,250 > 80 to 90 689 1,040 48 3 — 18 1,798 > 90 to 100 317 276 2 — — 8 603 > 100 — 16 — — — 4 20 Total adjustable-rate and other 2,515 5,633 4,480 1,557 611 13,207 28,003 Full-year gross charge-offs (1) — — — — — 1 1 Total for all loan product types by current LTV ratio: ≤ 60 44,077 115,175 638,301 642,252 107,422 481,106 2,028,333 > 60 to 80 110,510 194,216 324,561 95,469 12,446 7,528 744,730 > 80 to 90 57,285 92,334 27,823 1,275 213 280 179,210 > 90 to 100 52,509 23,769 1,545 71 16 85 77,995 > 100 29 929 24 9 5 93 1,089 Total Single-Family loans $264,410 $426,423 $992,254 $739,076 $120,102 $489,092 $3,031,357 Total full-year gross charge-offs (1) $— $13 $39 $44 $45 $246 $387 Multifamily The table below presents the amortized cost basis of our multifamily held-for-investment loans, for which we have not elected the fair value option, by credit quality indicator, based on available data through the end of each period presented. These indicators involve significant management judgment and are defined as follows: n "Pass" is current and adequately protected by the borrower's current financial strength and debt service capacity; n "Special mention" has administrative issues that may affect future repayment prospects but does not have current credit weaknesses. In addition, this category generally includes loans in forbearance; n "Substandard" has a weakness that jeopardizes the timely full repayment; and n "Doubtful" has a weakness that makes collection or liquidation in full highly questionable and improbable based on existing conditions. Table 3.7 - Amortized Cost Basis of Multifamily Held-for-Investment Loans by Credit Quality Indicator and Vintage September 30, 2024 Year of Origination Total (In millions) 2024 2023 2022 2021 2020 Prior Revolving Loans Category: Pass $12,116 $14,611 $17,324 $7,196 $6,267 $7,930 $2,433 $67,877 Special mention 50 27 325 46 102 330 — 880 Substandard — 29 388 319 192 308 — 1,236 Doubtful — — 5 — — 6 — 11 Total $12,166 $14,667 $18,042 $7,561 $6,561 $8,574 $2,433 $70,004 December 31, 2023 Year of Origination Total (In millions) 2023 2022 2021 2020 2019 Prior Revolving Loans Category: Pass $13,804 $17,845 $7,430 $6,345 $4,420 $3,254 $2,266 $55,364 Special mention 20 85 28 43 294 106 — 576 Substandard — 33 188 259 223 464 — 1,167 Doubtful — — — — — — — — Total $13,824 $17,963 $7,646 $6,647 $4,937 $3,824 $2,266 $57,107 Past Due Status The table below presents the amortized cost basis of our single-family and multifamily held-for-investment loans, for which we have not elected the fair value option, by payment status. Table 3.8 - Amortized Cost Basis of Held-for-Investment Loans by Payment Status (1) September 30, 2024 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure (2) Total Non-Accrual With No Allowance (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,700,992 $25,362 $6,334 $12,609 $2,745,297 $425 15-year or less, amortizing fixed-rate 299,989 1,392 272 462 302,115 4 Adjustable-rate and other 26,713 312 95 224 27,344 36 Total Single-Family 3,027,694 27,066 6,701 13,295 3,074,756 465 Total Multifamily 69,845 42 3 114 70,004 61 Total Single-Family and Multifamily $3,097,539 $27,108 $6,704 $13,409 $3,144,760 $526 December 31, 2023 (In millions) Current One Two Three Months or (2) Total Non-Accrual with No Allowance (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,627,763 $25,528 $5,787 $12,309 $2,671,387 $406 15-year or less, amortizing fixed-rate 329,601 1,589 270 507 331,967 4 Adjustable-rate and other 27,317 342 95 249 28,003 49 Total Single-Family 2,984,681 27,459 6,152 13,065 3,031,357 459 Total Multifamily 57,031 12 — 64 57,107 23 Total Single-Family and Multifamily $3,041,712 $27,471 $6,152 $13,129 $3,088,464 $482 Referenced footnotes are on the next page. (1) There were no held-for-investment loans that were three months or more past due and accruing interest as of both September 30, 2024 and December 31, 2023. (2) Includes $2.4 billion and $2.0 billion of single-family loans that were in the process of foreclosure as of September 30, 2024 and December 31, 2023, respectively. (3) Loans with no allowance for loan losses primarily represent loans that were previously charged off and for which the amount we expect to collect is sufficiently in excess of the amortized cost to result in recovery of the entire amortized cost basis if the property were foreclosed upon or otherwise subject to disposition. We exclude the amounts of allowance for credit losses on advances of pre-foreclosure costs when determining whether a loan has an allowance for credit losses. Loan Restructurings Single-Family Loan Restructurings We offer several types of restructurings to single-family borrowers that may result in a payment delay, interest rate reduction, term extension, or combination thereof. We do not offer principal forgiveness. Table 3.9 - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (1) 3Q 2024 (Dollars in millions) Payment Delay (2) Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Total as % of Class of Financing Receivable (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $5,597 $1,533 $25 $7,155 0.3 % 15-year or less, amortizing fixed-rate 213 — — 213 0.1 Adjustable-rate and other 57 3 1 61 0.2 Total Single-Family loan restructurings $5,867 $1,536 $26 $7,429 0.2 3Q 2023 (Dollars in millions) Payment Delay (2) Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Total as % of Class of Financing Receivable (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $5,232 $1,140 $13 $6,385 0.2 % 15-year or less, amortizing fixed-rate 230 — — 230 0.1 Adjustable-rate and other 49 6 1 56 0.2 Total Single-Family loan restructurings $5,511 $1,146 $14 $6,671 0.2 YTD 2024 (Dollars in millions) Payment Delay (2) Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Total as % of Class of Financing Receivable (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $13,370 $4,256 $44 $17,670 0.6 % 15-year or less, amortizing fixed-rate 526 — — 526 0.2 Adjustable-rate and other 137 9 1 147 0.5 Total Single-Family loan restructurings $14,033 $4,265 $45 $18,343 0.6 Referenced footnotes are on the next page. YTD 2023 (Dollars in millions) Payment Delay (2) Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Total as % of Class of Financing Receivable (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $13,945 $3,122 $123 $17,190 0.6 % 15-year or less, amortizing fixed-rate 683 — — 683 0.2 Adjustable-rate and other 154 19 6 179 0.6 Total Single-Family loan restructurings $14,782 $3,141 $129 $18,052 0.6 (1) Type of loan restructurings reflects the cumulative effects of the loan restructurings received during the period. Includes loan modifications in the period in which the borrower completes the trial period and the loan is permanently modified. The amortized cost basis of loans in trial period modification plans was $2.0 billion and $1.6 billion as of September 30, 2024 and September 30, 2023, respectively. Most of these loans are 20- and 30-year or more, amortizing fixed-rate loans. (2) Includes $1.7 billion and $6.1 billion related to payment deferral plans for 3Q 2024 and YTD 2024, respectively, compared to $1.9 billion and $6.5 billion for 3Q 2023 and YTD 2023, respectively. Also includes forbearance plans, repayment plans, and loan modifications that only involve payment delays. (3) Based on the amortized cost basis as of period end, divided by the total period-end amortized cost basis of the corresponding financing receivable class of single-family held-for-investment loans. The table below shows the financial effect of single-family held-for-investment loan restructurings involving borrowers experiencing financial difficulty that we entered into during the periods presented. Table 3.10 – Financial Effects of Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (1) 3Q 2024 (Dollars in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension Weighted-Average Payment Deferral or Principal Forbearance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate 0.5 % 168 $16 15-year or less, amortizing fixed-rate — 10 9 Adjustable-rate and other 1.1 255 12 3Q 2023 (Dollars in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension Weighted-Average Payment Deferral or Principal Forbearance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate 1.2 % 175 $18 15-year or less, amortizing fixed-rate — 0 15 Adjustable-rate and other 1.0 222 18 YTD 2024 (Dollars in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension Weighted-Average Payment Deferral or Principal Forbearance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate 0.6 % 168 $16 15-year or less, amortizing fixed-rate — 10 13 Adjustable-rate and other 1.0 235 13 Referenced footnotes are on the next page. YTD 2023 (Dollars in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension Weighted-Average Payment Deferral or Principal Forbearance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate 1.0 % 177 $17 15-year or less, amortizing fixed-rate — 0 16 Adjustable-rate and other 1.8 202 17 (1) Averages are based on payment deferral plans and loan modifications completed during the periods presented. The financial effects of forbearance plans and repayment plans consist of a payment delay of between one and twelve months. In addition, the financial effect of a forbearance plan is included at the time the forbearance plan is completed if the borrower exits forbearance by entering into a payment deferral plan or loan modification. (2) Primarily related to payment deferral plans. Amounts are based on non-interest-bearing principal balances on the restructured loans. The following table provides the amortized cost basis of single-family held-for-investment loans that had a payment default (i.e., loans that became two months delinquent) during the periods presented and had been restructured within the previous 12 months preceding the payment default, when the borrower was experiencing financial difficulty at the time of the restructuring. Table 3.11 - Subsequent Defaults of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty (1) 3Q 2024 (In millions) Payment Delay Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $1,166 $544 $5 $1,715 15-year or less, amortizing fixed-rate 44 — — 44 Adjustable-rate and other 13 — — 13 Total Single-Family $1,223 $544 $5 $1,772 3Q 2023 (In millions) Payment Delay Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $810 $319 $57 $1,186 15-year or less, amortizing fixed-rate 33 — — 33 Adjustable-rate and other 11 2 1 14 Total Single-Family $854 $321 $58 $1,233 YTD 2024 (In millions) Payment Delay Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,516 $1,144 $11 $3,671 15-year or less, amortizing fixed-rate 86 — — 86 Adjustable-rate and other 26 1 — 27 Total Single-Family $2,628 $1,145 $11 $3,784 Referenced footnotes are on the next page. YTD 2023 (In millions) Payment Delay Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $1,877 $614 $315 $2,806 15-year or less, amortizing fixed-rate 78 — — 78 Adjustable-rate and other 25 5 6 36 Total Single-Family $1,980 $619 $321 $2,920 (1) Excludes forbearance plans and repayment plans as borrowers are typically past due based on the loan's original contractual terms at the time the borrowers enter into these plans. The following table provides the single-family held-for-investment loan performance in the 12 months after a restructuring involving borrowers experiencing financial difficulty. While a single-family loan is in a forbearance plan or repayment plan, payments continue to be due based on the loan’s original contractual terms because the loan has not been permanently modified. As a result, we report single-family loans in forbearance plans and repayment plans as delinquent to the extent that payments are past due based on the loan’s original contractual terms. Loans that have been restructured by entering into a payment deferral plan or loan modification are reported as delinquent to the extent that payments are past due based on the loan's restructured terms. Table 3.12 - Amortized Cost Basis of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty by Payment Status September 30, 2024 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $10,808 $3,161 $1,932 $5,602 $21,503 15-year or less, amortizing fixed-rate 307 98 63 190 658 Adjustable-rate and other 83 25 18 53 179 Total Single-Family $11,198 $3,284 $2,013 $5,845 $22,340 September 30, 2023 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $11,858 $2,636 $1,484 $5,805 $21,783 15-year or less, amortizing fixed-rate 483 96 56 248 883 Adjustable-rate and other 123 26 15 71 235 Total Single-Family $12,464 $2,758 $1,555 $6,124 $22,901 Non-Cash Investing and Financing Activities

Guarantees and Other Off-Balanc

Guarantees and Other Off-Balance Sheet Credit Exposures	9 Months Ended
	Sep. 30, 2024
Guarantees [Abstract]
Guarantees and Other Off-Balance Sheet Credit Exposures	Guarantees and Other Off-Balance Sheet Credit Exposures Guarantee Activities The table below presents information about our mortgage-related guarantees and guarantees of Fannie Mae securities, including the UPB of the loans or securities underlying the guarantee, the maximum potential amount of future payments that we could be required to make under the guarantee, the liability we have recognized on our condensed consolidated balance sheets for the guarantee, and the maximum remaining term of the guarantee. This table does not include our unrecognized guarantees, such as guarantees to consolidated VIEs or to resecuritization trusts that do not expose us to incremental credit risk. We do not believe the potential amount of future payments we could be required to make is representative of the actual payments we will be required to make or the actual loss we are likely to incur, based on our historical loss experience and after consideration of proceeds from related collateral liquidation, including possible recoveries under credit enhancements. Table 4.1 - Financial Guarantees September 30, 2024 ( Dollars in millions , terms in years) UPB Maximum Exposure Recognized Liability (1) Maximum Remaining Term Single-Family mortgage-related guarantees: Nonconsolidated securitization products (2) $30,287 $24,684 $411 40 Other mortgage-related guarantees 8,126 8,127 135 28 Total Single-Family mortgage-related guarantees 38,413 32,811 546 Multifamily mortgage-related guarantees: Nonconsolidated securitization products (2)(3) 359,166 320,710 4,231 36 Other mortgage-related guarantees 11,190 11,190 374 34 Total Multifamily mortgage-related guarantees 370,356 331,900 4,605 Guarantees of Fannie Mae securities (4) 105,769 105,769 — 37 Other 83 454 — 30 December 31, 2023 ( Dollars in millions , terms in years) UPB Maximum Exposure Recognized Liability (1) Maximum Remaining Term Single-Family mortgage-related guarantees: Nonconsolidated securitization products (2) $30,289 $24,600 $382 40 Other mortgage-related guarantees 8,692 8,692 161 28 Total Single-Family mortgage-related guarantees 38,981 33,292 543 Multifamily mortgage-related guarantees: Nonconsolidated securitization products (2)(3) 360,928 321,262 4,577 36 Other mortgage-related guarantees 10,761 10,761 383 35 Total Multifamily mortgage-related guarantees 371,689 332,023 4,960 Guarantees of Fannie Mae securities (4) 110,320 110,320 — 38 Other 117 468 — 30 (1) Excludes allowance for credit losses on off-balance sheet credit exposures. See Note 5 for additional information on our allowance for credit losses on off-balance sheet credit exposures. (2) Maximum exposure is based on remaining UPB of the guaranteed securities issued by the VIE. (3) Includes UPB of $0.5 billion and $0.3 billion as of September 30, 2024 and December 31, 2023, respectively, related to VIEs in which our interest would no longer absorb significant variability as the guaranteed securities have completely paid off. In addition, includes guarantees that are accounted for as derivatives with UPB of $2.0 billion and $2.1 billion as of September 30, 2024 and December 31, 2023, respectively. (4) Excludes less than $0.1 billion and $0.1 billion as of September 30, 2024 and December 31, 2023, respectively, of Fannie Mae securities that we have guaranteed that are included in resecuritization trusts that we have consolidated as we own all of the outstanding securities issued by the VIE. The table below presents the payment status of the mortgage loans underlying our mortgage-related guarantees. Table 4.2 – UPB of Loans Underlying Our Mortgage-Related Guarantees by Payment Status September 30, 2024 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure Total Single-Family $34,170 $2,049 $792 $1,402 $38,413 Multifamily 368,368 396 169 1,423 370,356 Total $402,538 $2,445 $961 $2,825 $408,769 December 31, 2023 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure Total Single-Family $34,524 $2,172 $827 $1,458 $38,981 Multifamily 369,785 850 98 956 371,689 Total $404,309 $3,022 $925 $2,414 $410,670 Other Off-Balance Sheet Credit Exposures In addition to our guarantees, we enter into other agreements that expose us to off-balance sheet credit risk. These agreements may require us to transfer cash before or upon settlement of our contractual obligation. We recognize an allowance for credit losses for those agreements not measured at fair value or otherwise recognized in the financial statements. Most of these commitments expire in less than one year. See Note 5 for additional discussion of our allowance for credit losses on our off-balance sheet credit exposures. The table below presents our other off-balance sheet credit exposures. Table 4.3 – Other Off-Balance Sheet Credit Exposures (In millions) September 30, 2024 December 31, 2023 Mortgage loan purchase commitments (1) $17,445 $10,378 Unsettled securities purchased under agreements to resell, net (2) 29,161 22,276 Other commitments (3) 4,298 4,701 Total $50,904 $37,355 (1) Includes $3.1 billion and $1.9 billion of commitments for which we have elected the fair value option as of September 30, 2024 and December 31, 2023, respectively. Excludes mortgage loan purchase commitments accounted for as derivative instruments. See Note 8 for additional information on commitments accounted for as derivative instruments. (2) Net of $4.0 billion of unsettled securities sold under agreements to repurchase as of December 31, 2023. There was no such activity as of September 30, 2024. (3) Consists of unfunded portion of revolving lines of credit, liquidity guarantees, and other commitments.

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses The table below summarizes changes in our allowance for credit losses. Table 5.1 - Details of the Allowance for Credit Losses 3Q 2024 3Q 2023 YTD 2024 YTD 2023 (In millions) Single-Family Multi-family Total Single-Family Multi-family Total Single-Family Multi-family Total Single-Family Multi-family Total Beginning balance $6,760 $587 $7,347 $7,457 $325 $7,782 $6,402 $447 $6,849 $7,746 $147 $7,893 Provision (benefit) for credit losses (99) (92) (191) (304) 41 (263) 336 48 384 (624) 219 (405) Charge-offs (75) — (75) (221) — (221) (367) — (367) (422) — (422) Recoveries collected 39 — 39 54 — 54 89 — 89 115 — 115 Other (1) 72 — 72 80 — 80 237 — 237 251 — 251 Ending balance $6,697 $495 $7,192 $7,066 $366 $7,432 $6,697 $495 $7,192 $7,066 $366 $7,432 Components of the ending balance of the allowance for credit losses: Mortgage loans held-for-investment $6,392 $345 $6,737 $6,668 $280 $6,948 Other (2) 305 150 455 398 86 484 Total ending balance $6,697 $495 $7,192 $7,066 $366 $7,432 (1) Primarily includes capitalization of past due interest related to non-accrual loans that received payment deferral plans and loan modifications. (2) Includes allowance for credit losses related to advances of pre-foreclosure costs and off-balance sheet credit exposures. n 3Q 2024 vs. 3Q 2023 - The benefit for credit losses for 3Q 2024 was driven by a credit reserve release in Single-Family as a result of lower mortgage interest rates and a credit reserve release in Multifamily due to enhancements in the credit loss estimation process. The benefit for credit losses for 3Q 2023 was primarily driven by a credit reserve release in Single-Family due to improvements in house prices. n YTD 2024 vs. YTD 2023 - The provision for credit losses for YTD 2024 was primarily driven by a credit reserve build in Single-Family attributable to new acquisitions. The benefit for credit losses for YTD 2023 was primarily driven by a credit reserve release in Single-Family due to improvements in house prices, partially offset by a credit reserve build in Multifamily. In addition, charge-offs decreased year-over-year during 3Q 2024 primarily due to a lower volume of transfers of single-family loans from held-for-investment to held-for-sale. Charge-offs decreased year-over-year during YTD 2024 primarily due to a decrease in charge-offs of accrued interest receivable.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The table below summarizes the fair values of our investments in debt securities by classification. Table 6.1 - Investment Securities (In millions) September 30, 2024 December 31, 2023 Trading securities $39,356 $38,385 Available-for-sale securities 4,257 4,890 Total fair value of investment securities $43,613 $43,275 Trading Securities The table below presents the fair values of our trading securities by major security type. Our non-mortgage-related securities primarily consist of investments in U.S. Treasury securities. Table 6.2 - Trading Securities (In millions) September 30, 2024 December 31, 2023 Mortgage-related securities $8,825 $8,113 Non-mortgage-related securities 30,531 30,272 Total fair value of trading securities $39,356 $38,385 The table below provides details of our net trading gains (losses). Table 6.3 - Net Trading Gains (Losses) (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Net trading gains (losses) $993 ($220) $794 ($332) Less: Net trading gains (losses) on securities sold 238 (84) 131 (31) Net trading gains (losses) recognized during the period related to securities still held at period end $755 ($136) $663 ($301) Available-for-Sale Securities The table below provides details of the securities classified as available-for-sale on our condensed consolidated balance sheets. At both September 30, 2024 and December 31, 2023, all available-for-sale securities were mortgage-related securities. Table 6.4 - Available-for-Sale Securities September 30, 2024 Amortized Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Fair Value Accrued Interest Receivable (In millions) Agency mortgage-related securities $3,843 $16 ($67) $3,792 $9 Other mortgage-related securities 279 198 (12) 465 2 Total available-for-sale securities $4,122 $214 ($79) $4,257 $11 December 31, 2023 Amortized Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Fair Value Accrued Interest Receivable (In millions) Agency mortgage-related securities $4,467 $13 ($110) $4,370 $10 Other mortgage-related securities 340 188 (8) 520 3 Total available-for-sale securities $4,807 $201 ($118) $4,890 $13 The fair value of our available-for-sale securities held at September 30, 2024 scheduled to contractually mature after ten years was $1.3 billion, with an additional $1.5 billion scheduled to contractually mature after five years through ten years. The table below presents available-for-sale securities in a gross unrealized loss position and whether such securities have been in an unrealized loss position for less than 12 months, or 12 months or greater. Table 6.5 - Available-for-Sale Securities in a Gross Unrealized Loss Position September 30, 2024 Less than 12 Months 12 Months or Greater (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Agency mortgage-related securities $397 ($1) $2,453 ($66) Other mortgage-related securities 5 — 29 (12) Total available-for-sale securities in a gross unrealized loss position $402 ($1) $2,482 ($78) December 31, 2023 Less than 12 Months 12 Months or Greater (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Agency mortgage-related securities $374 ($1) $3,006 ($108) Other mortgage-related securities 23 (4) 23 (5) Total available-for-sale securities in a gross unrealized loss position $397 ($5) $3,029 ($113) At September 30, 2024, the gross unrealized losses relate to 140 securities. The table below summarizes the total proceeds, gross realized gains and gross realized losses from sales of available-for-sale securities. Table 6.6 - Total Proceeds, Gross Realized Gains and Gross Realized Losses from Sales of Available-for-Sale Securities (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Total proceeds $260 $1,441 $1,097 $2,333 Gross realized gains 5 — 8 5 Gross realized losses — (118) (12) (122) Net realized gains (losses) $5 ($118) ($4) ($117) Non-Cash Investing and Financing Activities During YTD 2023, we recognized $1.7 billion of investment securities in exchange for the issuance of debt of consolidated trusts through partial sales of commingled single-class resecuritization products that were previously consolidated. During YTD 2024 and YTD 2023, we derecognized $2.0 billion and $3.5 billion, respectively, of mortgage-related securities and debt of consolidated trusts where we were no longer deemed the primary beneficiary.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt The table below summarizes the balances of total debt on our condensed consolidated balance sheets. Table 7.1 - Total Debt (In millions) September 30, 2024 December 31, 2023 Debt of consolidated trusts $3,092,140 $3,041,927 Debt of Freddie Mac: Short-term debt 13,817 5,976 Long-term debt 159,310 160,443 Total debt of Freddie Mac 173,127 166,419 Total debt $3,265,267 $3,208,346 Debt of Consolidated Trusts The table below summarizes the debt of consolidated trusts based on underlying loan product type. Table 7.2 - Debt of Consolidated Trusts September 30, 2024 December 31, 2023 (Dollars in millions) Contractual Maturity UPB Carrying Amount (1) Weighted Average Coupon (2) Contractual Maturity UPB Carrying Amount (1) Weighted Average Coupon (2) Single-Family: 20-and 30-year or more, fixed-rate 2024 - 2061 $2,670,853 $2,706,909 3.28 % 2024 - 2061 $2,603,100 $2,640,550 3.06 % 15-year or less, fixed-rate 2024 - 2039 298,106 302,263 2.27 2024 - 2039 326,242 331,291 2.20 Adjustable-rate and other 2024 - 2054 23,222 23,644 4.41 2024 - 2054 23,251 23,749 3.93 Total Single-Family 2,992,181 3,032,816 2,952,593 2,995,590 Multifamily 2024-2054 60,444 59,324 3.50 2024 - 2053 47,300 46,337 3.35 Total debt of consolidated trusts $3,052,625 $3,092,140 $2,999,893 $3,041,927 (1) Includes $2.8 billion and $2.1 billion as of September 30, 2024 and December 31, 2023, respectively, of debt of consolidated trusts that represents the fair value of debt for which the fair value option was elected. (2) The effective interest rate for debt of consolidated trusts was 2.92% and 2.73% as of September 30, 2024 and December 31, 2023, respectively. The table below summarizes the balances and effective interest rates for our short-term debt. September 30, 2024 December 31, 2023 (Dollars in millions) Par Value Carrying Amount Weighted Par Value Carrying Amount Weighted Discount notes and Reference Bills ® $13,842 $13,817 4.93 % $6,032 $5,976 5.39 % Long-Term Debt The table below summarizes our long-term debt. Table 7.4 - Long-Term Debt September 30, 2024 December 31, 2023 (Dollars in millions) Contractual Maturity Par Value Carrying Amount (1) Weighted Average Effective Rate (2) Contractual Maturity Par Value Carrying Amount (1) Weighted Average Effective Rate (2) Long-term debt: Fixed-rate: Medium-term notes — callable 2024 - 2054 $120,304 $120,194 3.16 % 2024 - 2050 $139,344 $139,257 3.13 % Medium-term notes — non-callable 2024 - 2028 327 327 3.29 2024 - 2028 1,573 1,574 0.98 Reference Notes securities — non-callable 2025 - 2032 18,162 18,210 3.19 2025 - 2032 18,162 18,209 3.19 SCR debt notes 2031 - 2032 77 79 13.00 2031 - 2032 82 83 13.00 Variable-rate: Medium-term notes — callable 2024 - 2034 1,637 1,636 4.62 2024 - 2028 1,869 1,867 4.81 Medium-term notes — non-callable 2026 17,647 17,644 5.34 2026 47 47 8.10 STACR 2025-2042 1,630 1,553 12.34 2024 - 2042 2,095 2,006 11.45 Zero-coupon: Medium-term notes — non-callable 2025 - 2039 4,748 3,161 6.20 2024 - 2039 4,836 3,100 6.17 Other 2047 - 2053 — 110 0.85 2047 - 2053 — 121 0.84 Hedging-related basis adjustments N/A (3,604) N/A (5,821) Total long-term debt $164,532 $159,310 3.56 % $168,008 $160,443 3.30 % (1) Represents par value, net of associated discounts or premiums and issuance cost. Includes $0.3 billion and $0.4 billion at September 30, 2024 and December 31, 2023, respectively, of long-term debt that represents the fair value of debt for which the fair value option was elected. (2) Based on carrying amount. Table 7.5 - Contractual Maturities of Long-Term Debt and Debt Securities September 30, 2024 (In millions) Amounts Annual Maturities Long-term debt (excluding STACR and SCR debt notes): 2024 $6,787 2025 53,207 2026 30,626 2027 18,426 2028 9,892 Thereafter 43,887 Debt of consolidated trusts, STACR, and SCR debt notes (1) 3,054,332 Total 3,217,157 Net discounts, premiums, debt issuance costs, hedge-related, and other basis adjustments (2) 34,293 Total debt of consolidated trusts, STACR, SCR, and long-term debt $3,251,450 (1) Contractual maturities of these debt securities are not presented because they are subject to prepayment risk, as their payments are based upon the performance of a pool of mortgage assets that may be prepaid by the related mortgage borrower at any time generally without penalty. (2) Other basis adjustments primarily represent changes in fair value on debt where we have elected the fair value option.

Derivatives

Derivatives	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	The table below presents offsetting and collateral information related to derivatives which are subject to enforceable master netting agreements or similar arrangements. Table 8.2 - Offsetting of Derivatives September 30, 2024 December 31, 2023 Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities (In millions) OTC derivatives $5,546 ($5,895) $6,165 ($7,866) Cleared and exchange-traded derivatives 225 (1) 13 (36) Mortgage commitment derivatives 37 (19) 47 (10) Other 38 (744) 3 (795) Total derivatives 5,846 (6,659) 6,228 (8,707) Counterparty netting (3,468) 3,468 (4,210) 4,210 Cash collateral netting (1) (1,784) 2,255 (1,532) 3,624 Net amount presented in the consolidated balance sheets 594 (936) 486 (873) Gross amount not offset in the consolidated balance sheets (2) (193) 47 (366) 47 Net amount $401 ($889) $120 ($826) (1) Excess cash collateral held is presented as a derivative liability, while excess cash collateral posted is presented as a derivative asset. (2)	Derivatives We analyze the interest-rate sensitivity of financial assets and liabilities across a variety of interest-rate scenarios based on market prices, models, and economics. We use derivatives primarily to hedge interest-rate sensitivity mismatches between our financial assets and liabilities. We designate certain derivatives as hedging instruments in qualifying hedge accounting relationships. Interest-rate risk management derivatives that are not designated in qualifying hedge accounting relationships are economic hedges of financial instruments measured at fair value on a recurring basis or of other transactions or instruments that expose us to interest-rate risk. When we use derivatives to mitigate our exposures, we consider a number of factors, including cost, exposure to counterparty credit risk, and our overall risk management strategy. We apply fair value hedge accounting to certain single-family mortgage loans and certain issuances of debt where we hedge the changes in fair value of these items attributable to the designated benchmark interest rate, using interest-rate swaps. Derivative Assets and Liabilities at Fair Value The table below presents the notional value and fair value of derivatives reported on our condensed consolidated balance sheets. Table 8.1 - Derivative Assets and Liabilities at Fair Value September 30, 2024 December 31, 2023 Notional or Derivative Assets Derivative Liabilities Notional or Derivative Assets Derivative Liabilities (In millions) Not designated as hedges Interest-rate risk management derivatives: Swaps $360,455 $1,347 ($488) $351,193 $1,638 ($462) Written options 40,819 — (1,614) 48,227 — (1,746) Purchased options (1) 92,390 3,963 — 89,790 4,251 — Futures 90,674 — — 132,982 — — Total interest-rate risk management derivatives 584,338 5,310 (2,102) 622,192 5,889 (2,208) Mortgage commitment derivatives 57,116 24 (19) 26,911 43 (10) CRT-related derivatives (2) 29,185 — (210) 30,578 — (228) Other 19,788 38 (534) 14,572 3 (567) Total derivatives not designated as hedges 690,427 5,372 (2,865) 694,253 5,935 (3,013) Designated as fair value hedges Interest-rate risk management derivatives: Swaps 160,595 235 (3,793) 172,202 276 (5,658) Total derivatives designated as fair value hedges 160,595 235 (3,793) 172,202 276 (5,658) Receivables (payables) 239 (1) 17 (36) Netting adjustments (3) (5,252) 5,723 (5,742) 7,834 Total derivative portfolio, net $851,022 $594 ($936) $866,455 $486 ($873) (1) Includes swaptions on credit indices with a notional or contractual amount of $6.9 billion and $6.4 billion at September 30, 2024 and December 31, 2023, respectively, and a fair value of $1.0 million at both September 30, 2024 and December 31, 2023. (2) Includes derivative instruments related to CRT transactions that are considered freestanding credit enhancements. (3) Represents counterparty netting and cash collateral netting. Derivative Counterparty Credit Risk Gains and Losses on Derivatives The table below presents the gains and losses on derivatives not designated in qualifying hedge relationships. These amounts are reported on our condensed consolidated statements of income as investment gains, net. Table 8.3 - Gains and Losses on Derivatives (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Not designated as hedges Interest-rate risk management derivatives: Swaps ($425) ($48) ($27) $360 Written options 223 (424) 174 (147) Purchased options (511) 1,012 (213) 463 Futures (475) 668 68 880 Total interest-rate risk management derivatives fair value gains (losses) (1,188) 1,208 2 1,556 Mortgage commitment derivatives (415) 248 (343) 293 CRT-related derivatives (1) 39 (10) 47 (154) Other 194 (194) 31 (197) Total derivatives not designated as hedges fair value gains (losses) ($1,370) $1,252 ($263) $1,498 (1) Fair Value Hedges The table below presents the effects of fair value hedge accounting by condensed consolidated statements of income line item, including the gains and losses on derivatives and hedged items designated in qualifying hedge relationships and other components due to the application of hedge accounting. Table 8.4 - Gains and Losses on Fair Value Hedges 3Q 2024 3Q 2023 (In millions) Interest Income Interest Expense Interest Income Interest Expense Total amounts of income and expense line items presented in our condensed consolidated statements of income in which the effects of fair value hedges are recorded: $29,809 ($24,810) $26,799 ($22,050) Interest contracts on mortgage loans held-for-investment: Gain (loss) on fair value hedging relationships: Hedged items 2,049 — (1,722) — Derivatives designated as hedging instruments (2,039) — 1,658 — Interest accruals on hedging instruments 227 — 225 — Discontinued hedge related basis adjustments amortization 44 — 60 — Interest contracts on debt: Gain (loss) on fair value hedging relationships: Hedged items — (1,869) — 16 Derivatives designated as hedging instruments — 1,876 — (9) Interest accruals on hedging instruments — (824) — (1,014) Discontinued hedge related basis adjustment amortization — (1) — (145) YTD 2024 YTD 2023 (In millions) Interest Income Interest Expense Interest Income Interest Expense Total amounts of income and expense line items presented in our condensed consolidated statements of income in which the effects of fair value hedges are recorded: $87,258 ($72,572) $77,541 ($63,768) Interest contracts on mortgage loans held-for-investment: Gain (loss) on fair value hedging relationships: Hedged items 820 — (1,563) — Derivatives designated as hedging instruments (926) — 1,485 — Interest accruals on hedging instruments 701 — 687 — Discontinued hedge related basis adjustments amortization 160 — 130 — Interest contracts on debt: Gain (loss) on fair value hedging relationships: Hedged items — (2,246) — (794) Derivatives designated as hedging instruments — 2,268 — 776 Interest accruals on hedging instruments — (2,627) — (3,065) Discontinued hedge related basis adjustment amortization — (5) — (355) The table below presents the cumulative basis adjustments and the carrying amounts of the hedged item by its respective balance sheet line item. Table 8.5 - Cumulative Basis Adjustments Due to Fair Value Hedging September 30, 2024 Carrying Amount Assets / (Liabilities) Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying Amount Closed Portfolio Under the Portfolio Layer Method (In millions) Total Under the Portfolio Layer Method Discontinued - Hedge Related Total Amount by Amortized Cost Basis Designated Amount by UPB Mortgage loans held-for-investment $1,109,943 ($1,274) ($75) ($1,199) $56,306 $11,845 Mortgage loans held-for-sale 145 1 — 1 — — Debt (117,127) 3,604 — 19 — — December 31, 2023 Carrying Amount Assets / (Liabilities) Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying Amount Closed Portfolio Under the Portfolio Layer Method (In millions) Total Under the Portfolio Layer Method Discontinued - Hedge Related Total Amount by Amortized Cost Basis Designated Amount by UPB Mortgage loans held-for-investment $1,115,454 ($2,253) ($220) ($2,033) $59,786 $11,670 Mortgage loans held-for-sale 128 1 — 1 — — Debt (143,407) 5,821 — 29 — —

Collateralized Agreements and O

Collateralized Agreements and Offsetting Arrangements	9 Months Ended
	Sep. 30, 2024
Offsetting [Abstract]
Collateralized Agreements and Offsetting Arrangements	Collateralized Agreements Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase The table below presents offsetting and collateral information related to securities purchased under agreements to resell, and securities sold under agreements to repurchase, which are subject to enforceable master netting agreements or similar arrangements. Table 9.1 - Offsetting and Collateral Information of Certain Financial Assets and Liabilities September 30, 2024 (In millions) Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (1) Net Amount Assets: Securities purchased under agreements to resell $105,220 ($2,110) $103,110 ($103,110) $— Liabilities: Securities sold under agreements to repurchase (2,110) 2,110 — — — December 31, 2023 (In millions) Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (1) Net Amount Assets: Securities purchased under agreements to resell $105,393 ($10,245) $95,148 ($95,148) $— Liabilities: Securities sold under agreements to repurchase (10,245) 10,245 — — — (1) For securities purchased under agreements to resell, includes $105.2 billion and $104.2 billion of collateral that we had the right to repledge as of September 30, 2024 and December 31, 2023, respectively. We did not repledge collateral as of September 30, 2024. We repledged $0.4 billion of collateral as of December 31, 2023. The table below presents the remaining contractual maturity of our gross obligations for securities sold under agreements to repurchase. The collateral for such obligations consisted primarily of U.S. Treasury securities. Table 9.2 - Remaining Contractual Maturity September 30, 2024 (In millions) Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater Than 90 Days Total Securities sold under agreements to repurchase $1,404 $706 $— $— $2,110 December 31, 2023 (In millions) Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater Than 90 Days Total Securities sold under agreements to repurchase $— $10,245 $— $— $10,245 The table below summarizes the carrying value of the collateral pledged by us for derivatives and collateralized borrowing transactions, including securities that the secured party may repledge. Table 9.3 - Collateral in the Form of Securities Pledged September 30, 2024 (In millions) Derivatives Securities Sold Under Agreements to Repurchase Other (1) Total Trading securities $2,419 $2,093 $2,181 $6,693 Other assets — — — — Total securities pledged $2,419 $2,093 $2,181 $6,693 December 31, 2023 (In millions) Derivatives Securities Sold Under Agreements to Repurchase Other (1) Total Trading securities $1,866 $3,666 $2,370 $7,902 Other assets — 4,555 — 4,555 Total securities pledged $1,866 $8,221 $2,370 $12,457 (1) Includes other collateralized borrowings and collateral related to transactions with certain clearinghouses.

Net Interest Income

Net Interest Income	9 Months Ended
	Sep. 30, 2024
Components of Net Interest Income [Abstract]
Net Interest Income	The table below presents the components of net interest income per our condensed consolidated statements of income Table 10.1 - Components of Net Interest Income (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Interest income: Mortgage loans $27,640 $24,525 $80,690 $71,427 Investment securities 510 427 1,464 1,106 Securities purchased under agreements to resell 1,511 1,660 4,636 4,502 Other 148 187 468 506 Total interest income 29,809 26,799 87,258 77,541 Interest expense: Debt of consolidated trusts (22,330) (19,383) (65,086) (56,252) Debt of Freddie Mac: Short-term debt (205) (191) (721) (593) Long-term debt (2,275) (2,476) (6,765) (6,923) Total interest expense (24,810) (22,050) (72,572) (63,768) Net interest income 4,999 4,749 14,686 13,773 (Provision) benefit for credit losses 191 263 (384) 405 Net interest income after (provision) benefit for credit losses $5,190 $5,012 $14,302 $14,178

Segment Reporting

Segment Reporting	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting As shown in the table below, we have two reportable segments, Single-Family and Multifamily. Segment Description Single-Family Reflects results from our purchase, securitization, and guarantee of single-family loans, our investments in single-family loans and mortgage-related securities, the management of Single-Family mortgage credit risk and market risk, and any results of our treasury function that are not allocated to each segment. Multifamily Reflects results from our purchase, securitization, and guarantee of multifamily loans, our investments in multifamily loans and mortgage-related securities, and the management of Multifamily mortgage credit risk and market risk. Segment Results YTD 2024 YTD 2023 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Net interest income $13,815 $871 $14,686 $13,125 $648 $13,773 Non-interest income Guarantee income 68 1,298 1,366 73 1,003 1,076 Investment gains, net 531 666 1,197 131 610 741 Other income 210 124 334 161 105 266 Non-interest income 809 2,088 2,897 365 1,718 2,083 Net revenues 14,624 2,959 17,583 13,490 2,366 15,856 (Provision) benefit for credit losses (336) (48) (384) 624 (219) 405 Non-interest expense (5,812) (627) (6,439) (6,121) (591) (6,712) Income before income tax expense 8,476 2,284 10,760 7,993 1,556 9,549 Income tax expense (1,674) (450) (2,124) (1,612) (313) (1,925) Net income 6,802 1,834 8,636 6,381 1,243 7,624 Other comprehensive income (loss), net of taxes and reclassification adjustments — 32 32 (5) 24 19 Comprehensive income $6,802 $1,866 $8,668 $6,376 $1,267 $7,643	The table below presents the financial results for our Single-Family and Multifamily segments. Table 11.1 - Segment Financial Results 3Q 2024 3Q 2023 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Net interest income $4,692 $307 $4,999 $4,534 $215 $4,749 Non-interest income Guarantee income 23 464 487 25 276 301 Investment gains, net 282 (39) 243 314 241 555 Other income 59 50 109 54 31 85 Non-interest income 364 475 839 393 548 941 Net revenues 5,056 782 5,838 4,927 763 5,690 (Provision) benefit for credit losses 99 92 191 304 (41) 263 Non-interest expense (1,966) (217) (2,183) (2,310) (266) (2,576) Income before income tax expense 3,189 657 3,846 2,921 456 3,377 Income tax expense (616) (125) (741) (598) (94) (692) Net income 2,573 532 3,105 2,323 362 2,685 Other comprehensive income (loss), net of taxes and reclassification adjustments 10 52 62 (6) 25 19 Comprehensive income $2,583 $584 $3,167 $2,317 $387 $2,704 The table below presents total assets for our Single-Family and Multifamily segments. Table 11.2 - Segment Assets (In millions) September 30, 2024 December 31, 2023 Single-Family $3,082,232 $3,038,910 Multifamily 452,116 440,797 Total segment assets 3,534,348 3,479,707 Reconciling items (1) (191,765) (198,731) Total assets per condensed consolidated balance sheets $3,342,583 $3,280,976 (1)

Concentration of Credit and Oth

Concentration of Credit and Other Risks	9 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
Concentration of Credit and Other Risks	Concentration of Credit and Other Risks Single-Family Mortgage Portfolio The table below summarizes the concentration by geographic area of our Single-Family mortgage portfolio. See Note 2 , Note 3 , Note 4 , and Note 5 for additional information about credit risk associated with single-family loans that we hold or guarantee. Table 12.1 - Concentration of Credit Risk of Our Single-Family Mortgage Portfolio September 30, 2024 (Dollars in millions) Portfolio UPB (1) % of Portfolio SDQ Rate Region: (2) West $915,004 30 % 0.41 % Northeast 711,763 23 0.61 Southeast 543,620 18 0.57 Southwest 462,203 15 0.58 North Central 449,301 14 0.55 Total $3,081,891 100 % 0.54 State: California $514,106 17 % 0.41 Texas 220,446 7 0.66 Florida 205,959 7 0.63 New York 134,200 4 0.87 Illinois 115,277 4 0.69 All other 1,891,903 61 0.51 Total $3,081,891 100 % 0.54 (1) Excludes UPB of loans underlying certain securitization products for which data was not available. (2) Region designation: West (AK, AZ, CA, GU, HI, ID, MT, NV, OR, UT, WA); Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI). Multifamily Mortgage Portfolio The table below summarizes the concentration by geographic area of our Multifamily mortgage portfolio. See Note 2 , Note 3 , Note 4 , and Note 5 for additional information about credit risk associated with multifamily loans that we hold or guarantee. Table 12.2 - Concentration of Credit Risk of Our Multifamily Mortgage Portfolio September 30, 2024 (Dollars in millions) Portfolio UPB % of Portfolio Delinquency Rate (1) Region (2)(3) : Northeast $110,770 25 % 0.84 % West 110,254 24 0.17 Southwest 93,088 21 0.29 Southeast 93,087 21 0.16 North Central 44,917 9 0.45 Total $452,116 100 % 0.39 State (3) : California $58,900 13 % 0.22 Texas 57,770 13 0.30 Florida 39,525 9 0.10 New York 35,378 8 1.91 Georgia 19,212 4 0.21 All other 241,331 53 0.29 Total $452,116 100 % 0.39 (1) Based on loans two monthly payments or more delinquent or in foreclosure. (2) Region designation: Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); West (AK, AZ, CA, GU, HI, ID, MT, NV, OR, UT, WA); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI). (3) The UPB of loans collateralized by properties located in multiple regions or states are reported entirely in the region or state with the largest underlying collateral UPB as of origination.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures We use fair value measurements for the initial recording of certain assets and liabilities and periodic remeasurement of certain assets and liabilities on a recurring or non-recurring basis. Assets and Liabilities Measured at Fair Value on a Recurring Basis The table below presents our assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis subsequent to initial recognition, including instruments where we have elected the fair value option. Table 13.1 - Assets and Liabilities Measured at Fair Value on a Recurring Basis September 30, 2024 (In millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Total Assets: Investment securities: Available-for-sale $— $3,669 $588 $— $4,257 Trading: Mortgage-related securities — 5,597 3,228 — 8,825 Non-mortgage-related securities 30,105 426 — — 30,531 Total trading securities 30,105 6,023 3,228 — 39,356 Total investment securities 30,105 9,692 3,816 — 43,613 Mortgage loans held-for-sale — 7,618 735 — 8,353 Mortgage loans held-for-investment — 1,446 925 — 2,371 Other assets: Guarantee assets — — 5,289 — 5,289 Derivative assets, net — 5,569 38 (5,013) 594 Other assets — 105 178 — 283 Total other assets — 5,674 5,505 (5,013) 6,166 Total assets carried at fair value on a recurring basis $30,105 $24,430 $10,981 ($5,013) $60,503 Liabilities: Debt: Debt of consolidated trusts $— $2,780 $20 $— $2,800 Debt of Freddie Mac — 236 86 — 322 Total debt — 3,016 106 — 3,122 Other liabilities: Derivative liabilities, net 1 6,584 73 (5,722) 936 Other liabilities — — 1 — 1 Total other liabilities 1 6,584 74 (5,722) 937 Total liabilities carried at fair value on a recurring basis $1 $9,600 $180 ($5,722) $4,059 Referenced footnote is included after the prior period table. December 31, 2023 (In millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Total Assets: Investment securities: Available-for-sale $— $4,212 $678 $— $4,890 Trading: Mortgage-related securities — 5,342 2,771 — 8,113 Non-mortgage-related securities 29,854 418 — — 30,272 Total trading securities 29,854 5,760 2,771 — 38,385 Total investment securities 29,854 9,972 3,449 — 43,275 Mortgage loans held-for-sale — 6,460 896 — 7,356 Mortgage loans held-for-investment — 1,333 473 — 1,806 Other assets: Guarantee assets — — 5,351 — 5,351 Derivative assets, net — 6,209 2 (5,725) 486 Other assets — 92 166 — 258 Total other assets — 6,301 5,519 (5,725) 6,095 Total assets carried at fair value on a recurring basis $29,854 $24,066 $10,337 ($5,725) $58,532 Liabilities: Debt: Debt of consolidated trusts $— $1,707 $343 $— $2,050 Debt of Freddie Mac — 336 90 — 426 Total debt — 2,043 433 — 2,476 Other liabilities: Derivative liabilities, net — 8,608 63 (7,798) 873 Other liabilities — — — — — Total other liabilities — 8,608 63 (7,798) 873 Total liabilities carried at fair value on a recurring basis $— $10,651 $496 ($7,798) $3,349 (1) Represents counterparty netting and cash collateral netting, and includes accrued interest receivable and payable. Level 3 Fair Value Measurements The table below presents a reconciliation of all assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis using significant unobservable inputs (Level 3), including transfers into and out of Level 3. The table also presents gains and losses due to changes in fair value, including both realized and unrealized gains and losses, recognized on our condensed consolidated statements of income for Level 3 assets and liabilities. Table 13.2 - Fair Value Measurements of Assets and Liabilities Using Significant Unobservable Inputs 3Q 2024 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2024 (2) Change in Unrealized Gains/Losses(1), Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2024 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $603 $— $11 $— $— $— ($26) $— $— $588 $— $9 Trading 3,009 34 — 219 — — (24) — (10) 3,228 156 — Total investment securities 3,612 34 11 219 — — (50) — (10) 3,816 156 9 Mortgage loans held-for-sale 627 28 — 356 — (276) — — — 735 18 — Mortgage loans held-for-investment 776 10 — — — — (22) 161 — 925 12 — Other assets: Guarantee assets 5,254 110 — — 158 — (233) — — 5,289 110 — Other assets 203 26 — 6 5 (6) (18) — — 216 22 — Total other assets 5,457 136 — 6 163 (6) (251) — — 5,505 132 — Total assets $10,472 $208 $11 $581 $163 ($282) ($323) $161 ($10) $10,981 $318 $9 Liabilities Debt $462 $2 $— $— $— $— ($2) $— ($356) $106 $1 $— Other liabilities 115 (57) — 3 15 — (2) — — 74 (59) — Total liabilities $577 ($55) $— $3 $15 $— ($4) $— ($356) $180 ($58) $— YTD 2024 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2024 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2024 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $678 $— $5 $— $— $— ($95) $— $— $588 $— $4 Trading 2,771 (183) — 714 — — (64) — (10) 3,228 185 — Total investment securities 3,449 (183) 5 714 — — (159) — (10) 3,816 185 4 Mortgage loans held-for-sale 896 22 — 1,038 — (1,048) (1) 35 (207) 735 19 — Mortgage loans held-for-investment 473 (42) — — — — (76) 592 (22) 925 (41) — Other assets: Guarantee assets 5,351 220 — — 405 — (687) — — 5,289 221 — Other assets 168 58 — (6) 9 (13) — — — 216 52 — Total other assets 5,519 278 — (6) 414 (13) (687) — — 5,505 273 — Total assets $10,337 $75 $5 $1,746 $414 ($1,061) ($923) $627 ($239) $10,981 $436 $4 Liabilities Debt $433 $3 $— $— $— $— ($5) $— ($325) $106 $3 $— Other liabilities 63 (44) — 9 54 — (8) — — 74 (52) — Total liabilities $496 ($41) $— $9 $54 $— ($13) $— ($325) $180 ($49) $— 3Q 2023 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $790 $— ($15) $— $— $— ($43) $— ($41) $691 $— ($12) Trading 2,561 (141) — 348 — — (16) — — 2,752 20 — Total investment securities 3,351 (141) (15) 348 — — (59) — (41) 3,443 20 (12) Mortgage loans held-for-sale 881 (1) — 814 — (723) (13) — — 958 (4) — Mortgage loans held-for-investment 170 (2) — — — — (5) — (6) 157 (12) — Other assets: Guarantee assets 5,323 (89) — — 179 — (218) — — 5,195 (89) — Other assets 159 — — (5) 4 (4) (4) — — 150 — — Total other assets 5,482 (89) — (5) 183 (4) (222) — — 5,345 (89) — Total assets $9,884 ($233) ($15) $1,157 $183 ($727) ($299) $— ($47) $9,903 ($85) ($12) Liabilities Debt $374 $1 $— $— $55 $— $— $— $— $430 $8 $— Other liabilities 99 47 — — — — (31) — — 115 24 — Total liabilities $473 $48 $— $— $55 $— ($31) $— $— $545 $32 $— YTD 2023 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $894 $1 ($23) $— $— $— ($139) $— ($42) $691 $— ($18) Trading 2,731 (470) — 531 — — (40) — — 2,752 30 — Total investment securities 3,625 (469) (23) 531 — — (179) — (42) 3,443 30 (18) Mortgage loans held-for-sale 310 (30) — 1,567 — (723) (24) 12 (154) 958 (4) — Mortgage loans held-for-investment 110 (13) — — — — (11) 142 (71) 157 (12) — Other assets: — Guarantee assets 5,442 (82) — — 498 — (663) — — 5,195 (82) — Other assets 131 55 — (23) 7 (4) (16) — — 150 54 — Total other assets 5,573 (27) — (23) 505 (4) (679) — — 5,345 (28) — Total assets $9,618 ($539) ($23) $2,075 $505 ($727) ($893) $154 ($267) $9,903 ($14) ($18) Liabilities Debt $388 ($18) $— $66 $— $— ($6) $— $— $430 ($1) $— Other liabilities 97 51 — — — — (33) — — 115 18 — Total liabilities $485 $33 $— $66 $— $— ($39) $— $— $545 $17 $— (1) For assets, increase and decrease in earnings and other comprehensive income is shown as gains and (losses), respectively. For liabilities, increase and decrease in earnings and comprehensive income is shown as (gains) and losses, respectively. (2) Represents the amount of total gains or losses for the period, included in earnings, attributable to the change in unrealized gains and losses related to assets and liabilities classified as Level 3 that were still held at September 30, 2024 and September 30, 2023. The table below provides valuation techniques, the range, and the weighted average of significant unobservable inputs for Level 3 assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis. Table 13.3 - Quantitative Information about Recurring Level 3 Fair Value Measurements September 30, 2024 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions , except for certain unobservable inputs as shown) Type Range Weighted Average (1) Assets Investment securities: Available-for-sale $444 Median of external sources External pricing sources $63.9 - $70.5 $65.2 144 Other Trading 2,020 Single external source External pricing source $0.0 - $3,894.4 $116.1 834 Median of external sources External pricing sources $14.1 - $15.2 $14.7 374 Other Mortgage loans held-for-sale 735 Single external source External pricing source $59.1 - $110.1 $103.4 Mortgage loans held-for-investment 925 Single external source External pricing source $29.1 - $102.7 $84.4 Guarantee assets 4,967 Discounted cash flows OAS 17 - 233 bps 47 bps 322 Other Insignificant Level 3 assets (2) 216 Total Level 3 assets $10,981 Liabilities Insignificant Level 3 liabilities (2) 180 Total Level 3 liabilities $180 December 31, 2023 Level 3 Predominant Unobservable Inputs ( Dollars in millions , except for certain unobservable inputs as shown) Type Range Weighted Average (1) Assets Investment securities: Available-for-sale $489 Median of external sources External pricing sources $61.2 - $71.6 $66.7 189 Other Trading 2,085 Single external source External pricing source $0.0 - $4,471.7 $147.3 686 Other Mortgage loans held-for-sale 896 Single external source External pricing source $59.3 - $110.4 $100.3 Mortgage loans held-for-investment 473 Single external source External pricing source $24.7 - $99.2 $74.7 Guarantee assets 5,014 Discounted cash flows OAS 17 - 233 bps 47 bps 337 Other Insignificant Level 3 assets (2) 168 Total Level 3 assets $10,337 Liabilities Insignificant Level 3 liabilities (2) 496 Total Level 3 liabilities $496 (1) Unobservable inputs were weighted primarily by the relative fair value of the financial instruments. (2) Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. Assets Measured at Fair Value on a Non-Recurring Basis We may be required, from time to time, to measure certain assets at fair value on a non-recurring basis. These adjustments usually result from the application of lower-of-cost-or-fair-value accounting or measurement of impairment based on the fair value of the underlying collateral. Certain fair values in the tables below were not obtained as of period end, but were obtained during the period. The table below presents assets measured on our condensed consolidated balance sheets at fair value on a non-recurring basis. Table 13.4 - Assets Measured at Fair Value on a Non-Recurring Basis September 30, 2024 December 31, 2023 (In millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Mortgage loans (1) $— $246 $950 $1,196 $— $640 $1,578 $2,218 (1) Includes loans that are classified as held-for-investment and have an allowance for credit losses based on the fair value of the underlying collateral and held-for-sale loans where the fair value is below cost. The table below provides valuation techniques, the range, and the weighted average of significant unobservable inputs for Level 3 assets measured on our condensed consolidated balance sheets at fair value on a non-recurring basis. Table 13.5 - Quantitative Information About Non-Recurring Level 3 Fair Value Measurements September 30, 2024 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions, except for certain unobservable inputs as shown) Type Range Weighted Average (1) Mortgage loans $757 Median of external sources External pricing sources $78.0 - $102.7 $86.4 193 Other Total $950 December 31, 2023 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions, except for certain unobservable inputs as shown) Type Range Weighted Average (1) Mortgage loans $1,394 Median of external sources External pricing sources $72.9 - $98.8 $82.4 184 Other Total $1,578 (1) Unobservable inputs were weighted primarily by the relative fair value of the financial instruments. Fair Value of Financial Instruments The table below presents the carrying value and estimated fair value of our financial instruments. For certain types of financial instruments, such as cash and cash equivalents, securities purchased under agreements to resell, and certain debt, the carrying value on our condensed consolidated balance sheets approximates fair value, as these assets and liabilities are short-term in nature and have limited fair value volatility. Table 13.6 - Fair Value of Financial Instruments September 30, 2024 GAAP Measurement Category (1) Carrying Amount (2) Fair Value (In millions) Level 1 Level 2 Level 3 Netting Adjustments (3) Total Financial assets Cash and cash equivalents Amortized cost $4,857 $4,857 $— $— $— $4,857 Securities purchased under agreements to resell Amortized cost 103,110 — 105,220 — (2,110) 103,110 Investment securities: Available-for-sale FV - OCI 4,257 — 3,669 588 — 4,257 Trading FV - NI 39,356 30,105 6,023 3,228 — 39,356 Total investment securities 43,613 30,105 9,692 3,816 — 43,613 Mortgage loans: Mortgage loans held-for-sale 11,678 — 8,719 3,186 — 11,905 Mortgage loans held-for-investment, net of allowance for credit losses 3,140,319 — 2,526,697 307,773 — 2,834,470 Total mortgage loans Various (4) 3,151,997 — 2,535,416 310,959 — 2,846,375 Other assets: Guarantee assets FV - NI 5,289 — — 5,291 — 5,291 Derivative assets, net FV - NI 594 — 5,569 38 (5,013) 594 Other assets (5) Various 2,804 — 895 2,334 — 3,229 Total other assets 8,687 — 6,464 7,663 (5,013) 9,114 Total financial assets $3,312,264 $34,962 $2,656,792 $322,438 ($7,123) $3,007,069 Financial liabilities Debt: Debt of consolidated trusts $3,092,140 $— $2,783,068 $390 $— $2,783,458 Debt of Freddie Mac 173,127 — 172,794 3,417 (2,110) 174,101 Total debt Various (6) 3,265,267 — 2,955,862 3,807 (2,110) 2,957,559 Other liabilities: Guarantee obligations Amortized cost 5,116 — 99 6,492 — 6,591 Derivative liabilities, net FV - NI 936 1 6,584 73 (5,722) 936 Other liabilities (5) FV - NI 1 — 339 106 — 445 Total other liabilities 6,053 1 7,022 6,671 (5,722) 7,972 Total financial liabilities $3,271,320 $1 $2,962,884 $10,478 ($7,832) $2,965,531 Referenced footnotes are included after the prior period table. December 31, 2023 GAAP Measurement Category (1) Carrying Amount (2) Fair Value (In millions) Level 1 Level 2 Level 3 Netting Adjustments (3) Total Financial assets Cash and cash equivalents Amortized cost $6,019 $6,019 $— $— $— $6,019 Securities purchased under agreements to resell Amortized cost 95,148 — 105,393 — (10,245) 95,148 Investment securities: Available-for-sale FV - OCI 4,890 — 4,212 678 — 4,890 Trading FV - NI 38,385 29,854 5,760 2,771 — 38,385 Total investment securities 43,275 29,854 9,972 3,449 — 43,275 Mortgage loans: Mortgage loans held-for-sale 12,941 — 9,276 3,868 — 13,144 Mortgage loans held-for-investment, net of allowance for credit losses 3,083,665 — 2,466,127 254,877 — 2,721,004 Total mortgage loans Various (4) 3,096,606 — 2,475,403 258,745 — 2,734,148 Other assets: Guarantee assets FV - NI 5,351 — — 5,353 — 5,353 Derivative assets, net FV - NI 486 — 6,209 2 (5,725) 486 Other assets (5) Various 2,107 — 946 1,165 — 2,111 Total other assets 7,944 — 7,155 6,520 (5,725) 7,950 Total financial assets $3,248,992 $35,873 $2,597,923 $268,714 ($15,970) $2,886,540 Financial liabilities Debt: Debt of consolidated trusts $3,041,927 $— $2,673,019 $727 $— $2,673,746 Debt of Freddie Mac 166,419 — 173,877 3,391 (10,245) 167,023 Total debt Various (6) 3,208,346 — 2,846,896 4,118 (10,245) 2,840,769 Other liabilities: Guarantee obligations Amortized cost 5,451 — 103 6,023 — 6,126 Derivative liabilities, net FV - NI 873 — 8,608 63 (7,798) 873 Other liabilities (5) FV - NI 14 — 465 194 — 659 Total other liabilities 6,338 — 9,176 6,280 (7,798) 7,658 Total financial liabilities $3,214,684 $— $2,856,072 $10,398 ($18,043) $2,848,427 (1) FV - NI denotes fair value through net income. FV - OCI denotes fair value through other comprehensive income. (2) Excludes allowance for credit losses on off-balance sheet credit exposure. (3) Represents counterparty netting and cash collateral netting, and includes accrued interest receivable and payable. (4) The GAAP carrying amounts measured at amortized cost, lower-of-cost-or-fair-value, and FV - NI were $3.1 trillion, $3.3 billion, and $10.7 billion as of September 30, 2024, respectively, and $3.1 trillion, $5.6 billion and $9.2 billion as of December 31, 2023, respectively. (5) For other assets, includes advances to lenders, secured lending, and loan commitments. For other liabilities, includes loan commitments. (6) Fair Value Option We elected the fair value option for certain mortgage loans and loan commitments and certain debt issuances. The table below presents the fair value and UPB related to items for which we have elected the fair value option. Table 13.7 - Difference Between Fair Value and UPB for Certain Financial Instruments with Fair Value Option Elected (1) September 30, 2024 December 31, 2023 (In millions) Fair value UPB Difference Fair value UPB Difference Mortgage loans held-for-sale $8,353 $8,003 $350 $7,356 $7,080 $276 Mortgage loans held-for-investment 2,371 2,643 (272) 1,806 2,095 (289) Debt of Freddie Mac 155 150 5 240 234 6 Debt of consolidated trusts 2,447 2,526 (79) 1,705 1,799 (94) Other assets (other liabilities) 106 N/A N/A 95 N/A N/A Changes in Fair Value Under the Fair Value Option Election The table below presents the changes in fair value related to items for which we have elected the fair value option. These amounts are included in investment gains, net, on our condensed consolidated statements of income. Table 13.8 - Changes in Fair Value Under the Fair Value Option Election 3Q 2024 3Q 2023 YTD 2024 YTD 2023 (In millions) Gains (Losses) Gains (Losses) Mortgage loans held-for-sale $267 ($256) $87 ($379) Mortgage loans held-for-investment 53 (20) (4) (24) Debt of Freddie Mac 13 (6) 18 13 Debt of consolidated trusts (6) 35 — 35 Other assets/other liabilities 230 (7) 472 47 Changes in fair value attributable to instrument-specific credit risk were not material for the periods presented for assets or liabilities for which we elected the fair value option.

Legal Contingencies

Legal Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Legal Contingencies	Legal Contingencies We are involved, directly or indirectly, in a variety of legal and regulatory proceedings arising from time to time in the ordinary course of business (including, among other things, contractual disputes, personal injury claims, employment-related litigation, and other legal proceedings incidental to our business) and in connection with the conservatorship and Purchase Agreement. We are frequently involved, directly or indirectly, in litigation involving mortgage foreclosures. From time to time, we are also involved in proceedings arising from our termination of a seller's or servicer's eligibility to sell loans to, and/or service loans for, us. In these cases, the former seller or servicer sometimes seeks damages against us for wrongful termination under a variety of legal theories. In addition, we are sometimes sued in connection with the origination or servicing of loans. These suits typically involve claims alleging wrongful actions of sellers and servicers. Our contracts with our sellers and servicers generally provide for indemnification of Freddie Mac against liability arising from sellers' and servicers' wrongful actions with respect to loans sold to or serviced for Freddie Mac. Litigation claims and proceedings of all types are subject to many uncertainties (including appeals and procedural filings), and there can be no assurance as to the ultimate outcome of those actions (including the matters described below). In accordance with the accounting guidance for contingencies, we reserve for litigation claims and assessments asserted or threatened against us when a loss is probable (as defined in such guidance) and the amount of the loss can be reasonably estimated. The actual costs of resolving legal actions may be substantially higher or lower than the amounts accrued for those actions. It is not possible for us to predict the actions the U.S. government (including Treasury and FHFA) might take in connection with any of these lawsuits or any future lawsuits. However, it is possible that we could be adversely affected by these actions, including, for example, by changes to the Purchase Agreement, or any resulting actual or perceived changes in the level of U.S. government support for our business. Putative Securities Class Action Lawsuit: Ohio Public Employees Retirement System vs. Freddie Mac, Syron, Et Al. This putative securities class action lawsuit was filed against Freddie Mac and certain former officers on January 18, 2008 in the U.S. District Court for the Northern District of Ohio purportedly on behalf of a class of purchasers of Freddie Mac stock from August 1, 2006 through November 20, 2007. FHFA later intervened as Conservator, and the plaintiff amended its complaint on several occasions. The plaintiff alleged, among other things, that the defendants violated federal securities laws by making false and misleading statements concerning our business, risk management, and the procedures we put into place to protect the company from problems in the mortgage industry. The plaintiff seeks unspecified damages and interest, and reasonable costs and expenses, including attorney and expert fees. In August 2018, the District Court denied the plaintiff's motion for class certification. On April 6, 2023, the Sixth Circuit reversed the District Court's September 17, 2020 decision to grant the plaintiff's request for summary judgment and enter final judgment in favor of Freddie Mac and other defendants. The Sixth Circuit remanded the case to the District Court for further proceedings. On May 3, 2024, defendants filed motions for summary judgment. The trial in the District Court is scheduled to begin on October 6, 2025. Litigation Concerning the Purchase Agreement in the U.S. District Court for the District of Columbia In re Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations . This is a consolidated class action lawsuit filed by private individual and institutional investors (collectively, "Class Plaintiffs") against FHFA, Fannie Mae, and Freddie Mac. Fairholme Funds, Inc., et al. v. FHFA, et al. This is an individual plaintiffs’ lawsuit by certain institutional investors (“Individual Plaintiffs”) against FHFA, Fannie Mae, and Freddie Mac. The Class Plaintiffs and Individual Plaintiffs (collectively "Plaintiffs") in the District of Columbia lawsuits filed an amended complaint on November 1, 2017 alleging claims for breach of contract, breach of the implied covenant of good faith and fair dealing, breach of fiduciary duties, and violation of Delaware and Virginia corporate law. Additionally, the Class Plaintiffs brought derivative claims against FHFA for breach of fiduciary duties and the Individual Plaintiffs brought claims under the Administrative Procedure Act. Both sets of claims are generally based on allegations that the net worth sweep dividend provisions of the senior preferred stock that were implemented pursuant to the August 2012 amendments nullified certain of the shareholders’ rights, including the rights to receive dividends and a liquidation preference. On September 28, 2018, the District Court dismissed all of the claims except those for breach of the implied covenant of good faith and fair dealing. The cases were consolidated for trial. Court rulings limited the Plaintiffs’ damages theories to those based on the decline in Freddie Mac’s and Fannie Mae’s share value immediately after the Third Amendment. The Plaintiffs asserted losses based on the decline in value of Freddie Mac’s common and junior preferred stock from August 16 to August 17, 2012. During the trial in October and early November 2022, the Plaintiffs requested that the jury award $832 million plus pre-judgment interest as damages against Freddie Mac. The jury in that trial was not able to reach a unanimous verdict and on November 7, 2022 the judge declared a mistrial. The retrial started on July 24, 2023. On August 14, 2023, the jury returned a verdict against FHFA, Fannie Mae, and Freddie Mac awarding compensatory damages of $282 million to Freddie Mac junior preferred shareholders and $31 million to Freddie Mac common shareholders. The jury declined to award the Freddie Mac shareholders prejudgment interest. In 3Q 2023, we recorded a $313 million accrual in other expense on our condensed consolidated statements of income for the adverse judgment. On March 20, 2024, the District Court entered final judgment. On April 17, 2024, the defendants filed a motion requesting entry of judgment in their favor notwithstanding the jury verdict, which has been fully briefed.

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2024
Compliance with Regulatory Capital Requirements - ERCF [Abstract]
Regulatory Capital	Regulatory Capital ERCF The table below presents our capital metrics under the ERCF. Table 15.1 - ERCF Available Capital and Capital Requirements (In billions) September 30, 2024 December 31, 2023 Adjusted total assets $3,772 $3,775 Risk-weighted assets (standardized approach) 1,046 1,009 September 30, 2024 Amounts Ratios (Dollars in billions) Available Capital (Deficit) Minimum Capital Requirement (Including Buffer (1) ) Available Capital (Deficit) Ratio (2) Minimum Capital Requirement Ratio (2) Capital Requirement Ratio (2) (Including Buffer (1) ) Risk-based capital: Total capital ($9) $84 $84 (0.9) % 8.0 % 8.0 % CET1 capital (35) 47 104 (3.4) 4.5 9.9 Tier 1 capital (21) 63 120 (2.0) 6.0 11.4 Adjusted total capital (21) 84 141 (2.0) 8.0 13.4 Leverage capital: Core capital (16) 94 94 (0.4) 2.5 2.5 Tier 1 capital (21) 94 108 (0.6) 2.5 2.9 December 31, 2023 Amounts Ratios (Dollars in billions) Available Capital (Deficit) Minimum Capital Requirement (Including Buffer (1) ) Available Capital (Deficit) Ratio (2) Minimum Capital Requirement Ratio (2) Capital Requirement Ratio (2) (Including Buffer (1) ) Risk-based capital: Total capital ($18) $81 $81 (1.8) % 8.0 % 8.0 % CET1 capital (43) 45 96 (4.3) 4.5 9.5 Tier 1 capital (29) 60 111 (2.9) 6.0 11.0 Adjusted total capital (29) 81 132 (2.9) 8.0 13.0 Leverage capital: Core capital (25) 95 95 (0.7) 2.5 2.5 Tier 1 capital (29) 95 106 (0.8) 2.5 2.8 (1) PCCBA for risk-based capital and PLBA for leverage capital. (2) As a percentage of RWA for risk-based capital and ATA for leverage capital.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 3,105	$ 2,685	$ 8,636	$ 7,624

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP and include our accounts as well as the accounts of other entities in which we have a controlling financial interest. All intercompany balances and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of our condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities at the date of the financial statements. Management has made significant estimates to report the allowance for credit losses on single-family mortgage loans. Actual results could be different from these estimates.
Consolidation and Equity Method Accounting	Consolidation and Equity Investments For each entity with which we are involved, we determine whether the entity should be consolidated in our financial statements. We consolidate entities in which we have a controlling financial interest. The method for determining whether a controlling financial interest exists varies depending on whether the entity is a VIE. For entities that are not VIEs, we hold a controlling financial interest in entities where we hold a majority of the voting rights or a majority of a limited partnership's kick-out rights through voting interests. We do not currently consolidate any entities which are not VIEs. We use the equity method to account for our interests in entities in which we do not have a controlling financial interest, but over which we have significant influence.
Other Significant Accounting Policies	Recently Issued Accounting Guidance Recently Adopted Accounting Guidance Standard Description Date of Effect on Consolidated Financial Statements ASU 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The amendments in this Update expand the use of the proportional amortization method of accounting to equity investments in other tax credit structures that meet certain conditions. This Update also amends those conditions primarily to assess projected benefits on a discounted basis and expands the disclosure requirements of those investments. January 1, 2024 The adoption of these amendments did not have a material effect on our consolidated financial statements. See the preceding section Consolidation and Equity Investments for additional information. Recently Issued Accounting Guidance, Not Yet Adopted Within Our Consolidated Financial Statements Standard Description Date of Effect on Consolidated Financial Statements ASU 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments in this Update require the disclosure of more detailed quantitative and qualitative information about significant segment expenses that are regularly provided to the CODM and included in each reported measure of segment profit or loss. December 31, 2024 We do not expect the adoption of ASU 2023-09 , Income Taxes (Topic 740): Improvements to Income Tax Disclosures The amendments in this Update require annual disclosure of more detailed tax rate reconciliation categories and income taxes paid by geography and jurisdiction. January 1, 2025 We do not expect the adoption of
Loan Restructurings	The following table provides the amortized cost basis of single-family held-for-investment loans that had a payment default (i.e., loans that became two months delinquent) during the periods presented and had been restructured within the previous 12 months preceding the payment default, when the borrower was experiencing financial difficulty at the time of the restructuring.
Fair Value of Financial Instruments	We use fair value measurements for the initial recording of certain assets and liabilities and periodic remeasurement of certain assets and liabilities on a recurring or non-recurring basis.

Securitization Activities and_2

Securitization Activities and Consolidation (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Table - Schedule of Various Interest Entities	The table below presents the carrying amounts and classification of the assets and liabilities recorded on our condensed consolidated balance sheets that relate to our variable interests in VIEs for which we are not the primary beneficiary and with which we were involved in the design and creation and have a significant continuing involvement, our maximum exposure to loss as a result of our involvement with such VIEs, and the total assets of the VIEs. Our involvement with such VIEs primarily consists of guarantees that we have issued to the VIE, some of which are accounted for as derivative instruments, and investments in debt securities issued by the VIE. See Note 4 for additional information on our guarantees to nonconsolidated VIEs. Total assets shown in the table below represents the remaining UPB of the mortgage loans or other noncash financial assets held by the VIE and excludes cash and nonfinancial assets held by the VIE. Maximum exposure to loss shown in the table below is primarily based on the remaining UPB of the guaranteed securities issued by the VIE and represents the contractual amounts that could be lost if the assets of the VIE (including the assets in the related reference pool for CRT products) became worthless at the balance sheet date, without consideration of proceeds from related collateral liquidation and possible recoveries under credit enhancements. We do not believe the maximum exposure to loss from our involvement with nonconsolidated VIEs is representative of the actual loss we are likely to incur based on our historical loss experience and after consideration of proceeds from related collateral liquidation and available credit enhancements. Table 2.1 - Nonconsolidated VIEs September 30, 2024 Carrying Amounts of the Assets and Liabilities on the Condensed Consolidated Balance Sheets Total Assets Maximum Exposure to Loss (In millions) Investment Securities Accrued Interest Receivable and Other Assets (1) Liabilities (1) Single-Family: Securitization products $1,703 $169 $456 $30,287 $24,684 Resecuritization products (2) 4,925 63 578 105,769 105,769 CRT products (3) — 90 196 27,648 8 Total Single-Family 6,628 322 1,230 163,704 130,461 Multifamily: Securitization products (4) 5,658 5,361 4,351 359,166 320,710 CRT products (3) — 28 14 1,537 23 Total Multifamily 5,658 5,389 4,365 360,703 320,733 Other — 7 5 83 454 Total $12,286 $5,718 $5,600 $524,490 $451,648 Referenced footnotes are included after the prior period table. December 31, 2023 Carrying Amounts of the Assets and Liabilities on the Condensed Consolidated Balance Sheets Total Assets Maximum Exposure to Loss (In millions) Investment Securities Accrued Interest Receivable and Other Assets (1) Liabilities (1) Single-Family: Securitization products $1,272 $172 $427 $30,298 $24,600 Resecuritization products (2) 4,952 67 626 110,320 110,320 CRT products (3) — 92 220 29,126 14 Total Single-Family 6,224 331 1,273 169,744 134,934 Multifamily: Securitization products (4) 5,985 5,082 4,652 360,928 321,262 CRT products (3) — 11 7 1,359 8 Total Multifamily 5,985 5,093 4,659 362,287 321,270 Other — 7 5 117 468 Total $12,209 $5,431 $5,937 $532,148 $456,672 (1) Other assets primarily include our guarantee assets. Liabilities primarily include our guarantee obligations. (2) Total assets and maximum exposure to loss are based on the UPB of Fannie Mae securities underlying commingled Freddie Mac resecuritization trusts. We exclude noncommingled resecuritization trusts from these amounts as we have already guaranteed the underlying collateral and therefore noncommingled resecuritizations do not involve any incremental assets or create any incremental exposure to credit risk. Total assets exclude less than $0.1 billion and $0.1 billion as of September 30, 2024 and December 31, 2023, respectively, of Fannie Mae securities that we have guaranteed that are included in resecuritization trusts that we have consolidated as we own all of the outstanding securities issued by the VIE. (3) Maximum exposure to loss is based on our expected recovery receivables and excludes our obligations to make certain payments to the VIE to support payment of the interest due on the notes issued by the VIE, which we account for as derivative instruments. The notional value of these derivative instruments is equal to the total assets of the VIE.

Mortgage Loans (Tables)

Mortgage Loans (Tables)	9 Months Ended
	Sep. 30, 2024
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Table - Mortgage Loans	The table below provides details of the loans on our condensed consolidated balance sheets. Table 3.1 - Mortgage Loans September 30, 2024 December 31, 2023 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Held-for-sale UPB $2,803 $9,051 $11,854 $3,527 $9,905 $13,432 Cost basis and fair value adjustments, net (510) 334 (176) (712) 221 (491) Total held-for-sale loans, net 2,293 9,385 11,678 2,815 10,126 12,941 Held-for-investment UPB 3,041,016 72,709 3,113,725 2,996,509 59,203 3,055,712 Cost basis and fair value adjustments, net (1) 33,665 (334) 33,331 34,627 (291) 34,336 Allowance for credit losses (6,392) (345) (6,737) (6,057) (326) (6,383) Total held-for-investment loans, net (2) 3,068,289 72,030 3,140,319 3,025,079 58,586 3,083,665 Total mortgage loans, net $3,070,582 $81,415 $3,151,997 $3,027,894 $68,712 $3,096,606 (1) Includes ($0.1) billion and ($0.2) billion of basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method fair value hedge relationships as of September 30, 2024 and December 31, 2023, respectively. (2) Includes $2.4 billion and $1.8 billion of multifamily held-for-investment loans for which we have elected the fair value option as of September 30, 2024 and December 31, 2023, respectively . The table below provides details of the UPB of loans we purchased and sold during the periods presented. Table 3.2 - Loans Purchased and Sold (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Single-Family: Purchases: Held-for-investment loans $98,243 $85,431 $245,751 $227,246 Sales of held-for-sale loans (1) 658 471 1,657 471 Multifamily: Purchases: Held-for-investment loans 7,867 3,076 14,283 11,086 Held-for-sale loans 6,028 9,984 19,068 20,077 Sales of held-for-sale loans (2) 6,606 8,722 19,671 23,498 (1) Our sales of single-family loans reflect the sale of single-family seasoned loans. (2) Our sales of multifamily loans occur primarily through the issuance of Multifamily K Certificates. The table below presents the allowance for credit losses or valuation allowance that was reversed or established due to loan reclassifications between held-for-investment and held-for-sale during the periods presented. Table 3.3 - Loan Reclassifications (1) 3Q 2024 3Q 2023 (In millions) UPB Allowance for Credit Losses Reversed or (Established) Valuation Allowance (Established) or Reversed UPB Allowance for Credit Losses Reversed or (Established) Valuation Allowance (Established) or Reversed Single-Family reclassifications from: Held-for-investment to held-for-sale $428 $14 $— $1,199 $23 $— Held-for-sale to held-for-investment (2) 78 6 5 75 4 10 Multifamily reclassifications from: Held-for-investment to held-for-sale 404 1 (14) 785 2 (8) Held-for-sale to held-for-investment (2) 38 — 1 40 (1) 2 YTD 2024 YTD 2023 (In millions) UPB Allowance for Credit Losses Reversed or (Established) Valuation Allowance (Established) or Reversed UPB Allowance for Credit Losses Reversed or (Established) Valuation Allowance (Established) or Reversed Single-Family reclassifications from: Held-for-investment to held-for-sale $1,495 $29 $— $1,199 $23 $— Held-for-sale to held-for-investment (2) 171 14 14 123 8 14 Multifamily reclassifications from: Held-for-investment to held-for-sale 1,245 12 (58) 6,251 4 (41) Held-for-sale to held-for-investment (2) 785 — 10 762 (1) 18 (1) Amounts exclude reclassifications related to loans for which we have elected the fair value option. (2) Allowance for credit losses established upon loan reclassifications from held-for-sale to held-for-investment to reflect the net amount we expect to collect on the loan. Loans with prior charge-offs may have a negative allowance for credit losses established upon reclassification.
Table - Held-for-Investment Loans on Non-accrual	The table below presents the amortized cost basis of non-accrual loans as of the beginning and the end of the periods presented, including the interest income recognized for the period that is related to the loans on non-accrual status as of the period end. Table 3.4 - Amortized Cost Basis of Held-for-Investment Loans on Non-Accrual (1) Non-Accrual Amortized Cost Basis Interest Income Recognized (2) (In millions) September 30, 2024 June 30, 2024 3Q 2024 YTD 2024 Single-Family: 20- and 30-year or more, amortizing fixed-rate $12,985 $11,773 $35 $167 15-year or less, amortizing fixed-rate 477 439 1 5 Adjustable-rate and other 230 230 1 4 Total Single-Family 13,692 12,442 37 176 Total Multifamily 114 110 1 2 Total Single-Family and Multifamily $13,806 $12,552 $38 $178 Referenced footnotes are included after the prior period table. Non-Accrual Amortized Cost Basis Interest Income Recognized (2) (In millions) September 30, 2023 June 30, 2023 3Q 2023 YTD 2023 Single-Family: 20- and 30-year or more, amortizing fixed-rate $11,825 $11,989 $27 $151 15-year or less, amortizing fixed-rate 526 540 1 4 Adjustable-rate and other 274 323 1 4 Total Single-Family 12,625 12,852 29 159 Total Multifamily 64 56 1 2 Total Single-Family and Multifamily $12,689 $12,908 $30 $161 (1) Excludes amounts related to loans for which we have elected the fair value option. (2) Represents the amount of payments received during the period, including those received while the loans were on accrual status, for the held-for-investment loans on non-accrual status as of period end. The table below provides the amount of accrued interest receivable presented on our condensed consolidated balance sheets and the amount of accrued interest receivable related to loans on non-accrual status at the end of the periods that was charged off. Table 3.5 - Accrued Interest Receivable and Related Charge-Offs Accrued Interest Receivable Accrued Interest Receivable Related Charge-Offs (In millions) September 30, 2024 December 31, 2023 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Single-Family loans $9,543 $8,833 ($59) ($44) ($151) ($180) Multifamily loans 342 287 — (1) (1) (1)
Table - Amortized Cost Basis of Held-For-Investment Mortgage Loans, by Credit Quality Indicator and Vintage	The table below presents the amortized cost basis of single-family held-for-investment loans by current LTV ratio. Our current LTV ratios are estimates based on available data through the end of each period presented. Table 3.6 - Amortized Cost Basis of Single-Family Held-for-Investment Loans by Current LTV Ratio and Vintage September 30, 2024 Year of Origination Total (In millions) 2024 2023 2022 2021 2020 Prior Current LTV ratio: 20- and 30-year or more, amortizing fixed-rate ≤ 60 $31,537 $42,162 $101,020 $541,934 $540,048 $474,309 $1,731,010 > 60 to 80 81,292 105,479 181,130 258,280 64,407 13,122 703,710 > 80 to 90 39,911 68,174 71,280 16,704 1,092 443 197,604 > 90 to 100 57,606 35,244 15,963 1,535 156 104 110,608 > 100 251 685 1,235 91 21 82 2,365 Total 20- and 30-year or more, amortizing fixed-rate 210,597 251,744 370,628 818,544 605,724 488,060 2,745,297 Current year-to-date gross charge-offs (1) — 6 29 36 29 122 222 15-year or less, amortizing fixed-rate ≤ 60 3,419 4,360 20,901 113,165 88,798 56,263 286,906 > 60 to 80 3,225 3,377 5,211 1,619 94 11 13,537 > 80 to 90 590 479 198 10 — — 1,277 > 90 to 100 314 59 20 — — — 393 > 100 1 1 — — — — 2 Total 15-year or less, amortizing fixed-rate 7,549 8,276 26,330 114,794 88,892 56,274 302,115 Current year-to-date gross charge-offs (1) — — 1 2 — 1 4 Adjustable-rate and other ≤ 60 319 424 1,716 3,316 1,363 11,710 18,848 > 60 to 80 843 1,277 2,482 786 61 191 5,640 > 80 to 90 400 800 866 32 2 14 2,114 > 90 to 100 282 241 182 3 — 4 712 > 100 — 8 20 — — 2 30 Total adjustable-rate and other 1,844 2,750 5,266 4,137 1,426 11,921 27,344 Current year-to-date gross charge-offs (1) — — — — — 1 1 Total for all loan product types by current LTV ratio: ≤ 60 35,275 46,946 123,637 658,415 630,209 542,282 2,036,764 > 60 to 80 85,360 110,133 188,823 260,685 64,562 13,324 722,887 > 80 to 90 40,901 69,453 72,344 16,746 1,094 457 200,995 > 90 to 100 58,202 35,544 16,165 1,538 156 108 111,713 > 100 252 694 1,255 91 21 84 2,397 Total Single-Family loans $219,990 $262,770 $402,224 $937,475 $696,042 $556,255 $3,074,756 Total current year-to-date gross charge-offs (1) $— $6 $30 $38 $29 $124 $227 Referenced footnotes are included after the prior period table. December 31, 2023 Year of Origination Total (In millions) 2023 2022 2021 2020 2019 Prior Current LTV ratio: 20- and 30-year or more, amortizing fixed-rate ≤ 60 $39,500 $93,279 $513,267 $542,449 $94,348 $411,663 $1,694,506 > 60 to 80 105,384 183,251 318,965 95,102 12,402 7,296 722,400 > 80 to 90 55,973 90,785 27,750 1,272 213 262 176,255 > 90 to 100 51,994 23,460 1,542 71 16 77 77,160 > 100 28 912 24 9 5 88 1,066 Total 20- and 30-year or more, amortizing fixed-rate 252,879 391,687 861,548 638,903 106,984 419,386 2,671,387 Full-year gross charge-offs (1) — 12 37 43 45 243 380 15-year or less, amortizing fixed-rate ≤ 60 4,221 20,246 121,709 98,338 12,488 56,493 313,495 > 60 to 80 3,973 8,314 4,491 278 19 5 17,080 > 80 to 90 623 509 25 — — — 1,157 > 90 to 100 198 33 1 — — — 232 > 100 1 1 — — — 1 3 Total 15-year or less, amortizing fixed-rate 9,016 29,103 126,226 98,616 12,507 56,499 331,967 Full-year gross charge-offs (1) — 1 2 1 — 2 6 Adjustable-rate and other ≤ 60 356 1,650 3,325 1,465 586 12,950 20,332 > 60 to 80 1,153 2,651 1,105 89 25 227 5,250 > 80 to 90 689 1,040 48 3 — 18 1,798 > 90 to 100 317 276 2 — — 8 603 > 100 — 16 — — — 4 20 Total adjustable-rate and other 2,515 5,633 4,480 1,557 611 13,207 28,003 Full-year gross charge-offs (1) — — — — — 1 1 Total for all loan product types by current LTV ratio: ≤ 60 44,077 115,175 638,301 642,252 107,422 481,106 2,028,333 > 60 to 80 110,510 194,216 324,561 95,469 12,446 7,528 744,730 > 80 to 90 57,285 92,334 27,823 1,275 213 280 179,210 > 90 to 100 52,509 23,769 1,545 71 16 85 77,995 > 100 29 929 24 9 5 93 1,089 Total Single-Family loans $264,410 $426,423 $992,254 $739,076 $120,102 $489,092 $3,031,357 Total full-year gross charge-offs (1) $— $13 $39 $44 $45 $246 $387 (1) Excludes charge-offs related to accrued interest receivable and advances of pre-foreclosure costs. Multifamily The table below presents the amortized cost basis of our multifamily held-for-investment loans, for which we have not elected the fair value option, by credit quality indicator, based on available data through the end of each period presented. These indicators involve significant management judgment and are defined as follows: n "Pass" is current and adequately protected by the borrower's current financial strength and debt service capacity; n "Special mention" has administrative issues that may affect future repayment prospects but does not have current credit weaknesses. In addition, this category generally includes loans in forbearance; n "Substandard" has a weakness that jeopardizes the timely full repayment; and n "Doubtful" has a weakness that makes collection or liquidation in full highly questionable and improbable based on existing conditions. Table 3.7 - Amortized Cost Basis of Multifamily Held-for-Investment Loans by Credit Quality Indicator and Vintage September 30, 2024 Year of Origination Total (In millions) 2024 2023 2022 2021 2020 Prior Revolving Loans Category: Pass $12,116 $14,611 $17,324 $7,196 $6,267 $7,930 $2,433 $67,877 Special mention 50 27 325 46 102 330 — 880 Substandard — 29 388 319 192 308 — 1,236 Doubtful — — 5 — — 6 — 11 Total $12,166 $14,667 $18,042 $7,561 $6,561 $8,574 $2,433 $70,004 December 31, 2023 Year of Origination Total (In millions) 2023 2022 2021 2020 2019 Prior Revolving Loans Category: Pass $13,804 $17,845 $7,430 $6,345 $4,420 $3,254 $2,266 $55,364 Special mention 20 85 28 43 294 106 — 576 Substandard — 33 188 259 223 464 — 1,167 Doubtful — — — — — — — — Total $13,824 $17,963 $7,646 $6,647 $4,937 $3,824 $2,266 $57,107
Table - Payment Status of Mortgage Loans	Past Due Status The table below presents the amortized cost basis of our single-family and multifamily held-for-investment loans, for which we have not elected the fair value option, by payment status. Table 3.8 - Amortized Cost Basis of Held-for-Investment Loans by Payment Status (1) September 30, 2024 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure (2) Total Non-Accrual With No Allowance (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,700,992 $25,362 $6,334 $12,609 $2,745,297 $425 15-year or less, amortizing fixed-rate 299,989 1,392 272 462 302,115 4 Adjustable-rate and other 26,713 312 95 224 27,344 36 Total Single-Family 3,027,694 27,066 6,701 13,295 3,074,756 465 Total Multifamily 69,845 42 3 114 70,004 61 Total Single-Family and Multifamily $3,097,539 $27,108 $6,704 $13,409 $3,144,760 $526 December 31, 2023 (In millions) Current One Two Three Months or (2) Total Non-Accrual with No Allowance (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,627,763 $25,528 $5,787 $12,309 $2,671,387 $406 15-year or less, amortizing fixed-rate 329,601 1,589 270 507 331,967 4 Adjustable-rate and other 27,317 342 95 249 28,003 49 Total Single-Family 2,984,681 27,459 6,152 13,065 3,031,357 459 Total Multifamily 57,031 12 — 64 57,107 23 Total Single-Family and Multifamily $3,041,712 $27,471 $6,152 $13,129 $3,088,464 $482 Referenced footnotes are on the next page. (1) There were no held-for-investment loans that were three months or more past due and accruing interest as of both September 30, 2024 and December 31, 2023. (2) Includes $2.4 billion and $2.0 billion of single-family loans that were in the process of foreclosure as of September 30, 2024 and December 31, 2023, respectively. (3) Loans with no allowance for loan losses primarily represent loans that were previously charged off and for which the amount we expect to collect is sufficiently in excess of the amortized cost to result in recovery of the entire amortized cost basis if the property were foreclosed upon or otherwise subject to disposition. We exclude the amounts of allowance for credit losses on advances of pre-foreclosure costs when determining whether a loan has an allowance for credit losses.
Table - Loan Restructuring	The table below presents the amortized cost basis of single-family held-for-investment loan restructurings involving borrowers experiencing financial difficulty that we entered into during the periods presented. Table 3.9 - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (1) 3Q 2024 (Dollars in millions) Payment Delay (2) Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Total as % of Class of Financing Receivable (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $5,597 $1,533 $25 $7,155 0.3 % 15-year or less, amortizing fixed-rate 213 — — 213 0.1 Adjustable-rate and other 57 3 1 61 0.2 Total Single-Family loan restructurings $5,867 $1,536 $26 $7,429 0.2 3Q 2023 (Dollars in millions) Payment Delay (2) Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Total as % of Class of Financing Receivable (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $5,232 $1,140 $13 $6,385 0.2 % 15-year or less, amortizing fixed-rate 230 — — 230 0.1 Adjustable-rate and other 49 6 1 56 0.2 Total Single-Family loan restructurings $5,511 $1,146 $14 $6,671 0.2 YTD 2024 (Dollars in millions) Payment Delay (2) Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Total as % of Class of Financing Receivable (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $13,370 $4,256 $44 $17,670 0.6 % 15-year or less, amortizing fixed-rate 526 — — 526 0.2 Adjustable-rate and other 137 9 1 147 0.5 Total Single-Family loan restructurings $14,033 $4,265 $45 $18,343 0.6 Referenced footnotes are on the next page. YTD 2023 (Dollars in millions) Payment Delay (2) Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Total as % of Class of Financing Receivable (3) Single-Family: 20- and 30-year or more, amortizing fixed-rate $13,945 $3,122 $123 $17,190 0.6 % 15-year or less, amortizing fixed-rate 683 — — 683 0.2 Adjustable-rate and other 154 19 6 179 0.6 Total Single-Family loan restructurings $14,782 $3,141 $129 $18,052 0.6 (1) Type of loan restructurings reflects the cumulative effects of the loan restructurings received during the period. Includes loan modifications in the period in which the borrower completes the trial period and the loan is permanently modified. The amortized cost basis of loans in trial period modification plans was $2.0 billion and $1.6 billion as of September 30, 2024 and September 30, 2023, respectively. Most of these loans are 20- and 30-year or more, amortizing fixed-rate loans. (2) Includes $1.7 billion and $6.1 billion related to payment deferral plans for 3Q 2024 and YTD 2024, respectively, compared to $1.9 billion and $6.5 billion for 3Q 2023 and YTD 2023, respectively. Also includes forbearance plans, repayment plans, and loan modifications that only involve payment delays. (3) Based on the amortized cost basis as of period end, divided by the total period-end amortized cost basis of the corresponding financing receivable class of single-family held-for-investment loans. The table below shows the financial effect of single-family held-for-investment loan restructurings involving borrowers experiencing financial difficulty that we entered into during the periods presented. Table 3.10 – Financial Effects of Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (1) 3Q 2024 (Dollars in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension Weighted-Average Payment Deferral or Principal Forbearance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate 0.5 % 168 $16 15-year or less, amortizing fixed-rate — 10 9 Adjustable-rate and other 1.1 255 12 3Q 2023 (Dollars in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension Weighted-Average Payment Deferral or Principal Forbearance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate 1.2 % 175 $18 15-year or less, amortizing fixed-rate — 0 15 Adjustable-rate and other 1.0 222 18 YTD 2024 (Dollars in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension Weighted-Average Payment Deferral or Principal Forbearance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate 0.6 % 168 $16 15-year or less, amortizing fixed-rate — 10 13 Adjustable-rate and other 1.0 235 13 Referenced footnotes are on the next page. YTD 2023 (Dollars in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension Weighted-Average Payment Deferral or Principal Forbearance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate 1.0 % 177 $17 15-year or less, amortizing fixed-rate — 0 16 Adjustable-rate and other 1.8 202 17 (1) Averages are based on payment deferral plans and loan modifications completed during the periods presented. The financial effects of forbearance plans and repayment plans consist of a payment delay of between one and twelve months. In addition, the financial effect of a forbearance plan is included at the time the forbearance plan is completed if the borrower exits forbearance by entering into a payment deferral plan or loan modification. (2) Primarily related to payment deferral plans. Amounts are based on non-interest-bearing principal balances on the restructured loans. The following table provides the amortized cost basis of single-family held-for-investment loans that had a payment default (i.e., loans that became two months delinquent) during the periods presented and had been restructured within the previous 12 months preceding the payment default, when the borrower was experiencing financial difficulty at the time of the restructuring. Table 3.11 - Subsequent Defaults of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty (1) 3Q 2024 (In millions) Payment Delay Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $1,166 $544 $5 $1,715 15-year or less, amortizing fixed-rate 44 — — 44 Adjustable-rate and other 13 — — 13 Total Single-Family $1,223 $544 $5 $1,772 3Q 2023 (In millions) Payment Delay Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $810 $319 $57 $1,186 15-year or less, amortizing fixed-rate 33 — — 33 Adjustable-rate and other 11 2 1 14 Total Single-Family $854 $321 $58 $1,233 YTD 2024 (In millions) Payment Delay Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,516 $1,144 $11 $3,671 15-year or less, amortizing fixed-rate 86 — — 86 Adjustable-rate and other 26 1 — 27 Total Single-Family $2,628 $1,145 $11 $3,784 Referenced footnotes are on the next page. YTD 2023 (In millions) Payment Delay Payment Delay and Term Extension Payment Delay, Term Extension, and Interest Rate Reduction Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $1,877 $614 $315 $2,806 15-year or less, amortizing fixed-rate 78 — — 78 Adjustable-rate and other 25 5 6 36 Total Single-Family $1,980 $619 $321 $2,920 (1) Excludes forbearance plans and repayment plans as borrowers are typically past due based on the loan's original contractual terms at the time the borrowers enter into these plans. The following table provides the single-family held-for-investment loan performance in the 12 months after a restructuring involving borrowers experiencing financial difficulty. While a single-family loan is in a forbearance plan or repayment plan, payments continue to be due based on the loan’s original contractual terms because the loan has not been permanently modified. As a result, we report single-family loans in forbearance plans and repayment plans as delinquent to the extent that payments are past due based on the loan’s original contractual terms. Loans that have been restructured by entering into a payment deferral plan or loan modification are reported as delinquent to the extent that payments are past due based on the loan's restructured terms. Table 3.12 - Amortized Cost Basis of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty by Payment Status September 30, 2024 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $10,808 $3,161 $1,932 $5,602 $21,503 15-year or less, amortizing fixed-rate 307 98 63 190 658 Adjustable-rate and other 83 25 18 53 179 Total Single-Family $11,198 $3,284 $2,013 $5,845 $22,340 September 30, 2023 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due Total Single-Family: 20- and 30-year or more, amortizing fixed-rate $11,858 $2,636 $1,484 $5,805 $21,783 15-year or less, amortizing fixed-rate 483 96 56 248 883 Adjustable-rate and other 123 26 15 71 235 Total Single-Family $12,464 $2,758 $1,555 $6,124 $22,901

Guarantees and Other Off-Bala_2

Guarantees and Other Off-Balance Sheet Credit Exposures (Tables)	9 Months Ended
	Sep. 30, 2024
Guarantees [Abstract]
Table - Financial Guarantees	The table below presents information about our mortgage-related guarantees and guarantees of Fannie Mae securities, including the UPB of the loans or securities underlying the guarantee, the maximum potential amount of future payments that we could be required to make under the guarantee, the liability we have recognized on our condensed consolidated balance sheets for the guarantee, and the maximum remaining term of the guarantee. This table does not include our unrecognized guarantees, such as guarantees to consolidated VIEs or to resecuritization trusts that do not expose us to incremental credit risk. We do not believe the potential amount of future payments we could be required to make is representative of the actual payments we will be required to make or the actual loss we are likely to incur, based on our historical loss experience and after consideration of proceeds from related collateral liquidation, including possible recoveries under credit enhancements. Table 4.1 - Financial Guarantees September 30, 2024 ( Dollars in millions , terms in years) UPB Maximum Exposure Recognized Liability (1) Maximum Remaining Term Single-Family mortgage-related guarantees: Nonconsolidated securitization products (2) $30,287 $24,684 $411 40 Other mortgage-related guarantees 8,126 8,127 135 28 Total Single-Family mortgage-related guarantees 38,413 32,811 546 Multifamily mortgage-related guarantees: Nonconsolidated securitization products (2)(3) 359,166 320,710 4,231 36 Other mortgage-related guarantees 11,190 11,190 374 34 Total Multifamily mortgage-related guarantees 370,356 331,900 4,605 Guarantees of Fannie Mae securities (4) 105,769 105,769 — 37 Other 83 454 — 30 December 31, 2023 ( Dollars in millions , terms in years) UPB Maximum Exposure Recognized Liability (1) Maximum Remaining Term Single-Family mortgage-related guarantees: Nonconsolidated securitization products (2) $30,289 $24,600 $382 40 Other mortgage-related guarantees 8,692 8,692 161 28 Total Single-Family mortgage-related guarantees 38,981 33,292 543 Multifamily mortgage-related guarantees: Nonconsolidated securitization products (2)(3) 360,928 321,262 4,577 36 Other mortgage-related guarantees 10,761 10,761 383 35 Total Multifamily mortgage-related guarantees 371,689 332,023 4,960 Guarantees of Fannie Mae securities (4) 110,320 110,320 — 38 Other 117 468 — 30 (1) Excludes allowance for credit losses on off-balance sheet credit exposures. See Note 5 for additional information on our allowance for credit losses on off-balance sheet credit exposures. (2) Maximum exposure is based on remaining UPB of the guaranteed securities issued by the VIE. (3) Includes UPB of $0.5 billion and $0.3 billion as of September 30, 2024 and December 31, 2023, respectively, related to VIEs in which our interest would no longer absorb significant variability as the guaranteed securities have completely paid off. In addition, includes guarantees that are accounted for as derivatives with UPB of $2.0 billion and $2.1 billion as of September 30, 2024 and December 31, 2023, respectively. (4) Excludes less than $0.1 billion and $0.1 billion as of September 30, 2024 and December 31, 2023, respectively, of Fannie Mae securities that we have guaranteed that are included in resecuritization trusts that we have consolidated as we own all of the outstanding securities issued by the VIE. The table below presents the payment status of the mortgage loans underlying our mortgage-related guarantees. Table 4.2 – UPB of Loans Underlying Our Mortgage-Related Guarantees by Payment Status September 30, 2024 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure Total Single-Family $34,170 $2,049 $792 $1,402 $38,413 Multifamily 368,368 396 169 1,423 370,356 Total $402,538 $2,445 $961 $2,825 $408,769 December 31, 2023 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure Total Single-Family $34,524 $2,172 $827 $1,458 $38,981 Multifamily 369,785 850 98 956 371,689 Total $404,309 $3,022 $925 $2,414 $410,670 Table 4.3 – Other Off-Balance Sheet Credit Exposures (In millions) September 30, 2024 December 31, 2023 Mortgage loan purchase commitments (1) $17,445 $10,378 Unsettled securities purchased under agreements to resell, net (2) 29,161 22,276 Other commitments (3) 4,298 4,701 Total $50,904 $37,355 (1) Includes $3.1 billion and $1.9 billion of commitments for which we have elected the fair value option as of September 30, 2024 and December 31, 2023, respectively. Excludes mortgage loan purchase commitments accounted for as derivative instruments. See Note 8 for additional information on commitments accounted for as derivative instruments. (2) Net of $4.0 billion of unsettled securities sold under agreements to repurchase as of December 31, 2023. There was no such activity as of September 30, 2024. (3) Consists of unfunded portion of revolving lines of credit, liquidity guarantees, and other commitments.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Table - Details of the Allowance for Credit Losses	The table below summarizes changes in our allowance for credit losses. Table 5.1 - Details of the Allowance for Credit Losses 3Q 2024 3Q 2023 YTD 2024 YTD 2023 (In millions) Single-Family Multi-family Total Single-Family Multi-family Total Single-Family Multi-family Total Single-Family Multi-family Total Beginning balance $6,760 $587 $7,347 $7,457 $325 $7,782 $6,402 $447 $6,849 $7,746 $147 $7,893 Provision (benefit) for credit losses (99) (92) (191) (304) 41 (263) 336 48 384 (624) 219 (405) Charge-offs (75) — (75) (221) — (221) (367) — (367) (422) — (422) Recoveries collected 39 — 39 54 — 54 89 — 89 115 — 115 Other (1) 72 — 72 80 — 80 237 — 237 251 — 251 Ending balance $6,697 $495 $7,192 $7,066 $366 $7,432 $6,697 $495 $7,192 $7,066 $366 $7,432 Components of the ending balance of the allowance for credit losses: Mortgage loans held-for-investment $6,392 $345 $6,737 $6,668 $280 $6,948 Other (2) 305 150 455 398 86 484 Total ending balance $6,697 $495 $7,192 $7,066 $366 $7,432 (1) Primarily includes capitalization of past due interest related to non-accrual loans that received payment deferral plans and loan modifications. (2) Includes allowance for credit losses related to advances of pre-foreclosure costs and off-balance sheet credit exposures.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Table - Investment Securities		The table below summarizes the fair values of our investments in debt securities by classification. Table 6.1 - Investment Securities (In millions) September 30, 2024 December 31, 2023 Trading securities $39,356 $38,385 Available-for-sale securities 4,257 4,890 Total fair value of investment securities $43,613 $43,275
Table - Trading Securities		The table below presents the fair values of our trading securities by major security type. Our non-mortgage-related securities primarily consist of investments in U.S. Treasury securities. Table 6.2 - Trading Securities (In millions) September 30, 2024 December 31, 2023 Mortgage-related securities $8,825 $8,113 Non-mortgage-related securities 30,531 30,272 Total fair value of trading securities $39,356 $38,385
Net Trading Gains (Losses)		The table below provides details of our net trading gains (losses). Table 6.3 - Net Trading Gains (Losses) (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Net trading gains (losses) $993 ($220) $794 ($332) Less: Net trading gains (losses) on securities sold 238 (84) 131 (31) Net trading gains (losses) recognized during the period related to securities still held at period end $755 ($136) $663 ($301)
Table - Available-For-Sale Securities		The table below provides details of the securities classified as available-for-sale on our condensed consolidated balance sheets. At both September 30, 2024 and December 31, 2023, all available-for-sale securities were mortgage-related securities. Table 6.4 - Available-for-Sale Securities September 30, 2024 Amortized Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Fair Value Accrued Interest Receivable (In millions) Agency mortgage-related securities $3,843 $16 ($67) $3,792 $9 Other mortgage-related securities 279 198 (12) 465 2 Total available-for-sale securities $4,122 $214 ($79) $4,257 $11 December 31, 2023 Amortized Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Fair Value Accrued Interest Receivable (In millions) Agency mortgage-related securities $4,467 $13 ($110) $4,370 $10 Other mortgage-related securities 340 188 (8) 520 3 Total available-for-sale securities $4,807 $201 ($118) $4,890 $13
Table - Available-For-Sale Securities in a Gross Unrealized Loss Position	The table below presents available-for-sale securities in a gross unrealized loss position and whether such securities have been in an unrealized loss position for less than 12 months, or 12 months or greater. Table 6.5 - Available-for-Sale Securities in a Gross Unrealized Loss Position September 30, 2024 Less than 12 Months 12 Months or Greater (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Agency mortgage-related securities $397 ($1) $2,453 ($66) Other mortgage-related securities 5 — 29 (12) Total available-for-sale securities in a gross unrealized loss position $402 ($1) $2,482 ($78) December 31, 2023 Less than 12 Months 12 Months or Greater (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Agency mortgage-related securities $374 ($1) $3,006 ($108) Other mortgage-related securities 23 (4) 23 (5) Total available-for-sale securities in a gross unrealized loss position $397 ($5) $3,029 ($113)
Table - Gross Realized Gains and Gross Realized Losses on Sales of Available-For-Sale Securities		The table below summarizes the total proceeds, gross realized gains and gross realized losses from sales of available-for-sale securities. Table 6.6 - Total Proceeds, Gross Realized Gains and Gross Realized Losses from Sales of Available-for-Sale Securities (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Total proceeds $260 $1,441 $1,097 $2,333 Gross realized gains 5 — 8 5 Gross realized losses — (118) (12) (122) Net realized gains (losses) $5 ($118) ($4) ($117)

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Table - Total Debt	The table below summarizes the balances of total debt on our condensed consolidated balance sheets. Table 7.1 - Total Debt (In millions) September 30, 2024 December 31, 2023 Debt of consolidated trusts $3,092,140 $3,041,927 Debt of Freddie Mac: Short-term debt 13,817 5,976 Long-term debt 159,310 160,443 Total debt of Freddie Mac 173,127 166,419 Total debt $3,265,267 $3,208,346
Table - Debt of Consolidated Trusts	The table below summarizes the debt of consolidated trusts based on underlying loan product type. Table 7.2 - Debt of Consolidated Trusts September 30, 2024 December 31, 2023 (Dollars in millions) Contractual Maturity UPB Carrying Amount (1) Weighted Average Coupon (2) Contractual Maturity UPB Carrying Amount (1) Weighted Average Coupon (2) Single-Family: 20-and 30-year or more, fixed-rate 2024 - 2061 $2,670,853 $2,706,909 3.28 % 2024 - 2061 $2,603,100 $2,640,550 3.06 % 15-year or less, fixed-rate 2024 - 2039 298,106 302,263 2.27 2024 - 2039 326,242 331,291 2.20 Adjustable-rate and other 2024 - 2054 23,222 23,644 4.41 2024 - 2054 23,251 23,749 3.93 Total Single-Family 2,992,181 3,032,816 2,952,593 2,995,590 Multifamily 2024-2054 60,444 59,324 3.50 2024 - 2053 47,300 46,337 3.35 Total debt of consolidated trusts $3,052,625 $3,092,140 $2,999,893 $3,041,927 (1) Includes $2.8 billion and $2.1 billion as of September 30, 2024 and December 31, 2023, respectively, of debt of consolidated trusts that represents the fair value of debt for which the fair value option was elected. (2) The effective interest rate for debt of consolidated trusts was 2.92% and 2.73% as of September 30, 2024 and December 31, 2023, respectively.
Table - Short-term Debt	Short-Term Debt The table below summarizes the balances and effective interest rates for our short-term debt. Table 7.3 - Short-Term Debt September 30, 2024 December 31, 2023 (Dollars in millions) Par Value Carrying Amount Weighted Par Value Carrying Amount Weighted Discount notes and Reference Bills ® $13,842 $13,817 4.93 % $6,032 $5,976 5.39 %
Table - Long-term Debt	The table below summarizes our long-term debt. Table 7.4 - Long-Term Debt September 30, 2024 December 31, 2023 (Dollars in millions) Contractual Maturity Par Value Carrying Amount (1) Weighted Average Effective Rate (2) Contractual Maturity Par Value Carrying Amount (1) Weighted Average Effective Rate (2) Long-term debt: Fixed-rate: Medium-term notes — callable 2024 - 2054 $120,304 $120,194 3.16 % 2024 - 2050 $139,344 $139,257 3.13 % Medium-term notes — non-callable 2024 - 2028 327 327 3.29 2024 - 2028 1,573 1,574 0.98 Reference Notes securities — non-callable 2025 - 2032 18,162 18,210 3.19 2025 - 2032 18,162 18,209 3.19 SCR debt notes 2031 - 2032 77 79 13.00 2031 - 2032 82 83 13.00 Variable-rate: Medium-term notes — callable 2024 - 2034 1,637 1,636 4.62 2024 - 2028 1,869 1,867 4.81 Medium-term notes — non-callable 2026 17,647 17,644 5.34 2026 47 47 8.10 STACR 2025-2042 1,630 1,553 12.34 2024 - 2042 2,095 2,006 11.45 Zero-coupon: Medium-term notes — non-callable 2025 - 2039 4,748 3,161 6.20 2024 - 2039 4,836 3,100 6.17 Other 2047 - 2053 — 110 0.85 2047 - 2053 — 121 0.84 Hedging-related basis adjustments N/A (3,604) N/A (5,821) Total long-term debt $164,532 $159,310 3.56 % $168,008 $160,443 3.30 % (1) Represents par value, net of associated discounts or premiums and issuance cost. Includes $0.3 billion and $0.4 billion at September 30, 2024 and December 31, 2023, respectively, of long-term debt that represents the fair value of debt for which the fair value option was elected. (2) Based on carrying amount.
Table - Contractual Maturity of Long-Term Debt	Table 7.5 - Contractual Maturities of Long-Term Debt and Debt Securities September 30, 2024 (In millions) Amounts Annual Maturities Long-term debt (excluding STACR and SCR debt notes): 2024 $6,787 2025 53,207 2026 30,626 2027 18,426 2028 9,892 Thereafter 43,887 Debt of consolidated trusts, STACR, and SCR debt notes (1) 3,054,332 Total 3,217,157 Net discounts, premiums, debt issuance costs, hedge-related, and other basis adjustments (2) 34,293 Total debt of consolidated trusts, STACR, SCR, and long-term debt $3,251,450 (1) Contractual maturities of these debt securities are not presented because they are subject to prepayment risk, as their payments are based upon the performance of a pool of mortgage assets that may be prepaid by the related mortgage borrower at any time generally without penalty. (2) Other basis adjustments primarily represent changes in fair value on debt where we have elected the fair value option.

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Table - Derivative Assets and Liabilities at Fair Value	The table below presents the notional value and fair value of derivatives reported on our condensed consolidated balance sheets. Table 8.1 - Derivative Assets and Liabilities at Fair Value September 30, 2024 December 31, 2023 Notional or Derivative Assets Derivative Liabilities Notional or Derivative Assets Derivative Liabilities (In millions) Not designated as hedges Interest-rate risk management derivatives: Swaps $360,455 $1,347 ($488) $351,193 $1,638 ($462) Written options 40,819 — (1,614) 48,227 — (1,746) Purchased options (1) 92,390 3,963 — 89,790 4,251 — Futures 90,674 — — 132,982 — — Total interest-rate risk management derivatives 584,338 5,310 (2,102) 622,192 5,889 (2,208) Mortgage commitment derivatives 57,116 24 (19) 26,911 43 (10) CRT-related derivatives (2) 29,185 — (210) 30,578 — (228) Other 19,788 38 (534) 14,572 3 (567) Total derivatives not designated as hedges 690,427 5,372 (2,865) 694,253 5,935 (3,013) Designated as fair value hedges Interest-rate risk management derivatives: Swaps 160,595 235 (3,793) 172,202 276 (5,658) Total derivatives designated as fair value hedges 160,595 235 (3,793) 172,202 276 (5,658) Receivables (payables) 239 (1) 17 (36) Netting adjustments (3) (5,252) 5,723 (5,742) 7,834 Total derivative portfolio, net $851,022 $594 ($936) $866,455 $486 ($873) (1) Includes swaptions on credit indices with a notional or contractual amount of $6.9 billion and $6.4 billion at September 30, 2024 and December 31, 2023, respectively, and a fair value of $1.0 million at both September 30, 2024 and December 31, 2023. (2) Includes derivative instruments related to CRT transactions that are considered freestanding credit enhancements. (3) Represents counterparty netting and cash collateral netting.
Table - Offsetting of Derivatives	The table below presents offsetting and collateral information related to derivatives which are subject to enforceable master netting agreements or similar arrangements. Table 8.2 - Offsetting of Derivatives September 30, 2024 December 31, 2023 Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities (In millions) OTC derivatives $5,546 ($5,895) $6,165 ($7,866) Cleared and exchange-traded derivatives 225 (1) 13 (36) Mortgage commitment derivatives 37 (19) 47 (10) Other 38 (744) 3 (795) Total derivatives 5,846 (6,659) 6,228 (8,707) Counterparty netting (3,468) 3,468 (4,210) 4,210 Cash collateral netting (1) (1,784) 2,255 (1,532) 3,624 Net amount presented in the consolidated balance sheets 594 (936) 486 (873) Gross amount not offset in the consolidated balance sheets (2) (193) 47 (366) 47 Net amount $401 ($889) $120 ($826) (1) Excess cash collateral held is presented as a derivative liability, while excess cash collateral posted is presented as a derivative asset. (2)
Table - Gains and Losses on Derivatives	The table below presents the gains and losses on derivatives not designated in qualifying hedge relationships. These amounts are reported on our condensed consolidated statements of income as investment gains, net. Table 8.3 - Gains and Losses on Derivatives (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Not designated as hedges Interest-rate risk management derivatives: Swaps ($425) ($48) ($27) $360 Written options 223 (424) 174 (147) Purchased options (511) 1,012 (213) 463 Futures (475) 668 68 880 Total interest-rate risk management derivatives fair value gains (losses) (1,188) 1,208 2 1,556 Mortgage commitment derivatives (415) 248 (343) 293 CRT-related derivatives (1) 39 (10) 47 (154) Other 194 (194) 31 (197) Total derivatives not designated as hedges fair value gains (losses) ($1,370) $1,252 ($263) $1,498 (1)
Table - Gains and Losses on Fair Value Hedge	The table below presents the effects of fair value hedge accounting by condensed consolidated statements of income line item, including the gains and losses on derivatives and hedged items designated in qualifying hedge relationships and other components due to the application of hedge accounting. Table 8.4 - Gains and Losses on Fair Value Hedges 3Q 2024 3Q 2023 (In millions) Interest Income Interest Expense Interest Income Interest Expense Total amounts of income and expense line items presented in our condensed consolidated statements of income in which the effects of fair value hedges are recorded: $29,809 ($24,810) $26,799 ($22,050) Interest contracts on mortgage loans held-for-investment: Gain (loss) on fair value hedging relationships: Hedged items 2,049 — (1,722) — Derivatives designated as hedging instruments (2,039) — 1,658 — Interest accruals on hedging instruments 227 — 225 — Discontinued hedge related basis adjustments amortization 44 — 60 — Interest contracts on debt: Gain (loss) on fair value hedging relationships: Hedged items — (1,869) — 16 Derivatives designated as hedging instruments — 1,876 — (9) Interest accruals on hedging instruments — (824) — (1,014) Discontinued hedge related basis adjustment amortization — (1) — (145) YTD 2024 YTD 2023 (In millions) Interest Income Interest Expense Interest Income Interest Expense Total amounts of income and expense line items presented in our condensed consolidated statements of income in which the effects of fair value hedges are recorded: $87,258 ($72,572) $77,541 ($63,768) Interest contracts on mortgage loans held-for-investment: Gain (loss) on fair value hedging relationships: Hedged items 820 — (1,563) — Derivatives designated as hedging instruments (926) — 1,485 — Interest accruals on hedging instruments 701 — 687 — Discontinued hedge related basis adjustments amortization 160 — 130 — Interest contracts on debt: Gain (loss) on fair value hedging relationships: Hedged items — (2,246) — (794) Derivatives designated as hedging instruments — 2,268 — 776 Interest accruals on hedging instruments — (2,627) — (3,065) Discontinued hedge related basis adjustment amortization — (5) — (355)
Table - Cumulative Basis Adjustments Due to Fair Value Hedging	The table below presents the cumulative basis adjustments and the carrying amounts of the hedged item by its respective balance sheet line item. Table 8.5 - Cumulative Basis Adjustments Due to Fair Value Hedging September 30, 2024 Carrying Amount Assets / (Liabilities) Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying Amount Closed Portfolio Under the Portfolio Layer Method (In millions) Total Under the Portfolio Layer Method Discontinued - Hedge Related Total Amount by Amortized Cost Basis Designated Amount by UPB Mortgage loans held-for-investment $1,109,943 ($1,274) ($75) ($1,199) $56,306 $11,845 Mortgage loans held-for-sale 145 1 — 1 — — Debt (117,127) 3,604 — 19 — — December 31, 2023 Carrying Amount Assets / (Liabilities) Cumulative Amount of Fair Value Hedging Basis Adjustment Included in the Carrying Amount Closed Portfolio Under the Portfolio Layer Method (In millions) Total Under the Portfolio Layer Method Discontinued - Hedge Related Total Amount by Amortized Cost Basis Designated Amount by UPB Mortgage loans held-for-investment $1,115,454 ($2,253) ($220) ($2,033) $59,786 $11,670 Mortgage loans held-for-sale 128 1 — 1 — — Debt (143,407) 5,821 — 29 — —

Collateralized Agreements and_2

Collateralized Agreements and Offsetting Arrangements (Tables)	9 Months Ended
	Sep. 30, 2024
Offsetting [Abstract]
Table - Offsetting and Collateral Information of Financial Assets and Liabilities	Table 9.1 - Offsetting and Collateral Information of Certain Financial Assets and Liabilities September 30, 2024 (In millions) Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (1) Net Amount Assets: Securities purchased under agreements to resell $105,220 ($2,110) $103,110 ($103,110) $— Liabilities: Securities sold under agreements to repurchase (2,110) 2,110 — — — December 31, 2023 (In millions) Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (1) Net Amount Assets: Securities purchased under agreements to resell $105,393 ($10,245) $95,148 ($95,148) $— Liabilities: Securities sold under agreements to repurchase (10,245) 10,245 — — — (1) For securities purchased under agreements to resell, includes $105.2 billion and $104.2 billion of collateral that we had the right to repledge as of September 30, 2024 and December 31, 2023, respectively. We did not repledge collateral as of September 30, 2024. We repledged $0.4 billion of collateral as of December 31, 2023.
Table - Offsetting and Collateral Information of Financial Assets and Liabilities	Table 9.1 - Offsetting and Collateral Information of Certain Financial Assets and Liabilities September 30, 2024 (In millions) Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (1) Net Amount Assets: Securities purchased under agreements to resell $105,220 ($2,110) $103,110 ($103,110) $— Liabilities: Securities sold under agreements to repurchase (2,110) 2,110 — — — December 31, 2023 (In millions) Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (1) Net Amount Assets: Securities purchased under agreements to resell $105,393 ($10,245) $95,148 ($95,148) $— Liabilities: Securities sold under agreements to repurchase (10,245) 10,245 — — — (1) For securities purchased under agreements to resell, includes $105.2 billion and $104.2 billion of collateral that we had the right to repledge as of September 30, 2024 and December 31, 2023, respectively. We did not repledge collateral as of September 30, 2024. We repledged $0.4 billion of collateral as of December 31, 2023.
Table - Remaining Contractual Pledged	Table 9.2 - Remaining Contractual Maturity September 30, 2024 (In millions) Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater Than 90 Days Total Securities sold under agreements to repurchase $1,404 $706 $— $— $2,110 December 31, 2023 (In millions) Overnight and Continuous 30 Days or Less After 30 Days Through 90 Days Greater Than 90 Days Total Securities sold under agreements to repurchase $— $10,245 $— $— $10,245
Table - Collateral in the Form of Securities Pledged	Table 9.3 - Collateral in the Form of Securities Pledged September 30, 2024 (In millions) Derivatives Securities Sold Under Agreements to Repurchase Other (1) Total Trading securities $2,419 $2,093 $2,181 $6,693 Other assets — — — — Total securities pledged $2,419 $2,093 $2,181 $6,693 December 31, 2023 (In millions) Derivatives Securities Sold Under Agreements to Repurchase Other (1) Total Trading securities $1,866 $3,666 $2,370 $7,902 Other assets — 4,555 — 4,555 Total securities pledged $1,866 $8,221 $2,370 $12,457 (1) Includes other collateralized borrowings and collateral related to transactions with certain clearinghouses.

Net Interest Income (Tables)

Net Interest Income (Tables)	9 Months Ended
	Sep. 30, 2024
Components of Net Interest Income [Abstract]
Components of Net Interest Income	The table below presents the components of net interest income per our condensed consolidated statements of income Table 10.1 - Components of Net Interest Income (In millions) 3Q 2024 3Q 2023 YTD 2024 YTD 2023 Interest income: Mortgage loans $27,640 $24,525 $80,690 $71,427 Investment securities 510 427 1,464 1,106 Securities purchased under agreements to resell 1,511 1,660 4,636 4,502 Other 148 187 468 506 Total interest income 29,809 26,799 87,258 77,541 Interest expense: Debt of consolidated trusts (22,330) (19,383) (65,086) (56,252) Debt of Freddie Mac: Short-term debt (205) (191) (721) (593) Long-term debt (2,275) (2,476) (6,765) (6,923) Total interest expense (24,810) (22,050) (72,572) (63,768) Net interest income 4,999 4,749 14,686 13,773 (Provision) benefit for credit losses 191 263 (384) 405 Net interest income after (provision) benefit for credit losses $5,190 $5,012 $14,302 $14,178

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Table - Segment Earnings and Reconciliation to GAAP Condensed Consolidated Statements of Comprehensive Income	The table below presents the financial results for our Single-Family and Multifamily segments. Table 11.1 - Segment Financial Results 3Q 2024 3Q 2023 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Net interest income $4,692 $307 $4,999 $4,534 $215 $4,749 Non-interest income Guarantee income 23 464 487 25 276 301 Investment gains, net 282 (39) 243 314 241 555 Other income 59 50 109 54 31 85 Non-interest income 364 475 839 393 548 941 Net revenues 5,056 782 5,838 4,927 763 5,690 (Provision) benefit for credit losses 99 92 191 304 (41) 263 Non-interest expense (1,966) (217) (2,183) (2,310) (266) (2,576) Income before income tax expense 3,189 657 3,846 2,921 456 3,377 Income tax expense (616) (125) (741) (598) (94) (692) Net income 2,573 532 3,105 2,323 362 2,685 Other comprehensive income (loss), net of taxes and reclassification adjustments 10 52 62 (6) 25 19 Comprehensive income $2,583 $584 $3,167 $2,317 $387 $2,704
Reconciliation of Assets from Segment to Consolidated	The table below presents total assets for our Single-Family and Multifamily segments. Table 11.2 - Segment Assets (In millions) September 30, 2024 December 31, 2023 Single-Family $3,082,232 $3,038,910 Multifamily 452,116 440,797 Total segment assets 3,534,348 3,479,707 Reconciling items (1) (191,765) (198,731) Total assets per condensed consolidated balance sheets $3,342,583 $3,280,976 (1)

Concentration of Credit and O_2

Concentration of Credit and Other Risks (Tables)	9 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
Table - Concentration of Credit Risk	The table below summarizes the concentration by geographic area of our Single-Family mortgage portfolio. See Note 2 , Note 3 , Note 4 , and Note 5 for additional information about credit risk associated with single-family loans that we hold or guarantee. Table 12.1 - Concentration of Credit Risk of Our Single-Family Mortgage Portfolio September 30, 2024 (Dollars in millions) Portfolio UPB (1) % of Portfolio SDQ Rate Region: (2) West $915,004 30 % 0.41 % Northeast 711,763 23 0.61 Southeast 543,620 18 0.57 Southwest 462,203 15 0.58 North Central 449,301 14 0.55 Total $3,081,891 100 % 0.54 State: California $514,106 17 % 0.41 Texas 220,446 7 0.66 Florida 205,959 7 0.63 New York 134,200 4 0.87 Illinois 115,277 4 0.69 All other 1,891,903 61 0.51 Total $3,081,891 100 % 0.54 (1) Excludes UPB of loans underlying certain securitization products for which data was not available. (2) Region designation: West (AK, AZ, CA, GU, HI, ID, MT, NV, OR, UT, WA); Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI). The table below summarizes the concentration by geographic area of our Multifamily mortgage portfolio. See Note 2 , Note 3 , Note 4 , and Note 5 for additional information about credit risk associated with multifamily loans that we hold or guarantee. Table 12.2 - Concentration of Credit Risk of Our Multifamily Mortgage Portfolio September 30, 2024 (Dollars in millions) Portfolio UPB % of Portfolio Delinquency Rate (1) Region (2)(3) : Northeast $110,770 25 % 0.84 % West 110,254 24 0.17 Southwest 93,088 21 0.29 Southeast 93,087 21 0.16 North Central 44,917 9 0.45 Total $452,116 100 % 0.39 State (3) : California $58,900 13 % 0.22 Texas 57,770 13 0.30 Florida 39,525 9 0.10 New York 35,378 8 1.91 Georgia 19,212 4 0.21 All other 241,331 53 0.29 Total $452,116 100 % 0.39 (1) Based on loans two monthly payments or more delinquent or in foreclosure. (2) Region designation: Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); West (AK, AZ, CA, GU, HI, ID, MT, NV, OR, UT, WA); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI). (3) The UPB of loans collateralized by properties located in multiple regions or states are reported entirely in the region or state with the largest underlying collateral UPB as of origination.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Table - Assets and Liabilities Measured at Fair Value on a Recurring Basis	The table below presents our assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis subsequent to initial recognition, including instruments where we have elected the fair value option. Table 13.1 - Assets and Liabilities Measured at Fair Value on a Recurring Basis September 30, 2024 (In millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Total Assets: Investment securities: Available-for-sale $— $3,669 $588 $— $4,257 Trading: Mortgage-related securities — 5,597 3,228 — 8,825 Non-mortgage-related securities 30,105 426 — — 30,531 Total trading securities 30,105 6,023 3,228 — 39,356 Total investment securities 30,105 9,692 3,816 — 43,613 Mortgage loans held-for-sale — 7,618 735 — 8,353 Mortgage loans held-for-investment — 1,446 925 — 2,371 Other assets: Guarantee assets — — 5,289 — 5,289 Derivative assets, net — 5,569 38 (5,013) 594 Other assets — 105 178 — 283 Total other assets — 5,674 5,505 (5,013) 6,166 Total assets carried at fair value on a recurring basis $30,105 $24,430 $10,981 ($5,013) $60,503 Liabilities: Debt: Debt of consolidated trusts $— $2,780 $20 $— $2,800 Debt of Freddie Mac — 236 86 — 322 Total debt — 3,016 106 — 3,122 Other liabilities: Derivative liabilities, net 1 6,584 73 (5,722) 936 Other liabilities — — 1 — 1 Total other liabilities 1 6,584 74 (5,722) 937 Total liabilities carried at fair value on a recurring basis $1 $9,600 $180 ($5,722) $4,059 Referenced footnote is included after the prior period table. December 31, 2023 (In millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Total Assets: Investment securities: Available-for-sale $— $4,212 $678 $— $4,890 Trading: Mortgage-related securities — 5,342 2,771 — 8,113 Non-mortgage-related securities 29,854 418 — — 30,272 Total trading securities 29,854 5,760 2,771 — 38,385 Total investment securities 29,854 9,972 3,449 — 43,275 Mortgage loans held-for-sale — 6,460 896 — 7,356 Mortgage loans held-for-investment — 1,333 473 — 1,806 Other assets: Guarantee assets — — 5,351 — 5,351 Derivative assets, net — 6,209 2 (5,725) 486 Other assets — 92 166 — 258 Total other assets — 6,301 5,519 (5,725) 6,095 Total assets carried at fair value on a recurring basis $29,854 $24,066 $10,337 ($5,725) $58,532 Liabilities: Debt: Debt of consolidated trusts $— $1,707 $343 $— $2,050 Debt of Freddie Mac — 336 90 — 426 Total debt — 2,043 433 — 2,476 Other liabilities: Derivative liabilities, net — 8,608 63 (7,798) 873 Other liabilities — — — — — Total other liabilities — 8,608 63 (7,798) 873 Total liabilities carried at fair value on a recurring basis $— $10,651 $496 ($7,798) $3,349 (1) Represents counterparty netting and cash collateral netting, and includes accrued interest receivable and payable.
Table - Fair Value Measurements of Assets and Liabilities Using Significant Unobservable Inputs	The table below presents a reconciliation of all assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis using significant unobservable inputs (Level 3), including transfers into and out of Level 3. The table also presents gains and losses due to changes in fair value, including both realized and unrealized gains and losses, recognized on our condensed consolidated statements of income for Level 3 assets and liabilities. Table 13.2 - Fair Value Measurements of Assets and Liabilities Using Significant Unobservable Inputs 3Q 2024 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2024 (2) Change in Unrealized Gains/Losses(1), Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2024 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $603 $— $11 $— $— $— ($26) $— $— $588 $— $9 Trading 3,009 34 — 219 — — (24) — (10) 3,228 156 — Total investment securities 3,612 34 11 219 — — (50) — (10) 3,816 156 9 Mortgage loans held-for-sale 627 28 — 356 — (276) — — — 735 18 — Mortgage loans held-for-investment 776 10 — — — — (22) 161 — 925 12 — Other assets: Guarantee assets 5,254 110 — — 158 — (233) — — 5,289 110 — Other assets 203 26 — 6 5 (6) (18) — — 216 22 — Total other assets 5,457 136 — 6 163 (6) (251) — — 5,505 132 — Total assets $10,472 $208 $11 $581 $163 ($282) ($323) $161 ($10) $10,981 $318 $9 Liabilities Debt $462 $2 $— $— $— $— ($2) $— ($356) $106 $1 $— Other liabilities 115 (57) — 3 15 — (2) — — 74 (59) — Total liabilities $577 ($55) $— $3 $15 $— ($4) $— ($356) $180 ($58) $— YTD 2024 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2024 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2024 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $678 $— $5 $— $— $— ($95) $— $— $588 $— $4 Trading 2,771 (183) — 714 — — (64) — (10) 3,228 185 — Total investment securities 3,449 (183) 5 714 — — (159) — (10) 3,816 185 4 Mortgage loans held-for-sale 896 22 — 1,038 — (1,048) (1) 35 (207) 735 19 — Mortgage loans held-for-investment 473 (42) — — — — (76) 592 (22) 925 (41) — Other assets: Guarantee assets 5,351 220 — — 405 — (687) — — 5,289 221 — Other assets 168 58 — (6) 9 (13) — — — 216 52 — Total other assets 5,519 278 — (6) 414 (13) (687) — — 5,505 273 — Total assets $10,337 $75 $5 $1,746 $414 ($1,061) ($923) $627 ($239) $10,981 $436 $4 Liabilities Debt $433 $3 $— $— $— $— ($5) $— ($325) $106 $3 $— Other liabilities 63 (44) — 9 54 — (8) — — 74 (52) — Total liabilities $496 ($41) $— $9 $54 $— ($13) $— ($325) $180 ($49) $— 3Q 2023 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $790 $— ($15) $— $— $— ($43) $— ($41) $691 $— ($12) Trading 2,561 (141) — 348 — — (16) — — 2,752 20 — Total investment securities 3,351 (141) (15) 348 — — (59) — (41) 3,443 20 (12) Mortgage loans held-for-sale 881 (1) — 814 — (723) (13) — — 958 (4) — Mortgage loans held-for-investment 170 (2) — — — — (5) — (6) 157 (12) — Other assets: Guarantee assets 5,323 (89) — — 179 — (218) — — 5,195 (89) — Other assets 159 — — (5) 4 (4) (4) — — 150 — — Total other assets 5,482 (89) — (5) 183 (4) (222) — — 5,345 (89) — Total assets $9,884 ($233) ($15) $1,157 $183 ($727) ($299) $— ($47) $9,903 ($85) ($12) Liabilities Debt $374 $1 $— $— $55 $— $— $— $— $430 $8 $— Other liabilities 99 47 — — — — (31) — — 115 24 — Total liabilities $473 $48 $— $— $55 $— ($31) $— $— $545 $32 $— YTD 2023 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $894 $1 ($23) $— $— $— ($139) $— ($42) $691 $— ($18) Trading 2,731 (470) — 531 — — (40) — — 2,752 30 — Total investment securities 3,625 (469) (23) 531 — — (179) — (42) 3,443 30 (18) Mortgage loans held-for-sale 310 (30) — 1,567 — (723) (24) 12 (154) 958 (4) — Mortgage loans held-for-investment 110 (13) — — — — (11) 142 (71) 157 (12) — Other assets: — Guarantee assets 5,442 (82) — — 498 — (663) — — 5,195 (82) — Other assets 131 55 — (23) 7 (4) (16) — — 150 54 — Total other assets 5,573 (27) — (23) 505 (4) (679) — — 5,345 (28) — Total assets $9,618 ($539) ($23) $2,075 $505 ($727) ($893) $154 ($267) $9,903 ($14) ($18) Liabilities Debt $388 ($18) $— $66 $— $— ($6) $— $— $430 ($1) $— Other liabilities 97 51 — — — — (33) — — 115 18 — Total liabilities $485 $33 $— $66 $— $— ($39) $— $— $545 $17 $— (1) For assets, increase and decrease in earnings and other comprehensive income is shown as gains and (losses), respectively. For liabilities, increase and decrease in earnings and comprehensive income is shown as (gains) and losses, respectively. (2)
Table - Fair Value Measurements of Assets and Liabilities Using Significant Unobservable Inputs	The table below presents a reconciliation of all assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis using significant unobservable inputs (Level 3), including transfers into and out of Level 3. The table also presents gains and losses due to changes in fair value, including both realized and unrealized gains and losses, recognized on our condensed consolidated statements of income for Level 3 assets and liabilities. Table 13.2 - Fair Value Measurements of Assets and Liabilities Using Significant Unobservable Inputs 3Q 2024 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2024 (2) Change in Unrealized Gains/Losses(1), Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2024 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $603 $— $11 $— $— $— ($26) $— $— $588 $— $9 Trading 3,009 34 — 219 — — (24) — (10) 3,228 156 — Total investment securities 3,612 34 11 219 — — (50) — (10) 3,816 156 9 Mortgage loans held-for-sale 627 28 — 356 — (276) — — — 735 18 — Mortgage loans held-for-investment 776 10 — — — — (22) 161 — 925 12 — Other assets: Guarantee assets 5,254 110 — — 158 — (233) — — 5,289 110 — Other assets 203 26 — 6 5 (6) (18) — — 216 22 — Total other assets 5,457 136 — 6 163 (6) (251) — — 5,505 132 — Total assets $10,472 $208 $11 $581 $163 ($282) ($323) $161 ($10) $10,981 $318 $9 Liabilities Debt $462 $2 $— $— $— $— ($2) $— ($356) $106 $1 $— Other liabilities 115 (57) — 3 15 — (2) — — 74 (59) — Total liabilities $577 ($55) $— $3 $15 $— ($4) $— ($356) $180 ($58) $— YTD 2024 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2024 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2024 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $678 $— $5 $— $— $— ($95) $— $— $588 $— $4 Trading 2,771 (183) — 714 — — (64) — (10) 3,228 185 — Total investment securities 3,449 (183) 5 714 — — (159) — (10) 3,816 185 4 Mortgage loans held-for-sale 896 22 — 1,038 — (1,048) (1) 35 (207) 735 19 — Mortgage loans held-for-investment 473 (42) — — — — (76) 592 (22) 925 (41) — Other assets: Guarantee assets 5,351 220 — — 405 — (687) — — 5,289 221 — Other assets 168 58 — (6) 9 (13) — — — 216 52 — Total other assets 5,519 278 — (6) 414 (13) (687) — — 5,505 273 — Total assets $10,337 $75 $5 $1,746 $414 ($1,061) ($923) $627 ($239) $10,981 $436 $4 Liabilities Debt $433 $3 $— $— $— $— ($5) $— ($325) $106 $3 $— Other liabilities 63 (44) — 9 54 — (8) — — 74 (52) — Total liabilities $496 ($41) $— $9 $54 $— ($13) $— ($325) $180 ($49) $— 3Q 2023 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $790 $— ($15) $— $— $— ($43) $— ($41) $691 $— ($12) Trading 2,561 (141) — 348 — — (16) — — 2,752 20 — Total investment securities 3,351 (141) (15) 348 — — (59) — (41) 3,443 20 (12) Mortgage loans held-for-sale 881 (1) — 814 — (723) (13) — — 958 (4) — Mortgage loans held-for-investment 170 (2) — — — — (5) — (6) 157 (12) — Other assets: Guarantee assets 5,323 (89) — — 179 — (218) — — 5,195 (89) — Other assets 159 — — (5) 4 (4) (4) — — 150 — — Total other assets 5,482 (89) — (5) 183 (4) (222) — — 5,345 (89) — Total assets $9,884 ($233) ($15) $1,157 $183 ($727) ($299) $— ($47) $9,903 ($85) ($12) Liabilities Debt $374 $1 $— $— $55 $— $— $— $— $430 $8 $— Other liabilities 99 47 — — — — (31) — — 115 24 — Total liabilities $473 $48 $— $— $55 $— ($31) $— $— $545 $32 $— YTD 2023 Balance, Total Realized/Unrealized Gains/Losses (1) Purchases Issues Sales Settlements, Transfers Transfers Balance, Change in Unrealized Gains/Losses (1) Included in Net Income Related to Assets and Liabilities Still Held as of September 30, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of September 30, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $894 $1 ($23) $— $— $— ($139) $— ($42) $691 $— ($18) Trading 2,731 (470) — 531 — — (40) — — 2,752 30 — Total investment securities 3,625 (469) (23) 531 — — (179) — (42) 3,443 30 (18) Mortgage loans held-for-sale 310 (30) — 1,567 — (723) (24) 12 (154) 958 (4) — Mortgage loans held-for-investment 110 (13) — — — — (11) 142 (71) 157 (12) — Other assets: — Guarantee assets 5,442 (82) — — 498 — (663) — — 5,195 (82) — Other assets 131 55 — (23) 7 (4) (16) — — 150 54 — Total other assets 5,573 (27) — (23) 505 (4) (679) — — 5,345 (28) — Total assets $9,618 ($539) ($23) $2,075 $505 ($727) ($893) $154 ($267) $9,903 ($14) ($18) Liabilities Debt $388 ($18) $— $66 $— $— ($6) $— $— $430 ($1) $— Other liabilities 97 51 — — — — (33) — — 115 18 — Total liabilities $485 $33 $— $66 $— $— ($39) $— $— $545 $17 $— (1) For assets, increase and decrease in earnings and other comprehensive income is shown as gains and (losses), respectively. For liabilities, increase and decrease in earnings and comprehensive income is shown as (gains) and losses, respectively. (2)
Table - Quantitative Information about Recurring Level 3 Fair Value Measurements	The table below provides valuation techniques, the range, and the weighted average of significant unobservable inputs for Level 3 assets and liabilities measured on our condensed consolidated balance sheets at fair value on a recurring basis. Table 13.3 - Quantitative Information about Recurring Level 3 Fair Value Measurements September 30, 2024 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions , except for certain unobservable inputs as shown) Type Range Weighted Average (1) Assets Investment securities: Available-for-sale $444 Median of external sources External pricing sources $63.9 - $70.5 $65.2 144 Other Trading 2,020 Single external source External pricing source $0.0 - $3,894.4 $116.1 834 Median of external sources External pricing sources $14.1 - $15.2 $14.7 374 Other Mortgage loans held-for-sale 735 Single external source External pricing source $59.1 - $110.1 $103.4 Mortgage loans held-for-investment 925 Single external source External pricing source $29.1 - $102.7 $84.4 Guarantee assets 4,967 Discounted cash flows OAS 17 - 233 bps 47 bps 322 Other Insignificant Level 3 assets (2) 216 Total Level 3 assets $10,981 Liabilities Insignificant Level 3 liabilities (2) 180 Total Level 3 liabilities $180 December 31, 2023 Level 3 Predominant Unobservable Inputs ( Dollars in millions , except for certain unobservable inputs as shown) Type Range Weighted Average (1) Assets Investment securities: Available-for-sale $489 Median of external sources External pricing sources $61.2 - $71.6 $66.7 189 Other Trading 2,085 Single external source External pricing source $0.0 - $4,471.7 $147.3 686 Other Mortgage loans held-for-sale 896 Single external source External pricing source $59.3 - $110.4 $100.3 Mortgage loans held-for-investment 473 Single external source External pricing source $24.7 - $99.2 $74.7 Guarantee assets 5,014 Discounted cash flows OAS 17 - 233 bps 47 bps 337 Other Insignificant Level 3 assets (2) 168 Total Level 3 assets $10,337 Liabilities Insignificant Level 3 liabilities (2) 496 Total Level 3 liabilities $496 (1) Unobservable inputs were weighted primarily by the relative fair value of the financial instruments. (2) Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant.
Table - Assets Measured at Fair Value on a Nonrecurring Basis	The table below presents assets measured on our condensed consolidated balance sheets at fair value on a non-recurring basis. Table 13.4 - Assets Measured at Fair Value on a Non-Recurring Basis September 30, 2024 December 31, 2023 (In millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Mortgage loans (1) $— $246 $950 $1,196 $— $640 $1,578 $2,218 (1) Includes loans that are classified as held-for-investment and have an allowance for credit losses based on the fair value of the underlying collateral and held-for-sale loans where the fair value is below cost.
Table - Fair Value Assets Measured on Nonrecurring Basis Valuation Techniques	The table below provides valuation techniques, the range, and the weighted average of significant unobservable inputs for Level 3 assets measured on our condensed consolidated balance sheets at fair value on a non-recurring basis. Table 13.5 - Quantitative Information About Non-Recurring Level 3 Fair Value Measurements September 30, 2024 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions, except for certain unobservable inputs as shown) Type Range Weighted Average (1) Mortgage loans $757 Median of external sources External pricing sources $78.0 - $102.7 $86.4 193 Other Total $950 December 31, 2023 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions, except for certain unobservable inputs as shown) Type Range Weighted Average (1) Mortgage loans $1,394 Median of external sources External pricing sources $72.9 - $98.8 $82.4 184 Other Total $1,578 (1) Unobservable inputs were weighted primarily by the relative fair value of the financial instruments.
Table - Fair Value of Financial Instruments	The table below presents the carrying value and estimated fair value of our financial instruments. For certain types of financial instruments, such as cash and cash equivalents, securities purchased under agreements to resell, and certain debt, the carrying value on our condensed consolidated balance sheets approximates fair value, as these assets and liabilities are short-term in nature and have limited fair value volatility. Table 13.6 - Fair Value of Financial Instruments September 30, 2024 GAAP Measurement Category (1) Carrying Amount (2) Fair Value (In millions) Level 1 Level 2 Level 3 Netting Adjustments (3) Total Financial assets Cash and cash equivalents Amortized cost $4,857 $4,857 $— $— $— $4,857 Securities purchased under agreements to resell Amortized cost 103,110 — 105,220 — (2,110) 103,110 Investment securities: Available-for-sale FV - OCI 4,257 — 3,669 588 — 4,257 Trading FV - NI 39,356 30,105 6,023 3,228 — 39,356 Total investment securities 43,613 30,105 9,692 3,816 — 43,613 Mortgage loans: Mortgage loans held-for-sale 11,678 — 8,719 3,186 — 11,905 Mortgage loans held-for-investment, net of allowance for credit losses 3,140,319 — 2,526,697 307,773 — 2,834,470 Total mortgage loans Various (4) 3,151,997 — 2,535,416 310,959 — 2,846,375 Other assets: Guarantee assets FV - NI 5,289 — — 5,291 — 5,291 Derivative assets, net FV - NI 594 — 5,569 38 (5,013) 594 Other assets (5) Various 2,804 — 895 2,334 — 3,229 Total other assets 8,687 — 6,464 7,663 (5,013) 9,114 Total financial assets $3,312,264 $34,962 $2,656,792 $322,438 ($7,123) $3,007,069 Financial liabilities Debt: Debt of consolidated trusts $3,092,140 $— $2,783,068 $390 $— $2,783,458 Debt of Freddie Mac 173,127 — 172,794 3,417 (2,110) 174,101 Total debt Various (6) 3,265,267 — 2,955,862 3,807 (2,110) 2,957,559 Other liabilities: Guarantee obligations Amortized cost 5,116 — 99 6,492 — 6,591 Derivative liabilities, net FV - NI 936 1 6,584 73 (5,722) 936 Other liabilities (5) FV - NI 1 — 339 106 — 445 Total other liabilities 6,053 1 7,022 6,671 (5,722) 7,972 Total financial liabilities $3,271,320 $1 $2,962,884 $10,478 ($7,832) $2,965,531 Referenced footnotes are included after the prior period table. December 31, 2023 GAAP Measurement Category (1) Carrying Amount (2) Fair Value (In millions) Level 1 Level 2 Level 3 Netting Adjustments (3) Total Financial assets Cash and cash equivalents Amortized cost $6,019 $6,019 $— $— $— $6,019 Securities purchased under agreements to resell Amortized cost 95,148 — 105,393 — (10,245) 95,148 Investment securities: Available-for-sale FV - OCI 4,890 — 4,212 678 — 4,890 Trading FV - NI 38,385 29,854 5,760 2,771 — 38,385 Total investment securities 43,275 29,854 9,972 3,449 — 43,275 Mortgage loans: Mortgage loans held-for-sale 12,941 — 9,276 3,868 — 13,144 Mortgage loans held-for-investment, net of allowance for credit losses 3,083,665 — 2,466,127 254,877 — 2,721,004 Total mortgage loans Various (4) 3,096,606 — 2,475,403 258,745 — 2,734,148 Other assets: Guarantee assets FV - NI 5,351 — — 5,353 — 5,353 Derivative assets, net FV - NI 486 — 6,209 2 (5,725) 486 Other assets (5) Various 2,107 — 946 1,165 — 2,111 Total other assets 7,944 — 7,155 6,520 (5,725) 7,950 Total financial assets $3,248,992 $35,873 $2,597,923 $268,714 ($15,970) $2,886,540 Financial liabilities Debt: Debt of consolidated trusts $3,041,927 $— $2,673,019 $727 $— $2,673,746 Debt of Freddie Mac 166,419 — 173,877 3,391 (10,245) 167,023 Total debt Various (6) 3,208,346 — 2,846,896 4,118 (10,245) 2,840,769 Other liabilities: Guarantee obligations Amortized cost 5,451 — 103 6,023 — 6,126 Derivative liabilities, net FV - NI 873 — 8,608 63 (7,798) 873 Other liabilities (5) FV - NI 14 — 465 194 — 659 Total other liabilities 6,338 — 9,176 6,280 (7,798) 7,658 Total financial liabilities $3,214,684 $— $2,856,072 $10,398 ($18,043) $2,848,427 (1) FV - NI denotes fair value through net income. FV - OCI denotes fair value through other comprehensive income. (2) Excludes allowance for credit losses on off-balance sheet credit exposure. (3) Represents counterparty netting and cash collateral netting, and includes accrued interest receivable and payable. (4) The GAAP carrying amounts measured at amortized cost, lower-of-cost-or-fair-value, and FV - NI were $3.1 trillion, $3.3 billion, and $10.7 billion as of September 30, 2024, respectively, and $3.1 trillion, $5.6 billion and $9.2 billion as of December 31, 2023, respectively. (5) For other assets, includes advances to lenders, secured lending, and loan commitments. For other liabilities, includes loan commitments. (6)
Table - Difference between Fair Value and UPB for Certain Financial Instruments with Fair Value Option Elected	The table below presents the fair value and UPB related to items for which we have elected the fair value option. Table 13.7 - Difference Between Fair Value and UPB for Certain Financial Instruments with Fair Value Option Elected (1) September 30, 2024 December 31, 2023 (In millions) Fair value UPB Difference Fair value UPB Difference Mortgage loans held-for-sale $8,353 $8,003 $350 $7,356 $7,080 $276 Mortgage loans held-for-investment 2,371 2,643 (272) 1,806 2,095 (289) Debt of Freddie Mac 155 150 5 240 234 6 Debt of consolidated trusts 2,447 2,526 (79) 1,705 1,799 (94) Other assets (other liabilities) 106 N/A N/A 95 N/A N/A (1) Excludes interest-only securities related to debt of consolidated trusts and debt of Freddie Mac with a fair value of $0.5 billion as of both September 30, 2024 and December 31, 2023. The table below presents the changes in fair value related to items for which we have elected the fair value option. These amounts are included in investment gains, net, on our condensed consolidated statements of income. Table 13.8 - Changes in Fair Value Under the Fair Value Option Election 3Q 2024 3Q 2023 YTD 2024 YTD 2023 (In millions) Gains (Losses) Gains (Losses) Mortgage loans held-for-sale $267 ($256) $87 ($379) Mortgage loans held-for-investment 53 (20) (4) (24) Debt of Freddie Mac 13 (6) 18 13 Debt of consolidated trusts (6) 35 — 35 Other assets/other liabilities 230 (7) 472 47

Regulatory Capital (Tables)

Regulatory Capital (Tables)	3 Months Ended
	Sep. 30, 2024
Compliance with Regulatory Capital Requirements - ERCF [Abstract]
Table - ERCF Capital Requirements	The table below presents our capital metrics under the ERCF. Table 15.1 - ERCF Available Capital and Capital Requirements (In billions) September 30, 2024 December 31, 2023 Adjusted total assets $3,772 $3,775 Risk-weighted assets (standardized approach) 1,046 1,009 September 30, 2024 Amounts Ratios (Dollars in billions) Available Capital (Deficit) Minimum Capital Requirement (Including Buffer (1) ) Available Capital (Deficit) Ratio (2) Minimum Capital Requirement Ratio (2) Capital Requirement Ratio (2) (Including Buffer (1) ) Risk-based capital: Total capital ($9) $84 $84 (0.9) % 8.0 % 8.0 % CET1 capital (35) 47 104 (3.4) 4.5 9.9 Tier 1 capital (21) 63 120 (2.0) 6.0 11.4 Adjusted total capital (21) 84 141 (2.0) 8.0 13.4 Leverage capital: Core capital (16) 94 94 (0.4) 2.5 2.5 Tier 1 capital (21) 94 108 (0.6) 2.5 2.9 December 31, 2023 Amounts Ratios (Dollars in billions) Available Capital (Deficit) Minimum Capital Requirement (Including Buffer (1) ) Available Capital (Deficit) Ratio (2) Minimum Capital Requirement Ratio (2) Capital Requirement Ratio (2) (Including Buffer (1) ) Risk-based capital: Total capital ($18) $81 $81 (1.8) % 8.0 % 8.0 % CET1 capital (43) 45 96 (4.3) 4.5 9.5 Tier 1 capital (29) 60 111 (2.9) 6.0 11.0 Adjusted total capital (29) 81 132 (2.9) 8.0 13.0 Leverage capital: Core capital (25) 95 95 (0.7) 2.5 2.5 Tier 1 capital (29) 95 106 (0.8) 2.5 2.8 (1) PCCBA for risk-based capital and PLBA for leverage capital. (2) As a percentage of RWA for risk-based capital and ATA for leverage capital.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Billions	Sep. 30, 2024 USD ($)
Accounting Policies [Abstract]
Amortization Method Qualified Affordable Housing Project Investments	$ 3.8

Securitization Activities and_3

Securitization Activities and Consolidation - Non-Consolidated VIEs (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets [Abstract]
Investment securities, at fair value	$ 43,613	$ 43,275
Other Assets	23,715	25,927
Assets	3,342,583	3,280,976
Fannie Mae Collateral Included In Freddie Mac Commingled Security	100	100
Assets in VIE in which we do not have a variable interest in	500	300
Liabilities [Abstract]
Other Liabilities	11,704	16,096
Variable Interest Entity, Not Primary Beneficiary
Assets [Abstract]
Investment securities, at fair value	12,286	12,209
Other Assets	5,718	5,431
Assets	524,490	532,148
Maximum Exposure to Loss	451,648	456,672
Liabilities [Abstract]
Other Liabilities	5,600	5,937
Variable Interest Entity, Not Primary Beneficiary | Other
Assets [Abstract]
Investment securities, at fair value	0	0
Other Assets	7	7
Assets	83	117
Maximum Exposure to Loss	454	468
Liabilities [Abstract]
Other Liabilities	5	5
Variable Interest Entity, Not Primary Beneficiary | Single Family Guarantee Segment
Assets [Abstract]
Investment securities, at fair value	6,628	6,224
Other Assets	322	331
Assets	163,704	169,744
Maximum Exposure to Loss	130,461	134,934
Liabilities [Abstract]
Other Liabilities	1,230	1,273
Variable Interest Entity, Not Primary Beneficiary | Single Family Guarantee Segment | Securitization products
Assets [Abstract]
Investment securities, at fair value	1,703	1,272
Other Assets	169	172
Assets	30,287	30,298
Maximum Exposure to Loss	24,684	24,600
Liabilities [Abstract]
Other Liabilities	456	427
Variable Interest Entity, Not Primary Beneficiary | Single Family Guarantee Segment | Guarantees of Fannie Mae securities
Assets [Abstract]
Investment securities, at fair value	4,925	4,952
Other Assets	63	67
Assets	105,769	110,320
Maximum Exposure to Loss	105,769	110,320
Liabilities [Abstract]
Other Liabilities	578	626
Variable Interest Entity, Not Primary Beneficiary | Single Family Guarantee Segment | CRT products
Assets [Abstract]
Investment securities, at fair value	0	0
Other Assets	90	92
Assets	27,648	29,126
Maximum Exposure to Loss	8	14
Liabilities [Abstract]
Other Liabilities	196	220
Variable Interest Entity, Not Primary Beneficiary | Multifamily
Assets [Abstract]
Investment securities, at fair value	5,658	5,985
Other Assets	5,389	5,093
Assets	360,703	362,287
Maximum Exposure to Loss	320,733	321,270
Liabilities [Abstract]
Other Liabilities	4,365	4,659
Variable Interest Entity, Not Primary Beneficiary | Multifamily | Securitization products
Assets [Abstract]
Investment securities, at fair value	5,658	5,985
Other Assets	5,361	5,082
Assets	359,166	360,928
Maximum Exposure to Loss	320,710	321,262
Liabilities [Abstract]
Other Liabilities	4,351	4,652
Variable Interest Entity, Not Primary Beneficiary | Multifamily | CRT products
Assets [Abstract]
Investment securities, at fair value	0	0
Other Assets	28	11
Assets	1,537	1,359
Maximum Exposure to Loss	23	8
Liabilities [Abstract]
Other Liabilities	$ 14	$ 7

Mortgage Loans (Details)

Mortgage Loans (Details) - USD ($) $ in Billions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Noncash acquisition, mortgage loans held-for-investment acquired in exchange for issuance of debt securities of consolidated trusts	$ 160.6	$ 160.8
Transfers from advances to lenders to loans HFI	$ 76	$ 72.9

Mortgage Loans - Mortgage Loans

Mortgage Loans - Mortgage Loans (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivables [Line Items]
UPB of mortgage loans - HFS	$ 11,854	$ 13,432
Cost basis and fair value adjustments, net HFS	(176)	(491)
Total held-for-sale loans, net	11,678	12,941
UPB of mortgage loans - HFI	3,113,725	3,055,712
Cost basis adjustment HFI	33,331	34,336
Allowance for credit losses	(6,737)	(6,383)
Total held-for-investment mortgage loans, net	3,140,319	3,083,665
Mortgage Loans Net	3,151,997	3,096,606
Hedged Asset, Fair Value Hedge, Portfolio Layer, Cumulative Increase (Decrease)	(100)	(200)
Mortgage loans FVO held-for-investment	2,371	1,806
Single-family
Accounts, Notes, Loans and Financing Receivables [Line Items]
UPB of mortgage loans - HFS	2,803	3,527
Cost basis and fair value adjustments, net HFS	(510)	(712)
Total held-for-sale loans, net	2,293	2,815
UPB of mortgage loans - HFI	3,041,016	2,996,509
Cost basis adjustment HFI	33,665	34,627
Allowance for credit losses	(6,392)	(6,057)
Total held-for-investment mortgage loans, net	3,068,289	3,025,079
Mortgage Loans Net	3,070,582	3,027,894
Multifamily
Accounts, Notes, Loans and Financing Receivables [Line Items]
UPB of mortgage loans - HFS	9,051	9,905
Cost basis and fair value adjustments, net HFS	334	221
Total held-for-sale loans, net	9,385	10,126
UPB of mortgage loans - HFI	72,709	59,203
Cost basis adjustment HFI	(334)	(291)
Allowance for credit losses	(345)	(326)
Total held-for-investment mortgage loans, net	72,030	58,586
Mortgage Loans Net	$ 81,415	$ 68,712

Mortgage Loans - Loans Purchase

Mortgage Loans - Loans Purchased and Sold (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Single-family | Held for Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchases	$ 98,243	$ 85,431	$ 245,751	$ 227,246
Single-family | Held-for-Sale
Financing Receivable, Allowance for Credit Loss [Line Items]
Sales	658	471	1,657	471
Multifamily | Held for Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchases	7,867	3,076	14,283	11,086
Multifamily | Held-for-Sale
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchases	6,028	9,984	19,068	20,077
Sales	$ 6,606	$ 8,722	$ 19,671	$ 23,498

Mortgage Loans - Loan Reclassif

Mortgage Loans - Loan Reclassifications (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Held for Investment | Single-family
Financing Receivable, Allowance for Credit Loss [Line Items]
Reclassifications from held-for-investment to held-for sale, UPB	$ 428	$ 1,199	$ 1,495	$ 1,199
Reclassifications from held-for-investment to held-for sale, allowance for credit losses reverse or (established)	14	23	29	23
Reclassifications from held-for-sale to held-for-investment, valuation allowance (established) or reversed	0	0	0	0
Held for Investment | Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Reclassifications from held-for-investment to held-for sale, UPB	404	785	1,245	6,251
Reclassifications from held-for-investment to held-for sale, allowance for credit losses reverse or (established)	1	2	12	4
Reclassifications from held-for-sale to held-for-investment, valuation allowance (established) or reversed	(14)	(8)	(58)	(41)
Held-for-Sale | Single-family
Financing Receivable, Allowance for Credit Loss [Line Items]
Reclassifications from held-for-sale to held-for-investment, UPB	78	75	171	123
Reclassifications from held-for-investment to held-for sale, allowance for credit losses reverse or (established)	6	4	14	8
Reclassifications from held-for-sale to held-for-investment, valuation allowance (established) or reversed	5	10	14	14
Held-for-Sale | Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Reclassifications from held-for-sale to held-for-investment, UPB	38	40	785	762
Reclassifications from held-for-investment to held-for sale, allowance for credit losses reverse or (established)	0	(1)	0	(1)
Reclassifications from held-for-sale to held-for-investment, valuation allowance (established) or reversed	$ 1	$ 2	$ 10	$ 18

Mortgage Loans - Amortized Cost

Mortgage Loans - Amortized Cost Basis of Held-for-Investment Loans on Nonaccrual (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual	$ 13,806	$ 12,689	$ 13,806	$ 12,689	$ 12,552	$ 12,908
Interest Income Recognized	38	30	178	161
Single family
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual	13,692	12,625	13,692	12,625	12,442	12,852
Interest Income Recognized	37	29	176	159
20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual	12,985	11,825	12,985	11,825	11,773	11,989
Interest Income Recognized	35	27	167	151
15-year or less, amortizing fixed-rate
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual	477	526	477	526	439	540
Interest Income Recognized	1	1	5	4
Adjustable-rate and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual	230	274	230	274	230	323
Interest Income Recognized	1	1	4	4
Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Excluding Accrued Interest, Nonaccrual	114	64	114	64	$ 110	$ 56
Interest Income Recognized	$ 1	$ 1	$ 2	$ 2

Mortgage Loans - Accrued Intere

Mortgage Loans - Accrued Interest Receivable and Related Charge-Offs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Single family
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued Interest Receivable	$ 9,543		$ 9,543		$ 8,833
Financing Receivable, Accrued Interest, Writeoff	(59)	$ (44)	(151)	$ (180)
Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued Interest Receivable	342		342		$ 287
Financing Receivable, Accrued Interest, Writeoff	$ 0	$ (1)	$ (1)	$ (1)

Mortgage Loans - Amortized Co_2

Mortgage Loans - Amortized Cost Basis of Single-Family Held-for-Investment Loans by Current LTV Ratios and Vintage (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year, year-to-date write-offs	$ 0	$ 0
Fiscal year before current fiscal year, year-to-date write-offs	6	13
Two years before current fiscal Year, year-to-date write-offs	30	39
Three years before current fiscal year, year-to-date write-offs	38	44
Four years before current fiscal year, year-to-date write-offs	29	45
More than five years before current fiscal Year, year-to-date write-offs	124	246
Financing Receivable, before Allowance for Credit Loss	3,144,760	3,088,464
Total current-period year-to-date gross write-offs	227	387
20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	210,597	252,879
Current fiscal year, year-to-date write-offs	0	0
One year before current fiscal year	251,744	391,687
Fiscal year before current fiscal year, year-to-date write-offs	6	12
Two years before current fiscal year	370,628	861,548
Two years before current fiscal Year, year-to-date write-offs	29	37
Three years before current fiscal year	818,544	638,903
Three years before current fiscal year, year-to-date write-offs	36	43
Four years before current fiscal year	605,724	106,984
Four years before current fiscal year, year-to-date write-offs	29	45
Five years before current fiscal year	488,060	419,386
More than five years before current fiscal Year, year-to-date write-offs	122	243
Financing Receivable, before Allowance for Credit Loss	2,745,297	2,671,387
Total current-period year-to-date gross write-offs	222	380
15-year or less, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	7,549	9,016
Current fiscal year, year-to-date write-offs	0	0
One year before current fiscal year	8,276	29,103
Fiscal year before current fiscal year, year-to-date write-offs	0	1
Two years before current fiscal year	26,330	126,226
Two years before current fiscal Year, year-to-date write-offs	1	2
Three years before current fiscal year	114,794	98,616
Three years before current fiscal year, year-to-date write-offs	2	1
Four years before current fiscal year	88,892	12,507
Four years before current fiscal year, year-to-date write-offs	0	0
Five years before current fiscal year	56,274	56,499
More than five years before current fiscal Year, year-to-date write-offs	1	2
Financing Receivable, before Allowance for Credit Loss	302,115	331,967
Total current-period year-to-date gross write-offs	4	6
Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,844	2,515
Current fiscal year, year-to-date write-offs	0	0
One year before current fiscal year	2,750	5,633
Fiscal year before current fiscal year, year-to-date write-offs	0	0
Two years before current fiscal year	5,266	4,480
Two years before current fiscal Year, year-to-date write-offs	0	0
Three years before current fiscal year	4,137	1,557
Three years before current fiscal year, year-to-date write-offs	0	0
Four years before current fiscal year	1,426	611
Four years before current fiscal year, year-to-date write-offs	0	0
Five years before current fiscal year	11,921	13,207
More than five years before current fiscal Year, year-to-date write-offs	1	1
Financing Receivable, before Allowance for Credit Loss	27,344	28,003
Total current-period year-to-date gross write-offs	1	1
Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	219,990	264,410
One year before current fiscal year	262,770	426,423
Two years before current fiscal year	402,224	992,254
Three years before current fiscal year	937,475	739,076
Four years before current fiscal year	696,042	120,102
Five years before current fiscal year	556,255	489,092
Financing Receivable, before Allowance for Credit Loss	3,074,756	3,031,357
CLTV ratio less than or equal to 60 percent | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	31,537	39,500
One year before current fiscal year	42,162	93,279
Two years before current fiscal year	101,020	513,267
Three years before current fiscal year	541,934	542,449
Four years before current fiscal year	540,048	94,348
Five years before current fiscal year	474,309	411,663
Financing Receivable, before Allowance for Credit Loss	1,731,010	1,694,506
CLTV ratio less than or equal to 60 percent | 15-year or less, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	3,419	4,221
One year before current fiscal year	4,360	20,246
Two years before current fiscal year	20,901	121,709
Three years before current fiscal year	113,165	98,338
Four years before current fiscal year	88,798	12,488
Five years before current fiscal year	56,263	56,493
Financing Receivable, before Allowance for Credit Loss	286,906	313,495
CLTV ratio less than or equal to 60 percent | Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	319	356
One year before current fiscal year	424	1,650
Two years before current fiscal year	1,716	3,325
Three years before current fiscal year	3,316	1,465
Four years before current fiscal year	1,363	586
Five years before current fiscal year	11,710	12,950
Financing Receivable, before Allowance for Credit Loss	18,848	20,332
CLTV ratio less than or equal to 60 percent | Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	35,275	44,077
One year before current fiscal year	46,946	115,175
Two years before current fiscal year	123,637	638,301
Three years before current fiscal year	658,415	642,252
Four years before current fiscal year	630,209	107,422
Five years before current fiscal year	542,282	481,106
Financing Receivable, before Allowance for Credit Loss	2,036,764	2,028,333
CLTV ratio greater than 60 to 80 percent | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	81,292	105,384
One year before current fiscal year	105,479	183,251
Two years before current fiscal year	181,130	318,965
Three years before current fiscal year	258,280	95,102
Four years before current fiscal year	64,407	12,402
Five years before current fiscal year	13,122	7,296
Financing Receivable, before Allowance for Credit Loss	703,710	722,400
CLTV ratio greater than 60 to 80 percent | 15-year or less, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	3,225	3,973
One year before current fiscal year	3,377	8,314
Two years before current fiscal year	5,211	4,491
Three years before current fiscal year	1,619	278
Four years before current fiscal year	94	19
Five years before current fiscal year	11	5
Financing Receivable, before Allowance for Credit Loss	13,537	17,080
CLTV ratio greater than 60 to 80 percent | Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	843	1,153
One year before current fiscal year	1,277	2,651
Two years before current fiscal year	2,482	1,105
Three years before current fiscal year	786	89
Four years before current fiscal year	61	25
Five years before current fiscal year	191	227
Financing Receivable, before Allowance for Credit Loss	5,640	5,250
CLTV ratio greater than 60 to 80 percent | Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	85,360	110,510
One year before current fiscal year	110,133	194,216
Two years before current fiscal year	188,823	324,561
Three years before current fiscal year	260,685	95,469
Four years before current fiscal year	64,562	12,446
Five years before current fiscal year	13,324	7,528
Financing Receivable, before Allowance for Credit Loss	722,887	744,730
CLTV ratio greater than 80 to 90 Percent | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	39,911	55,973
One year before current fiscal year	68,174	90,785
Two years before current fiscal year	71,280	27,750
Three years before current fiscal year	16,704	1,272
Four years before current fiscal year	1,092	213
Five years before current fiscal year	443	262
Financing Receivable, before Allowance for Credit Loss	197,604	176,255
CLTV ratio greater than 80 to 90 Percent | 15-year or less, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	590	623
One year before current fiscal year	479	509
Two years before current fiscal year	198	25
Three years before current fiscal year	10	0
Four years before current fiscal year	0	0
Five years before current fiscal year	0	0
Financing Receivable, before Allowance for Credit Loss	1,277	1,157
CLTV ratio greater than 80 to 90 Percent | Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	400	689
One year before current fiscal year	800	1,040
Two years before current fiscal year	866	48
Three years before current fiscal year	32	3
Four years before current fiscal year	2	0
Five years before current fiscal year	14	18
Financing Receivable, before Allowance for Credit Loss	2,114	1,798
CLTV ratio greater than 80 to 90 Percent | Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	40,901	57,285
One year before current fiscal year	69,453	92,334
Two years before current fiscal year	72,344	27,823
Three years before current fiscal year	16,746	1,275
Four years before current fiscal year	1,094	213
Five years before current fiscal year	457	280
Financing Receivable, before Allowance for Credit Loss	200,995	179,210
CLTV ratio greater than 90 to 100 percent | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	57,606	51,994
One year before current fiscal year	35,244	23,460
Two years before current fiscal year	15,963	1,542
Three years before current fiscal year	1,535	71
Four years before current fiscal year	156	16
Five years before current fiscal year	104	77
Financing Receivable, before Allowance for Credit Loss	110,608	77,160
CLTV ratio greater than 90 to 100 percent | 15-year or less, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	314	198
One year before current fiscal year	59	33
Two years before current fiscal year	20	1
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Five years before current fiscal year	0	0
Financing Receivable, before Allowance for Credit Loss	393	232
CLTV ratio greater than 90 to 100 percent | Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	282	317
One year before current fiscal year	241	276
Two years before current fiscal year	182	2
Three years before current fiscal year	3	0
Four years before current fiscal year	0	0
Five years before current fiscal year	4	8
Financing Receivable, before Allowance for Credit Loss	712	603
CLTV ratio greater than 90 to 100 percent | Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	58,202	52,509
One year before current fiscal year	35,544	23,769
Two years before current fiscal year	16,165	1,545
Three years before current fiscal year	1,538	71
Four years before current fiscal year	156	16
Five years before current fiscal year	108	85
Financing Receivable, before Allowance for Credit Loss	111,713	77,995
CLTV ratio greater than 100 percent | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	251	28
One year before current fiscal year	685	912
Two years before current fiscal year	1,235	24
Three years before current fiscal year	91	9
Four years before current fiscal year	21	5
Five years before current fiscal year	82	88
Financing Receivable, before Allowance for Credit Loss	2,365	1,066
CLTV ratio greater than 100 percent | 15-year or less, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1	1
One year before current fiscal year	1	1
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Five years before current fiscal year	0	1
Financing Receivable, before Allowance for Credit Loss	2	3
CLTV ratio greater than 100 percent | Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	8	16
Two years before current fiscal year	20	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Five years before current fiscal year	2	4
Financing Receivable, before Allowance for Credit Loss	30	20
CLTV ratio greater than 100 percent | Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	252	29
One year before current fiscal year	694	929
Two years before current fiscal year	1,255	24
Three years before current fiscal year	91	9
Four years before current fiscal year	21	5
Five years before current fiscal year	84	93
Financing Receivable, before Allowance for Credit Loss	$ 2,397	$ 1,089

Mortgage Loans - Amortized Co_3

Mortgage Loans - Amortized Cost Basis of Multifamily Held-for-Investment Loans by Credit Quality Indicator by Vintage (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, before Allowance for Credit Loss, Total	$ 3,144,760	$ 3,088,464
Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	12,166	13,824
One year before current fiscal year	14,667	17,963
Two years before current fiscal year	18,042	7,646
Three years before current fiscal year	7,561	6,647
Four years before current fiscal year	6,561	4,937
Five years before current fiscal year	8,574	3,824
Revolving Loans	2,433	2,266
Financing Receivable, before Allowance for Credit Loss, Total	70,004	57,107
Multifamily | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	12,116	13,804
One year before current fiscal year	14,611	17,845
Two years before current fiscal year	17,324	7,430
Three years before current fiscal year	7,196	6,345
Four years before current fiscal year	6,267	4,420
Five years before current fiscal year	7,930	3,254
Revolving Loans	2,433	2,266
Financing Receivable, before Allowance for Credit Loss, Total	67,877	55,364
Multifamily | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	50	20
One year before current fiscal year	27	85
Two years before current fiscal year	325	28
Three years before current fiscal year	46	43
Four years before current fiscal year	102	294
Five years before current fiscal year	330	106
Revolving Loans	0	0
Financing Receivable, before Allowance for Credit Loss, Total	880	576
Multifamily | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	29	33
Two years before current fiscal year	388	188
Three years before current fiscal year	319	259
Four years before current fiscal year	192	223
Five years before current fiscal year	308	464
Revolving Loans	0	0
Financing Receivable, before Allowance for Credit Loss, Total	1,236	1,167
Multifamily | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	0	0
Two years before current fiscal year	5	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Five years before current fiscal year	6	0
Revolving Loans	0	0
Financing Receivable, before Allowance for Credit Loss, Total	$ 11	$ 0

Mortgage Loans - Amortized Co_4

Mortgage Loans - Amortized Cost Basis of Held-for-Investment Loans by Payment Status (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 3,144,760	$ 3,088,464
Financing Receivable, Nonaccrual, No Allowance	526	482
Financing Receivable, 90 Days or More Past Due, Still Accruing	0	0
Mortgage Loans in Process of Foreclosure, Amount	2,400	2,000
Single-family
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,074,756	3,031,357
Financing Receivable, Nonaccrual, No Allowance	465	459
20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	2,745,297	2,671,387
Financing Receivable, Nonaccrual, No Allowance	425	406
15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	302,115	331,967
Financing Receivable, Nonaccrual, No Allowance	4	4
Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	27,344	28,003
Financing Receivable, Nonaccrual, No Allowance	36	49
Multifamily
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	70,004	57,107
Financing Receivable, Nonaccrual, No Allowance	61	23
Current
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	3,097,539	3,041,712
Current | Single-family
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	3,027,694	2,984,681
Current | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	2,700,992	2,627,763
Current | 15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	299,989	329,601
Current | Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	26,713	27,317
Current | Multifamily
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	69,845	57,031
One Month Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	27,108	27,471
One Month Past Due | Single-family
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	27,066	27,459
One Month Past Due | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	25,362	25,528
One Month Past Due | 15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	1,392	1,589
One Month Past Due | Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	312	342
One Month Past Due | Multifamily
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	42	12
Two Months Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	6,704	6,152
Two Months Past Due | Single-family
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	6,701	6,152
Two Months Past Due | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	6,334	5,787
Two Months Past Due | 15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	272	270
Two Months Past Due | Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	95	95
Two Months Past Due | Multifamily
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	3	0
Three Months or More Past Due, or in Foreclosure(2)
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	13,409	13,129
Three Months or More Past Due, or in Foreclosure(2) | Single-family
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	13,295	13,065
Three Months or More Past Due, or in Foreclosure(2) | 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	12,609	12,309
Three Months or More Past Due, or in Foreclosure(2) | 15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	462	507
Three Months or More Past Due, or in Foreclosure(2) | Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	224	249
Three Months or More Past Due, or in Foreclosure(2) | Multifamily
Financing Receivable, Past Due [Line Items]
Financing Receivable 1	$ 114	$ 64

Mortgage Loans - Single-Family

Mortgage Loans - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
financing receivable, loan restructuring [Line Items]
Amortized cost basis of SF HFI loans in trial period modification plans	$ 2,000	$ 1,600	$ 2,000	$ 1,600
Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 7,429	$ 6,671	$ 18,343	$ 18,052
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.20%	0.20%	0.60%	0.60%
Amortized cost basis of loans in payment deferral plans	$ 1,700	$ 1,900	$ 6,100	$ 6,500
20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 7,155	$ 6,385	$ 17,670	$ 17,190
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.30%	0.20%	0.60%	0.60%
15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 213	$ 230	$ 526	$ 683
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.10%	0.10%	0.20%	0.20%
Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 61	$ 56	$ 147	$ 179
Financing Receivable, Excluding Accrued Interest, Modified in Period, to Total Financing Receivables, Percentage	0.20%	0.20%	0.50%	0.60%
payment delay [Member] | Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 5,867	$ 5,511	$ 14,033	$ 14,782
payment delay [Member] | 20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	5,597	5,232	13,370	13,945
payment delay [Member] | 15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	213	230	526	683
payment delay [Member] | Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	57	49	137	154
payment delay and term extension [Member] | Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	1,536	1,146	4,265	3,141
payment delay and term extension [Member] | 20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	1,533	1,140	4,256	3,122
payment delay and term extension [Member] | 15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0	0	0
payment delay and term extension [Member] | Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	3	6	9	19
payment delay, interest rate reduction, and term extension [Member] | Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	26	14	45	129
payment delay, interest rate reduction, and term extension [Member] | 20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	25	13	44	123
payment delay, interest rate reduction, and term extension [Member] | 15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	0	0	0	0
payment delay, interest rate reduction, and term extension [Member] | Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified in Period, Amount	$ 1	$ 1	$ 1	$ 6

Mortgage Loans - Financial Effe

Mortgage Loans - Financial Effects of Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0.50%	1.20%	0.60%	1%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	168 months	175 months	168 months	177 months
Weighted average payment deferral or principal forbearance	$ 16	$ 18	$ 16	$ 17
15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	0%	0%	0%	0%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	10 months	0 months	10 months	0 months
Weighted average payment deferral or principal forbearance	$ 9	$ 15	$ 13	$ 16
Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Modified, Weighted Average Interest Rate Decrease from Modification	1.10%	1%	1%	1.80%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	255 months	222 months	235 months	202 months
Weighted average payment deferral or principal forbearance	$ 12	$ 18	$ 13	$ 17

Mortgage Loans - Subsequent Def

Mortgage Loans - Subsequent Defaults of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 1,772	$ 1,233	$ 3,784	$ 2,920
Single family | payment delay [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	1,223	854	2,628	1,980
Single family | payment delay and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	544	321	1,145	619
Single family | payment delay, interest rate reduction, and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	5	58	11	321
20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	1,715	1,186	3,671	2,806
20- and 30-year or more, amortizing fixed-rate | payment delay [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	1,166	810	2,516	1,877
20- and 30-year or more, amortizing fixed-rate | payment delay and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	544	319	1,144	614
20- and 30-year or more, amortizing fixed-rate | payment delay, interest rate reduction, and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	5	57	11	315
15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	44	33	86	78
15-year or less, amortizing fixed-rate | payment delay [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	44	33	86	78
15-year or less, amortizing fixed-rate | payment delay and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0	0	0
15-year or less, amortizing fixed-rate | payment delay, interest rate reduction, and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	0	0	0
Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	13	14	27	36
Adjustable-rate and other | payment delay [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	13	11	26	25
Adjustable-rate and other | payment delay and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	0	2	1	5
Adjustable-rate and other | payment delay, interest rate reduction, and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 0	$ 1	$ 0	$ 6

Mortgage Loans - Payment Status

Mortgage Loans - Payment Status of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Single family
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	$ 22,340	$ 22,901
Single family | Current
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	11,198	12,464
Single family | One Month Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	3,284	2,758
Single family | Two Months Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	2,013	1,555
Single family | Three Months or More Past Due, or in Foreclosure(2)
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	5,845	6,124
20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	21,503	21,783
20- and 30-year or more, amortizing fixed-rate | Current
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	10,808	11,858
20- and 30-year or more, amortizing fixed-rate | One Month Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	3,161	2,636
20- and 30-year or more, amortizing fixed-rate | Two Months Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	1,932	1,484
20- and 30-year or more, amortizing fixed-rate | Three Months or More Past Due, or in Foreclosure(2)
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	5,602	5,805
15-year or less, amortizing fixed-rate
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	658	883
15-year or less, amortizing fixed-rate | Current
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	307	483
15-year or less, amortizing fixed-rate | One Month Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	98	96
15-year or less, amortizing fixed-rate | Two Months Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	63	56
15-year or less, amortizing fixed-rate | Three Months or More Past Due, or in Foreclosure(2)
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	190	248
Adjustable-rate and other
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	179	235
Adjustable-rate and other | Current
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	83	123
Adjustable-rate and other | One Month Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	25	26
Adjustable-rate and other | Two Months Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	18	15
Adjustable-rate and other | Three Months or More Past Due, or in Foreclosure(2)
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	$ 53	$ 71

Financial Guarantees (Details)

Financial Guarantees (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Guarantor Obligations [Line Items]
Assets in VIE in which we do not have a variable interest in	$ 500	$ 300
Fannie Mae Collateral Included In Freddie Mac Commingled Security	100	100
CRT Related Derivatives
Guarantor Obligations [Line Items]
Unpaid Principal Balance	2,000	2,100
Guarantees of Fannie Mae securities
Guarantor Obligations [Line Items]
Unpaid Principal Balance	105,769	110,320
Maximum exposure	105,769	110,320
Recognized Liability	$ 0	$ 0
Maximum Remaining Term	37 years	38 years
Other Guarantees
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 83	$ 117
Maximum exposure	454	468
Recognized Liability	$ 0	$ 0
Maximum Remaining Term	30 years	30 years
Single-family
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 38,413	$ 38,981
Maximum exposure	32,811	33,292
Recognized Liability	546	543
Single-family | Securitization products
Guarantor Obligations [Line Items]
Unpaid Principal Balance	30,287	30,289
Maximum exposure	24,684	24,600
Recognized Liability	$ 411	$ 382
Maximum Remaining Term	40 years	40 years
Single-family | Other mortgage-related guarantees
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 8,126	$ 8,692
Maximum exposure	8,127	8,692
Recognized Liability	$ 135	$ 161
Maximum Remaining Term	28 years	28 years
Multifamily
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 370,356	$ 371,689
Maximum exposure	331,900	332,023
Recognized Liability	4,605	4,960
Multifamily | Securitization products
Guarantor Obligations [Line Items]
Unpaid Principal Balance	359,166	360,928
Maximum exposure	320,710	321,262
Recognized Liability	$ 4,231	$ 4,577
Maximum Remaining Term	36 years	36 years
Multifamily | Other mortgage-related guarantees
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 11,190	$ 10,761
Maximum exposure	11,190	10,761
Recognized Liability	$ 374	$ 383
Maximum Remaining Term	34 years	35 years

UPB of Loans Underlying Our Gua

UPB of Loans Underlying Our Guarantees by Payment Status (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Guarantor Obligations [Line Items]
Current	$ 402,538	$ 404,309
One Month Past Due	2,445	3,022
Two Months Past Due	961	925
Three Months or More Past Due, or in Foreclosure	2,825	2,414
Total	408,769	410,670
Single family
Guarantor Obligations [Line Items]
Current	34,170	34,524
One Month Past Due	2,049	2,172
Two Months Past Due	792	827
Three Months or More Past Due, or in Foreclosure	1,402	1,458
Total	38,413	38,981
Multifamily
Guarantor Obligations [Line Items]
Current	368,368	369,785
One Month Past Due	396	850
Two Months Past Due	169	98
Three Months or More Past Due, or in Foreclosure	1,423	956
Total	$ 370,356	$ 371,689

Guarantees and Other Off-Bala_3

Guarantees and Other Off-Balance Sheet Credit Exposures (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Guarantor Obligations [Line Items]
Mortgage loan purchase commitments	$ 17,445	$ 10,378
Unsettled securities purchased under agreements to resell, net	29,161	22,276
Other Loan Commitments	4,298	4,701
Unpaid Principal Balance Of off-Balance Sheet Credit Exposure	50,904	37,355
Commitments with FVO election	3,100	1,900
Unsettled SSUAR	$ 0	$ 4,000

Allowance for Credit Losses - S

Allowance for Credit Losses - Schedule (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	$ 7,192	$ 7,432	$ 7,192	$ 7,432
Allowance for credit loss
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	7,347	7,782	6,849	7,893
Provision (benefit) for credit losses	(191)	(263)	384	(405)
Charge-offs	(75)	(221)	(367)	(422)
Recoveries collected	39	54	89	115
Other	72	80	237	251
Held for Investment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	6,737	6,948	6,737	6,948
Other Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	455	484	455	484
Single family
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	6,697	7,066	6,697	7,066
Single family | Allowance for credit loss
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	6,760	7,457	6,402	7,746
Provision (benefit) for credit losses	(99)	(304)	336	(624)
Charge-offs	(75)	(221)	(367)	(422)
Recoveries collected	39	54	89	115
Other	72	80	237	251
Single family | Held for Investment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	6,392	6,668	6,392	6,668
Single family | Other Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	305	398	305	398
Multifamily
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	495	366	495	366
Multifamily | Allowance for credit loss
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	587	325	447	147
Provision (benefit) for credit losses	(92)	41	48	219
Charge-offs	0	0	0	0
Recoveries collected	0	0	0	0
Other	0	0	0	0
Multifamily | Held for Investment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	345	280	345	280
Multifamily | Other Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	$ 150	$ 86	$ 150	$ 86

Investment Securities (Details)

Investment Securities (Details) $ in Billions	9 Months Ended
	Sep. 30, 2024 USD ($) loan	Sep. 30, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities scheduled to contractually mature after ten years	$ 1.3
Available-for-sale securities scheduled to contractually mature after five years through ten years	$ 1.5
Gross unrealized losses, number of positions | loan	140
Investment securities in exchange for issuance of debt securities of consolidated trusts		$ 1.7
Deconsolidation Of Investments	$ 2	$ 3.5

Investment Securities - Investm

Investment Securities - Investment Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Trading securities	$ 39,356	$ 38,385
Available-for-Sale, at fair value	4,257	4,890
Total fair value of investment securities	$ 43,613	$ 43,275

Investment Securities - Trading

Investment Securities - Trading Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Trading Securities [Line Items]
Total fair value of trading securities	$ 39,356	$ 38,385
Mortage-related securities
Trading Securities [Line Items]
Total fair value of trading securities	8,825	8,113
Non-mortgage-related securities
Trading Securities [Line Items]
Total fair value of trading securities	$ 30,531	$ 30,272

Net Trading Gains (Losses) (Det

Net Trading Gains (Losses) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Net Trading Gains (Losses)	$ 993	$ (220)	$ 794	$ (332)
Debt Securities, Trading, Realized Gain (Loss)	238	(84)	131	(31)
Debt Securities, Trading, Unrealized Gain (Loss)	$ 755	$ (136)	$ 663	$ (301)

Investment Securities - Availab

Investment Securities - Available-For-Sale Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost Basis	$ 4,122	$ 4,807
Gross Unrealized Gains in Other Comprehensive Income	214	201
Gross Unrealized Losses in Other Comprehensive Income	(79)	(118)
Available-for-Sale, at fair value	4,257	4,890
Accrued Interest Receivable	11	13
Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost Basis	3,843	4,467
Gross Unrealized Gains in Other Comprehensive Income	16	13
Gross Unrealized Losses in Other Comprehensive Income	(67)	(110)
Available-for-Sale, at fair value	3,792	4,370
Accrued Interest Receivable	9	10
Other mortgage-related securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost Basis	279	340
Gross Unrealized Gains in Other Comprehensive Income	198	188
Gross Unrealized Losses in Other Comprehensive Income	(12)	(8)
Available-for-Sale, at fair value	465	520
Accrued Interest Receivable	$ 2	$ 3

Investment Securities - Avail_2

Investment Securities - Available-For-Sale Securities in a Gross Unrealized Loss Position (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	$ 402	$ 397
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(1)	(5)
12 Months or Greater Fair Value	2,482	3,029
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(78)	(113)
Agency
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	397	374
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(1)	(1)
12 Months or Greater Fair Value	2,453	3,006
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(66)	(108)
Other mortgage-related securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	5	23
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	(4)
12 Months or Greater Fair Value	29	23
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ (12)	$ (5)

Investment Securities - Gross R

Investment Securities - Gross Realized Gains and Gross Realized Losses on Sales of Available-For-Sale Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Proceeds from Sale of Available-for-sale Securities	$ 260	$ 1,441	$ 1,097	$ 2,333
Gross realized gains	5	0	8	5
Gross realized losses	0	(118)	(12)	(122)
Net realized gains (losses)	$ 5	$ (118)	$ (4)	$ (117)

Debt - Total Debt (Details)

Debt - Total Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Net [Abstract]
Long-term debt carrying amount	$ 3,251,450
Total debt	3,265,267	$ 3,208,346
Held by consolidated trusts
Debt Net [Abstract]
Total debt	3,092,140	3,041,927
Held by Freddie Mac
Debt Net [Abstract]
Short-term Debt	13,817	5,976
Long-term debt carrying amount	159,310	160,443
Total debt	$ 173,127	$ 166,419

Debt - Debt of Consolidated Tru

Debt - Debt of Consolidated Trusts (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Carrying Amount	$ 3,265,267	$ 3,208,346
Debt instrument recorded at fair value	3,122	2,476
Held by consolidated trusts
Debt Instrument [Line Items]
UPB	3,052,625	2,999,893
Carrying Amount	3,092,140	3,041,927
Debt instrument recorded at fair value	$ 2,800	$ 2,100
Effective rate for debt securities of consolidated trusts held by third parties	2.92%	2.73%
Held by consolidated trusts | Single-family
Debt Instrument [Line Items]
UPB	$ 2,992,181	$ 2,952,593
Carrying Amount	3,032,816	2,995,590
Held by consolidated trusts | Multifamily
Debt Instrument [Line Items]
UPB	60,444	47,300
Carrying Amount	$ 59,324	$ 46,337
Weighted Average Coupon	3.50%	3.35%
Held by consolidated trusts | Single-family 20- and 30-year or more, fixed-rate | Single-family
Debt Instrument [Line Items]
UPB	$ 2,670,853	$ 2,603,100
Carrying Amount	$ 2,706,909	$ 2,640,550
Weighted Average Coupon	3.28%	3.06%
Held by consolidated trusts | Single-family 15-year or less, fixed-rate | Single-family
Debt Instrument [Line Items]
UPB	$ 298,106	$ 326,242
Carrying Amount	$ 302,263	$ 331,291
Weighted Average Coupon	2.27%	2.20%
Held by consolidated trusts | Adjustable-rate and other | Single-family
Debt Instrument [Line Items]
UPB	$ 23,222	$ 23,251
Carrying Amount	$ 23,644	$ 23,749
Weighted Average Coupon	4.41%	3.93%

Debt - Short-Term Debt (Details

Debt - Short-Term Debt (Details) - Held by Freddie Mac - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Short-term Debt [Abstract]
Short-term Debt	$ 13,817	$ 5,976
Discount notes and Reference Bills
Short-term Debt [Abstract]
Short-term debt par value	13,842	6,032
Short-term Debt	$ 13,817	$ 5,976
Short-term debt weighted average effective rate	4.93%	5.39%

Debt - Long-Term Debt (Details)

Debt - Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Debt	$ 3,251,450
Debt instrument recorded at fair value	3,122	$ 2,476
Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	164,532	168,008
Long-term Debt	$ 159,310	$ 160,443
Long-term debt weighted average effective rate	3.56%	3.30%
Debt instrument recorded at fair value	$ 300	$ 400
Callable Medium Term Notes | Fixed Rate | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	120,304	139,344
Long-term Debt	$ 120,194	$ 139,257
Long-term debt weighted average effective rate	3.16%	3.13%
Callable Medium Term Notes | Variable Rate | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 1,637	$ 1,869
Long-term Debt	$ 1,636	$ 1,867
Long-term debt weighted average effective rate	4.62%	4.81%
Non Callable Medium Term Notes | Fixed Rate | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 327	$ 1,573
Long-term Debt	$ 327	$ 1,574
Long-term debt weighted average effective rate	3.29%	0.98%
Non Callable Medium Term Notes | Variable Rate | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 17,647	$ 47
Long-term Debt	$ 17,644	$ 47
Long-term debt weighted average effective rate	5.34%	8.10%
Non Callable Medium Term Notes | Zero Coupon | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 4,748	$ 4,836
Long-term Debt	$ 3,161	$ 3,100
Long-term debt weighted average effective rate	6.20%	6.17%
Non Callable US Dollar Reference Notes Securities | Fixed Rate | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 18,162	$ 18,162
Long-term Debt	$ 18,210	$ 18,209
Long-term debt weighted average effective rate	3.19%	3.19%
CRT products | Fixed Rate | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 77	$ 82
Long-term Debt	$ 79	$ 83
Long-term debt weighted average effective rate	13%	13%
CRT products | Variable Rate | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 1,630	$ 2,095
Long-term Debt	$ 1,553	$ 2,006
Long-term debt weighted average effective rate	12.34%	11.45%
Other | Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 0	$ 0
Long-term Debt	$ 110	$ 121
Long-term debt weighted average effective rate	0.85%	0.84%
Hedging-Related Basis Adjustments | Held by Freddie Mac
Debt Instrument [Line Items]
Long-term Debt	$ (3,604)	$ (5,821)

Debt - Contractual Maturity of

Debt - Contractual Maturity of Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Contractual maturities of long term debt
Debt of consolidated trusts held by third parties, STACR, and SCR debt notes	$ 3,054,332
Par Value Of Total Long Term Debt	3,217,157
Net discounts, premiums, debt issuance costs, hedge-related, and other basis adjustments	34,293
Long-term Debt	3,251,450
Held by Freddie Mac
Contractual maturities of long term debt
Long-term debt - 2024	6,787
Long-term debt - 2025	53,207
Long-term debt - 2026	30,626
Long-term debt - 2027	18,426
Long-term debt - 2028	9,892
Long-Term Debt, Maturity, after Year Five	43,887
Long-term Debt	$ 159,310	$ 160,443

Derivatives - Derivative Assets

Derivatives - Derivative Assets and Liabilities at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional or contractual amount	$ 851,022	$ 866,455
Derivative interest receivable and other	239	17
Netting adjustments to derivative assets	(5,252)	(5,742)
Derivative Asset	594	486
Derivative interest payable and other	(1)	(36)
Netting adjustments to derivative liabilities	5,723	7,834
Derivative liabilities, net	(936)	(873)
Not Designated as Hedging Instrument, Economic Hedge
Derivative [Line Items]
Notional or contractual amount	690,427	694,253
Derivative assets at fair value	5,372	5,935
Derivative liabilities at fair value	(2,865)	(3,013)
Not Designated as Hedging Instrument, Economic Hedge | CDX swaption
Derivative [Line Items]
Notional or contractual amount	6,900	6,400
Derivative assets at fair value	1	1
Not Designated as Hedging Instrument, Economic Hedge | Swaps
Derivative [Line Items]
Notional or contractual amount	360,455	351,193
Derivative assets at fair value	1,347	1,638
Derivative liabilities at fair value	(488)	(462)
Not Designated as Hedging Instrument, Economic Hedge | Written options | Written
Derivative [Line Items]
Notional or contractual amount	40,819	48,227
Derivative assets at fair value	0	0
Derivative liabilities at fair value	(1,614)	(1,746)
Not Designated as Hedging Instrument, Economic Hedge | Purchased options | Purchased
Derivative [Line Items]
Notional or contractual amount	92,390	89,790
Derivative assets at fair value	3,963	4,251
Derivative liabilities at fair value	0	0
Not Designated as Hedging Instrument, Economic Hedge | Futures
Derivative [Line Items]
Notional or contractual amount	90,674	132,982
Derivative assets at fair value	0	0
Derivative liabilities at fair value	0	0
Not Designated as Hedging Instrument, Economic Hedge | Interest-rate risk management derivatives
Derivative [Line Items]
Notional or contractual amount	584,338	622,192
Derivative assets at fair value	5,310	5,889
Derivative liabilities at fair value	(2,102)	(2,208)
Not Designated as Hedging Instrument, Economic Hedge | Mortgage commitment derivatives
Derivative [Line Items]
Notional or contractual amount	57,116	26,911
Derivative assets at fair value	24	43
Derivative liabilities at fair value	(19)	(10)
Not Designated as Hedging Instrument, Economic Hedge | Credit risk transfer [Member]
Derivative [Line Items]
Notional or contractual amount	29,185	30,578
Derivative assets at fair value	0	0
Derivative liabilities at fair value	(210)	(228)
Not Designated as Hedging Instrument, Economic Hedge | Other
Derivative [Line Items]
Notional or contractual amount	19,788	14,572
Derivative assets at fair value	38	3
Derivative liabilities at fair value	(534)	(567)
Designated as Hedging Instrument | Fair Value Hedging
Derivative [Line Items]
Notional or contractual amount	160,595	172,202
Derivative assets at fair value	235	276
Derivative liabilities at fair value	(3,793)	(5,658)
Designated as Hedging Instrument | Fair Value Hedging | Swaps
Derivative [Line Items]
Notional or contractual amount	160,595	172,202
Derivative assets at fair value	235	276
Derivative liabilities at fair value	$ (3,793)	$ (5,658)

Offsetting of Derivatives - Ass

Offsetting of Derivatives - Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Offsetting Assets [Line Items]
Derivative Assets	$ 5,846	$ 6,228
Netting adjustments	(3,468)	(4,210)
Cash collateral netting	(1,784)	(1,532)
Derivative Asset	594	486
Gross amount not offset in the consolidated balance sheets	(193)	(366)
Net Amount	401	120
Other
Offsetting Assets [Line Items]
Derivative Assets	38	3
OTC derivatives
Offsetting Assets [Line Items]
Derivative Assets	5,546	6,165
Cleared and exchange-traded derivatives
Offsetting Assets [Line Items]
Derivative Assets	225	13
Mortgage commitment derivatives
Offsetting Assets [Line Items]
Derivative Assets	$ 37	$ 47

Offsetting of Derivatives - Lia

Offsetting of Derivatives - Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative Liability [Abstract]
Derivative Liabilities	$ (6,659)	$ (8,707)
Counterparty netting	3,468	4,210
Cash collateral netting	2,255	3,624
Derivative Liability	(936)	(873)
Gross amount not offset in the consolidated balance sheets	47	47
Derivative liability, Fair Value, Amount Offset Against Collateral	(889)	(826)
Other
Derivative Liability [Abstract]
Derivative Liabilities	(744)	(795)
OTC derivatives
Derivative Liability [Abstract]
Derivative Liabilities	(5,895)	(7,866)
Cleared and exchange-traded derivatives
Derivative Liability [Abstract]
Derivative Liabilities	(1)	(36)
Mortgage commitment derivatives
Derivative Liability [Abstract]
Derivative Liabilities	$ (19)	$ (10)

Derivatives - Derivative Gains

Derivatives - Derivative Gains and Losses (Details) - Not Designated as Hedging Instrument, Economic Hedge - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	$ (1,370)	$ 1,252	$ (263)	$ 1,498
Gain (Loss) on Derivative Instruments | Interest-rate management derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(1,188)	1,208	2	1,556
Gain (Loss) on Derivative Instruments | Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(425)	(48)	(27)	360
Gain (Loss) on Derivative Instruments | Written options | Written
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	223	(424)	174	(147)
Gain (Loss) on Derivative Instruments | Purchased options | Purchased
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(511)	1,012	(213)	463
Gain (Loss) on Derivative Instruments | Futures
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(475)	668	68	880
Gain (Loss) on Derivative Instruments | Mortgage commitment derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(415)	248	(343)	293
Gain (Loss) on Derivative Instruments | CRT-Related Derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	39	(10)	47	(154)
Gain (Loss) on Derivative Instruments | Other
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	$ 194	$ (194)	$ 31	$ (197)

Derivatives Derivatives - Gains

Derivatives Derivatives - Gains and Losses on Fair Value Hedge (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Interest income	$ 29,809	$ 26,799	$ 87,258	$ 77,541
Total Interest Expense	24,810	22,050	72,572	63,768
Interest rate risk on held-for-investment mortgage loans | Interest income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on fair value hedging relationships - hedged items	2,049	(1,722)	820	(1,563)
Gain (loss) on fair value hedging relationships - derivatives designated as hedging instruments	(2,039)	1,658	(926)	1,485
Interest accrual on fair value hedging derivatives for held-for-investment loan	227	225	701	687
Discontinued hedge related basis adjustments amortization	44	60	160	130
Interest rate risk on debt | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on fair value hedging relationships - hedged items	(1,869)	16	(2,246)	(794)
Gain (loss) on fair value hedging relationships - derivatives designated as hedging instruments	1,876	(9)	2,268	776
Interest accrual on fair value hedging derivatives for debt	(824)	(1,014)	(2,627)	(3,065)
Discontinued hedge related basis adjustments amortization	$ (1)	$ (145)	$ (5)	$ (355)

Derivatives Derivatives - Cumul

Derivatives Derivatives - Cumulative Basis Adjustment due to Fair Value Hedges (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Cumulative Basis Adjustments Due to Fair Value Hedging [Line Items]
Carrying amount debt hedged liability	$ (117,127)	$ (143,407)
Total basis adjustment cumulative amount for hedged liability	3,604	5,821
Hedged Asset, Fair Value Hedge, Portfolio Layer, Cumulative Increase (Decrease)	(100)	(200)
Basis adjustment amount for hedged liability - discontinued hedge	19	29
Mortgage loans held-for-investment
Cumulative Basis Adjustments Due to Fair Value Hedging [Line Items]
Carrying amount mortgage loans held-for-investment hedged asset	1,109,943	1,115,454
Total basis adjustment cumulative amount for hedged asset	(1,274)	(2,253)
Hedged Asset, Fair Value Hedge, Portfolio Layer, Cumulative Increase (Decrease)	(75)	(220)
Basis adjustment amount for hedged asset - discontinued hedge	(1,199)	(2,033)
Closed Portfolio and Beneficial Interest, Portfolio Layer, Amortized Cost	56,306	59,786
Hedged Asset, Fair Value Hedge, Portfolio Layer, Amount	11,845	11,670
Mortgage loans held-for-sale
Cumulative Basis Adjustments Due to Fair Value Hedging [Line Items]
Carrying amount mortgage loans held-for-investment hedged asset	145	128
Total basis adjustment cumulative amount for hedged asset	1	1
Hedged Asset, Fair Value Hedge, Portfolio Layer, Cumulative Increase (Decrease)	0	0
Basis adjustment amount for hedged asset - discontinued hedge	1	1
Closed Portfolio and Beneficial Interest, Portfolio Layer, Amortized Cost	0	0
Hedged Asset, Fair Value Hedge, Portfolio Layer, Amount	$ 0	$ 0

Collateralized Agreements and_3

Collateralized Agreements and Offsetting Arrangements - Offsetting of Financial Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Offsetting Assets [Line Items]
Collateral Securities Repledged, Delivered, or Used	$ 0	$ 400
Securities purchased under agreements to resell:
Gross Amount Recognized	105,220	105,393
Counterparty netting	(2,110)	(10,245)
Securities Purchased under Agreements to Resell	103,110	95,148
Gross Amount Not Offset in the Consolidated Balance Sheets	(103,110)	(95,148)
Securities Purchased under Agreements to Resell, Amount Offset Against Collateral	0	0
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell [Member]
Offsetting Assets [Line Items]
Securities Purchased under Agreements to Resell, Fair Value of Collateral	$ 105,200	$ 104,200

Collateralized Agreements and_4

Collateralized Agreements and Offsetting Arrangements - Offsetting of Financial Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Securities Sold under Agreements to Repurchase [Abstract]
Gross Amount Recognized	$ (2,110)	$ (10,245)
Counterparty netting	2,110	10,245
Net Amount Presented in the Consolidated Balance Sheets	0	0
Gross Amount Not Offset in the Consolidated Balance Sheets	0	0
Net Amount	$ 0	$ 0

Collateralized Agreements and_5

Collateralized Agreements and Offsetting Arrangements - Remaining Contractual Maturity (Details) - Asset Pledged as Collateral - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	$ 6,693	$ 12,457
Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,093	8,221
U.S Treasury securities and other | Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,110	10,245
U.S Treasury securities and other | Overnight and continuous | Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	1,404	0
U.S Treasury securities and other | 30 days or less | Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	706	10,245
U.S Treasury securities and other | After 30 days through 90 days | Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	0	0
U.S Treasury securities and other | Greater than 90 days | Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	$ 0	$ 0

Collateralized Agreements and_6

Collateralized Agreements and Offsetting Arrangements - Collateral in the Form of Securities Pledged (Details) - Asset Pledged as Collateral - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	$ 6,693	$ 12,457
Derivative
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,419	1,866
Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,093	8,221
Other
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,181	2,370
Trading securities
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	6,693	7,902
Trading securities | Derivative
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,419	1,866
Trading securities | Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,093	3,666
Trading securities | Other
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,181	2,370
Other assets
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	0	4,555
Other assets | Derivative
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	0	0
Other assets | Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	0	4,555
Other assets | Other
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	$ 0	$ 0

Net Interest Income (Details)

Net Interest Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income:
Mortgage loans	$ 27,640	$ 24,525	$ 80,690	$ 71,427
Investment securities	510	427	1,464	1,106
Interest Income, Securities Purchased under Agreements to Resell	1,511	1,660	4,636	4,502
Other	148	187	468	506
Interest income	29,809	26,799	87,258	77,541
Interest expense:
Interest Expense, Operating, Total	24,810	22,050	72,572	63,768
Net interest income	4,999	4,749	14,686	13,773
(Provision) benefit for credit losses	191	263	(384)	405
Net interest income after (provision) benefit for credit losses	5,190	5,012	14,302	14,178
Held by consolidated trusts
Interest expense:
Debt of consolidated trusts	(22,330)	(19,383)	(65,086)	(56,252)
Held by Freddie Mac
Interest expense:
Short-term debt	(205)	(191)	(721)	(593)
Long-term debt	$ (2,275)	$ (2,476)	$ (6,765)	$ (6,923)

Segment Reporting (Details)

Segment Reporting (Details)	9 Months Ended
	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Reporting - Segment Ear

Segment Reporting - Segment Earnings and Reconciliation to GAAP Condensed Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net interest income	$ 4,999	$ 4,749	$ 14,686	$ 13,773
Non-interest income
Guarantee income	487	301	1,366	1,076
Investment gains, net	243	555	1,197	741
Other income	109	85	334	266
Non-interest income	839	941	2,897	2,083
Net revenues	5,838	5,690	17,583	15,856
(Provision) benefit for credit losses	191	263	(384)	405
Non-interest expense
Noninterest Expense	(2,183)	(2,576)	(6,439)	(6,712)
Income before income tax expense	3,846	3,377	10,760	9,549
Income tax expense	(741)	(692)	(2,124)	(1,925)
Net income	3,105	2,685	8,636	7,624
Other comprehensive income (loss), net of taxes and reclassification adjustments	62	19	32	19
Comprehensive income	3,167	2,704	8,668	7,643
Single Family Guarantee Segment | Operating segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net interest income	4,692	4,534	13,815	13,125
Non-interest income
Guarantee income	23	25	68	73
Investment gains, net	282	314	531	131
Other income	59	54	210	161
Non-interest income	364	393	809	365
Net revenues	5,056	4,927	14,624	13,490
(Provision) benefit for credit losses	99	304	(336)	624
Non-interest expense
Noninterest Expense	(1,966)	(2,310)	(5,812)	(6,121)
Income before income tax expense	3,189	2,921	8,476	7,993
Income tax expense	(616)	(598)	(1,674)	(1,612)
Net income	2,573	2,323	6,802	6,381
Other comprehensive income (loss), net of taxes and reclassification adjustments	10	(6)	0	(5)
Comprehensive income	2,583	2,317	6,802	6,376
Multifamily | Operating segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net interest income	307	215	871	648
Non-interest income
Guarantee income	464	276	1,298	1,003
Investment gains, net	(39)	241	666	610
Other income	50	31	124	105
Non-interest income	475	548	2,088	1,718
Net revenues	782	763	2,959	2,366
(Provision) benefit for credit losses	92	(41)	(48)	(219)
Non-interest expense
Noninterest Expense	(217)	(266)	(627)	(591)
Income before income tax expense	657	456	2,284	1,556
Income tax expense	(125)	(94)	(450)	(313)
Net income	532	362	1,834	1,243
Other comprehensive income (loss), net of taxes and reclassification adjustments	52	25	32	24
Comprehensive income	$ 584	$ 387	$ 1,866	$ 1,267

Segment Reporting - Segment Ass

Segment Reporting - Segment Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 3,342,583	$ 3,280,976
Reconciling items
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	(191,765)	(198,731)
Single Family Guarantee Segment | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	3,082,232	3,038,910
Multifamily | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	452,116	440,797
Operating segments | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 3,534,348	$ 3,479,707

Concentration of Credit and O_3

Concentration of Credit and Other Risks - Concentration of Credit Risk - Single-Family Mortgage Portfolio (Details) $ in Millions	Sep. 30, 2024 USD ($)
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.54%
Northeast
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.61%
West
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.41%
Southwest
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.58%
Southeast
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.57%
North Central
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.55%
California
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.41%
Texas
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.66%
Florida
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.63%
New York
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.87%
Illinois
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.69%
All Other
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.51%
Geographic Concentration Risk | Single-family UPB
Concentration Risk [Line Items]
Portfolio UPB	$ 3,081,891
Concentration risk percentage	100%
Geographic Concentration Risk | Single-family UPB | Northeast
Concentration Risk [Line Items]
Portfolio UPB	$ 711,763
Concentration risk percentage	23%
Geographic Concentration Risk | Single-family UPB | West
Concentration Risk [Line Items]
Portfolio UPB	$ 915,004
Concentration risk percentage	30%
Geographic Concentration Risk | Single-family UPB | Southwest
Concentration Risk [Line Items]
Portfolio UPB	$ 462,203
Concentration risk percentage	15%
Geographic Concentration Risk | Single-family UPB | Southeast
Concentration Risk [Line Items]
Portfolio UPB	$ 543,620
Concentration risk percentage	18%
Geographic Concentration Risk | Single-family UPB | North Central
Concentration Risk [Line Items]
Portfolio UPB	$ 449,301
Concentration risk percentage	14%
Geographic Concentration Risk | Single-family UPB | California
Concentration Risk [Line Items]
Portfolio UPB	$ 514,106
Concentration risk percentage	17%
Geographic Concentration Risk | Single-family UPB | Texas
Concentration Risk [Line Items]
Portfolio UPB	$ 220,446
Concentration risk percentage	7%
Geographic Concentration Risk | Single-family UPB | Florida
Concentration Risk [Line Items]
Portfolio UPB	$ 205,959
Concentration risk percentage	7%
Geographic Concentration Risk | Single-family UPB | New York
Concentration Risk [Line Items]
Portfolio UPB	$ 134,200
Concentration risk percentage	4%
Geographic Concentration Risk | Single-family UPB | Illinois
Concentration Risk [Line Items]
Portfolio UPB	$ 115,277
Concentration risk percentage	4%
Geographic Concentration Risk | Single-family UPB | All Other
Concentration Risk [Line Items]
Portfolio UPB	$ 1,891,903
Concentration risk percentage	61%

Concentration of Credit and O_4

Concentration of Credit and Other Risks - Concentration of Credit Risk - Multifamily Mortgage Portfolio (Details)(Details) $ in Millions	Sep. 30, 2024 USD ($)
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.39%
Northeast
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.84%
West
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.17%
Southwest
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.29%
Southeast
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.16%
North Central
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.45%
California
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.22%
Texas
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.30%
Florida
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.10%
New York
Concentration Risk [Line Items]
Multifamily Delinquency Rate	1.91%
GEORGIA
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.21%
All Other
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.29%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member]
Concentration Risk [Line Items]
Portfolio UPB	$ 452,116
Unpaid Principal Balance, Percent Of Portfolio	100%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | Northeast
Concentration Risk [Line Items]
Portfolio UPB	$ 110,770
Unpaid Principal Balance, Percent Of Portfolio	25%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | West
Concentration Risk [Line Items]
Portfolio UPB	$ 110,254
Unpaid Principal Balance, Percent Of Portfolio	24%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | Southwest
Concentration Risk [Line Items]
Portfolio UPB	$ 93,088
Unpaid Principal Balance, Percent Of Portfolio	21%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | Southeast
Concentration Risk [Line Items]
Portfolio UPB	$ 93,087
Unpaid Principal Balance, Percent Of Portfolio	21%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | North Central
Concentration Risk [Line Items]
Portfolio UPB	$ 44,917
Unpaid Principal Balance, Percent Of Portfolio	9%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | California
Concentration Risk [Line Items]
Portfolio UPB	$ 58,900
Unpaid Principal Balance, Percent Of Portfolio	13%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | Texas
Concentration Risk [Line Items]
Portfolio UPB	$ 57,770
Unpaid Principal Balance, Percent Of Portfolio	13%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | Florida
Concentration Risk [Line Items]
Portfolio UPB	$ 39,525
Unpaid Principal Balance, Percent Of Portfolio	9%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | New York
Concentration Risk [Line Items]
Portfolio UPB	$ 35,378
Unpaid Principal Balance, Percent Of Portfolio	8%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | GEORGIA
Concentration Risk [Line Items]
Portfolio UPB	$ 19,212
Unpaid Principal Balance, Percent Of Portfolio	4%
Geographic Concentration Risk | Multifamily Unpaid Principal Balance [Member] | All Other
Concentration Risk [Line Items]
Portfolio UPB	$ 241,331
Unpaid Principal Balance, Percent Of Portfolio	53%

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Mortgage Loans [Abstract]
Held-for-sale, at fair value	$ 8,353	$ 7,356
Mortgage loans FVO held-for-investment	2,371	1,806
Derivative Assets Net [Abstract]
Derivative Asset	594	486
Other Assets [Abstract]
Netting adjustments	(3,468)	(4,210)
Total other assets	6,166	6,095
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	3,122	2,476
Other liabilities
Netting Adjustment	(3,468)	(4,210)
Total other liabilities	937	873
Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	2,800	2,100
Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	300	400
Fair Value, Measurements, Recurring
Available-For-Sale, at Fair Value:
Debt Securities, Available-for-sale	4,257	4,890
Trading, at Fair Value:
Trading securities, at fair value	39,356	38,385
Total investments in securities	43,613	43,275
Mortgage Loans [Abstract]
Held-for-sale, at fair value	8,353	7,356
Mortgage loans FVO held-for-investment	2,371	1,806
Derivative Assets Net [Abstract]
Derivative assets, net	594	486
Other Assets [Abstract]
Guarantee Assets	5,289	5,351
Derivative assets, net	594	486
All Other Assets	283	258
Netting adjustments	(5,013)	(5,725)
Total other assets	6,166	6,095
Total Assets carried at fair value on a recurring basis	60,503	58,532
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	3,122	2,476
Other liabilities
Derivative liabilities, net	936	873
All other, at fair value	1	0
Netting Adjustment	(5,722)	(7,798)
Total other liabilities	937	873
Total liabilities carried at fair value on a recurring basis	4,059	3,349
Fair Value, Measurements, Recurring | Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	2,800	2,050
Fair Value, Measurements, Recurring | Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	322	426
Fair Value, Measurements, Recurring | Mortage-related securities
Trading, at Fair Value:
Trading securities, at fair value	8,825	8,113
Fair Value, Measurements, Recurring | Non-mortgage-related securities
Trading, at Fair Value:
Trading securities, at fair value	30,531	30,272
Fair Value, Measurements, Recurring | Level 1
Available-For-Sale, at Fair Value:
Debt Securities, Available-for-sale	0	0
Trading, at Fair Value:
Trading securities, at fair value	30,105	29,854
Total investments in securities	30,105	29,854
Mortgage Loans [Abstract]
Held-for-sale, at fair value	0	0
Mortgage loans FVO held-for-investment	0	0
Derivative Assets Net [Abstract]
Derivative assets, net	0	0
Other Assets [Abstract]
Guarantee Assets	0	0
Derivative assets, net	0	0
All Other Assets	0	0
Total other assets	0	0
Total Assets carried at fair value on a recurring basis	30,105	29,854
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	0	0
Other liabilities
Derivative liabilities, net	1	0
All other, at fair value	0	0
Total other liabilities	1	0
Total liabilities carried at fair value on a recurring basis	1	0
Fair Value, Measurements, Recurring | Level 1 | Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	0	0
Fair Value, Measurements, Recurring | Level 1 | Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	0	0
Fair Value, Measurements, Recurring | Level 1 | Mortage-related securities
Trading, at Fair Value:
Trading securities, at fair value	0	0
Fair Value, Measurements, Recurring | Level 1 | Non-mortgage-related securities
Trading, at Fair Value:
Trading securities, at fair value	30,105	29,854
Fair Value, Measurements, Recurring | Level 2
Available-For-Sale, at Fair Value:
Debt Securities, Available-for-sale	3,669	4,212
Trading, at Fair Value:
Trading securities, at fair value	6,023	5,760
Total investments in securities	9,692	9,972
Mortgage Loans [Abstract]
Held-for-sale, at fair value	7,618	6,460
Mortgage loans FVO held-for-investment	1,446	1,333
Derivative Assets Net [Abstract]
Derivative assets, net	5,569	6,209
Other Assets [Abstract]
Guarantee Assets	0	0
Derivative assets, net	5,569	6,209
All Other Assets	105	92
Total other assets	5,674	6,301
Total Assets carried at fair value on a recurring basis	24,430	24,066
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	3,016	2,043
Other liabilities
Derivative liabilities, net	6,584	8,608
All other, at fair value	0	0
Total other liabilities	6,584	8,608
Total liabilities carried at fair value on a recurring basis	9,600	10,651
Fair Value, Measurements, Recurring | Level 2 | Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	2,780	1,707
Fair Value, Measurements, Recurring | Level 2 | Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	236	336
Fair Value, Measurements, Recurring | Level 2 | Mortage-related securities
Trading, at Fair Value:
Trading securities, at fair value	5,597	5,342
Fair Value, Measurements, Recurring | Level 2 | Non-mortgage-related securities
Trading, at Fair Value:
Trading securities, at fair value	426	418
Fair Value, Measurements, Recurring | Level 3
Available-For-Sale, at Fair Value:
Debt Securities, Available-for-sale	588	678
Trading, at Fair Value:
Trading securities, at fair value	3,228	2,771
Total investments in securities	3,816	3,449
Mortgage Loans [Abstract]
Held-for-sale, at fair value	735	896
Mortgage loans FVO held-for-investment	925	473
Derivative Assets Net [Abstract]
Derivative assets, net	38	2
Other Assets [Abstract]
Guarantee Assets	5,289	5,351
Derivative assets, net	38	2
All Other Assets	178	166
Total other assets	5,505	5,519
Total Assets carried at fair value on a recurring basis	10,981	10,337
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	106	433
Other liabilities
Derivative liabilities, net	73	63
All other, at fair value	1	0
Total other liabilities	74	63
Total liabilities carried at fair value on a recurring basis	180	496
Fair Value, Measurements, Recurring | Level 3 | Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	20	343
Fair Value, Measurements, Recurring | Level 3 | Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	86	90
Fair Value, Measurements, Recurring | Level 3 | Mortage-related securities
Trading, at Fair Value:
Trading securities, at fair value	3,228	2,771
Fair Value, Measurements, Recurring | Level 3 | Non-mortgage-related securities
Trading, at Fair Value:
Trading securities, at fair value	$ 0	$ 0

Fair Value Disclosures - Fair V

Fair Value Disclosures - Fair Value Measurements of Assets and Liabilities Using Significant Unobservable Inputs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Liabilities:
Beginning Balance	$ 577	$ 473	$ 496	$ 485
Included in Earnings	(55)	48	(41)	33
Included in Other Comprehensive Income	0	0	0	0
Purchases	3	0	9	66
Issues	15	55	54	0
Sales	0	0	0	0
Settlements, Net	(4)	(31)	(13)	(39)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(356)	0	(325)	0
Ending Balance	180	545	180	545
Unrealized Gains (Losses) Still Held - Liabilities	(58)	32	(49)	17
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Assets:
Beginning Balance	10,472	9,884	10,337	9,618
Included in Earnings	208	(233)	75	(539)
Included in Other Comprehensive Income	11	(15)	5	(23)
Purchases	581	1,157	1,746	2,075
Issues	163	183	414	505
Sales	(282)	(727)	(1,061)	(727)
Settlements, net	(323)	(299)	(923)	(893)
Transfers into Level 3	161	0	627	154
Transfers out of Level 3	(10)	(47)	(239)	(267)
Ending Balance	10,981	9,903	10,981	9,903
Unrealized Gains (Losses) Still Held - Assets	318	(85)	436	(14)
Unrealized Gains (Losses) Still Held, Assets, OCI	9	(12)	4	(18)
Debt
Liabilities:
Beginning Balance	462	374	433	388
Included in Earnings	2	1	3	(18)
Included in Other Comprehensive Income	0	0	0	0
Purchases	0	0	0	66
Issues	0	55	0	0
Sales	0	0	0	0
Settlements, Net	(2)	0	(5)	(6)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(356)	0	(325)	0
Ending Balance	106	430	106	430
Unrealized Gains (Losses) Still Held - Liabilities	1	8	3	(1)
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Other Liabilities
Liabilities:
Beginning Balance	115	99	63	97
Included in Earnings	(57)	47	(44)	51
Included in Other Comprehensive Income	0	0	0	0
Purchases	3	0	9	0
Issues	15	0	54	0
Sales	0	0	0	0
Settlements, Net	(2)	(31)	(8)	(33)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Ending Balance	74	115	74	115
Unrealized Gains (Losses) Still Held - Liabilities	(59)	24	(52)	18
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0	0	0
Available-for-sale securities
Assets:
Beginning Balance	603	790	678	894
Included in Earnings	0	0	0	1
Included in Other Comprehensive Income	11	(15)	5	(23)
Purchases	0	0	0	0
Issues	0	0	0	0
Sales	0	0	0	0
Settlements, net	(26)	(43)	(95)	(139)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	(41)	0	(42)
Ending Balance	588	691	588	691
Unrealized Gains (Losses) Still Held - Assets	0	0	0	0
Unrealized Gains (Losses) Still Held, Assets, OCI	9	(12)	4	(18)
Trading securities
Assets:
Beginning Balance	3,009	2,561	2,771	2,731
Included in Earnings	34	(141)	(183)	(470)
Included in Other Comprehensive Income	0	0	0	0
Purchases	219	348	714	531
Issues	0	0	0	0
Sales	0	0	0	0
Settlements, net	(24)	(16)	(64)	(40)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(10)	0	(10)	0
Ending Balance	3,228	2,752	3,228	2,752
Unrealized Gains (Losses) Still Held - Assets	156	20	185	30
Unrealized Gains (Losses) Still Held, Assets, OCI	0	0	0	0
Investments securities
Assets:
Beginning Balance	3,612	3,351	3,449	3,625
Included in Earnings	34	(141)	(183)	(469)
Included in Other Comprehensive Income	11	(15)	5	(23)
Purchases	219	348	714	531
Issues	0	0	0	0
Sales	0	0	0	0
Settlements, net	(50)	(59)	(159)	(179)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(10)	(41)	(10)	(42)
Ending Balance	3,816	3,443	3,816	3,443
Unrealized Gains (Losses) Still Held - Assets	156	20	185	30
Unrealized Gains (Losses) Still Held, Assets, OCI	9	(12)	4	(18)
Mortgage loans held-for-sale
Assets:
Beginning Balance	627	881	896	310
Included in Earnings	28	(1)	22	(30)
Included in Other Comprehensive Income	0	0	0	0
Purchases	356	814	1,038	1,567
Issues	0	0	0	0
Sales	(276)	(723)	(1,048)	(723)
Settlements, net	0	(13)	(1)	(24)
Transfers into Level 3	0	0	35	12
Transfers out of Level 3	0	0	(207)	(154)
Ending Balance	735	958	735	958
Unrealized Gains (Losses) Still Held - Assets	18	(4)	19	(4)
Unrealized Gains (Losses) Still Held, Assets, OCI	0	0	0	0
Mortgage loans held-for-investment
Assets:
Beginning Balance	776	170	473	110
Included in Earnings	10	(2)	(42)	(13)
Included in Other Comprehensive Income	0	0	0	0
Purchases	0	0	0	0
Issues	0	0	0	0
Sales	0	0	0	0
Settlements, net	(22)	(5)	(76)	(11)
Transfers into Level 3	161	0	592	142
Transfers out of Level 3	0	(6)	(22)	(71)
Ending Balance	925	157	925	157
Unrealized Gains (Losses) Still Held - Assets	12	(12)	(41)	(12)
Unrealized Gains (Losses) Still Held, Assets, OCI	0	0	0	0
Other Asset
Assets:
Beginning Balance	5,457	5,482	5,519	5,573
Included in Earnings	136	(89)	278	(27)
Included in Other Comprehensive Income	0	0	0	0
Purchases	6	(5)	(6)	(23)
Issues	163	183	414	505
Sales	(6)	(4)	(13)	(4)
Settlements, net	(251)	(222)	(687)	(679)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Ending Balance	5,505	5,345	5,505	5,345
Unrealized Gains (Losses) Still Held - Assets	132	(89)	273	(28)
Unrealized Gains (Losses) Still Held, Assets, OCI	0	0	0	0
Guarantee Asset
Assets:
Beginning Balance	5,254	5,323	5,351	5,442
Included in Earnings	110	(89)	220	(82)
Included in Other Comprehensive Income	0	0	0	0
Purchases	0	0	0	0
Issues	158	179	405	498
Sales	0	0	0	0
Settlements, net	(233)	(218)	(687)	(663)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Ending Balance	5,289	5,195	5,289	5,195
Unrealized Gains (Losses) Still Held - Assets	110	(89)	221	(82)
Unrealized Gains (Losses) Still Held, Assets, OCI	0	0	0	0
All Other, at fair value
Assets:
Beginning Balance	203	159	168	131
Included in Earnings	26	0	58	55
Included in Other Comprehensive Income	0	0	0	0
Purchases	6	(5)	(6)	(23)
Issues	5	4	9	7
Sales	(6)	(4)	(13)	(4)
Settlements, net	(18)	(4)	0	(16)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Ending Balance	216	150	216	150
Unrealized Gains (Losses) Still Held - Assets	22	0	52	54
Unrealized Gains (Losses) Still Held, Assets, OCI	$ 0	$ 0	$ 0	$ 0

Fair Value Disclosures - Quanti

Fair Value Disclosures - Quantitative Information about Recurring Level 3 Fair Value Measurements (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Mortgage Loans [Abstract]
Mortgage loans held-for-sale	$ 8,353	$ 7,356
Mortgage loans FVO held-for-investment	2,371	1,806
Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale	4,257	4,890
Trading, at Fair Value:
Trading securities, at fair value	39,356	38,385
Mortgage Loans [Abstract]
Mortgage loans held-for-sale	8,353	7,356
Mortgage loans FVO held-for-investment	2,371	1,806
Other assets:
Guarantee Assets	5,289	5,351
Total Assets carried at fair value on a recurring basis	60,503	58,532
Liabilities [Abstract]
Total liabilities carried at fair value on a recurring basis	4,059	3,349
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale	588	678
Trading, at Fair Value:
Trading securities, at fair value	3,228	2,771
Mortgage Loans [Abstract]
Mortgage loans held-for-sale	735	896
Mortgage loans FVO held-for-investment	925	473
Other assets:
Guarantee Assets	5,289	5,351
Insignificant level3 assets	216	168
Total Assets carried at fair value on a recurring basis	10,981	10,337
Liabilities [Abstract]
Insignificant level3 liabilities	180	496
Total liabilities carried at fair value on a recurring basis	180	496
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Median of external sources
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale	444	489
Trading, at Fair Value:
Trading securities, at fair value	834
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Single External Source
Trading, at Fair Value:
Trading securities, at fair value	2,020	2,085
Mortgage Loans [Abstract]
Mortgage loans held-for-sale	735	896
Mortgage loans FVO held-for-investment	925	473
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Discounted Cash Flows
Other assets:
Guarantee Assets	4,967	5,014
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale	144	189
Trading, at Fair Value:
Trading securities, at fair value	374	686
Other assets:
Guarantee Assets	$ 322	$ 337
Fair Value, Measurements, Recurring | Available-for-sale securities | Fair Value, Inputs, Level 3 | Weighted Average | Median of external sources
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	65.2	66.7
Fair Value, Measurements, Recurring | Available-for-sale securities | Fair Value, Inputs, Level 3 | Minimum | Median of external sources
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	63.9	61.2
Fair Value, Measurements, Recurring | Available-for-sale securities | Fair Value, Inputs, Level 3 | Maximum | Median of external sources
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	70.5	71.6
Fair Value, Measurements, Recurring | Trading securities | Fair Value, Inputs, Level 3 | Weighted Average | Median of external sources
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	14.7
Fair Value, Measurements, Recurring | Trading securities | Fair Value, Inputs, Level 3 | Weighted Average | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	116.1	147.3
Fair Value, Measurements, Recurring | Trading securities | Fair Value, Inputs, Level 3 | Minimum | Median of external sources
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	14.1
Fair Value, Measurements, Recurring | Trading securities | Fair Value, Inputs, Level 3 | Minimum | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	0	0
Fair Value, Measurements, Recurring | Trading securities | Fair Value, Inputs, Level 3 | Maximum | Median of external sources
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	15.2
Fair Value, Measurements, Recurring | Trading securities | Fair Value, Inputs, Level 3 | Maximum | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	3,894.4	4,471.7
Fair Value, Measurements, Recurring | Mortgage loans held-for-sale | Fair Value, Inputs, Level 3 | Weighted Average | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	103.4	100.3
Fair Value, Measurements, Recurring | Mortgage loans held-for-sale | Fair Value, Inputs, Level 3 | Minimum | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	59.1	59.3
Fair Value, Measurements, Recurring | Mortgage loans held-for-sale | Fair Value, Inputs, Level 3 | Maximum | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	110.1	110.4
Fair Value, Measurements, Recurring | Mortgage loans held-for-investment | Fair Value, Inputs, Level 3 | Weighted Average | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	84.4	74.7
Fair Value, Measurements, Recurring | Mortgage loans held-for-investment | Fair Value, Inputs, Level 3 | Minimum | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	29.1	24.7
Fair Value, Measurements, Recurring | Mortgage loans held-for-investment | Fair Value, Inputs, Level 3 | Maximum | Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	102.7	99.2
Fair Value, Measurements, Recurring | Guarantee Asset | Fair Value, Inputs, Level 3 | Weighted Average | Discounted Cash Flows
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
OAS	0.47%	0.47%
Fair Value, Measurements, Recurring | Guarantee Asset | Fair Value, Inputs, Level 3 | Minimum | Discounted Cash Flows
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
OAS	0.17%	0.17%
Fair Value, Measurements, Recurring | Guarantee Asset | Fair Value, Inputs, Level 3 | Maximum | Discounted Cash Flows
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
OAS	2.33%	2.33%

Fair Value Disclosures - Asse_2

Fair Value Disclosures - Assets Measured at Fair Value on a Non-Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	$ 2,371	$ 1,806
Fair Value, Measurements, Nonrecurring
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	1,196	2,218
Fair Value, Measurements, Nonrecurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	0	0
Fair Value, Measurements, Nonrecurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	246	640
Fair Value, Measurements, Nonrecurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	$ 950	$ 1,578

Fair Value Disclosures - Fair_2

Fair Value Disclosures - Fair Value Assets Measured on Nonrecurring Basis Valuation Techniques (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	$ 2,371	$ 1,806
Fair Value, Measurements, Nonrecurring
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	1,196	2,218
Fair Value, Measurements, Nonrecurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	950	1,578
Fair Value, Measurements, Nonrecurring | Level 3 | Mortgage loans | Median of external sources
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	757	1,394
Fair Value, Measurements, Nonrecurring | Level 3 | Mortgage loans | Other Valuation Techniques
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans held-for-investment, fair value	$ 193	$ 184
Fair Value, Measurements, Nonrecurring | Level 3 | Mortgage loans | Minimum | Median of external sources
Assets, Fair Value Disclosure [Abstract]
External Pricing Source(s)	78	72.9
Fair Value, Measurements, Nonrecurring | Level 3 | Mortgage loans | Maximum | Median of external sources
Assets, Fair Value Disclosure [Abstract]
External Pricing Source(s)	102.7	98.8
Fair Value, Measurements, Nonrecurring | Level 3 | Mortgage loans | Weighted Average | Median of external sources
Assets, Fair Value Disclosure [Abstract]
External Pricing Source(s)	86.4	82.4

Fair Value Disclosures - Fair_3

Fair Value Disclosures - Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Financial Assets
Securities Purchased under Agreements to Resell	$ 103,110	$ 95,148
Counterparty netting	(2,110)	(10,245)
Mortgage Loans [Abstract]
Mortgage Loans Held-for-sale	11,678	12,941
Mortgage loans held-for-investment (net of allowance for credit losses of $6,737 and $6,383 and includes $2,371 and $1,806 at fair value)	3,140,319	3,083,665
Mortgage Loans Net	3,151,997	3,096,606
Derivative Asset	594	486
Netting adjustments	(3,468)	(4,210)
Other Assets	6,166	6,095
Financial Liabilities
Debt	3,122	2,476
Counterparty netting	(2,110)	(10,245)
Derivative Liability	936	873
Netting Adjustment	(3,468)	(4,210)
Other Liabilities	11,704	16,096
Other Liabilities, Fair Value	937	873
Mortgage Loans held-for-investment, fair value	2,371	1,806
Held by Freddie Mac
Financial Liabilities
Debt	300	400
Held by consolidated trusts
Financial Assets
Securities Purchased under Agreements to Resell	13,429	9,396
Mortgage Loans [Abstract]
Mortgage loans held-for-investment (net of allowance for credit losses of $6,737 and $6,383 and includes $2,371 and $1,806 at fair value)	3,084,458	3,039,461
Financial Liabilities
Debt	2,800	2,100
GAAP Carrying Amount
Financial Assets
Cash and Cash Equivalents	4,857	6,019
Securities Purchased under Agreements to Resell	103,110	95,148
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	4,257	4,890
Trading, at fair value	39,356	38,385
Total investments in securities	43,613	43,275
Mortgage Loans [Abstract]
Mortgage Loans Held-for-sale	11,678	12,941
Mortgage loans held-for-investment (net of allowance for credit losses of $6,737 and $6,383 and includes $2,371 and $1,806 at fair value)	3,140,319	3,083,665
Mortgage Loans Net	3,151,997	3,096,606
Guarantee Assets	5,289	5,351
Derivative Asset	594	486
All Other Assets	2,804	2,107
Other Assets	8,687	7,944
Total Assets carried at fair value on a recurring basis	3,312,264	3,248,992
Financial Liabilities
Debt	3,265,267	3,208,346
Guarantee obligation	5,116	5,451
Derivative Liability	936	873
Other Liabilities	1	14
Other Liabilities, Fair Value	6,053	6,338
Total Financial Liabilities	3,271,320	3,214,684
GAAP Carrying Amount | Held by Freddie Mac
Financial Liabilities
Debt	173,127	166,419
GAAP Carrying Amount | Held by consolidated trusts
Financial Liabilities
Debt	3,092,140	3,041,927
GAAP Carrying Amount | AmortizedCost
Financial Liabilities
Debt	3,300,000	3,200,000
Mortgage Loans held-for-investment, fair value	3,100,000	3,100,000
GAAP Carrying Amount | Lower Of Cost Or Fair Value
Financial Liabilities
Mortgage Loans held-for-investment, fair value	3,300	5,600
GAAP Carrying Amount | FV - NI
Financial Liabilities
Debt	3,100	2,500
Mortgage Loans held-for-investment, fair value	10,700	9,200
Fair Value
Financial Assets
Cash and Cash Equivalents	4,857	6,019
Securities Purchased under Agreements to Resell	103,110	95,148
Counterparty netting	(2,110)	(10,245)
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	4,257	4,890
Trading, at fair value	39,356	38,385
Total investments in securities	43,613	43,275
Mortgage Loans [Abstract]
Mortgage Loans Held-for-sale	11,905	13,144
Mortgage loans held-for-investment (net of allowance for credit losses of $6,737 and $6,383 and includes $2,371 and $1,806 at fair value)	2,834,470	2,721,004
Mortgage Loans Net	2,846,375	2,734,148
Guarantee Assets	5,291	5,353
Derivative Asset	594	486
Netting adjustments	(5,013)	(5,725)
All Other Assets	3,229	2,111
Other Assets	9,114	7,950
Total Asset Netting Adjustment	(7,123)	(15,970)
Total Assets carried at fair value on a recurring basis	3,007,069	2,886,540
Financial Liabilities
Debt	2,957,559	2,840,769
Counterparty netting	(2,110)	(10,245)
Guarantee obligation	6,591	6,126
Derivative Liability	936	873
Netting Adjustment	(5,722)	(7,798)
Other Liabilities	445	659
Other Liabilities, Fair Value	7,972	7,658
Total Liability Netting Adjustment	(7,832)	(18,043)
Total Financial Liabilities	2,965,531	2,848,427
Fair Value | Held by Freddie Mac
Financial Liabilities
Debt	174,101	167,023
Fair Value | Held by consolidated trusts
Financial Liabilities
Debt	2,783,458	2,673,746
Fair Value | Level 1
Financial Assets
Cash and Cash Equivalents	4,857	6,019
Securities Purchased under Agreements to Resell	0	0
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	0	0
Trading, at fair value	30,105	29,854
Total investments in securities	30,105	29,854
Mortgage Loans [Abstract]
Mortgage Loans Held-for-sale	0	0
Mortgage loans held-for-investment (net of allowance for credit losses of $6,737 and $6,383 and includes $2,371 and $1,806 at fair value)	0	0
Mortgage Loans Net	0	0
Guarantee Assets	0	0
Derivative assets, net	0	0
All Other Assets	0	0
Other Assets	0	0
Total Assets carried at fair value on a recurring basis	34,962	35,873
Financial Liabilities
Debt	0	0
Guarantee obligation	0	0
Derivative liabilities, net	1	0
Other Liabilities	0	0
Other Liabilities, Fair Value	1	0
Total Financial Liabilities	1	0
Fair Value | Level 1 | Held by Freddie Mac
Financial Liabilities
Debt	0	0
Fair Value | Level 1 | Held by consolidated trusts
Financial Liabilities
Debt	0	0
Fair Value | Level 2
Financial Assets
Cash and Cash Equivalents	0	0
Securities Purchased under Agreements to Resell	105,220	105,393
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	3,669	4,212
Trading, at fair value	6,023	5,760
Total investments in securities	9,692	9,972
Mortgage Loans [Abstract]
Mortgage Loans Held-for-sale	8,719	9,276
Mortgage loans held-for-investment (net of allowance for credit losses of $6,737 and $6,383 and includes $2,371 and $1,806 at fair value)	2,526,697	2,466,127
Mortgage Loans Net	2,535,416	2,475,403
Guarantee Assets	0	0
Derivative assets, net	5,569	6,209
All Other Assets	895	946
Other Assets	6,464	7,155
Total Assets carried at fair value on a recurring basis	2,656,792	2,597,923
Financial Liabilities
Debt	2,955,862	2,846,896
Guarantee obligation	99	103
Derivative liabilities, net	6,584	8,608
Other Liabilities	339	465
Other Liabilities, Fair Value	7,022	9,176
Total Financial Liabilities	2,962,884	2,856,072
Fair Value | Level 2 | Held by Freddie Mac
Financial Liabilities
Debt	172,794	173,877
Fair Value | Level 2 | Held by consolidated trusts
Financial Liabilities
Debt	2,783,068	2,673,019
Fair Value | Level 3
Financial Assets
Cash and Cash Equivalents	0	0
Securities Purchased under Agreements to Resell	0	0
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	588	678
Trading, at fair value	3,228	2,771
Total investments in securities	3,816	3,449
Mortgage Loans [Abstract]
Mortgage Loans Held-for-sale	3,186	3,868
Mortgage loans held-for-investment (net of allowance for credit losses of $6,737 and $6,383 and includes $2,371 and $1,806 at fair value)	307,773	254,877
Mortgage Loans Net	310,959	258,745
Guarantee Assets	5,291	5,353
Derivative assets, net	38	2
All Other Assets	2,334	1,165
Other Assets	7,663	6,520
Total Assets carried at fair value on a recurring basis	322,438	268,714
Financial Liabilities
Debt	3,807	4,118
Guarantee obligation	6,492	6,023
Derivative liabilities, net	73	63
Other Liabilities	106	194
Other Liabilities, Fair Value	6,671	6,280
Total Financial Liabilities	10,478	10,398
Fair Value | Level 3 | Held by Freddie Mac
Financial Liabilities
Debt	3,417	3,391
Fair Value | Level 3 | Held by consolidated trusts
Financial Liabilities
Debt	$ 390	$ 727

Fair Value Disclosures - Differ

Fair Value Disclosures - Difference between Fair Value and UPB for Certain Financial Instruments with Fair Value Option Elected (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Held-for-sale, at fair value	$ 8,353	$ 7,356
Loans Held For Investment Fair Value Disclosure	2,371	1,806
Other assets and other liabilities	106	95
Held by Freddie Mac
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	5	6
Debt, Fair Value	155	240
Debt, Unpaid Principal Balance, with Fair Value Option Elected	150	234
Held by consolidated trusts
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	(79)	(94)
Debt, Fair Value	2,447	1,705
Debt, Unpaid Principal Balance, with Fair Value Option Elected	2,526	1,799
Interest-Only | Held by consolidated trusts
Fair Value, Option, Quantitative Disclosures [Line Items]
Debt, Fair Value	500	500
Held-for-Sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	350	276
Loans, Unpaid Principal Balance, with Fair Value Elected	8,003	7,080
Mortgage loans held-for-investment
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	(272)	(289)
Loans, Unpaid Principal Balance, with Fair Value Elected	$ 2,643	$ 2,095

Fair Value Disclosures Fair Val

Fair Value Disclosures Fair Value Disclosures - Changes in Fair Value under the FVO option (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Mortgage loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ 267	$ (256)	$ 87	$ (379)
Mortgage loans held-for-investment
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	53	(20)	(4)	(24)
Debt | Held by Freddie Mac
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	13	(6)	18	13
Debt | Held by consolidated trusts
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	(6)	35	0	35
Other assets/other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ 230	$ (7)	$ 472	$ 47

Legal Contingencies (Details)

Legal Contingencies (Details) - USD ($) $ in Millions	Aug. 14, 2023	Nov. 07, 2022	Sep. 30, 2023
Loss Contingencies [Line Items]
Loss Contingency Accrual			$ (313)
Pending Litigation [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value		$ 832
Judicial Ruling [Member] | Junior Preferred Shareholder [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Value	$ 282
Judicial Ruling [Member] | Common Shareholder [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Value	$ 31

Regulatory Capital Table - ERCF

Regulatory Capital Table - ERCF Capital Requirements (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Compliance with Regulatory Capital Requirements - ERCF [Abstract]
Adjustedtotalassets	$ 3,772,000	$ 3,775,000
Risk-weighted assets (standardized approach)	1,046,000	1,009,000
Available Capital (Deficit) [Member]
Risk-based capital amounts [Abstract]
Total capital (statutory)	(9,000)	(18,000)
CET1 capital	(35,000)	(43,000)
Tier 1 capital	(21,000)	(29,000)
Adjusted total capital	$ (21,000)	$ (29,000)
Risk-based capital ratios [Abstract]
Total capital (statutory)	(0.90%)	(1.80%)
CET1 capital	(3.40%)	(4.30%)
Tier 1 capital	(2.00%)	(2.90%)
Adjusted total capital	(2.00%)	(2.90%)
Leverage capital amounts: [Abstract]
Core capital (statutory)	$ (16,000)	$ (25,000)
Tier 1 capital	$ (21,000)	$ (29,000)
Leverage capital ratios [Abstract]
Core capital (statutory)	(0.40%)	(0.70%)
Tier 1 capital	(0.60%)	(0.80%)
Minimum Capital Requirement [Member]
Risk-based capital amounts [Abstract]
Total capital (statutory)	$ 84,000	$ 81,000
CET1 capital	47,000	45,000
Tier 1 capital	63,000	60,000
Adjusted total capital	$ 84,000	$ 81,000
Risk-based capital ratios [Abstract]
Total capital (statutory)	8%	8%
CET1 capital	4.50%	4.50%
Tier 1 capital	6%	6%
Adjusted total capital	8%	8%
Leverage capital amounts: [Abstract]
Core capital (statutory)	$ 94,000	$ 95,000
Tier 1 capital	$ 94,000	$ 95,000
Leverage capital ratios [Abstract]
Core capital (statutory)	2.50%	2.50%
Tier 1 capital	2.50%	2.50%
Capital Requirement Including Buffer [Member]
Risk-based capital amounts [Abstract]
Total capital (statutory)	$ 84,000	$ 81,000
CET1 capital	104,000	96,000
Tier 1 capital	120,000	111,000
Adjusted total capital	$ 141,000	$ 132,000
Risk-based capital ratios [Abstract]
Total capital (statutory)	8%	8%
CET1 capital	9.90%	9.50%
Tier 1 capital	11.40%	11%
Adjusted total capital	13.40%	13%
Leverage capital amounts: [Abstract]
Core capital (statutory)	$ 94,000	$ 95,000
Tier 1 capital	$ 108,000	$ 106,000
Leverage capital ratios [Abstract]
Core capital (statutory)	2.50%	2.50%
Tier 1 capital	2.90%	2.80%