Federal Home Loan Mortgage (FMCC) 10-Q3 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2023	Apr. 11, 2023
Cover [Abstract]
Document Quarterly Report	true
Document Transition Report	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2023
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	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net interest income
Interest income	$ 24,987	$ 17,740
Interest expense	(20,486)	(13,636)
Net interest income	4,501	4,104
Non-interest income
Guarantee income	466	70
Investment gains, net	(225)	1,513
Other income	85	159
Non-interest income	326	1,742
Net revenues	4,827	5,846
(Provision) benefit for credit losses	(395)	837
Non-interest expense
Salaries and employee benefits	(374)	(356)
Credit enhancement expense	(530)	(459)
Benefit for (decrease in) credit enhancement recoveries	49	(17)
Legislative assessments expense	(735)	(759)
Other expense	(342)	(341)
Non-interest expense	(1,932)	(1,932)
Income before income tax expense	2,500	4,751
Income tax expense	(505)	(953)
Net income	1,995	3,798
Other comprehensive income (loss), net of taxes and reclassification adjustments
Other comprehensive income (loss), net of taxes and reclassification adjustments	54	(120)
Comprehensive income	2,049	3,678
Net income	1,995	3,798
Amounts attributable to senior preferred stock	(2,049)	(3,678)
Net income attributable to common stockholders	$ (54)	$ 120
Net income (loss) per common share - basic (in dollars per share)	$ (0.02)	$ 0.04
Net income (loss) per common share - diluted (in dollars per share)	$ (0.02)	$ 0.04
Weighted average common shares outstanding - basic (in shares)	3,234,000	3,234,000
Weighted average common shares outstanding - diluted (in shares)	3,234,000	3,234,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets [Abstract]
Cash and cash equivalents (includes $834 and $707 of restricted cash and cash equivalents)	$ 5,873	$ 6,360
Securities purchased under agreements to resell	108,036	87,295
Investments in securities, at fair value	37,712	38,701
Mortgage loans held-for-sale (includes $2,926 and $3,218 at fair value)	12,782	12,197
Mortgage loans held-for-investment (net of allowance for credit losses of $7,835 and $7,391 and includes $1,238 and $1,214 at fair value)	3,024,249	3,022,318
Accrued interest receivable, net	8,662	8,529
Deferred tax assets, net	5,329	5,777
Other assets (includes $5,982 and $5,890 at fair value)	22,337	27,156
Total assets	3,224,980	3,208,333
Liabilities
Accrued interest payable	7,507	7,309
Debt (includes $2,811 and $3,047 at fair value)	3,167,514	3,145,832
Other liabilities (includes $894 and $759 at fair value)	10,892	18,174
Total liabilities	3,185,913	3,171,315
Equity
Senior preferred stock (liquidation preference of $109,666 and $107,878)	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	(43,671)	(45,666)
AOCI, net of taxes, related to:
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax	(32)	(84)
Accumulated Other Comprehensive (Income) Loss, Other, after Tax	(102)	(104)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total	(134)	(188)
Treasury stock, at cost, 75,804,333 shares	(3,885)	(3,885)
Total equity	39,067	37,018
Total liabilities and equity	3,224,980	3,208,333
Held by consolidated trusts
Assets [Abstract]
Cash and cash equivalents (includes $834 and $707 of restricted cash and cash equivalents)	741	611
Securities purchased under agreements to resell	10,881	9,703
Investments in securities, at fair value	113	126
Mortgage loans held-for-investment (net of allowance for credit losses of $7,835 and $7,391 and includes $1,238 and $1,214 at fair value)	2,977,998	2,971,601
Accrued interest receivable, net	8,083	7,944
Other assets (includes $5,982 and $5,890 at fair value)	5,925	5,019
Total assets	3,003,741	2,995,004
Liabilities
Accrued interest payable	6,779	6,619
Debt (includes $2,811 and $3,047 at fair value)	2,987,050	2,979,070
Total liabilities	$ 2,993,829	$ 2,985,689

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets [Abstract]
Restricted cash and cash equivalents	$ 834	$ 707
Mortgage loans held-for-sale, fair value	2,926	3,218
Mortgage Loans	1,238	1,214
Allowance for credit losses	7,835	7,391
Other assets, fair value	5,982	5,890
Equity
Senior preferred stock, liquidation preference	$ 109,666	$ 107,878
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	$ 2,811	$ 3,047
Other Liabilities, Fair Value	$ 894	$ 759
Treasury Stock, Common, Shares	75,804,333	75,804,333
Held by consolidated trusts
Assets [Abstract]
Restricted cash and cash equivalents	$ 740	$ 610
Liabilities [Abstract]
Debt instrument recorded at fair value	$ 2,100	$ 1,900

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, 2021	$ 28,033	$ 72,648	$ 14,109	$ 0	$ (54,993)	$ 154	$ (3,885)
Beginning balance (in shares) at Dec. 31, 2021		1	464	650
Comprehensive income:
Net income	3,798				3,798
OCI, Debt Securities, Available-for-Sale, Gain (Loss), before Adjustment, after Tax	(123)					(123)
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	1					1
Other Comprehensive Income (Loss), Other, Net of Tax, Portion Attributable to Parent	2					2
Comprehensive income	3,678				3,798	(120)
Ending balance at Mar. 31, 2022	31,711	$ 72,648	$ 14,109	$ 0	(51,195)	34	(3,885)
Ending balance (in shares) at Mar. 31, 2022		1	464	650
Comprehensive income:
Changes in net unrealized gains (losses) on available-for-sale securities, taxes	33
Reclassification adjustment for gains on available-for-sale securities included in net income, taxes	0
Other, taxes	1
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	1,995				1,995
OCI, Debt Securities, Available-for-Sale, Gain (Loss), before Adjustment, after Tax	52					52
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	0					0
Other Comprehensive Income (Loss), Other, Net of Tax, Portion Attributable to Parent	2					2
Comprehensive income	2,049				1,995	54
Ending balance at Mar. 31, 2023	39,067	$ 72,648	$ 14,109	$ 0	$ (43,671)	$ (134)	$ (3,885)
Ending balance (in shares) at Mar. 31, 2023		1	464	650
Comprehensive income:
Changes in net unrealized gains (losses) on available-for-sale securities, taxes	14
Reclassification adjustment for gains on available-for-sale securities included in net income, taxes	0
Other, taxes	$ 1

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net cash provided by (used in) operating activities	$ 3,435	$ 3,749
Cash flows from investing activities
Purchases	(39,052)	(42,254)
Proceeds from sales	34,919	40,122
Proceeds from maturities and repayments	5,464	1,833
Purchases	(19,991)	(53,755)
Proceeds from sales	1,661	329
Proceeds from repayments	55,034	116,023
Advances	(22,317)	(62,351)
Proceeds from repayments	1	238
Net (increase) decrease in securities purchased under agreements to resell	(13,353)	(2,341)
Cash flows related to derivatives	61	826
Other, net	(113)	(141)
Net cash provided by (used in) investing activities	2,314	(1,471)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Net increase (decrease) in securities sold under agreements to repurchase	(7,339)	3,927
Other, net	(3)	(2)
Net cash provided by (used in) financing activities	(6,236)	(1,902)
Net increase (decrease) in cash and cash equivalents (includes restricted cash and cash equivalents)	(487)	376
Cash and cash equivalents (includes restricted cash and cash equivalents) at the beginning of year	6,360	10,150
Cash and cash equivalents (includes restricted cash and cash equivalents) at end of period	5,873	10,526
Cash paid for:
Debt interest	20,806	17,996
Income taxes	0	0
Held by consolidated trusts
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from issuance	44,187	136,361
Repayments and redemptions	(55,197)	(128,700)
Cash and cash equivalents (includes restricted cash and cash equivalents) at the beginning of year	611
Cash and cash equivalents (includes restricted cash and cash equivalents) at end of period	741
Held by Freddie Mac
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from issuance	64,864	7,361
Repayments and redemptions	$ (52,748)	$ (20,849)

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Changes in net unrealized gains (losses) on available-for-sale securities, taxes	$ 14	$ 33
Reclassification adjustment for gains on available-for-sale securities included in net income, taxes	0	0
Other, taxes	$ 1	$ 1

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2023
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 2022 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 2022 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 2022 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. Recently Issued Accounting Guidance Recently Adopted Accounting Guidance Standard Description Date of Effect on Consolidated Financial Statements ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method The amendments in this Update provide clarifications of the guidance in ASC Topic 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets. The Update amends the guidance in ASU 2017-12 that, among other things, establishes the "last-of-layer" method for making the fair value hedge accounting for these portfolios more accessible by allowing the entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and nonprepayable financial assets. The Update provides additional guidance on the accounting for and disclosure of hedge basis adjustments that are applicable to the portfolio layer method. January 1, 2023 The adoption of these amendments did not have a material effect on our consolidated financial statements. We adopted the guidance in this Update related to disclosures on a prospective basis. ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures The amendments in this Update require disclosure of current period gross write-offs by year of origination for financing receivables within the scope of ASC Subtopic 326-20. January 1, 2023 for the amendments related to disclosure of gross write-offs by year of origination. The adoption of these amendments did not have a material effect on our consolidated financial statements. See Note 3 for additional disclosure of gross write-offs by year of origination. Recently Issued Accounting Guidance, Not Yet Adopted Within Our Consolidated Financial Statements 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 We do not expect the adoption of these amendments to have a material effect on our consolidated financial statements.

Securitization Activities and C

Securitization Activities and Consolidation	3 Months Ended
Securitization Activities and Consolidation	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Securitization Activities and Consolidation	Securitizations and Variable Interest Entities Nonconsolidated VIEs The following table 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 March 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 $952 $178 $430 $31,139 $25,329 Resecuritization products (2) 5,800 64 587 116,807 116,807 CRT products (3) — 211 104 30,701 117 Total Single-Family 6,752 453 1,121 178,647 142,253 Multifamily: Securitization products (4) 7,641 4,903 4,783 357,747 316,606 CRT products (3) — 2 4 1,065 — Total Multifamily 7,641 4,905 4,787 358,812 316,606 Other — 8 5 166 440 Total $14,393 $5,366 $5,913 $537,625 $459,299 Referenced footnotes are included after the prior period table. December 31, 2022 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 $965 $175 $436 $31,614 $25,772 Resecuritization products (2) 5,092 61 659 119,267 119,267 CRT products (3) — 197 52 30,549 105 Total Single-Family 6,057 433 1,147 181,430 145,144 Multifamily: Securitization products (4) 7,808 4,931 4,920 360,869 319,117 CRT products (3) — 2 2 972 — Total Multifamily 7,808 4,933 4,922 361,841 319,117 Other — 8 5 185 435 Total $13,865 $5,374 $6,074 $543,456 $464,696 (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 $0.1 billion as of both March 31, 2023 and December 31, 2022, 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. We also have exposure to loss from 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. (4) Includes total assets of $0.7 billion and $0.4 billion as of March 31, 2023 and December 31, 2022, respectively, related to VIEs in which our interest would no longer absorb significant variability as the guaranteed securities have completely paid off.

Mortgage Loans

Mortgage Loans	3 Months Ended
Mortgage Loans	Mar. 31, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Mortgage Loans	60 to 80 11,184 162,441 415,109 184,807 27,759 17,233 818,533 > 80 to 90 6,522 86,335 82,824 5,149 579 568 181,977 > 90 to 100 10,477 86,541 12,317 391 59 152 109,937 > 100 5 6,027 211 6 5 151 6,405 Total 20- and 30-year or more, amortizing fixed-rate 32,253 410,477 905,523 674,321 115,218 454,875 2,592,667 Current-period gross write-offs (1) — 3 8 2 1 12 26 15-year or less, amortizing fixed-rate ≤ 60 561 17,299 119,253 106,899 14,068 69,206 327,286 > 60 to 80 639 12,575 18,425 1,938 103 26 33,706 > 80 to 90 123 1,500 275 6 — 1 1,905 > 90 to 100 69 462 5 — — 1 537 > 100 — 12 — — — 1 13 Total 15-year or less, amortizing fixed-rate 1,392 31,848 137,958 108,843 14,171 69,235 363,447 Current-period gross write-offs (1) — — — — — 1 1 Adjustable-rate and other ≤ 60 74 1,312 2,779 1,498 615 14,915 21,193 > 60 to 80 269 2,391 1,873 200 69 447 5,249 > 80 to 90 211 1,251 173 5 2 35 1,677 > 90 to 100 207 912 13 — — 16 1,148 > 100 — 71 — — — 8 79 Total adjustable-rate and other 761 5,937 4,838 1,703 686 15,421 29,346 Current-period gross write-offs (1) — — — — — 5 5 Total for all loan product types by current LTV ratio: ≤ 60 $4,700 $87,744 $517,094 $592,365 $101,499 $520,892 $1,824,294 > 60 to 80 12,092 177,407 435,407 186,945 27,931 17,706 857,488 > 80 to 90 6,856 89,086 83,272 5,160 581 604 185,559 > 90 to 100 10,753 87,915 12,335 391 59 169 111,622 > 100 5 6,110 211 6 5 160 6,497 Total Single-Family loans $34,406 $448,262 $1,048,319 $784,867 $130,075 $539,531 $2,985,460 Total current-period gross write-offs (1) $— $3 $8 $2 $1 $18 $32 December 31, 2022 Year of Origination Total (In millions) 2022 2021 2020 2019 2018 Prior Current LTV ratio: 20- and 30-year or more, amortizing fixed-rate ≤ 60 $66,153 $394,498 $489,315 $87,188 $38,955 $407,819 $1,483,928 > 60 to 80 158,421 424,141 190,167 28,991 7,870 10,426 820,016 > 80 to 90 79,901 90,006 4,405 569 164 419 175,464 > 90 to 100 86,109 8,911 397 56 24 143 95,640 > 100 2,568 49 6 6 5 156 2,790 Total 20- and 30-year or more, amortizing fixed-rate 393,152 917,605 684,290 116,810 47,018 418,963 2,577,838 15-year or less, amortizing fixed-rate ≤ 60 16,752 119,379 109,685 14,606 5,578 68,240 334,240 > 60 to 80 13,042 22,007 2,503 132 16 16 37,716 > 80 to 90 1,601 368 7 — — 1 1,977 > 90 to 100 570 5 — — — 1 576 > 100 3 — — — — 1 4 Total 15-year or less, amortizing fixed-rate 31,968 141,759 112,195 14,738 5,594 68,259 374,513 Adjustable-rate and other ≤ 60 1,255 2,779 1,524 634 428 15,139 21,759 > 60 to 80 2,322 1,956 214 76 28 445 5,041 > 80 to 90 1,127 186 5 1 1 34 1,354 > 90 to 100 836 11 — — — 14 861 > 100 26 — — — — 9 35 Total adjustable-rate and other 5,566 4,932 1,743 711 457 15,641 29,050 Total for all loan product types by current LTV ratio: ≤ 60 $84,160 $516,656 $600,524 $102,428 $44,961 $491,198 $1,839,927 > 60 to 80 173,785 448,104 192,884 29,199 7,914 10,887 862,773 > 80 to 90 82,629 90,560 4,417 570 165 454 178,795 > 90 to 100 87,515 8,927 397 56 24 158 97,077 > 100 2,597 49 6 6 5 166 2,829 Total Single-Family loans $430,686 $1,064,296 $798,228 $132,259 $53,069 $502,863 $2,981,401 (1) Excludes write-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 March 31, 2023 Year of Origination Total (In millions) 2023 2022 2021 2020 2019 Prior Revolving Loans Category: Pass $1,588 $18,854 $7,733 $6,479 $4,810 $3,660 $2,242 $45,366 Special mention — — 39 73 190 17 — 319 Substandard — — 78 75 27 199 — 379 Doubtful — — — — — — — — Total $1,588 $18,854 $7,850 $6,627 $5,027 $3,876 $2,242 $46,064 December 31, 2022 Year of Origination Total (In millions) 2022 2021 2020 2019 2018 Prior Revolving Loans Category: Pass $21,854 $7,638 $6,546 $4,784 $1,077 $2,646 $1,924 $46,469 Special mention — 39 65 232 7 113 — 456 Substandard — 1 3 27 7 131 — 169 Doubtful — — — — — — — — Total $21,854 $7,678 $6,614 $5,043 $1,091 $2,890 $1,924 $47,094 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 March 31, 2023 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure (1) Total Three Months or More Past Due, and Accruing Interest Non-Accrual With No Allowance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,560,613 $16,017 $4,017 $12,020 $2,592,667 $3,053 $499 15-year or less, amortizing fixed-rate 361,524 1,131 214 578 363,447 157 7 Adjustable-rate and other 28,650 279 75 342 29,346 28 59 Total Single-Family 2,950,787 17,427 4,306 12,940 2,985,460 3,238 565 Total Multifamily 46,008 13 2 41 46,064 — — Total Single-Family and Multifamily $2,996,795 $17,440 $4,308 $12,981 $3,031,524 $3,238 $565 Referenced footnotes are included after the prior period table. December 31, 2022 (In millions) Current One Two Three Months or (1) Total Three Months or More Past Due, and Accruing Interest Non-Accrual with No Allowance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,541,057 $19,820 $4,603 $12,358 $2,577,838 $3,432 $522 15-year or less, amortizing fixed-rate 372,065 1,590 250 608 374,513 191 9 Adjustable-rate and other 28,262 325 88 375 29,050 30 67 Total Single-Family 2,941,384 21,735 4,941 13,341 2,981,401 3,653 598 Total Multifamily 47,039 13 — 42 47,094 — 42 Total Single-Family and Multifamily $2,988,423 $21,748 $4,941 $13,383 $3,028,495 $3,653 $640 (1) Includes $1.9 billion and $1.6 billion of single-family loans that were in the process of foreclosure as of March 31, 2023 and December 31, 2022, respectively. (2) Loans with no allowance for loan losses primarily represent those loans that were previously charged off and therefore the collateral value 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 accrued interest receivable and 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. For purposes of the disclosure related to single-family loan restructurings involving borrowers experiencing financial difficulty, we exclude loans that were held-for-sale either at the time of restructuring or at the period end. 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. The amortized cost basis of loans in trial period modification plans was $1.8 billion and $3.1 billion as of March 31, 2023 and March 31, 2022, respectively . Most of these loans are 20- and 30-year or more, amortizing fixed-rate loans . Table 3.9 - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (1) 1Q 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 $6,357 $1,037 $86 $7,480 0.3 % 15-year or less, amortizing fixed-rate 332 19 1 352 0.1 Adjustable-rate and other 76 13 4 93 0.3 Total Single-Family loan restructurings $6,765 $1,069 $91 $7,925 0.3 1Q 2022 (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 $9,133 $683 $2,948 $12,764 0.5 % 15-year or less, amortizing fixed-rate 596 15 55 666 0.2 Adjustable-rate and other 212 15 78 305 1.1 Total Single-Family loan restructurings $9,941 $713 $3,081 $13,735 0.5 Referenced footnotes are on the next page. (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. (2) Includes $2.7 billion and $5.1 billion related to payment deferral plans for 1Q 2023 and 1Q 2022, 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) 1Q 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 0.9 % 180 $16 15-year or less, amortizing fixed-rate 0.4 354 16 Adjustable-rate and other 2.0 206 19 1Q 2022 (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 1.6 % 186 $24 15-year or less, amortizing fixed-rate 0.8 366 25 Adjustable-rate and other 2.2 226 27 (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. Since we adopted ASU 2022-02 prospectively, single-family held-for-investment loans that were restructured prior to January 1, 2022, the date we adopted such guidance, have been excluded from the disclosures related to loan restructurings. Table 3.11 - Subsequent Defaults of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty (1) 1Q 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 $704 $175 $206 $1,085 15-year or less, amortizing fixed-rate 32 — — 32 Adjustable-rate and other 10 2 5 17 Total Single-Family $746 $177 $211 $1,134 Referenced footnote is included after the prior period table. 1Q 2022 (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 $391 $7 $7 $405 15-year or less, amortizing fixed-rate 28 — — 28 Adjustable-rate and other 16 — — 16 Total Single-Family $435 $7 $7 $449 (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 March 31, 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 $16,491 $2,381 $1,572 $6,642 $27,086 15-year or less, amortizing fixed-rate 670 98 71 310 1,149 Adjustable-rate and other 227 33 17 115 392 Total Single-Family $17,388 $2,512 $1,660 $7,067 $28,627 March 31, 2022 (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 $7,887 $1,486 $1,359 $2,032 $12,764 15-year or less, amortizing fixed-rate 380 89 88 109 666 Adjustable-rate and other 191 19 16 79 305 Total Single-Family $8,458 $1,594 $1,463 $2,220 $13,735 " id="sjs-B4" xml:space="preserve">Mortgage Loans The table below provides details of the loans on our condensed consolidated balance sheets. Table 3.1 - Mortgage Loans March 31, 2023 December 31, 2022 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Held-for-sale UPB $3,373 $10,255 $13,628 $3,564 $9,544 $13,108 Cost basis and fair value adjustments, net (675) (171) (846) (696) (215) (911) Total held-for-sale loans, net 2,698 10,084 12,782 2,868 9,329 12,197 Held-for-investment UPB 2,944,949 47,353 2,992,302 2,941,505 48,379 2,989,884 Cost basis and fair value adjustments, net (1) 39,833 (51) 39,782 39,896 (71) 39,825 Allowance for credit losses (7,675) (160) (7,835) (7,314) (77) (7,391) Total held-for-investment loans, net (2) 2,977,107 47,142 3,024,249 2,974,087 48,231 3,022,318 Total mortgage loans, net $2,979,805 $57,226 $3,037,031 $2,976,955 $57,560 $3,034,515 (1) Includes ($0.7) billion of basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method hedge relationships as of March 31, 2023. (2) Includes $1.2 billion of multifamily held-for-investment loans for which we have elected the fair value option as of both March 31, 2023 and December 31, 2022 . For the purposes of certain single-family mortgage loan disclosures below, we present loans by class of financing receivable type. Financing receivable classes used for disclosure consist of: "20- and 30-year or more, amortizing fixed-rate," "15-year or less, amortizing fixed-rate," and "adjustable-rate and other." The "other" class consists of Alt-A, interest-only, and option ARM loans. 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) 1Q 2023 1Q 2022 Single-Family: Purchases: Held-for-investment loans $58,965 $206,935 Sales of held-for-sale loans (1) — 15 Multifamily: Purchases: Held-for-investment loans 3,349 2,565 Held-for-sale loans 2,695 12,267 Sales of held-for-sale loans (2) 6,150 14,292 (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) 1Q 2023 1Q 2022 (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 $— $— $— $248 $— $— Held-for-sale to held-for-investment (2) 48 4 4 62 (3) — Multifamily reclassifications from: Held-for-investment to held-for-sale 4,731 1 (27) 315 — — Held-for-sale to held-for-investment (2) 561 — 16 246 — — (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 Non-Accrual Amortized Cost Basis Interest Income Recognized (1) (In millions) December 31, 2022 March 31, 2023 1Q 2023 Single-Family: 20- and 30-year or more, amortizing fixed-rate $9,307 $9,348 $28 15-year or less, amortizing fixed-rate 427 434 1 Adjustable-rate and other 361 332 1 Total Single-Family 10,095 10,114 30 Total Multifamily 42 41 1 Total Single-Family and Multifamily $10,137 $10,155 $31 Non-Accrual Amortized Cost Basis Interest Income Recognized (1) (In millions) December 31, 2021 March 31, 2022 1Q 2022 Single-Family: 20- and 30-year or more, amortizing fixed-rate $17,013 $13,831 $49 15-year or less, amortizing fixed-rate 844 684 1 Adjustable-rate and other 793 580 1 Total Single-Family 18,650 15,095 51 Total Multifamily — 42 — Total Single-Family and Multifamily $18,650 $15,137 $51 (1) 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, net 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, Net and Related Charge-Offs Accrued Interest Receivable, Net Accrued Interest Receivable Related Charge-Offs (In millions) March 31, 2023 December 31, 2022 1Q 2023 1Q 2022 Single-Family loans $8,090 $7,967 ($48) ($87) Multifamily loans 228 220 — — 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 (outside of our relief refinance programs) 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. For reporting purposes: n Alt-A loans continue to be presented in the "adjustable-rate and other" category following modification, even though the borrower may have provided full documentation of assets and income to complete the modification and n Option ARM loans continue to be presented in the "adjustable-rate and other" category following modification, even though the modified loan no longer provides for optional payment provisions. Table 3.6 - Amortized Cost Basis of Single-Family Held-for-Investment Loans by Current LTV Ratio and Vintage March 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 $4,065 $69,133 $395,062 $483,968 $86,816 $436,771 $1,475,815 > 60 to 80 11,184 162,441 415,109 184,807 27,759 17,233 818,533 > 80 to 90 6,522 86,335 82,824 5,149 579 568 181,977 > 90 to 100 10,477 86,541 12,317 391 59 152 109,937 > 100 5 6,027 211 6 5 151 6,405 Total 20- and 30-year or more, amortizing fixed-rate 32,253 410,477 905,523 674,321 115,218 454,875 2,592,667 Current-period gross write-offs (1) — 3 8 2 1 12 26 15-year or less, amortizing fixed-rate ≤ 60 561 17,299 119,253 106,899 14,068 69,206 327,286 > 60 to 80 639 12,575 18,425 1,938 103 26 33,706 > 80 to 90 123 1,500 275 6 — 1 1,905 > 90 to 100 69 462 5 — — 1 537 > 100 — 12 — — — 1 13 Total 15-year or less, amortizing fixed-rate 1,392 31,848 137,958 108,843 14,171 69,235 363,447 Current-period gross write-offs (1) — — — — — 1 1 Adjustable-rate and other ≤ 60 74 1,312 2,779 1,498 615 14,915 21,193 > 60 to 80 269 2,391 1,873 200 69 447 5,249 > 80 to 90 211 1,251 173 5 2 35 1,677 > 90 to 100 207 912 13 — — 16 1,148 > 100 — 71 — — — 8 79 Total adjustable-rate and other 761 5,937 4,838 1,703 686 15,421 29,346 Current-period gross write-offs (1) — — — — — 5 5 Total for all loan product types by current LTV ratio: ≤ 60 $4,700 $87,744 $517,094 $592,365 $101,499 $520,892 $1,824,294 > 60 to 80 12,092 177,407 435,407 186,945 27,931 17,706 857,488 > 80 to 90 6,856 89,086 83,272 5,160 581 604 185,559 > 90 to 100 10,753 87,915 12,335 391 59 169 111,622 > 100 5 6,110 211 6 5 160 6,497 Total Single-Family loans $34,406 $448,262 $1,048,319 $784,867 $130,075 $539,531 $2,985,460 Total current-period gross write-offs (1) $— $3 $8 $2 $1 $18 $32 December 31, 2022 Year of Origination Total (In millions) 2022 2021 2020 2019 2018 Prior Current LTV ratio: 20- and 30-year or more, amortizing fixed-rate ≤ 60 $66,153 $394,498 $489,315 $87,188 $38,955 $407,819 $1,483,928 > 60 to 80 158,421 424,141 190,167 28,991 7,870 10,426 820,016 > 80 to 90 79,901 90,006 4,405 569 164 419 175,464 > 90 to 100 86,109 8,911 397 56 24 143 95,640 > 100 2,568 49 6 6 5 156 2,790 Total 20- and 30-year or more, amortizing fixed-rate 393,152 917,605 684,290 116,810 47,018 418,963 2,577,838 15-year or less, amortizing fixed-rate ≤ 60 16,752 119,379 109,685 14,606 5,578 68,240 334,240 > 60 to 80 13,042 22,007 2,503 132 16 16 37,716 > 80 to 90 1,601 368 7 — — 1 1,977 > 90 to 100 570 5 — — — 1 576 > 100 3 — — — — 1 4 Total 15-year or less, amortizing fixed-rate 31,968 141,759 112,195 14,738 5,594 68,259 374,513 Adjustable-rate and other ≤ 60 1,255 2,779 1,524 634 428 15,139 21,759 > 60 to 80 2,322 1,956 214 76 28 445 5,041 > 80 to 90 1,127 186 5 1 1 34 1,354 > 90 to 100 836 11 — — — 14 861 > 100 26 — — — — 9 35 Total adjustable-rate and other 5,566 4,932 1,743 711 457 15,641 29,050 Total for all loan product types by current LTV ratio: ≤ 60 $84,160 $516,656 $600,524 $102,428 $44,961 $491,198 $1,839,927 > 60 to 80 173,785 448,104 192,884 29,199 7,914 10,887 862,773 > 80 to 90 82,629 90,560 4,417 570 165 454 178,795 > 90 to 100 87,515 8,927 397 56 24 158 97,077 > 100 2,597 49 6 6 5 166 2,829 Total Single-Family loans $430,686 $1,064,296 $798,228 $132,259 $53,069 $502,863 $2,981,401 (1) Excludes write-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 March 31, 2023 Year of Origination Total (In millions) 2023 2022 2021 2020 2019 Prior Revolving Loans Category: Pass $1,588 $18,854 $7,733 $6,479 $4,810 $3,660 $2,242 $45,366 Special mention — — 39 73 190 17 — 319 Substandard — — 78 75 27 199 — 379 Doubtful — — — — — — — — Total $1,588 $18,854 $7,850 $6,627 $5,027 $3,876 $2,242 $46,064 December 31, 2022 Year of Origination Total (In millions) 2022 2021 2020 2019 2018 Prior Revolving Loans Category: Pass $21,854 $7,638 $6,546 $4,784 $1,077 $2,646 $1,924 $46,469 Special mention — 39 65 232 7 113 — 456 Substandard — 1 3 27 7 131 — 169 Doubtful — — — — — — — — Total $21,854 $7,678 $6,614 $5,043 $1,091 $2,890 $1,924 $47,094 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 March 31, 2023 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure (1) Total Three Months or More Past Due, and Accruing Interest Non-Accrual With No Allowance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,560,613 $16,017 $4,017 $12,020 $2,592,667 $3,053 $499 15-year or less, amortizing fixed-rate 361,524 1,131 214 578 363,447 157 7 Adjustable-rate and other 28,650 279 75 342 29,346 28 59 Total Single-Family 2,950,787 17,427 4,306 12,940 2,985,460 3,238 565 Total Multifamily 46,008 13 2 41 46,064 — — Total Single-Family and Multifamily $2,996,795 $17,440 $4,308 $12,981 $3,031,524 $3,238 $565 Referenced footnotes are included after the prior period table. December 31, 2022 (In millions) Current One Two Three Months or (1) Total Three Months or More Past Due, and Accruing Interest Non-Accrual with No Allowance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,541,057 $19,820 $4,603 $12,358 $2,577,838 $3,432 $522 15-year or less, amortizing fixed-rate 372,065 1,590 250 608 374,513 191 9 Adjustable-rate and other 28,262 325 88 375 29,050 30 67 Total Single-Family 2,941,384 21,735 4,941 13,341 2,981,401 3,653 598 Total Multifamily 47,039 13 — 42 47,094 — 42 Total Single-Family and Multifamily $2,988,423 $21,748 $4,941 $13,383 $3,028,495 $3,653 $640 (1) Includes $1.9 billion and $1.6 billion of single-family loans that were in the process of foreclosure as of March 31, 2023 and December 31, 2022, respectively. (2) Loans with no allowance for loan losses primarily represent those loans that were previously charged off and therefore the collateral value 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 accrued interest receivable and 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. For purposes of the disclosure related to single-family loan restructurings involving borrowers experiencing financial difficulty, we exclude loans that were held-for-sale either at the time of restructuring or at the period end. 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. The amortized cost basis of loans in trial period modification plans was $1.8 billion and $3.1 billion as of March 31, 2023 and March 31, 2022, respectively . Most of these loans are 20- and 30-year or more, amortizing fixed-rate loans . Table 3.9 - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (1) 1Q 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 $6,357 $1,037 $86 $7,480 0.3 % 15-year or less, amortizing fixed-rate 332 19 1 352 0.1 Adjustable-rate and other 76 13 4 93 0.3 Total Single-Family loan restructurings $6,765 $1,069 $91 $7,925 0.3 1Q 2022 (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 $9,133 $683 $2,948 $12,764 0.5 % 15-year or less, amortizing fixed-rate 596 15 55 666 0.2 Adjustable-rate and other 212 15 78 305 1.1 Total Single-Family loan restructurings $9,941 $713 $3,081 $13,735 0.5 Referenced footnotes are on the next page. (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. (2) Includes $2.7 billion and $5.1 billion related to payment deferral plans for 1Q 2023 and 1Q 2022, 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) 1Q 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 0.9 % 180 $16 15-year or less, amortizing fixed-rate 0.4 354 16 Adjustable-rate and other 2.0 206 19 1Q 2022 (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 1.6 % 186 $24 15-year or less, amortizing fixed-rate 0.8 366 25 Adjustable-rate and other 2.2 226 27 (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. Since we adopted ASU 2022-02 prospectively, single-family held-for-investment loans that were restructured prior to January 1, 2022, the date we adopted such guidance, have been excluded from the disclosures related to loan restructurings. Table 3.11 - Subsequent Defaults of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty (1) 1Q 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 $704 $175 $206 $1,085 15-year or less, amortizing fixed-rate 32 — — 32 Adjustable-rate and other 10 2 5 17 Total Single-Family $746 $177 $211 $1,134 Referenced footnote is included after the prior period table. 1Q 2022 (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 $391 $7 $7 $405 15-year or less, amortizing fixed-rate 28 — — 28 Adjustable-rate and other 16 — — 16 Total Single-Family $435 $7 $7 $449 (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 March 31, 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 $16,491 $2,381 $1,572 $6,642 $27,086 15-year or less, amortizing fixed-rate 670 98 71 310 1,149 Adjustable-rate and other 227 33 17 115 392 Total Single-Family $17,388 $2,512 $1,660 $7,067 $28,627 March 31, 2022 (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 $7,887 $1,486 $1,359 $2,032 $12,764 15-year or less, amortizing fixed-rate 380 89 88 109 666 Adjustable-rate and other 191 19 16 79 305 Total Single-Family $8,458 $1,594 $1,463 $2,220 $13,735

Guarantees and Other Off-Balanc

Guarantees and Other Off-Balance Sheet Credit Exposures	3 Months Ended
Guarantees and Other Off-Balance Sheet Credit Exposures	Mar. 31, 2023
Guarantees [Abstract]
Guarantees and Other Off-Balance Sheet Credit Exposures	Guarantees and Other Off-Balance Sheet Credit ExposuresGuarantee Activities The table below shows 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 March 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) $31,130 $25,329 $385 40 Other mortgage-related guarantees 9,290 9,290 192 29 Total Single-Family mortgage-related guarantees 40,420 34,619 577 Multifamily mortgage-related guarantees: Nonconsolidated securitization products (2)(3) 357,747 316,606 4,751 37 Other mortgage-related guarantees 10,684 10,684 378 36 Total Multifamily mortgage-related guarantees 368,431 327,290 5,129 Guarantees of Fannie Mae securities (4) 116,807 116,807 — 39 Other 166 440 — 30 December 31, 2022 ( Dollars in millions , terms in years) UPB Maximum Exposure Recognized Liability (1) Maximum Remaining Term Single-Family mortgage-related guarantees: Nonconsolidated securitization products (2) $31,604 $25,772 $391 40 Other mortgage-related guarantees 9,476 9,476 203 29 Total Single-Family mortgage-related guarantees 41,080 35,248 594 Multifamily mortgage-related guarantees: Nonconsolidated securitization products (2)(3) 360,869 319,117 4,889 37 Other mortgage-related guarantees 10,510 10,510 379 36 Total Multifamily mortgage-related guarantees 371,379 329,627 5,268 Guarantees of Fannie Mae securities (4) 119,267 119,267 — 39 Other 185 435 — 29 (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 $0.7 billion and $0.4 billion as of March 31, 2023 and December 31, 2022, 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 $2.1 billion as of both March 31, 2023 and December 31, 2022. (4) Excludes $0.1 billion as of both March 31, 2023 and December 31, 2022, 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 shows 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 March 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 $35,753 $2,075 $729 $1,863 $40,420 Multifamily 367,681 251 21 478 368,431 Total $403,434 $2,326 $750 $2,341 $408,851 December 31, 2022 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure Total Single-Family $36,241 $2,072 $748 $2,019 $41,080 Multifamily 370,911 23 12 433 371,379 Total $407,152 $2,095 $760 $2,452 $412,459 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 shows our other off-balance sheet credit exposures. Table 4.3 – Other Off-Balance Sheet Credit Exposures (In millions) March 31, 2023 December 31, 2022 Mortgage loan purchase commitments (1) $11,249 $9,609 Other commitments (2) 34,923 22,293 Total $46,172 $31,902 (1) Includes $2.1 billion and $0.5 billion of commitments for which we have elected the fair value option as of March 31, 2023 and December 31, 2022, 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) Consists of unfunded portion of revolving lines of credit, liquidity guarantees, and other commitments.

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
Allowance for Credit Losses	Mar. 31, 2023
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 1Q 2023 1Q 2022 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Beginning balance $7,746 $147 $7,893 $5,440 $78 $5,518 Provision (benefit) for credit losses 318 77 395 (831) (6) (837) Charge-offs (90) — (90) (173) — (173) Recoveries collected 32 — 32 52 — 52 Other (1) 91 — 91 361 — 361 Ending balance $8,097 $224 $8,321 $4,849 $72 $4,921 Components of the ending balance of the allowance for credit losses: Mortgage loans held-for-investment $7,675 $160 $7,835 $4,358 $31 $4,389 Other (2) 422 64 486 491 41 532 Total ending balance $8,097 $224 $8,321 $4,849 $72 $4,921 (1) Primarily includes capitalization of past due interest related to non-accrual loans that receive payment deferral plans and loan modifications. (2) Includes allowance for credit losses related to advances of pre-foreclosure costs, accrued interest receivable, and off-balance sheet credit exposures. n 1Q 2023 vs. 1Q 2022 - Provision for credit losses for 1Q 2023 was driven by a modest credit reserve build primarily attributable to new acquisitions in Single-Family. The benefit for credit losses for 1Q 2022 was driven by a credit reserve release due to higher estimated house prices and an improvement in forecasted economic conditions. In addition, charge-offs decreased year-over-year primarily due to a decrease in charge-offs of accrued interest receivable during 1Q 2023.

Investment Securities

Investment Securities	3 Months Ended
Investment Securities	Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Trading securities $31,343 $32,167 Available-for-sale securities 6,369 6,534 Total fair value of investment securities $37,712 $38,701 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) March 31, 2023 December 31, 2022 Mortgage-related securities $9,074 $8,334 Non-mortgage-related securities 22,269 23,833 Total fair value of trading securities $31,343 $32,167 For trading securities held at March 31, 2023 and March 31, 2022, we recorded net unrealized losses of $0.2 billion and $1.0 billion during 1Q 2023 and 1Q 2022, respectively. Available-for-Sale Securities The table below provides details of the securities classified as available-for-sale on our condensed consolidated balance sheets. At March 31, 2023 and December 31, 2022, all available-for-sale securities were mortgage-related securities. Table 6.3 - Available-for-Sale Securities March 31, 2023 Amortized Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Fair Value Accrued Interest Receivable (In millions) Agency mortgage-related securities $6,006 $14 ($238) $5,782 $13 Other mortgage-related securities 408 182 (3) 587 3 Total available-for-sale securities $6,414 $196 ($241) $6,369 $16 December 31, 2022 Amortized Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Fair Value Accrued Interest Receivable (In millions) Agency mortgage-related securities $6,215 $6 ($301) $5,920 $12 Other mortgage-related securities 429 188 (3) 614 3 Total available-for-sale securities $6,644 $194 ($304) $6,534 $15 The fair value of our available-for-sale securities held at March 31, 2023 scheduled to contractually mature after ten years was $1.5 billion, with an additional $4.0 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 6.4 - Available-for-Sale Securities in a Gross Unrealized Loss Position March 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 $3,038 ($80) $1,696 ($158) Other mortgage-related securities 28 (2) 13 (1) Total available-for-sale securities in a gross unrealized loss position $3,066 ($82) $1,709 ($159) December 31, 2022 Less than 12 Months 12 Months or Greater (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Agency mortgage-related securities $5,086 ($253) $325 ($48) Other mortgage-related securities 46 (3) 5 — Total available-for-sale securities in a gross unrealized loss position $5,132 ($256) $330 ($48) At March 31, 2023, the gross unrealized losses relate to 187 securities. The table below summarizes the gross realized gains and gross realized losses from sales of available-for-sale securities. Table 6.5 - Gross Realized Gains and Gross Realized Losses from Sales of Available-for-Sale Securities (In millions) 1Q 2023 1Q 2022 Gross realized gains $2 $— Gross realized losses (2) (1) Net realized gains $— ($1) Non-Cash Investing and Financing Activities During 1Q 2023 and 1Q 2022, we recognized $0.6 billion and $3.1 billion, respectively, 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 1Q 2023 and 1Q 2022, we derecognized $1.4 billion and $1.5 billion of mortgage-related securities and debt of consolidated trusts where we were no longer deemed the primary beneficiary.

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	DebtThe table below summarizes the balances of total debt on our condensed consolidated balance sheets Table 7.1 - Total Debt (In millions) March 31, 2023 December 31, 2022 Debt of consolidated trusts $2,987,050 $2,979,070 Debt of Freddie Mac: Short-term debt 8,681 7,712 Long-term debt 171,783 159,050 Total debt of Freddie Mac 180,464 166,762 Total debt $3,167,514 $3,145,832 As of March 31, 2023, our aggregate indebtedness pursuant to the Purchase Agreement was $190.1 billion, which was below the current $270.0 billion debt cap limit. Our aggregate indebtedness calculation primarily includes the par value of short- and long-term debt. 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 March 31, 2023 December 31, 2022 (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 2023 - 2061 $2,522,559 $2,564,677 2.82 % 2023 - 2061 $2,507,235 $2,550,137 2.76 % 15-year or less, fixed-rate 2023 - 2038 357,248 363,390 2.15 2023 - 2038 367,844 374,339 2.14 Adjustable-rate and other 2023 - 2053 23,834 24,402 3.29 2023 - 2053 23,561 24,153 3.04 Total Single-Family 2,903,641 2,952,469 2,898,640 2,948,629 Multifamily 2024 - 2053 35,080 34,581 2.88 2023 - 2052 30,927 30,441 2.66 Total debt of consolidated trusts $2,938,721 $2,987,050 $2,929,567 $2,979,070 (1) Includes $2.1 billion and $1.9 billion as of March 31, 2023 and December 31, 2022, 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 2.47% and 2.39% as of March 31, 2023 and December 31, 2022, respectively. March 31, 2023 December 31, 2022 (Dollars in millions) Par Value Carrying Amount Weighted Par Value Carrying Amount Weighted Short-term debt: Discount notes and Reference Bills ® $8,051 $8,016 4.56 % $6,826 $6,822 3.71 % Medium-term notes 665 665 1.91 890 890 1.81 Securities sold under agreements to repurchase 4,652 4,652 4.58 11,991 11,991 3.86 Offsetting arrangements (1) (4,652) (4,652) (11,991) (11,991) Total short-term debt $8,716 $8,681 4.36 % $7,716 $7,712 3.49 %

Derivatives

Derivatives	3 Months Ended
Derivatives	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	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. 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 March 31, 2023 December 31, 2022 Notional or Contractual Amount Derivatives at Fair Value Notional or Contractual Amount Derivatives at Fair Value (In millions) Assets Liabilities Assets Liabilities Not designated as hedges Interest-rate risk management derivatives: Swaps $445,598 $1,427 ($604) $480,824 $1,762 ($526) Written options 49,745 — (1,550) 46,101 — (1,857) Purchased options (1) 87,065 3,703 — 92,010 4,302 — Futures 134,295 — — 182,330 — — Total interest-rate risk management derivatives 716,703 5,130 (2,154) 801,265 6,064 (2,383) Mortgage commitment derivatives 39,505 19 (6) 29,354 12 (11) CRT-related derivatives (2) 31,888 — (110) 31,647 — (55) Other 14,090 3 (539) 14,426 2 (624) Total derivatives not designated as hedges 802,186 5,152 (2,809) 876,692 6,078 (3,073) Designated as fair value hedges Interest-rate risk management derivatives: Swaps 189,974 328 (6,648) 181,298 321 (7,847) Total derivatives designated as fair value hedges 189,974 328 (6,648) 181,298 321 (7,847) Receivables (payables) 1 (214) 35 (25) Netting adjustments (3) (5,090) 8,778 (6,127) 10,187 Total derivative portfolio, net $992,160 $391 ($893) $1,057,990 $307 ($758) (1) Includes swaptions on credit indices with a notional or contractual amount of $6.9 billion and $10.1 billion at March 31, 2023 and December 31, 2022, respectively, and a fair value of $2.0 million as of both March 31, 2023 and December 31, 2022. (2) Includes derivative instruments related to CRT transactions that are considered freestanding credit enhancements. (3) Represents counterparty netting and cash collateral netting. 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 8.2 - Gains and Losses on Derivatives (1) (In millions) 1Q 2023 1Q 2022 Not designated as hedges Interest-rate risk management derivatives: Swaps $29 $390 Written options 195 (364) Purchased options (504) 717 Futures (307) 868 Total interest-rate risk management derivatives fair value gains (losses) (587) 1,611 Mortgage commitment derivatives (80) 1,839 CRT-related derivatives (2) (76) 12 Other 61 (39) Total derivatives not designated as hedges fair value gains (losses) ($682) $3,423 (1) Accrual of periodic cash settlements on swaps is included in the respective gain (loss) of the derivative and is no longer presented separately. Certain prior period amounts have been reclassified to conform to the current period presentation. 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 8.3 - Gains and Losses on Fair Value Hedges 1Q 2023 1Q 2022 (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: $24,987 ($20,486) $17,740 ($13,636) Interest contracts on mortgage loans held-for-investment: Gain (loss) on fair value hedging relationships: Hedged items 1,123 — (2,627) — Derivatives designated as hedging instruments (1,073) — 2,055 — Interest accruals on hedging instruments 211 — (267) — Discontinued hedge related basis adjustments amortization 31 — (124) — Interest contracts on debt: Gain (loss) on fair value hedging relationships: Hedged items — (1,535) — 3,861 Derivatives designated as hedging instruments — 1,534 — (3,896) Interest accruals on hedging instruments — (1,051) — 144 Discontinued hedge related basis adjustment amortization — (38) — 10 The table below presents the cumulative basis adjustments and the carrying amounts of the hedged item by its respective balance sheet line item. Table 8.4 - Cumulative Basis Adjustments Due to Fair Value Hedging March 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 $1,126,852 ($1,967) ($678) ($1,289) $77,275 $11,516 Mortgage loans held-for-sale 56 1 — 1 — — Debt (156,649) 7,714 — 187 — — December 31, 2022 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 $1,108,098 ($3,122) ($959) ($2,163) $79,070 $11,516 Mortgage loans held-for-sale 67 1 — 1 — — Debt (142,511) 9,384 — 123 — —

Collateralized Agreements and O

Collateralized Agreements and Offsetting Arrangements	3 Months Ended
Collateralized Agreements and Offsetting Arrangements	Mar. 31, 2023
Offsetting [Abstract]
Collateralized Agreements and Offsetting Arrangements	Collateralized Agreements and Offsetting Arrangements Offsetting of Financial Assets and Liabilities The table below presents offsetting and collateral information related to derivatives, 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 Financial Assets and Liabilities March 31, 2023 Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (2) Net Amount (In millions) Counterparty Netting Cash Collateral Netting (1) Assets: Derivatives: OTC derivatives $5,459 ($4,052) ($1,038) $369 ($180) $189 Cleared and exchange-traded derivatives — — — — — — Mortgage commitment derivatives 19 — — 19 — 19 Other 3 — — 3 — 3 Total derivatives 5,481 (4,052) (1,038) 391 (180) 211 Securities purchased under agreements to resell 112,688 (4,652) — 108,036 (108,036) — Total $118,169 ($8,704) ($1,038) $108,427 ($108,216) $211 Liabilities: Derivatives: OTC derivatives ($8,790) $4,052 $4,669 ($69) $26 ($43) Cleared and exchange-traded derivatives (199) — 57 (142) 142 — Mortgage commitment derivatives (33) — — (33) — (33) Other (649) — — (649) — (649) Total derivatives (9,671) 4,052 4,726 (893) 168 (725) Securities sold under agreements to repurchase (4,652) 4,652 — — — — Total ($14,323) $8,704 $4,726 ($893) $168 ($725) Referenced footnotes are included after the next table. December 31, 2022 Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (2) Net Amount (In millions) Counterparty Netting Cash Collateral Netting (1) Assets: Derivatives: OTC derivatives $6,385 ($4,468) ($1,681) $236 ($214) $22 Cleared and exchange-traded derivatives 28 — 22 50 — 50 Mortgage commitment derivatives 19 — — 19 (4) 15 Other 2 — — 2 — 2 Total derivatives 6,434 (4,468) (1,659) 307 (218) 89 Securities purchased under agreements to resell 99,286 (11,991) — 87,295 (87,295) — Total $105,720 ($16,459) ($1,659) $87,602 ($87,513) $89 Liabilities: Derivatives: OTC derivatives ($10,230) $4,468 $5,702 ($60) $23 ($37) Cleared and exchange-traded derivatives (25) — 17 (8) 8 — Mortgage commitment derivatives (11) — — (11) — (11) Other (679) — — (679) — (679) Total derivatives (10,945) 4,468 5,719 (758) 31 (727) Securities sold under agreements to repurchase (11,991) 11,991 — — — — Total ($22,936) $16,459 $5,719 ($758) $31 ($727) (1) Excess cash collateral held is presented as a derivative liability, while excess cash collateral posted is presented as a derivative asset. (2) Does not include the fair value amount of non-cash collateral posted or held that exceeds the associated net asset or liability, netted by counterparty, presented on the condensed consolidated balance sheets. For securities purchased under agreements to resell, includes $112.6 billion and $54.7 billion of collateral that we had the right to repledge as of March 31, 2023 and December 31, 2022, respectively. We repledged less than $0.1 billion of collateral as of both March 31, 2023 and December 31, 2022. Table 9.2 - Collateral in the Form of Securities Pledged March 31, 2023 (In millions) Derivatives Securities Sold Under Agreements to Repurchase Other (1) Total Debt of consolidated trusts (2) $— $— $183 $183 Trading securities 2,351 4,619 2,056 9,026 Total securities pledged $2,351 $4,619 $2,239 $9,209 December 31, 2022 (In millions) Derivatives Securities Sold Under Agreements to Repurchase Other (1) Total Trading securities $1,533 $2,910 $1,347 $5,790 Other assets — 6,543 — 6,543 Total securities pledged $1,533 $9,453 $1,347 $12,333 (1) Includes other collateralized borrowings and collateral related to transactions with certain clearinghouses. (2) Represents debt of consolidated trusts held by us in our mortgage-related investments portfolio which is recorded as a reduction to debt of consolidated trusts on our condensed consolidated balance sheets. 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 9.3 - Remaining Contractual Maturity March 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 $— $1,165 $3,487 $— $4,652 December 31, 2022 (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 $— $11,991 $— $— $11,991

Net Interest Income

Net Interest Income	3 Months Ended
Net Interest Income	Mar. 31, 2023
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 and comprehensive income. Table 10.1 - Components of Net Interest Income (In millions) 1Q 2023 1Q 2022 Interest income: Mortgage loans $23,304 $17,310 Investment securities 316 384 Other 1,367 46 Total interest income 24,987 17,740 Interest expense: Debt of consolidated trusts (18,261) (13,249) Debt of Freddie Mac: Short-term debt (154) — Long-term debt (2,071) (387) Total interest expense (20,486) (13,636) Net interest income 4,501 4,104 (Provision) benefit for credit losses (395) 837 Net interest income after (provision) benefit for credit losses $4,106 $4,941

Segment Reporting

Segment Reporting	3 Months Ended
Segment Reporting	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Reporting	The table below presents the financial results for our Single-Family and Multifamily segments. Table 11.1 - Segment Financial Results 1Q 2023 1Q 2022 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Net interest income $4,296 $205 $4,501 $3,806 $298 $4,104 Non-interest income Guarantee income 32 434 466 30 40 70 Investment gains, net (179) (46) (225) 1,252 261 1,513 Other income 54 31 85 126 33 159 Non-interest income (93) 419 326 1,408 334 1,742 Net revenues 4,203 624 4,827 5,214 632 5,846 (Provision) benefit for credit losses (318) (77) (395) 831 6 837 Non-interest expense (1,783) (149) (1,932) (1,778) (154) (1,932) Income before income tax expense 2,102 398 2,500 4,267 484 4,751 Income tax expense (425) (80) (505) (856) (97) (953) Net income 1,677 318 1,995 3,411 387 3,798 Other comprehensive income (loss), net of taxes and reclassification adjustments (1) 55 54 (12) (108) (120) Comprehensive income $1,676 $373 $2,049 $3,399 $279 $3,678 The table below presents total assets for our Single-Family and Multifamily segments. Table 11.2 - Segment Assets (In millions) March 31, 2023 December 31, 2022 Single-Family $2,988,635 $2,986,045 Multifamily 426,039 429,302 Total segment assets 3,414,674 3,415,347 Reconciling items (1) (189,694) (207,014) Total assets per condensed consolidated balance sheets $3,224,980 $3,208,333

Concentration of Credit and Oth

Concentration of Credit and Other Risks	3 Months Ended
Concentration of Credit and Other Risks	Mar. 31, 2023
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 , and Note 5 for more 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 March 31, 2023 December 31, 2022 (Dollars in millions) Portfolio UPB (1) % of Portfolio SDQ Rate Portfolio UPB (1) % of Portfolio SDQ Rate Region: (2) West $905,823 30 % 0.46 % $906,123 30 % 0.49 % Northeast 694,781 23 0.76 695,944 23 0.82 North Central 435,435 15 0.61 436,294 15 0.65 Southeast 514,825 17 0.67 512,495 17 0.73 Southwest 437,497 15 0.58 434,907 15 0.63 Total $2,988,361 100 % 0.62 $2,985,763 100 % 0.66 State: California $515,908 17 % 0.47 $516,891 17 % 0.51 Texas 203,128 7 0.58 200,807 7 0.64 Florida 192,552 6 0.78 191,009 6 0.84 New York 130,010 4 1.08 129,935 4 1.16 Illinois 112,289 4 0.83 112,784 4 0.90 All other 1,834,474 62 0.58 1,834,337 62 0.63 Total $2,988,361 100 % 0.62 $2,985,763 100 % 0.66 (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); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY). 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 more 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 March 31, 2023 December 31, 2022 (Dollars in millions) Portfolio UPB % of Portfolio Delinquency Rate (1) Portfolio UPB % of Portfolio Delinquency Rate (1) Region (2)(3) : West $106,840 25 % 0.04 % $107,260 25 % 0.04 % Northeast 104,627 25 0.30 106,478 25 0.28 North Central 40,555 10 0.16 40,524 9 0.16 Southeast 84,801 20 0.04 85,438 20 0.04 Southwest 89,216 20 0.13 89,602 21 0.08 Total $426,039 100 % 0.13 $429,302 100 % 0.12 (1) Based on loans two monthly payments or more delinquent or in foreclosure. (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); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY). (3) The UPB of loans collateralized by properties located in multiple regions are reported entirely in the region with the largest underlying collateral UPB as of origination.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
Fair Value Disclosures	Mar. 31, 2023
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 March 31, 2023 (In millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Total Assets: Investment securities: Available-for-sale $— $5,516 $853 $— $6,369 Trading: Mortgage-related securities — 6,169 2,905 — 9,074 Non-mortgage-related securities 21,884 385 — — 22,269 Total trading securities 21,884 6,554 2,905 — 31,343 Total investment securities 21,884 12,070 3,758 — 37,712 Mortgage loans held-for-sale — 2,579 347 — 2,926 Mortgage loans held-for-investment — 1,174 64 — 1,238 Other assets: Guarantee assets — — 5,432 — 5,432 Derivative assets, net — 5,477 3 (5,089) 391 Other assets — 34 125 — 159 Total other assets — 5,511 5,560 (5,089) 5,982 Total assets carried at fair value on a recurring basis $21,884 $21,334 $9,729 ($5,089) $47,858 Liabilities: Debt: Debt of consolidated trusts $— $1,858 $290 $— $2,148 Debt of Freddie Mac — 569 94 — 663 Total debt — 2,427 384 — 2,811 Other liabilities: Derivative liabilities, net 13 9,367 77 (8,564) 893 Other liabilities — 1 — — 1 Total other liabilities 13 9,368 77 (8,564) 894 Total liabilities carried at fair value on a recurring basis $13 $11,795 $461 ($8,564) $3,705 Referenced footnote is included after the prior period table. December 31, 2022 (In millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Total Assets: Investment securities: Available-for-sale $— $5,640 $894 $— $6,534 Trading: Mortgage-related securities — 5,603 2,731 — 8,334 Non-mortgage-related securities 23,453 380 — — 23,833 Total trading securities 23,453 5,983 2,731 — 32,167 Total investment securities 23,453 11,623 3,625 — 38,701 Mortgage loans held-for-sale — 2,908 310 — 3,218 Mortgage loans held-for-investment — 1,104 110 — 1,214 Other assets: Guarantee assets — — 5,442 — 5,442 Derivative assets, net — 6,397 2 (6,092) 307 Other assets — 12 129 — 141 Total other assets — 6,409 5,573 (6,092) 5,890 Total assets carried at fair value on a recurring basis $23,453 $22,044 $9,618 ($6,092) $49,023 Liabilities: Debt: Debt of consolidated trusts $— $1,656 $288 $— $1,944 Debt of Freddie Mac — 1,003 100 — 1,103 Total debt — 2,659 388 — 3,047 Other liabilities: Derivative liabilities, net — 10,823 97 (10,162) 758 Other liabilities — 1 — — 1 Total other liabilities — 10,824 97 (10,162) 759 Total liabilities carried at fair value on a recurring basis $— $13,483 $485 ($10,162) $3,806 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 1Q 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 March 31, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of March 31, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $894 $1 ($3) $— $— $— ($39) $— $— $853 $— ($3) Trading 2,731 (139) — 324 — — (11) — — 2,905 33 — Total investment securities 3,625 (138) (3) 324 — — (50) — — 3,758 33 (3) Mortgage loans held-for-sale 310 1 — 26 — — (1) 11 — 347 — — Mortgage loans held-for-investment 110 2 — — — — — — (48) 64 2 — Other assets: Guarantee assets 5,442 85 — — 127 — (222) — — 5,432 85 — Other assets 131 16 — (10) — — (9) — — 128 16 — Total other assets 5,573 101 — (10) 127 — (231) — — 5,560 101 — Total assets $9,618 ($34) ($3) $340 $127 $— ($282) $11 ($48) $9,729 $136 ($3) Liabilities Debt $388 ($12) $— $— $12 $— ($4) $— $— $384 ($8) $— Other liabilities 97 (18) — — — — (2) — — 77 (19) — Total liabilities $485 ($30) $— $— $12 $— ($6) $— $— $461 ($27) $— 1Q 2022 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 March 31, 2022 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of March 31, 2022 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $1,286 ($1) ($36) $— $— $— ($91) $30 $— $1,188 ($1) ($29) Trading 3,386 (426) — 243 — — (18) — (20) 3,165 (256) — Total investment securities 4,672 (427) (36) 243 — — (109) 30 (20) 4,353 (257) (29) Other assets: Guarantee assets 5,919 (316) — — 333 — (240) — — 5,696 (316) — Other assets 101 16 — (4) 3 — (2) — — 114 16 — Total other assets 6,020 (300) — (4) 336 — (242) — — 5,810 (300) — Total assets $10,692 ($727) ($36) $239 $336 $— ($351) $30 ($20) $10,163 ($557) ($29) Liabilities Debt $294 $23 $— $— $86 $— ($1) $— $— $402 $33 $— Other liabilities 24 24 — — — — (1) — — 47 24 — Total liabilities $318 $47 $— $— $86 $— ($2) $— $— $449 $57 $— (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 March 31, 2023 and March 31, 2022. 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 March 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) Assets Investment securities: Available-for-sale $533 Median of external sources External pricing sources $58.2 - $72.8 $68.2 320 Other Trading 2,023 Single external source External pricing source $0.0 - $5,410.0 $210.0 882 Other Mortgage loans held-for-sale 347 Single external source External pricing source $39.6 - $98.6 $78.7 Guarantee assets 5,074 Discounted cash flows OAS 17 - 186 bps 46 bps 358 Other Insignificant Level 3 assets (2) 192 Total level 3 assets $9,729 Liabilities Insignificant Level 3 liabilities (2) 461 Total level 3 liabilities $461 December 31, 2022 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 $557 Median of external sources External pricing sources $66.3 - $74.6 $70.5 337 Other Trading 2,080 Single external source External pricing source $0.0 - $5,702.4 $224.8 651 Other Mortgage loans held-for-sale 310 Single external source External pricing source $39.6 - $98.1 $76.6 Mortgage loans held-for-investment 110 Single external source External pricing source $76.9 - $87.5 $80.6 Guarantee assets 5,084 Discounted cash flows OAS 17 - 186 bps 45 bps 358 Other Insignificant Level 3 assets (2) 131 Total level 3 assets $9,618 Liabilities Insignificant Level 3 liabilities (2) 485 Total level 3 liabilities $485 (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 March 31, 2023 December 31, 2022 (In millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Mortgage loans (1) $— $454 $2,170 $2,624 $— $386 $1,758 $2,144 (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 March 31, 2023 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions, except for unobservable inputs as shown) Type Range Weighted Average (1) Mortgage loans $1,520 Median of external sources External pricing sources $75.3 - $97.3 $85.5 650 Other Total $2,170 December 31, 2022 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions, except for unobservable inputs as shown) Type Range Weighted Average (1) Mortgage loans $1,657 Median of external sources External pricing sources $74.8 - $98.6 $86.3 101 Other Total $1,758 (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 March 31, 2023 GAAP Measurement Category (1) Carrying Amount Fair Value (In millions) Level 1 Level 2 Level 3 Netting Adjustments (2) Total Financial Assets Cash and cash equivalents Amortized cost $5,873 $5,873 $— $— $— $5,873 Securities purchased under agreements to resell Amortized cost 108,036 — 112,688 — (4,652) 108,036 Investment securities: Available-for-sale FV - OCI 6,369 — 5,516 853 — 6,369 Trading FV - NI 31,343 21,884 6,554 2,905 — 31,343 Total investment securities 37,712 21,884 12,070 3,758 — 37,712 Mortgage loans: Loans held by consolidated trusts 2,977,998 — 2,337,448 276,492 — 2,613,940 Loans held by Freddie Mac 59,711 — 25,534 30,236 — 55,770 Total mortgage loans (3) Various (4) 3,037,709 — 2,362,982 306,728 — 2,669,710 Other assets: Guarantee assets FV - NI 5,432 — — 5,435 — 5,435 Derivative assets, net FV - NI 391 — 5,477 3 (5,089) 391 Other assets (5) Various 2,805 — 931 1,880 — 2,811 Total other assets 8,628 — 6,408 7,318 (5,089) 8,637 Total financial assets $3,197,958 $27,757 $2,494,148 $317,804 ($9,741) $2,829,968 Financial Liabilities Debt: Debt of consolidated trusts $2,987,050 $— $2,610,811 $696 $— $2,611,507 Debt of Freddie Mac 180,464 — 182,379 3,306 (4,652) 181,033 Total debt Various (6) 3,167,514 — 2,793,190 4,002 (4,652) 2,792,540 Other liabilities: Guarantee obligations Amortized cost 5,639 — — 6,018 — 6,018 Derivative liabilities, net FV - NI 893 13 9,367 77 (8,564) 893 Other liabilities (5) FV - NI 12 — 828 155 — 983 Total other liabilities 6,544 13 10,195 6,250 (8,564) 7,894 Total financial liabilities $3,174,058 $13 $2,803,385 $10,252 ($13,216) $2,800,434 Referenced footnotes are included after the prior period table. December 31, 2022 GAAP Measurement Category (1) Carrying Amount Fair Value (In millions) Level 1 Level 2 Level 3 Netting Adjustments (2) Total Financial Assets Cash and cash equivalents Amortized cost $6,360 $6,360 $— $— $— $6,360 Securities purchased under agreements to resell Amortized cost 87,295 — 99,286 — (11,991) 87,295 Investment securities: Available-for-sale FV - OCI 6,534 — 5,640 894 — 6,534 Trading FV - NI 32,167 23,453 5,983 2,731 — 32,167 Total investment securities 38,701 23,453 11,623 3,625 — 38,701 Mortgage loans: Loans held by consolidated trusts 2,971,601 — 2,331,969 244,045 — 2,576,014 Loans held by Freddie Mac 62,914 — 25,921 32,460 — 58,381 Total mortgage loans Various (4) 3,034,515 — 2,357,890 276,505 — 2,634,395 Other assets: Guarantee assets FV - NI 5,442 — — 5,445 — 5,445 Derivative assets, net FV - NI 307 — 6,397 2 (6,092) 307 Other assets (5) Various 1,739 — 907 835 — 1,742 Total other assets 7,488 — 7,304 6,282 (6,092) 7,494 Total financial assets $3,174,359 $29,813 $2,476,103 $286,412 ($18,083) $2,774,245 Financial Liabilities Debt: Debt of consolidated trusts $2,979,070 $— $2,564,323 $701 $— $2,565,024 Debt of Freddie Mac 166,762 — 175,673 3,162 (11,991) 166,844 Total debt Various (6) 3,145,832 — 2,739,996 3,863 (11,991) 2,731,868 Other liabilities: Guarantee obligations Amortized cost 5,779 — — 6,016 — 6,016 Derivative liabilities, net FV - NI 758 — 10,823 97 (10,162) 758 Other liabilities (5) FV - NI 20 — 1,025 211 — 1,236 Total other liabilities 6,557 — 11,848 6,324 (10,162) 8,010 Total financial liabilities $3,152,389 $— $2,751,844 $10,187 ($22,153) $2,739,878 (1) FV - NI denotes fair value through net income. FV - OCI denotes fair value through other comprehensive income. (2) Represents counterparty netting and cash collateral netting. (3) Excludes basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method hedge relationships as of March 31, 2023. See Note 3 for additional information on basis adjustments associated with closed portfolios during existing portfolio layer method hedges. (4) The GAAP carrying amounts measured at amortized cost, lower-of-cost-or-fair-value, and FV - NI were $3.0 trillion, $9.9 billion, and $4.2 billion as of March 31, 2023, respectively, and $3.0 trillion, $9.0 billion and $4.4 billion as of December 31, 2022, respectively. (5) For other assets, includes advances to lenders, secured lending, and loan commitments. For other liabilities, includes loan commitments. 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 multifamily loan purchase commitments and loans and debt 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) March 31, 2023 December 31, 2022 (In millions) Fair value UPB Difference Fair value UPB Difference Mortgage loans held-for-sale $2,926 $3,063 ($137) $3,218 $3,421 ($203) Mortgage loans held-for-investment 1,238 1,367 (129) 1,214 1,368 (154) Debt of Freddie Mac 460 453 7 892 881 11 Debt of consolidated trusts 1,858 1,981 (123) 1,656 1,833 (177) Other assets/other liabilities 33 N/A N/A 11 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 March 31, 2023 and December 31, 2022. 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 1Q 2023 1Q 2022 (In millions) Gains (Losses) Mortgage loans held-for-sale $4 ($676) Mortgage loans held-for-investment 26 — Debt of Freddie Mac 14 (11) Debt of consolidated trusts (35) 72 Other assets/other liabilities 55 (36) 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	3 Months Ended
Legal Contingencies	Mar. 31, 2023
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 response to any ruling or finding in any of these lawsuits or any future lawsuits. However, it is possible that we could be adversely affected by these events, 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, and in January 2019, the Sixth Circuit denied plaintiff's petition for leave to appeal that decision. On September 17, 2020, the District Court granted a request from the plaintiff for summary judgment and entered final judgment in favor of Freddie Mac and the other defendants. On October 9, 2020, the plaintiff filed a notice of appeal in the Sixth Circuit. On April 6, 2023, the Sixth Circuit reversed the District Court’s September 17, 2020 decision and remanded the case to the District Court for further proceedings. 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. Plaintiffs in each of 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.

Regulatory Capital

Regulatory Capital	3 Months Ended
Regulatory Capital	Mar. 31, 2023
Compliance with Regulatory Capital Requirements - ERCF [Abstract]
Regulatory Capital	Regulatory Capital The table below presents our capital metrics under the ERCF. Table 15.1 - ERCF Available Capital and Capital Requirements (In billions) March 31, 2023 December 31, 2022 Adjusted total assets $3,716 $3,710 Risk-weighted assets (standardized approach) 908 899 March 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 ($25) $73 $73 (2.8) % 8.0 % 8.0 % CET1 capital (53) 41 91 (5.8) 4.5 10.1 Tier 1 capital (39) 54 104 (4.3) 6.0 11.6 Adjusted total capital (39) 73 123 (4.3) 8.0 13.6 Leverage capital: Core capital ($33) $93 $93 (0.9) % 2.5 % 2.5 % Tier 1 capital (39) 93 104 (1.0) 2.5 2.8 December 31, 2022 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 ($27) $72 $72 (3.1) % 8.0 % 8.0 % CET1 capital (55) 40 90 (6.2) 4.5 10.1 Tier 1 capital (41) 54 104 (4.6) 6.0 11.6 Adjusted total capital (41) 72 122 (4.6) 8.0 13.6 Leverage capital: Core capital ($35) $93 $93 (1.0) % 2.5 % 2.5 % Tier 1 capital (41) 93 104 (1.1) 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_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2023
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.
Other Significant Accounting Policies	Recently Issued Accounting Guidance Recently Adopted Accounting Guidance Standard Description Date of Effect on Consolidated Financial Statements ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method The amendments in this Update provide clarifications of the guidance in ASC Topic 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets. The Update amends the guidance in ASU 2017-12 that, among other things, establishes the "last-of-layer" method for making the fair value hedge accounting for these portfolios more accessible by allowing the entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and nonprepayable financial assets. The Update provides additional guidance on the accounting for and disclosure of hedge basis adjustments that are applicable to the portfolio layer method. January 1, 2023 The adoption of these amendments did not have a material effect on our consolidated financial statements. We adopted the guidance in this Update related to disclosures on a prospective basis. ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures The amendments in this Update require disclosure of current period gross write-offs by year of origination for financing receivables within the scope of ASC Subtopic 326-20. January 1, 2023 for the amendments related to disclosure of gross write-offs by year of origination. The adoption of these amendments did not have a material effect on our consolidated financial statements. See Note 3 for additional disclosure of gross write-offs by year of origination. Recently Issued Accounting Guidance, Not Yet Adopted Within Our Consolidated Financial Statements 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 We do not expect the adoption of these amendments to have a material effect on our consolidated financial statements.
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. Since we adopted ASU 2022-02 prospectively, single-family held-for-investment loans that were restructured prior to January 1, 2022, the date we adopted such guidance, have been excluded from the disclosures related to loan restructurings.
Hedge Accounting	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.
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)	3 Months Ended
Securitization Activities and Consolidation (Tables)	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Table - Schedule of Various Interest Entities	The following table 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 March 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 $952 $178 $430 $31,139 $25,329 Resecuritization products (2) 5,800 64 587 116,807 116,807 CRT products (3) — 211 104 30,701 117 Total Single-Family 6,752 453 1,121 178,647 142,253 Multifamily: Securitization products (4) 7,641 4,903 4,783 357,747 316,606 CRT products (3) — 2 4 1,065 — Total Multifamily 7,641 4,905 4,787 358,812 316,606 Other — 8 5 166 440 Total $14,393 $5,366 $5,913 $537,625 $459,299 Referenced footnotes are included after the prior period table. December 31, 2022 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 $965 $175 $436 $31,614 $25,772 Resecuritization products (2) 5,092 61 659 119,267 119,267 CRT products (3) — 197 52 30,549 105 Total Single-Family 6,057 433 1,147 181,430 145,144 Multifamily: Securitization products (4) 7,808 4,931 4,920 360,869 319,117 CRT products (3) — 2 2 972 — Total Multifamily 7,808 4,933 4,922 361,841 319,117 Other — 8 5 185 435 Total $13,865 $5,374 $6,074 $543,456 $464,696 (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 $0.1 billion as of both March 31, 2023 and December 31, 2022, 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. We also have exposure to loss from 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)	3 Months Ended
Mortgage Loans (Tables)	Mar. 31, 2023
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 March 31, 2023 December 31, 2022 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Held-for-sale UPB $3,373 $10,255 $13,628 $3,564 $9,544 $13,108 Cost basis and fair value adjustments, net (675) (171) (846) (696) (215) (911) Total held-for-sale loans, net 2,698 10,084 12,782 2,868 9,329 12,197 Held-for-investment UPB 2,944,949 47,353 2,992,302 2,941,505 48,379 2,989,884 Cost basis and fair value adjustments, net (1) 39,833 (51) 39,782 39,896 (71) 39,825 Allowance for credit losses (7,675) (160) (7,835) (7,314) (77) (7,391) Total held-for-investment loans, net (2) 2,977,107 47,142 3,024,249 2,974,087 48,231 3,022,318 Total mortgage loans, net $2,979,805 $57,226 $3,037,031 $2,976,955 $57,560 $3,034,515 (1) Includes ($0.7) billion of basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method hedge relationships as of March 31, 2023. (2) Includes $1.2 billion of multifamily held-for-investment loans for which we have elected the fair value option as of both March 31, 2023 and December 31, 2022 . 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) 1Q 2023 1Q 2022 Single-Family: Purchases: Held-for-investment loans $58,965 $206,935 Sales of held-for-sale loans (1) — 15 Multifamily: Purchases: Held-for-investment loans 3,349 2,565 Held-for-sale loans 2,695 12,267 Sales of held-for-sale loans (2) 6,150 14,292 (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) 1Q 2023 1Q 2022 (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 $— $— $— $248 $— $— Held-for-sale to held-for-investment (2) 48 4 4 62 (3) — Multifamily reclassifications from: Held-for-investment to held-for-sale 4,731 1 (27) 315 — — Held-for-sale to held-for-investment (2) 561 — 16 246 — — (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 Non-Accrual Amortized Cost Basis Interest Income Recognized (1) (In millions) December 31, 2022 March 31, 2023 1Q 2023 Single-Family: 20- and 30-year or more, amortizing fixed-rate $9,307 $9,348 $28 15-year or less, amortizing fixed-rate 427 434 1 Adjustable-rate and other 361 332 1 Total Single-Family 10,095 10,114 30 Total Multifamily 42 41 1 Total Single-Family and Multifamily $10,137 $10,155 $31 Non-Accrual Amortized Cost Basis Interest Income Recognized (1) (In millions) December 31, 2021 March 31, 2022 1Q 2022 Single-Family: 20- and 30-year or more, amortizing fixed-rate $17,013 $13,831 $49 15-year or less, amortizing fixed-rate 844 684 1 Adjustable-rate and other 793 580 1 Total Single-Family 18,650 15,095 51 Total Multifamily — 42 — Total Single-Family and Multifamily $18,650 $15,137 $51 (1) 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, net 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, Net and Related Charge-Offs Accrued Interest Receivable, Net Accrued Interest Receivable Related Charge-Offs (In millions) March 31, 2023 December 31, 2022 1Q 2023 1Q 2022 Single-Family loans $8,090 $7,967 ($48) ($87) Multifamily loans 228 220 — —
Table - Amortized Cost Basis of Held-For-Investment Mortgage Loans, by Credit Quality Indicator and Vintage	60 to 80 11,184 162,441 415,109 184,807 27,759 17,233 818,533 > 80 to 90 6,522 86,335 82,824 5,149 579 568 181,977 > 90 to 100 10,477 86,541 12,317 391 59 152 109,937 > 100 5 6,027 211 6 5 151 6,405 Total 20- and 30-year or more, amortizing fixed-rate 32,253 410,477 905,523 674,321 115,218 454,875 2,592,667 Current-period gross write-offs (1) — 3 8 2 1 12 26 15-year or less, amortizing fixed-rate ≤ 60 561 17,299 119,253 106,899 14,068 69,206 327,286 > 60 to 80 639 12,575 18,425 1,938 103 26 33,706 > 80 to 90 123 1,500 275 6 — 1 1,905 > 90 to 100 69 462 5 — — 1 537 > 100 — 12 — — — 1 13 Total 15-year or less, amortizing fixed-rate 1,392 31,848 137,958 108,843 14,171 69,235 363,447 Current-period gross write-offs (1) — — — — — 1 1 Adjustable-rate and other ≤ 60 74 1,312 2,779 1,498 615 14,915 21,193 > 60 to 80 269 2,391 1,873 200 69 447 5,249 > 80 to 90 211 1,251 173 5 2 35 1,677 > 90 to 100 207 912 13 — — 16 1,148 > 100 — 71 — — — 8 79 Total adjustable-rate and other 761 5,937 4,838 1,703 686 15,421 29,346 Current-period gross write-offs (1) — — — — — 5 5 Total for all loan product types by current LTV ratio: ≤ 60 $4,700 $87,744 $517,094 $592,365 $101,499 $520,892 $1,824,294 > 60 to 80 12,092 177,407 435,407 186,945 27,931 17,706 857,488 > 80 to 90 6,856 89,086 83,272 5,160 581 604 185,559 > 90 to 100 10,753 87,915 12,335 391 59 169 111,622 > 100 5 6,110 211 6 5 160 6,497 Total Single-Family loans $34,406 $448,262 $1,048,319 $784,867 $130,075 $539,531 $2,985,460 Total current-period gross write-offs (1) $— $3 $8 $2 $1 $18 $32 December 31, 2022 Year of Origination Total (In millions) 2022 2021 2020 2019 2018 Prior Current LTV ratio: 20- and 30-year or more, amortizing fixed-rate ≤ 60 $66,153 $394,498 $489,315 $87,188 $38,955 $407,819 $1,483,928 > 60 to 80 158,421 424,141 190,167 28,991 7,870 10,426 820,016 > 80 to 90 79,901 90,006 4,405 569 164 419 175,464 > 90 to 100 86,109 8,911 397 56 24 143 95,640 > 100 2,568 49 6 6 5 156 2,790 Total 20- and 30-year or more, amortizing fixed-rate 393,152 917,605 684,290 116,810 47,018 418,963 2,577,838 15-year or less, amortizing fixed-rate ≤ 60 16,752 119,379 109,685 14,606 5,578 68,240 334,240 > 60 to 80 13,042 22,007 2,503 132 16 16 37,716 > 80 to 90 1,601 368 7 — — 1 1,977 > 90 to 100 570 5 — — — 1 576 > 100 3 — — — — 1 4 Total 15-year or less, amortizing fixed-rate 31,968 141,759 112,195 14,738 5,594 68,259 374,513 Adjustable-rate and other ≤ 60 1,255 2,779 1,524 634 428 15,139 21,759 > 60 to 80 2,322 1,956 214 76 28 445 5,041 > 80 to 90 1,127 186 5 1 1 34 1,354 > 90 to 100 836 11 — — — 14 861 > 100 26 — — — — 9 35 Total adjustable-rate and other 5,566 4,932 1,743 711 457 15,641 29,050 Total for all loan product types by current LTV ratio: ≤ 60 $84,160 $516,656 $600,524 $102,428 $44,961 $491,198 $1,839,927 > 60 to 80 173,785 448,104 192,884 29,199 7,914 10,887 862,773 > 80 to 90 82,629 90,560 4,417 570 165 454 178,795 > 90 to 100 87,515 8,927 397 56 24 158 97,077 > 100 2,597 49 6 6 5 166 2,829 Total Single-Family loans $430,686 $1,064,296 $798,228 $132,259 $53,069 $502,863 $2,981,401 (1) Excludes write-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 March 31, 2023 Year of Origination Total (In millions) 2023 2022 2021 2020 2019 Prior Revolving Loans Category: Pass $1,588 $18,854 $7,733 $6,479 $4,810 $3,660 $2,242 $45,366 Special mention — — 39 73 190 17 — 319 Substandard — — 78 75 27 199 — 379 Doubtful — — — — — — — — Total $1,588 $18,854 $7,850 $6,627 $5,027 $3,876 $2,242 $46,064 December 31, 2022 Year of Origination Total (In millions) 2022 2021 2020 2019 2018 Prior Revolving Loans Category: Pass $21,854 $7,638 $6,546 $4,784 $1,077 $2,646 $1,924 $46,469 Special mention — 39 65 232 7 113 — 456 Substandard — 1 3 27 7 131 — 169 Doubtful — — — — — — — — Total $21,854 $7,678 $6,614 $5,043 $1,091 $2,890 $1,924 $47,094 " id="sjs-B6" xml:space="preserve">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. For reporting purposes: n Alt-A loans continue to be presented in the "adjustable-rate and other" category following modification, even though the borrower may have provided full documentation of assets and income to complete the modification and n Option ARM loans continue to be presented in the "adjustable-rate and other" category following modification, even though the modified loan no longer provides for optional payment provisions. Table 3.6 - Amortized Cost Basis of Single-Family Held-for-Investment Loans by Current LTV Ratio and Vintage March 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 $4,065 $69,133 $395,062 $483,968 $86,816 $436,771 $1,475,815 > 60 to 80 11,184 162,441 415,109 184,807 27,759 17,233 818,533 > 80 to 90 6,522 86,335 82,824 5,149 579 568 181,977 > 90 to 100 10,477 86,541 12,317 391 59 152 109,937 > 100 5 6,027 211 6 5 151 6,405 Total 20- and 30-year or more, amortizing fixed-rate 32,253 410,477 905,523 674,321 115,218 454,875 2,592,667 Current-period gross write-offs (1) — 3 8 2 1 12 26 15-year or less, amortizing fixed-rate ≤ 60 561 17,299 119,253 106,899 14,068 69,206 327,286 > 60 to 80 639 12,575 18,425 1,938 103 26 33,706 > 80 to 90 123 1,500 275 6 — 1 1,905 > 90 to 100 69 462 5 — — 1 537 > 100 — 12 — — — 1 13 Total 15-year or less, amortizing fixed-rate 1,392 31,848 137,958 108,843 14,171 69,235 363,447 Current-period gross write-offs (1) — — — — — 1 1 Adjustable-rate and other ≤ 60 74 1,312 2,779 1,498 615 14,915 21,193 > 60 to 80 269 2,391 1,873 200 69 447 5,249 > 80 to 90 211 1,251 173 5 2 35 1,677 > 90 to 100 207 912 13 — — 16 1,148 > 100 — 71 — — — 8 79 Total adjustable-rate and other 761 5,937 4,838 1,703 686 15,421 29,346 Current-period gross write-offs (1) — — — — — 5 5 Total for all loan product types by current LTV ratio: ≤ 60 $4,700 $87,744 $517,094 $592,365 $101,499 $520,892 $1,824,294 > 60 to 80 12,092 177,407 435,407 186,945 27,931 17,706 857,488 > 80 to 90 6,856 89,086 83,272 5,160 581 604 185,559 > 90 to 100 10,753 87,915 12,335 391 59 169 111,622 > 100 5 6,110 211 6 5 160 6,497 Total Single-Family loans $34,406 $448,262 $1,048,319 $784,867 $130,075 $539,531 $2,985,460 Total current-period gross write-offs (1) $— $3 $8 $2 $1 $18 $32 December 31, 2022 Year of Origination Total (In millions) 2022 2021 2020 2019 2018 Prior Current LTV ratio: 20- and 30-year or more, amortizing fixed-rate ≤ 60 $66,153 $394,498 $489,315 $87,188 $38,955 $407,819 $1,483,928 > 60 to 80 158,421 424,141 190,167 28,991 7,870 10,426 820,016 > 80 to 90 79,901 90,006 4,405 569 164 419 175,464 > 90 to 100 86,109 8,911 397 56 24 143 95,640 > 100 2,568 49 6 6 5 156 2,790 Total 20- and 30-year or more, amortizing fixed-rate 393,152 917,605 684,290 116,810 47,018 418,963 2,577,838 15-year or less, amortizing fixed-rate ≤ 60 16,752 119,379 109,685 14,606 5,578 68,240 334,240 > 60 to 80 13,042 22,007 2,503 132 16 16 37,716 > 80 to 90 1,601 368 7 — — 1 1,977 > 90 to 100 570 5 — — — 1 576 > 100 3 — — — — 1 4 Total 15-year or less, amortizing fixed-rate 31,968 141,759 112,195 14,738 5,594 68,259 374,513 Adjustable-rate and other ≤ 60 1,255 2,779 1,524 634 428 15,139 21,759 > 60 to 80 2,322 1,956 214 76 28 445 5,041 > 80 to 90 1,127 186 5 1 1 34 1,354 > 90 to 100 836 11 — — — 14 861 > 100 26 — — — — 9 35 Total adjustable-rate and other 5,566 4,932 1,743 711 457 15,641 29,050 Total for all loan product types by current LTV ratio: ≤ 60 $84,160 $516,656 $600,524 $102,428 $44,961 $491,198 $1,839,927 > 60 to 80 173,785 448,104 192,884 29,199 7,914 10,887 862,773 > 80 to 90 82,629 90,560 4,417 570 165 454 178,795 > 90 to 100 87,515 8,927 397 56 24 158 97,077 > 100 2,597 49 6 6 5 166 2,829 Total Single-Family loans $430,686 $1,064,296 $798,228 $132,259 $53,069 $502,863 $2,981,401 (1) Excludes write-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 March 31, 2023 Year of Origination Total (In millions) 2023 2022 2021 2020 2019 Prior Revolving Loans Category: Pass $1,588 $18,854 $7,733 $6,479 $4,810 $3,660 $2,242 $45,366 Special mention — — 39 73 190 17 — 319 Substandard — — 78 75 27 199 — 379 Doubtful — — — — — — — — Total $1,588 $18,854 $7,850 $6,627 $5,027 $3,876 $2,242 $46,064 December 31, 2022 Year of Origination Total (In millions) 2022 2021 2020 2019 2018 Prior Revolving Loans Category: Pass $21,854 $7,638 $6,546 $4,784 $1,077 $2,646 $1,924 $46,469 Special mention — 39 65 232 7 113 — 456 Substandard — 1 3 27 7 131 — 169 Doubtful — — — — — — — — Total $21,854 $7,678 $6,614 $5,043 $1,091 $2,890 $1,924 $47,094
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 March 31, 2023 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure (1) Total Three Months or More Past Due, and Accruing Interest Non-Accrual With No Allowance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,560,613 $16,017 $4,017 $12,020 $2,592,667 $3,053 $499 15-year or less, amortizing fixed-rate 361,524 1,131 214 578 363,447 157 7 Adjustable-rate and other 28,650 279 75 342 29,346 28 59 Total Single-Family 2,950,787 17,427 4,306 12,940 2,985,460 3,238 565 Total Multifamily 46,008 13 2 41 46,064 — — Total Single-Family and Multifamily $2,996,795 $17,440 $4,308 $12,981 $3,031,524 $3,238 $565 Referenced footnotes are included after the prior period table. December 31, 2022 (In millions) Current One Two Three Months or (1) Total Three Months or More Past Due, and Accruing Interest Non-Accrual with No Allowance (2) Single-Family: 20- and 30-year or more, amortizing fixed-rate $2,541,057 $19,820 $4,603 $12,358 $2,577,838 $3,432 $522 15-year or less, amortizing fixed-rate 372,065 1,590 250 608 374,513 191 9 Adjustable-rate and other 28,262 325 88 375 29,050 30 67 Total Single-Family 2,941,384 21,735 4,941 13,341 2,981,401 3,653 598 Total Multifamily 47,039 13 — 42 47,094 — 42 Total Single-Family and Multifamily $2,988,423 $21,748 $4,941 $13,383 $3,028,495 $3,653 $640 (1) Includes $1.9 billion and $1.6 billion of single-family loans that were in the process of foreclosure as of March 31, 2023 and December 31, 2022, respectively. (2) Loans with no allowance for loan losses primarily represent those loans that were previously charged off and therefore the collateral value 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 accrued interest receivable and 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. The amortized cost basis of loans in trial period modification plans was $1.8 billion and $3.1 billion as of March 31, 2023 and March 31, 2022, respectively . Most of these loans are 20- and 30-year or more, amortizing fixed-rate loans . Table 3.9 - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (1) 1Q 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 $6,357 $1,037 $86 $7,480 0.3 % 15-year or less, amortizing fixed-rate 332 19 1 352 0.1 Adjustable-rate and other 76 13 4 93 0.3 Total Single-Family loan restructurings $6,765 $1,069 $91 $7,925 0.3 1Q 2022 (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 $9,133 $683 $2,948 $12,764 0.5 % 15-year or less, amortizing fixed-rate 596 15 55 666 0.2 Adjustable-rate and other 212 15 78 305 1.1 Total Single-Family loan restructurings $9,941 $713 $3,081 $13,735 0.5 Referenced footnotes are on the next page. (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. (2) Includes $2.7 billion and $5.1 billion related to payment deferral plans for 1Q 2023 and 1Q 2022, 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) 1Q 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 0.9 % 180 $16 15-year or less, amortizing fixed-rate 0.4 354 16 Adjustable-rate and other 2.0 206 19 1Q 2022 (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 1.6 % 186 $24 15-year or less, amortizing fixed-rate 0.8 366 25 Adjustable-rate and other 2.2 226 27 (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. Since we adopted ASU 2022-02 prospectively, single-family held-for-investment loans that were restructured prior to January 1, 2022, the date we adopted such guidance, have been excluded from the disclosures related to loan restructurings. Table 3.11 - Subsequent Defaults of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty (1) 1Q 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 $704 $175 $206 $1,085 15-year or less, amortizing fixed-rate 32 — — 32 Adjustable-rate and other 10 2 5 17 Total Single-Family $746 $177 $211 $1,134 Referenced footnote is included after the prior period table. 1Q 2022 (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 $391 $7 $7 $405 15-year or less, amortizing fixed-rate 28 — — 28 Adjustable-rate and other 16 — — 16 Total Single-Family $435 $7 $7 $449 (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 March 31, 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 $16,491 $2,381 $1,572 $6,642 $27,086 15-year or less, amortizing fixed-rate 670 98 71 310 1,149 Adjustable-rate and other 227 33 17 115 392 Total Single-Family $17,388 $2,512 $1,660 $7,067 $28,627 March 31, 2022 (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 $7,887 $1,486 $1,359 $2,032 $12,764 15-year or less, amortizing fixed-rate 380 89 88 109 666 Adjustable-rate and other 191 19 16 79 305 Total Single-Family $8,458 $1,594 $1,463 $2,220 $13,735

Guarantees and Other Off-Bala_2

Guarantees and Other Off-Balance Sheet Credit Exposures (Tables)	3 Months Ended
	Mar. 31, 2023
Guarantees [Abstract]
Table - Financial Guarantees	The table below shows 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 March 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) $31,130 $25,329 $385 40 Other mortgage-related guarantees 9,290 9,290 192 29 Total Single-Family mortgage-related guarantees 40,420 34,619 577 Multifamily mortgage-related guarantees: Nonconsolidated securitization products (2)(3) 357,747 316,606 4,751 37 Other mortgage-related guarantees 10,684 10,684 378 36 Total Multifamily mortgage-related guarantees 368,431 327,290 5,129 Guarantees of Fannie Mae securities (4) 116,807 116,807 — 39 Other 166 440 — 30 December 31, 2022 ( Dollars in millions , terms in years) UPB Maximum Exposure Recognized Liability (1) Maximum Remaining Term Single-Family mortgage-related guarantees: Nonconsolidated securitization products (2) $31,604 $25,772 $391 40 Other mortgage-related guarantees 9,476 9,476 203 29 Total Single-Family mortgage-related guarantees 41,080 35,248 594 Multifamily mortgage-related guarantees: Nonconsolidated securitization products (2)(3) 360,869 319,117 4,889 37 Other mortgage-related guarantees 10,510 10,510 379 36 Total Multifamily mortgage-related guarantees 371,379 329,627 5,268 Guarantees of Fannie Mae securities (4) 119,267 119,267 — 39 Other 185 435 — 29 (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 $0.7 billion and $0.4 billion as of March 31, 2023 and December 31, 2022, 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 $2.1 billion as of both March 31, 2023 and December 31, 2022. (4) Excludes $0.1 billion as of both March 31, 2023 and December 31, 2022, 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 shows 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 March 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 $35,753 $2,075 $729 $1,863 $40,420 Multifamily 367,681 251 21 478 368,431 Total $403,434 $2,326 $750 $2,341 $408,851 December 31, 2022 (In millions) Current One Month Past Due Two Months Past Due Three Months or More Past Due, or in Foreclosure Total Single-Family $36,241 $2,072 $748 $2,019 $41,080 Multifamily 370,911 23 12 433 371,379 Total $407,152 $2,095 $760 $2,452 $412,459 Table 4.3 – Other Off-Balance Sheet Credit Exposures (In millions) March 31, 2023 December 31, 2022 Mortgage loan purchase commitments (1) $11,249 $9,609 Other commitments (2) 34,923 22,293 Total $46,172 $31,902 (1) Includes $2.1 billion and $0.5 billion of commitments for which we have elected the fair value option as of March 31, 2023 and December 31, 2022, 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) Consists of unfunded portion of revolving lines of credit, liquidity guarantees, and other commitments.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
Allowance for Credit Losses (Tables)	Mar. 31, 2023
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 1Q 2023 1Q 2022 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Beginning balance $7,746 $147 $7,893 $5,440 $78 $5,518 Provision (benefit) for credit losses 318 77 395 (831) (6) (837) Charge-offs (90) — (90) (173) — (173) Recoveries collected 32 — 32 52 — 52 Other (1) 91 — 91 361 — 361 Ending balance $8,097 $224 $8,321 $4,849 $72 $4,921 Components of the ending balance of the allowance for credit losses: Mortgage loans held-for-investment $7,675 $160 $7,835 $4,358 $31 $4,389 Other (2) 422 64 486 491 41 532 Total ending balance $8,097 $224 $8,321 $4,849 $72 $4,921 (1) Primarily includes capitalization of past due interest related to non-accrual loans that receive payment deferral plans and loan modifications. (2) Includes allowance for credit losses related to advances of pre-foreclosure costs, accrued interest receivable, and off-balance sheet credit exposures.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
Investment Securities (Tables)	Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Trading securities $31,343 $32,167 Available-for-sale securities 6,369 6,534 Total fair value of investment securities $37,712 $38,701
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) March 31, 2023 December 31, 2022 Mortgage-related securities $9,074 $8,334 Non-mortgage-related securities 22,269 23,833 Total fair value of trading securities $31,343 $32,167
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 March 31, 2023 and December 31, 2022, all available-for-sale securities were mortgage-related securities. Table 6.3 - Available-for-Sale Securities March 31, 2023 Amortized Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Fair Value Accrued Interest Receivable (In millions) Agency mortgage-related securities $6,006 $14 ($238) $5,782 $13 Other mortgage-related securities 408 182 (3) 587 3 Total available-for-sale securities $6,414 $196 ($241) $6,369 $16 December 31, 2022 Amortized Gross Unrealized Gains in Other Comprehensive Income Gross Unrealized Fair Value Accrued Interest Receivable (In millions) Agency mortgage-related securities $6,215 $6 ($301) $5,920 $12 Other mortgage-related securities 429 188 (3) 614 3 Total available-for-sale securities $6,644 $194 ($304) $6,534 $15
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 6.4 - Available-for-Sale Securities in a Gross Unrealized Loss Position March 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 $3,038 ($80) $1,696 ($158) Other mortgage-related securities 28 (2) 13 (1) Total available-for-sale securities in a gross unrealized loss position $3,066 ($82) $1,709 ($159) December 31, 2022 Less than 12 Months 12 Months or Greater (In millions) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Agency mortgage-related securities $5,086 ($253) $325 ($48) Other mortgage-related securities 46 (3) 5 — Total available-for-sale securities in a gross unrealized loss position $5,132 ($256) $330 ($48)
Table - Gross Realized Gains and Gross Realized Losses on Sales of Available-For-Sale Securities	The table below summarizes the gross realized gains and gross realized losses from sales of available-for-sale securities. Table 6.5 - Gross Realized Gains and Gross Realized Losses from Sales of Available-for-Sale Securities (In millions) 1Q 2023 1Q 2022 Gross realized gains $2 $— Gross realized losses (2) (1) Net realized gains $— ($1)

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Debt of consolidated trusts $2,987,050 $2,979,070 Debt of Freddie Mac: Short-term debt 8,681 7,712 Long-term debt 171,783 159,050 Total debt of Freddie Mac 180,464 166,762 Total debt $3,167,514 $3,145,832
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 March 31, 2023 December 31, 2022 (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 2023 - 2061 $2,522,559 $2,564,677 2.82 % 2023 - 2061 $2,507,235 $2,550,137 2.76 % 15-year or less, fixed-rate 2023 - 2038 357,248 363,390 2.15 2023 - 2038 367,844 374,339 2.14 Adjustable-rate and other 2023 - 2053 23,834 24,402 3.29 2023 - 2053 23,561 24,153 3.04 Total Single-Family 2,903,641 2,952,469 2,898,640 2,948,629 Multifamily 2024 - 2053 35,080 34,581 2.88 2023 - 2052 30,927 30,441 2.66 Total debt of consolidated trusts $2,938,721 $2,987,050 $2,929,567 $2,979,070 (1) Includes $2.1 billion and $1.9 billion as of March 31, 2023 and December 31, 2022, 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 2.47% and 2.39% as of March 31, 2023 and December 31, 2022, respectively.
Table - Short-term Debt	The table below summarizes the balances and effective interest rates for short-term debt. Table 7.3 - Short-Term Debt March 31, 2023 December 31, 2022 (Dollars in millions) Par Value Carrying Amount Weighted Par Value Carrying Amount Weighted Short-term debt: Discount notes and Reference Bills ® $8,051 $8,016 4.56 % $6,826 $6,822 3.71 % Medium-term notes 665 665 1.91 890 890 1.81 Securities sold under agreements to repurchase 4,652 4,652 4.58 11,991 11,991 3.86 Offsetting arrangements (1) (4,652) (4,652) (11,991) (11,991) Total short-term debt $8,716 $8,681 4.36 % $7,716 $7,712 3.49 %
Table - Long-term Debt	The table below summarizes our long-term debt. Table 7.4 - Long-Term Debt March 31, 2023 December 31, 2022 (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 2023 - 2050 $115,743 $115,680 2.35 % 2023 - 2050 $103,584 $103,528 1.96 % Medium-term notes — non-callable 2023 - 2028 2,481 2,481 0.78 2023 - 2028 2,747 2,747 0.73 Reference Notes securities — non-callable 2023 - 2032 49,801 49,839 2.04 2023 - 2032 49,801 49,832 1.76 SCR debt notes 2031 - 2032 86 86 13.00 2031 - 2032 90 93 13.00 Variable-rate: Medium-term notes — callable 2023 - 2028 4,941 4,939 4.04 2023 - 2027 4,691 4,689 3.95 Medium-term notes — non-callable 2026 47 47 8.10 2026 47 47 8.10 STACR 2023 - 2042 3,449 3,342 9.40 2023 - 2042 4,562 4,448 8.79 Zero-coupon: Medium-term notes — non-callable 2024 - 2039 4,836 2,955 6.12 2023 - 2039 4,841 2,913 6.11 Other 2047 - 2053 — 128 0.85 2047 - 2052 — 137 0.82 Hedging-related basis adjustments N/A (7,714) N/A (9,384) Total long-term debt $181,384 $171,783 2.49 % $170,363 $159,050 2.20 % (1) Represents par value, net of associated discounts or premiums and issuance cost. Includes $0.7 billion and $1.1 billion at March 31, 2023 and December 31, 2022, 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	The table below summarizes the contractual maturities of long-term debt. Table 7.5 - Contractual Maturities of Long-Term Debt March 31, 2023 (In millions) Amounts Annual Maturities Long-term debt (excluding STACR and SCR debt notes): 2024 $40,271 2025 33,340 2026 58,018 2027 10,097 2028 7,793 Thereafter 28,330 Debt of consolidated trusts, STACR, and SCR debt notes (1) 2,942,256 Total 3,120,105 Net discounts, premiums, debt issuance costs, hedge-related, and other basis adjustments (2) 38,728 Total debt of consolidated trusts, STACR, SCR, and long-term debt $3,158,833 (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)	3 Months Ended
Derivatives (Tables)	Mar. 31, 2023
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 March 31, 2023 December 31, 2022 Notional or Contractual Amount Derivatives at Fair Value Notional or Contractual Amount Derivatives at Fair Value (In millions) Assets Liabilities Assets Liabilities Not designated as hedges Interest-rate risk management derivatives: Swaps $445,598 $1,427 ($604) $480,824 $1,762 ($526) Written options 49,745 — (1,550) 46,101 — (1,857) Purchased options (1) 87,065 3,703 — 92,010 4,302 — Futures 134,295 — — 182,330 — — Total interest-rate risk management derivatives 716,703 5,130 (2,154) 801,265 6,064 (2,383) Mortgage commitment derivatives 39,505 19 (6) 29,354 12 (11) CRT-related derivatives (2) 31,888 — (110) 31,647 — (55) Other 14,090 3 (539) 14,426 2 (624) Total derivatives not designated as hedges 802,186 5,152 (2,809) 876,692 6,078 (3,073) Designated as fair value hedges Interest-rate risk management derivatives: Swaps 189,974 328 (6,648) 181,298 321 (7,847) Total derivatives designated as fair value hedges 189,974 328 (6,648) 181,298 321 (7,847) Receivables (payables) 1 (214) 35 (25) Netting adjustments (3) (5,090) 8,778 (6,127) 10,187 Total derivative portfolio, net $992,160 $391 ($893) $1,057,990 $307 ($758) (1) Includes swaptions on credit indices with a notional or contractual amount of $6.9 billion and $10.1 billion at March 31, 2023 and December 31, 2022, respectively, and a fair value of $2.0 million as of both March 31, 2023 and December 31, 2022. (2) Includes derivative instruments related to CRT transactions that are considered freestanding credit enhancements. (3) Represents counterparty netting and cash collateral netting.
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 8.2 - Gains and Losses on Derivatives (1) (In millions) 1Q 2023 1Q 2022 Not designated as hedges Interest-rate risk management derivatives: Swaps $29 $390 Written options 195 (364) Purchased options (504) 717 Futures (307) 868 Total interest-rate risk management derivatives fair value gains (losses) (587) 1,611 Mortgage commitment derivatives (80) 1,839 CRT-related derivatives (2) (76) 12 Other 61 (39) Total derivatives not designated as hedges fair value gains (losses) ($682) $3,423 (1) Accrual of periodic cash settlements on swaps is included in the respective gain (loss) of the derivative and is no longer presented separately. Certain prior period amounts have been reclassified to conform to the current period presentation.
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 8.3 - Gains and Losses on Fair Value Hedges 1Q 2023 1Q 2022 (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: $24,987 ($20,486) $17,740 ($13,636) Interest contracts on mortgage loans held-for-investment: Gain (loss) on fair value hedging relationships: Hedged items 1,123 — (2,627) — Derivatives designated as hedging instruments (1,073) — 2,055 — Interest accruals on hedging instruments 211 — (267) — Discontinued hedge related basis adjustments amortization 31 — (124) — Interest contracts on debt: Gain (loss) on fair value hedging relationships: Hedged items — (1,535) — 3,861 Derivatives designated as hedging instruments — 1,534 — (3,896) Interest accruals on hedging instruments — (1,051) — 144 Discontinued hedge related basis adjustment amortization — (38) — 10
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 8.4 - Cumulative Basis Adjustments Due to Fair Value Hedging March 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 $1,126,852 ($1,967) ($678) ($1,289) $77,275 $11,516 Mortgage loans held-for-sale 56 1 — 1 — — Debt (156,649) 7,714 — 187 — — December 31, 2022 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 $1,108,098 ($3,122) ($959) ($2,163) $79,070 $11,516 Mortgage loans held-for-sale 67 1 — 1 — — Debt (142,511) 9,384 — 123 — —

Collateralized Agreements and_2

Collateralized Agreements and Offsetting Arrangements (Tables)	3 Months Ended
	Mar. 31, 2023
Offsetting [Abstract]
Table - Offsetting and Collateral Information of Financial Assets and Liabilities	The table below presents offsetting and collateral information related to derivatives, 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 Financial Assets and Liabilities March 31, 2023 Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (2) Net Amount (In millions) Counterparty Netting Cash Collateral Netting (1) Assets: Derivatives: OTC derivatives $5,459 ($4,052) ($1,038) $369 ($180) $189 Cleared and exchange-traded derivatives — — — — — — Mortgage commitment derivatives 19 — — 19 — 19 Other 3 — — 3 — 3 Total derivatives 5,481 (4,052) (1,038) 391 (180) 211 Securities purchased under agreements to resell 112,688 (4,652) — 108,036 (108,036) — Total $118,169 ($8,704) ($1,038) $108,427 ($108,216) $211 Liabilities: Derivatives: OTC derivatives ($8,790) $4,052 $4,669 ($69) $26 ($43) Cleared and exchange-traded derivatives (199) — 57 (142) 142 — Mortgage commitment derivatives (33) — — (33) — (33) Other (649) — — (649) — (649) Total derivatives (9,671) 4,052 4,726 (893) 168 (725) Securities sold under agreements to repurchase (4,652) 4,652 — — — — Total ($14,323) $8,704 $4,726 ($893) $168 ($725) Referenced footnotes are included after the next table. December 31, 2022 Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (2) Net Amount (In millions) Counterparty Netting Cash Collateral Netting (1) Assets: Derivatives: OTC derivatives $6,385 ($4,468) ($1,681) $236 ($214) $22 Cleared and exchange-traded derivatives 28 — 22 50 — 50 Mortgage commitment derivatives 19 — — 19 (4) 15 Other 2 — — 2 — 2 Total derivatives 6,434 (4,468) (1,659) 307 (218) 89 Securities purchased under agreements to resell 99,286 (11,991) — 87,295 (87,295) — Total $105,720 ($16,459) ($1,659) $87,602 ($87,513) $89 Liabilities: Derivatives: OTC derivatives ($10,230) $4,468 $5,702 ($60) $23 ($37) Cleared and exchange-traded derivatives (25) — 17 (8) 8 — Mortgage commitment derivatives (11) — — (11) — (11) Other (679) — — (679) — (679) Total derivatives (10,945) 4,468 5,719 (758) 31 (727) Securities sold under agreements to repurchase (11,991) 11,991 — — — — Total ($22,936) $16,459 $5,719 ($758) $31 ($727) (1) Excess cash collateral held is presented as a derivative liability, while excess cash collateral posted is presented as a derivative asset. (2) Does not include the fair value amount of non-cash collateral posted or held that exceeds the associated net asset or liability, netted by counterparty, presented on the condensed consolidated balance sheets. For securities purchased under agreements to resell, includes $112.6 billion and $54.7 billion of collateral that we had the right to repledge as of March 31, 2023 and December 31, 2022, respectively. We repledged less than $0.1 billion of collateral as of both March 31, 2023 and December 31, 2022.
Table - Offsetting and Collateral Information of Financial Assets and Liabilities	The table below presents offsetting and collateral information related to derivatives, 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 Financial Assets and Liabilities March 31, 2023 Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (2) Net Amount (In millions) Counterparty Netting Cash Collateral Netting (1) Assets: Derivatives: OTC derivatives $5,459 ($4,052) ($1,038) $369 ($180) $189 Cleared and exchange-traded derivatives — — — — — — Mortgage commitment derivatives 19 — — 19 — 19 Other 3 — — 3 — 3 Total derivatives 5,481 (4,052) (1,038) 391 (180) 211 Securities purchased under agreements to resell 112,688 (4,652) — 108,036 (108,036) — Total $118,169 ($8,704) ($1,038) $108,427 ($108,216) $211 Liabilities: Derivatives: OTC derivatives ($8,790) $4,052 $4,669 ($69) $26 ($43) Cleared and exchange-traded derivatives (199) — 57 (142) 142 — Mortgage commitment derivatives (33) — — (33) — (33) Other (649) — — (649) — (649) Total derivatives (9,671) 4,052 4,726 (893) 168 (725) Securities sold under agreements to repurchase (4,652) 4,652 — — — — Total ($14,323) $8,704 $4,726 ($893) $168 ($725) Referenced footnotes are included after the next table. December 31, 2022 Gross Amount Recognized Amount Net Amount Gross Amount Not Offset in the Condensed Consolidated Balance Sheets (2) Net Amount (In millions) Counterparty Netting Cash Collateral Netting (1) Assets: Derivatives: OTC derivatives $6,385 ($4,468) ($1,681) $236 ($214) $22 Cleared and exchange-traded derivatives 28 — 22 50 — 50 Mortgage commitment derivatives 19 — — 19 (4) 15 Other 2 — — 2 — 2 Total derivatives 6,434 (4,468) (1,659) 307 (218) 89 Securities purchased under agreements to resell 99,286 (11,991) — 87,295 (87,295) — Total $105,720 ($16,459) ($1,659) $87,602 ($87,513) $89 Liabilities: Derivatives: OTC derivatives ($10,230) $4,468 $5,702 ($60) $23 ($37) Cleared and exchange-traded derivatives (25) — 17 (8) 8 — Mortgage commitment derivatives (11) — — (11) — (11) Other (679) — — (679) — (679) Total derivatives (10,945) 4,468 5,719 (758) 31 (727) Securities sold under agreements to repurchase (11,991) 11,991 — — — — Total ($22,936) $16,459 $5,719 ($758) $31 ($727) (1) Excess cash collateral held is presented as a derivative liability, while excess cash collateral posted is presented as a derivative asset. (2) Does not include the fair value amount of non-cash collateral posted or held that exceeds the associated net asset or liability, netted by counterparty, presented on the condensed consolidated balance sheets. For securities purchased under agreements to resell, includes $112.6 billion and $54.7 billion of collateral that we had the right to repledge as of March 31, 2023 and December 31, 2022, respectively. We repledged less than $0.1 billion of collateral as of both March 31, 2023 and December 31, 2022.
Table - Collateral in the Form of Securities Pledged	Table 9.2 - Collateral in the Form of Securities Pledged March 31, 2023 (In millions) Derivatives Securities Sold Under Agreements to Repurchase Other (1) Total Debt of consolidated trusts (2) $— $— $183 $183 Trading securities 2,351 4,619 2,056 9,026 Total securities pledged $2,351 $4,619 $2,239 $9,209 December 31, 2022 (In millions) Derivatives Securities Sold Under Agreements to Repurchase Other (1) Total Trading securities $1,533 $2,910 $1,347 $5,790 Other assets — 6,543 — 6,543 Total securities pledged $1,533 $9,453 $1,347 $12,333 (1) Includes other collateralized borrowings and collateral related to transactions with certain clearinghouses. (2) Represents debt of consolidated trusts held by us in our mortgage-related investments portfolio which is recorded as a reduction to debt of consolidated trusts on our condensed consolidated balance sheets.
Table - Remaining Contractual Pledged	Table 9.3 - Remaining Contractual Maturity March 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 $— $1,165 $3,487 $— $4,652 December 31, 2022 (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 $— $11,991 $— $— $11,991

Net Interest Income (Tables)

Net Interest Income (Tables)	3 Months Ended
Net Interest Income (Tables)	Mar. 31, 2023
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 and comprehensive income. Table 10.1 - Components of Net Interest Income (In millions) 1Q 2023 1Q 2022 Interest income: Mortgage loans $23,304 $17,310 Investment securities 316 384 Other 1,367 46 Total interest income 24,987 17,740 Interest expense: Debt of consolidated trusts (18,261) (13,249) Debt of Freddie Mac: Short-term debt (154) — Long-term debt (2,071) (387) Total interest expense (20,486) (13,636) Net interest income 4,501 4,104 (Provision) benefit for credit losses (395) 837 Net interest income after (provision) benefit for credit losses $4,106 $4,941

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Mar. 31, 2023
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 1Q 2023 1Q 2022 (In millions) Single-Family Multifamily Total Single-Family Multifamily Total Net interest income $4,296 $205 $4,501 $3,806 $298 $4,104 Non-interest income Guarantee income 32 434 466 30 40 70 Investment gains, net (179) (46) (225) 1,252 261 1,513 Other income 54 31 85 126 33 159 Non-interest income (93) 419 326 1,408 334 1,742 Net revenues 4,203 624 4,827 5,214 632 5,846 (Provision) benefit for credit losses (318) (77) (395) 831 6 837 Non-interest expense (1,783) (149) (1,932) (1,778) (154) (1,932) Income before income tax expense 2,102 398 2,500 4,267 484 4,751 Income tax expense (425) (80) (505) (856) (97) (953) Net income 1,677 318 1,995 3,411 387 3,798 Other comprehensive income (loss), net of taxes and reclassification adjustments (1) 55 54 (12) (108) (120) Comprehensive income $1,676 $373 $2,049 $3,399 $279 $3,678
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) March 31, 2023 December 31, 2022 Single-Family $2,988,635 $2,986,045 Multifamily 426,039 429,302 Total segment assets 3,414,674 3,415,347 Reconciling items (1) (189,694) (207,014) Total assets per condensed consolidated balance sheets $3,224,980 $3,208,333

Concentration of Credit and O_2

Concentration of Credit and Other Risks (Tables)	3 Months Ended
Concentration of Credit and Other Risks (Tables)	Mar. 31, 2023
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 , and Note 5 for more 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 March 31, 2023 December 31, 2022 (Dollars in millions) Portfolio UPB (1) % of Portfolio SDQ Rate Portfolio UPB (1) % of Portfolio SDQ Rate Region: (2) West $905,823 30 % 0.46 % $906,123 30 % 0.49 % Northeast 694,781 23 0.76 695,944 23 0.82 North Central 435,435 15 0.61 436,294 15 0.65 Southeast 514,825 17 0.67 512,495 17 0.73 Southwest 437,497 15 0.58 434,907 15 0.63 Total $2,988,361 100 % 0.62 $2,985,763 100 % 0.66 State: California $515,908 17 % 0.47 $516,891 17 % 0.51 Texas 203,128 7 0.58 200,807 7 0.64 Florida 192,552 6 0.78 191,009 6 0.84 New York 130,010 4 1.08 129,935 4 1.16 Illinois 112,289 4 0.83 112,784 4 0.90 All other 1,834,474 62 0.58 1,834,337 62 0.63 Total $2,988,361 100 % 0.62 $2,985,763 100 % 0.66 (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); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY). 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 more 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 March 31, 2023 December 31, 2022 (Dollars in millions) Portfolio UPB % of Portfolio Delinquency Rate (1) Portfolio UPB % of Portfolio Delinquency Rate (1) Region (2)(3) : West $106,840 25 % 0.04 % $107,260 25 % 0.04 % Northeast 104,627 25 0.30 106,478 25 0.28 North Central 40,555 10 0.16 40,524 9 0.16 Southeast 84,801 20 0.04 85,438 20 0.04 Southwest 89,216 20 0.13 89,602 21 0.08 Total $426,039 100 % 0.13 $429,302 100 % 0.12 (1) Based on loans two monthly payments or more delinquent or in foreclosure. (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); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY). (3) The UPB of loans collateralized by properties located in multiple regions are reported entirely in the region with the largest underlying collateral UPB as of origination.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
Fair Value Disclosures (Tables)	Mar. 31, 2023
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 March 31, 2023 (In millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Total Assets: Investment securities: Available-for-sale $— $5,516 $853 $— $6,369 Trading: Mortgage-related securities — 6,169 2,905 — 9,074 Non-mortgage-related securities 21,884 385 — — 22,269 Total trading securities 21,884 6,554 2,905 — 31,343 Total investment securities 21,884 12,070 3,758 — 37,712 Mortgage loans held-for-sale — 2,579 347 — 2,926 Mortgage loans held-for-investment — 1,174 64 — 1,238 Other assets: Guarantee assets — — 5,432 — 5,432 Derivative assets, net — 5,477 3 (5,089) 391 Other assets — 34 125 — 159 Total other assets — 5,511 5,560 (5,089) 5,982 Total assets carried at fair value on a recurring basis $21,884 $21,334 $9,729 ($5,089) $47,858 Liabilities: Debt: Debt of consolidated trusts $— $1,858 $290 $— $2,148 Debt of Freddie Mac — 569 94 — 663 Total debt — 2,427 384 — 2,811 Other liabilities: Derivative liabilities, net 13 9,367 77 (8,564) 893 Other liabilities — 1 — — 1 Total other liabilities 13 9,368 77 (8,564) 894 Total liabilities carried at fair value on a recurring basis $13 $11,795 $461 ($8,564) $3,705 Referenced footnote is included after the prior period table. December 31, 2022 (In millions) Level 1 Level 2 Level 3 Netting Adjustments (1) Total Assets: Investment securities: Available-for-sale $— $5,640 $894 $— $6,534 Trading: Mortgage-related securities — 5,603 2,731 — 8,334 Non-mortgage-related securities 23,453 380 — — 23,833 Total trading securities 23,453 5,983 2,731 — 32,167 Total investment securities 23,453 11,623 3,625 — 38,701 Mortgage loans held-for-sale — 2,908 310 — 3,218 Mortgage loans held-for-investment — 1,104 110 — 1,214 Other assets: Guarantee assets — — 5,442 — 5,442 Derivative assets, net — 6,397 2 (6,092) 307 Other assets — 12 129 — 141 Total other assets — 6,409 5,573 (6,092) 5,890 Total assets carried at fair value on a recurring basis $23,453 $22,044 $9,618 ($6,092) $49,023 Liabilities: Debt: Debt of consolidated trusts $— $1,656 $288 $— $1,944 Debt of Freddie Mac — 1,003 100 — 1,103 Total debt — 2,659 388 — 3,047 Other liabilities: Derivative liabilities, net — 10,823 97 (10,162) 758 Other liabilities — 1 — — 1 Total other liabilities — 10,824 97 (10,162) 759 Total liabilities carried at fair value on a recurring basis $— $13,483 $485 ($10,162) $3,806
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 1Q 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 March 31, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of March 31, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $894 $1 ($3) $— $— $— ($39) $— $— $853 $— ($3) Trading 2,731 (139) — 324 — — (11) — — 2,905 33 — Total investment securities 3,625 (138) (3) 324 — — (50) — — 3,758 33 (3) Mortgage loans held-for-sale 310 1 — 26 — — (1) 11 — 347 — — Mortgage loans held-for-investment 110 2 — — — — — — (48) 64 2 — Other assets: Guarantee assets 5,442 85 — — 127 — (222) — — 5,432 85 — Other assets 131 16 — (10) — — (9) — — 128 16 — Total other assets 5,573 101 — (10) 127 — (231) — — 5,560 101 — Total assets $9,618 ($34) ($3) $340 $127 $— ($282) $11 ($48) $9,729 $136 ($3) Liabilities Debt $388 ($12) $— $— $12 $— ($4) $— $— $384 ($8) $— Other liabilities 97 (18) — — — — (2) — — 77 (19) — Total liabilities $485 ($30) $— $— $12 $— ($6) $— $— $461 ($27) $— 1Q 2022 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 March 31, 2022 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of March 31, 2022 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $1,286 ($1) ($36) $— $— $— ($91) $30 $— $1,188 ($1) ($29) Trading 3,386 (426) — 243 — — (18) — (20) 3,165 (256) — Total investment securities 4,672 (427) (36) 243 — — (109) 30 (20) 4,353 (257) (29) Other assets: Guarantee assets 5,919 (316) — — 333 — (240) — — 5,696 (316) — Other assets 101 16 — (4) 3 — (2) — — 114 16 — Total other assets 6,020 (300) — (4) 336 — (242) — — 5,810 (300) — Total assets $10,692 ($727) ($36) $239 $336 $— ($351) $30 ($20) $10,163 ($557) ($29) Liabilities Debt $294 $23 $— $— $86 $— ($1) $— $— $402 $33 $— Other liabilities 24 24 — — — — (1) — — 47 24 — Total liabilities $318 $47 $— $— $86 $— ($2) $— $— $449 $57 $— (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.
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 1Q 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 March 31, 2023 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of March 31, 2023 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $894 $1 ($3) $— $— $— ($39) $— $— $853 $— ($3) Trading 2,731 (139) — 324 — — (11) — — 2,905 33 — Total investment securities 3,625 (138) (3) 324 — — (50) — — 3,758 33 (3) Mortgage loans held-for-sale 310 1 — 26 — — (1) 11 — 347 — — Mortgage loans held-for-investment 110 2 — — — — — — (48) 64 2 — Other assets: Guarantee assets 5,442 85 — — 127 — (222) — — 5,432 85 — Other assets 131 16 — (10) — — (9) — — 128 16 — Total other assets 5,573 101 — (10) 127 — (231) — — 5,560 101 — Total assets $9,618 ($34) ($3) $340 $127 $— ($282) $11 ($48) $9,729 $136 ($3) Liabilities Debt $388 ($12) $— $— $12 $— ($4) $— $— $384 ($8) $— Other liabilities 97 (18) — — — — (2) — — 77 (19) — Total liabilities $485 ($30) $— $— $12 $— ($6) $— $— $461 ($27) $— 1Q 2022 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 March 31, 2022 (2) Change in Unrealized Gains/Losses (1) , Net of Tax, Included in OCI Related to Assets and Liabilities Still Held as of March 31, 2022 (In millions) Included in Included in Other Assets Investment securities: Available-for-sale $1,286 ($1) ($36) $— $— $— ($91) $30 $— $1,188 ($1) ($29) Trading 3,386 (426) — 243 — — (18) — (20) 3,165 (256) — Total investment securities 4,672 (427) (36) 243 — — (109) 30 (20) 4,353 (257) (29) Other assets: Guarantee assets 5,919 (316) — — 333 — (240) — — 5,696 (316) — Other assets 101 16 — (4) 3 — (2) — — 114 16 — Total other assets 6,020 (300) — (4) 336 — (242) — — 5,810 (300) — Total assets $10,692 ($727) ($36) $239 $336 $— ($351) $30 ($20) $10,163 ($557) ($29) Liabilities Debt $294 $23 $— $— $86 $— ($1) $— $— $402 $33 $— Other liabilities 24 24 — — — — (1) — — 47 24 — Total liabilities $318 $47 $— $— $86 $— ($2) $— $— $449 $57 $— (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.
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 March 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) Assets Investment securities: Available-for-sale $533 Median of external sources External pricing sources $58.2 - $72.8 $68.2 320 Other Trading 2,023 Single external source External pricing source $0.0 - $5,410.0 $210.0 882 Other Mortgage loans held-for-sale 347 Single external source External pricing source $39.6 - $98.6 $78.7 Guarantee assets 5,074 Discounted cash flows OAS 17 - 186 bps 46 bps 358 Other Insignificant Level 3 assets (2) 192 Total level 3 assets $9,729 Liabilities Insignificant Level 3 liabilities (2) 461 Total level 3 liabilities $461 December 31, 2022 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 $557 Median of external sources External pricing sources $66.3 - $74.6 $70.5 337 Other Trading 2,080 Single external source External pricing source $0.0 - $5,702.4 $224.8 651 Other Mortgage loans held-for-sale 310 Single external source External pricing source $39.6 - $98.1 $76.6 Mortgage loans held-for-investment 110 Single external source External pricing source $76.9 - $87.5 $80.6 Guarantee assets 5,084 Discounted cash flows OAS 17 - 186 bps 45 bps 358 Other Insignificant Level 3 assets (2) 131 Total level 3 assets $9,618 Liabilities Insignificant Level 3 liabilities (2) 485 Total level 3 liabilities $485 (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 March 31, 2023 December 31, 2022 (In millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Mortgage loans (1) $— $454 $2,170 $2,624 $— $386 $1,758 $2,144 (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 March 31, 2023 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions, except for unobservable inputs as shown) Type Range Weighted Average (1) Mortgage loans $1,520 Median of external sources External pricing sources $75.3 - $97.3 $85.5 650 Other Total $2,170 December 31, 2022 Level 3 Fair Value Predominant Valuation Technique(s) Unobservable Inputs ( Dollars in millions, except for unobservable inputs as shown) Type Range Weighted Average (1) Mortgage loans $1,657 Median of external sources External pricing sources $74.8 - $98.6 $86.3 101 Other Total $1,758 (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 March 31, 2023 GAAP Measurement Category (1) Carrying Amount Fair Value (In millions) Level 1 Level 2 Level 3 Netting Adjustments (2) Total Financial Assets Cash and cash equivalents Amortized cost $5,873 $5,873 $— $— $— $5,873 Securities purchased under agreements to resell Amortized cost 108,036 — 112,688 — (4,652) 108,036 Investment securities: Available-for-sale FV - OCI 6,369 — 5,516 853 — 6,369 Trading FV - NI 31,343 21,884 6,554 2,905 — 31,343 Total investment securities 37,712 21,884 12,070 3,758 — 37,712 Mortgage loans: Loans held by consolidated trusts 2,977,998 — 2,337,448 276,492 — 2,613,940 Loans held by Freddie Mac 59,711 — 25,534 30,236 — 55,770 Total mortgage loans (3) Various (4) 3,037,709 — 2,362,982 306,728 — 2,669,710 Other assets: Guarantee assets FV - NI 5,432 — — 5,435 — 5,435 Derivative assets, net FV - NI 391 — 5,477 3 (5,089) 391 Other assets (5) Various 2,805 — 931 1,880 — 2,811 Total other assets 8,628 — 6,408 7,318 (5,089) 8,637 Total financial assets $3,197,958 $27,757 $2,494,148 $317,804 ($9,741) $2,829,968 Financial Liabilities Debt: Debt of consolidated trusts $2,987,050 $— $2,610,811 $696 $— $2,611,507 Debt of Freddie Mac 180,464 — 182,379 3,306 (4,652) 181,033 Total debt Various (6) 3,167,514 — 2,793,190 4,002 (4,652) 2,792,540 Other liabilities: Guarantee obligations Amortized cost 5,639 — — 6,018 — 6,018 Derivative liabilities, net FV - NI 893 13 9,367 77 (8,564) 893 Other liabilities (5) FV - NI 12 — 828 155 — 983 Total other liabilities 6,544 13 10,195 6,250 (8,564) 7,894 Total financial liabilities $3,174,058 $13 $2,803,385 $10,252 ($13,216) $2,800,434 Referenced footnotes are included after the prior period table. December 31, 2022 GAAP Measurement Category (1) Carrying Amount Fair Value (In millions) Level 1 Level 2 Level 3 Netting Adjustments (2) Total Financial Assets Cash and cash equivalents Amortized cost $6,360 $6,360 $— $— $— $6,360 Securities purchased under agreements to resell Amortized cost 87,295 — 99,286 — (11,991) 87,295 Investment securities: Available-for-sale FV - OCI 6,534 — 5,640 894 — 6,534 Trading FV - NI 32,167 23,453 5,983 2,731 — 32,167 Total investment securities 38,701 23,453 11,623 3,625 — 38,701 Mortgage loans: Loans held by consolidated trusts 2,971,601 — 2,331,969 244,045 — 2,576,014 Loans held by Freddie Mac 62,914 — 25,921 32,460 — 58,381 Total mortgage loans Various (4) 3,034,515 — 2,357,890 276,505 — 2,634,395 Other assets: Guarantee assets FV - NI 5,442 — — 5,445 — 5,445 Derivative assets, net FV - NI 307 — 6,397 2 (6,092) 307 Other assets (5) Various 1,739 — 907 835 — 1,742 Total other assets 7,488 — 7,304 6,282 (6,092) 7,494 Total financial assets $3,174,359 $29,813 $2,476,103 $286,412 ($18,083) $2,774,245 Financial Liabilities Debt: Debt of consolidated trusts $2,979,070 $— $2,564,323 $701 $— $2,565,024 Debt of Freddie Mac 166,762 — 175,673 3,162 (11,991) 166,844 Total debt Various (6) 3,145,832 — 2,739,996 3,863 (11,991) 2,731,868 Other liabilities: Guarantee obligations Amortized cost 5,779 — — 6,016 — 6,016 Derivative liabilities, net FV - NI 758 — 10,823 97 (10,162) 758 Other liabilities (5) FV - NI 20 — 1,025 211 — 1,236 Total other liabilities 6,557 — 11,848 6,324 (10,162) 8,010 Total financial liabilities $3,152,389 $— $2,751,844 $10,187 ($22,153) $2,739,878 (1) FV - NI denotes fair value through net income. FV - OCI denotes fair value through other comprehensive income. (2) Represents counterparty netting and cash collateral netting. (3) Excludes basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method hedge relationships as of March 31, 2023. See Note 3 for additional information on basis adjustments associated with closed portfolios during existing portfolio layer method hedges. (4) The GAAP carrying amounts measured at amortized cost, lower-of-cost-or-fair-value, and FV - NI were $3.0 trillion, $9.9 billion, and $4.2 billion as of March 31, 2023, respectively, and $3.0 trillion, $9.0 billion and $4.4 billion as of December 31, 2022, respectively. (5) For other assets, includes advances to lenders, secured lending, and loan commitments. For other liabilities, includes loan commitments.
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 multifamily loan purchase commitments and loans and debt 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) March 31, 2023 December 31, 2022 (In millions) Fair value UPB Difference Fair value UPB Difference Mortgage loans held-for-sale $2,926 $3,063 ($137) $3,218 $3,421 ($203) Mortgage loans held-for-investment 1,238 1,367 (129) 1,214 1,368 (154) Debt of Freddie Mac 460 453 7 892 881 11 Debt of consolidated trusts 1,858 1,981 (123) 1,656 1,833 (177) Other assets/other liabilities 33 N/A N/A 11 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 March 31, 2023 and December 31, 2022. 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 1Q 2023 1Q 2022 (In millions) Gains (Losses) Mortgage loans held-for-sale $4 ($676) Mortgage loans held-for-investment 26 — Debt of Freddie Mac 14 (11) Debt of consolidated trusts (35) 72 Other assets/other liabilities 55 (36)

Regulatory Capital (Tables)

Regulatory Capital (Tables)	3 Months Ended
Regulatory Capital (Tables)	Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Adjusted total assets $3,716 $3,710 Risk-weighted assets (standardized approach) 908 899 March 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 ($25) $73 $73 (2.8) % 8.0 % 8.0 % CET1 capital (53) 41 91 (5.8) 4.5 10.1 Tier 1 capital (39) 54 104 (4.3) 6.0 11.6 Adjusted total capital (39) 73 123 (4.3) 8.0 13.6 Leverage capital: Core capital ($33) $93 $93 (0.9) % 2.5 % 2.5 % Tier 1 capital (39) 93 104 (1.0) 2.5 2.8 December 31, 2022 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 ($27) $72 $72 (3.1) % 8.0 % 8.0 % CET1 capital (55) 40 90 (6.2) 4.5 10.1 Tier 1 capital (41) 54 104 (4.6) 6.0 11.6 Adjusted total capital (41) 72 122 (4.6) 8.0 13.6 Leverage capital: Core capital ($35) $93 $93 (1.0) % 2.5 % 2.5 % Tier 1 capital (41) 93 104 (1.1) 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.

Securitization Activities and_3

Securitization Activities and Consolidation - Non-Consolidated VIEs (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets [Abstract]
Investments in securities, at fair value	$ 37,712	$ 38,701
Other Assets	22,337	27,156
Assets	3,224,980	3,208,333
Fannie Mae Collateral Included In Freddie Mac Commingled Security	100	100
Assets in VIE in which we do not have a variable interest in	700	400
Liabilities [Abstract]
Other Liabilities	10,892	18,174
Variable Interest Entity, Not Primary Beneficiary
Assets [Abstract]
Investments in securities, at fair value	14,393	13,865
Other Assets	5,366	5,374
Assets	537,625	543,456
Maximum Exposure to Loss	459,299	464,696
Liabilities [Abstract]
Other Liabilities	5,913	6,074
Variable Interest Entity, Not Primary Beneficiary \| Other
Assets [Abstract]
Investments in securities, at fair value	0	0
Other Assets	8	8
Assets	166	185
Maximum Exposure to Loss	440	435
Liabilities [Abstract]
Other Liabilities	5	5
Variable Interest Entity, Not Primary Beneficiary \| Single Family Guarantee Segment
Assets [Abstract]
Investments in securities, at fair value	6,752	6,057
Other Assets	453	433
Assets	178,647	181,430
Maximum Exposure to Loss	142,253	145,144
Liabilities [Abstract]
Other Liabilities	1,121	1,147
Variable Interest Entity, Not Primary Beneficiary \| Single Family Guarantee Segment \| Securitization products
Assets [Abstract]
Investments in securities, at fair value	952	965
Other Assets	178	175
Assets	31,139	31,614
Maximum Exposure to Loss	25,329	25,772
Liabilities [Abstract]
Other Liabilities	430	436
Variable Interest Entity, Not Primary Beneficiary \| Single Family Guarantee Segment \| Guarantees of Fannie Mae securities
Assets [Abstract]
Investments in securities, at fair value	5,800	5,092
Other Assets	64	61
Assets	116,807	119,267
Maximum Exposure to Loss	116,807	119,267
Liabilities [Abstract]
Other Liabilities	587	659
Variable Interest Entity, Not Primary Beneficiary \| Single Family Guarantee Segment \| CRT products
Assets [Abstract]
Investments in securities, at fair value	0	0
Other Assets	211	197
Assets	30,701	30,549
Maximum Exposure to Loss	117	105
Liabilities [Abstract]
Other Liabilities	104	52
Variable Interest Entity, Not Primary Beneficiary \| Multifamily
Assets [Abstract]
Investments in securities, at fair value	7,641	7,808
Other Assets	4,905	4,933
Assets	358,812	361,841
Maximum Exposure to Loss	316,606	319,117
Liabilities [Abstract]
Other Liabilities	4,787	4,922
Variable Interest Entity, Not Primary Beneficiary \| Multifamily \| Securitization products
Assets [Abstract]
Investments in securities, at fair value	7,641	7,808
Other Assets	4,903	4,931
Assets	357,747	360,869
Maximum Exposure to Loss	316,606	319,117
Liabilities [Abstract]
Other Liabilities	4,783	4,920
Variable Interest Entity, Not Primary Beneficiary \| Multifamily \| CRT products
Assets [Abstract]
Investments in securities, at fair value	0	0
Other Assets	2	2
Assets	1,065	972
Maximum Exposure to Loss	0	0
Liabilities [Abstract]
Other Liabilities	$ 4	$ 2

Mortgage Loans (Details)

Mortgage Loans (Details) - USD ($) $ in Billions	3 Months Ended
Mortgage Loans (Details) - USD ($) $ in Billions	Mar. 31, 2023	Mar. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Amortized cost basis of SF HFI loans in trial period modification plans	$ 1.8	$ 3.1
Noncash acquisition, mortgage loans held-for-investment acquired in exchange for issuance of debt securities of consolidated trusts	42.5	153.3
Transfers from advances to lenders to loans HFI	$ 21.3	$ 61.5

Mortgage Loans - Mortgage Loans

Mortgage Loans - Mortgage Loans (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivables [Line Items]
UPB of mortgage loans - HFS	$ 13,628	$ 13,108
Cost basis and fair value adjustments, net HFS	(846)	(911)
Total held-for-sale loans, net	12,782	12,197
UPB of mortgage loans - HFI	2,992,302	2,989,884
Cost basis adjustment HFI	39,782	39,825
Allowance for credit losses	(7,835)	(7,391)
Total held-for-investment mortgage loans, net	3,024,249	3,022,318
Total mortgage loans, net	3,037,031	3,034,515
Hedged Asset, Fair Value Hedge, Portfolio Layer, Cumulative Increase (Decrease)	(700)
Mortgage Loans	1,238	1,214
Single-family
Accounts, Notes, Loans and Financing Receivables [Line Items]
UPB of mortgage loans - HFS	3,373	3,564
Cost basis and fair value adjustments, net HFS	(675)	(696)
Total held-for-sale loans, net	2,698	2,868
UPB of mortgage loans - HFI	2,944,949	2,941,505
Cost basis adjustment HFI	39,833	39,896
Allowance for credit losses	(7,675)	(7,314)
Total held-for-investment mortgage loans, net	2,977,107	2,974,087
Total mortgage loans, net	2,979,805	2,976,955
Multifamily
Accounts, Notes, Loans and Financing Receivables [Line Items]
UPB of mortgage loans - HFS	10,255	9,544
Cost basis and fair value adjustments, net HFS	(171)	(215)
Total held-for-sale loans, net	10,084	9,329
UPB of mortgage loans - HFI	47,353	48,379
Cost basis adjustment HFI	(51)	(71)
Allowance for credit losses	(160)	(77)
Total held-for-investment mortgage loans, net	47,142	48,231
Total mortgage loans, net	$ 57,226	$ 57,560

Mortgage Loans - Loans Purchase

Mortgage Loans - Loans Purchased and Sold (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Single-family \| Held for Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchases	$ 58,965	$ 206,935
Single-family \| Held-for-Sale
Financing Receivable, Allowance for Credit Loss [Line Items]
Sales	0	15
Multifamily \| Held for Investment
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchases	3,349	2,565
Multifamily \| Held-for-Sale
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchases	2,695	12,267
Sales	$ 6,150	$ 14,292

Mortgage Loans - Loan Reclassif

Mortgage Loans - Loan Reclassifications (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Held for Investment \| Single-family
Financing Receivable, Allowance for Credit Loss [Line Items]
Single-family reclassifications from held-for-investment to held-for sale, UPB	$ 0	$ 248
Single-family reclassifications from held-for-investment to held-for sale, allowance for credit losses reverse or (established)	0	0
Single-family reclassifications from held-for-sale to held-for-investment, valuation allowance (established) or reversed	0	0
Held for Investment \| Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Single-family reclassifications from held-for-investment to held-for sale, UPB	4,731	315
Single-family reclassifications from held-for-investment to held-for sale, allowance for credit losses reverse or (established)	1	0
Single-family reclassifications from held-for-sale to held-for-investment, valuation allowance (established) or reversed	(27)	0
Held-for-Sale \| Single-family
Financing Receivable, Allowance for Credit Loss [Line Items]
Single-family reclassifications from held-for-sale to held-for-investment, UPB	48	62
Single-family reclassifications from held-for-investment to held-for sale, allowance for credit losses reverse or (established)	4	(3)
Single-family reclassifications from held-for-sale to held-for-investment, valuation allowance (established) or reversed	4	0
Held-for-Sale \| Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Single-family reclassifications from held-for-sale to held-for-investment, UPB	561	246
Single-family reclassifications from held-for-investment to held-for sale, allowance for credit losses reverse or (established)	0	0
Single-family reclassifications from held-for-sale to held-for-investment, valuation allowance (established) or reversed	$ 16	$ 0

Mortgage Loans - Amortized Cost

Mortgage Loans - Amortized Cost Basis of Held-for-Investment Loans on Nonaccrual (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-Accrual Amortized Cost Basis	$ 10,155	$ 15,137	$ 10,137	$ 18,650
Interest Income Recognized	31	51
Single family
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-Accrual Amortized Cost Basis	10,114	15,095	10,095	18,650
Interest Income Recognized	30	51
20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-Accrual Amortized Cost Basis	9,348	13,831	9,307	17,013
Interest Income Recognized	28	49
15-year or less, amortizing fixed-rate
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-Accrual Amortized Cost Basis	434	684	427	844
Interest Income Recognized	1	1
Adjustable-rate and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-Accrual Amortized Cost Basis	332	580	361	793
Interest Income Recognized	1	1
Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Non-Accrual Amortized Cost Basis	41	42	$ 42	$ 0
Interest Income Recognized	$ 1	$ 0

Mortgage Loans - Accrued Intere

Mortgage Loans - Accrued Interest Receivable and Related Charge-Offs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Single family
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued Interest Receivable, Net	$ 8,090		$ 7,967
Accrued Interest Receivable Related Charge-Offs	(48)	$ (87)
Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued Interest Receivable, Net	228		$ 220
Accrued Interest Receivable Related Charge-Offs	$ 0	$ 0

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	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year, write-offs	$ 0
Fiscal year before current fiscal year, write-offs	3
Two years before current fiscal Year, write-offs	8
Three years before current fiscal year, write-offs	2
Four years before current fiscal year, write-offs	1
More than five years before current fiscal Year, write-offs	18
Total	3,031,524	$ 3,028,495
Total current-period gross write-offs	32
20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	32,253	393,152
Current fiscal year, write-offs	0
One year before current fiscal year	410,477	917,605
Fiscal year before current fiscal year, write-offs	3
Two years before current fiscal year	905,523	684,290
Two years before current fiscal Year, write-offs	8
Three years before current fiscal year	674,321	116,810
Three years before current fiscal year, write-offs	2
Four years before current fiscal year	115,218	47,018
Four years before current fiscal year, write-offs	1
Five years before current fiscal year	454,875	418,963
More than five years before current fiscal Year, write-offs	12
Total	2,592,667	2,577,838
Total current-period gross write-offs	26
15-year or less, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,392	31,968
Current fiscal year, write-offs	0
One year before current fiscal year	31,848	141,759
Fiscal year before current fiscal year, write-offs	0
Two years before current fiscal year	137,958	112,195
Two years before current fiscal Year, write-offs	0
Three years before current fiscal year	108,843	14,738
Three years before current fiscal year, write-offs	0
Four years before current fiscal year	14,171	5,594
Four years before current fiscal year, write-offs	0
Five years before current fiscal year	69,235	68,259
More than five years before current fiscal Year, write-offs	1
Total	363,447	374,513
Total current-period gross write-offs	1
Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	761	5,566
Current fiscal year, write-offs	0
One year before current fiscal year	5,937	4,932
Fiscal year before current fiscal year, write-offs	0
Two years before current fiscal year	4,838	1,743
Two years before current fiscal Year, write-offs	0
Three years before current fiscal year	1,703	711
Three years before current fiscal year, write-offs	0
Four years before current fiscal year	686	457
Four years before current fiscal year, write-offs	0
Five years before current fiscal year	15,421	15,641
More than five years before current fiscal Year, write-offs	5
Total	29,346	29,050
Total current-period gross write-offs	5
Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	34,406	430,686
One year before current fiscal year	448,262	1,064,296
Two years before current fiscal year	1,048,319	798,228
Three years before current fiscal year	784,867	132,259
Four years before current fiscal year	130,075	53,069
Five years before current fiscal year	539,531	502,863
Total	2,985,460	2,981,401
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	4,065	66,153
One year before current fiscal year	69,133	394,498
Two years before current fiscal year	395,062	489,315
Three years before current fiscal year	483,968	87,188
Four years before current fiscal year	86,816	38,955
Five years before current fiscal year	436,771	407,819
Total	1,475,815	1,483,928
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	561	16,752
One year before current fiscal year	17,299	119,379
Two years before current fiscal year	119,253	109,685
Three years before current fiscal year	106,899	14,606
Four years before current fiscal year	14,068	5,578
Five years before current fiscal year	69,206	68,240
Total	327,286	334,240
CLTV ratio less than or equal to 60 percent \| Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	74	1,255
One year before current fiscal year	1,312	2,779
Two years before current fiscal year	2,779	1,524
Three years before current fiscal year	1,498	634
Four years before current fiscal year	615	428
Five years before current fiscal year	14,915	15,139
Total	21,193	21,759
CLTV ratio less than or equal to 60 percent \| Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	4,700	84,160
One year before current fiscal year	87,744	516,656
Two years before current fiscal year	517,094	600,524
Three years before current fiscal year	592,365	102,428
Four years before current fiscal year	101,499	44,961
Five years before current fiscal year	520,892	491,198
Total	1,824,294	1,839,927
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	11,184	158,421
One year before current fiscal year	162,441	424,141
Two years before current fiscal year	415,109	190,167
Three years before current fiscal year	184,807	28,991
Four years before current fiscal year	27,759	7,870
Five years before current fiscal year	17,233	10,426
Total	818,533	820,016
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	639	13,042
One year before current fiscal year	12,575	22,007
Two years before current fiscal year	18,425	2,503
Three years before current fiscal year	1,938	132
Four years before current fiscal year	103	16
Five years before current fiscal year	26	16
Total	33,706	37,716
CLTV ratio greater than 60 to 80 percent \| Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	269	2,322
One year before current fiscal year	2,391	1,956
Two years before current fiscal year	1,873	214
Three years before current fiscal year	200	76
Four years before current fiscal year	69	28
Five years before current fiscal year	447	445
Total	5,249	5,041
CLTV ratio greater than 60 to 80 percent \| Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	12,092	173,785
One year before current fiscal year	177,407	448,104
Two years before current fiscal year	435,407	192,884
Three years before current fiscal year	186,945	29,199
Four years before current fiscal year	27,931	7,914
Five years before current fiscal year	17,706	10,887
Total	857,488	862,773
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	6,522	79,901
One year before current fiscal year	86,335	90,006
Two years before current fiscal year	82,824	4,405
Three years before current fiscal year	5,149	569
Four years before current fiscal year	579	164
Five years before current fiscal year	568	419
Total	181,977	175,464
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	123	1,601
One year before current fiscal year	1,500	368
Two years before current fiscal year	275	7
Three years before current fiscal year	6	0
Four years before current fiscal year	0	0
Five years before current fiscal year	1	1
Total	1,905	1,977
CLTV ratio greater than 80 to 90 Percent \| Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	211	1,127
One year before current fiscal year	1,251	186
Two years before current fiscal year	173	5
Three years before current fiscal year	5	1
Four years before current fiscal year	2	1
Five years before current fiscal year	35	34
Total	1,677	1,354
CLTV ratio greater than 80 to 90 Percent \| Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	6,856	82,629
One year before current fiscal year	89,086	90,560
Two years before current fiscal year	83,272	4,417
Three years before current fiscal year	5,160	570
Four years before current fiscal year	581	165
Five years before current fiscal year	604	454
Total	185,559	178,795
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	10,477	86,109
One year before current fiscal year	86,541	8,911
Two years before current fiscal year	12,317	397
Three years before current fiscal year	391	56
Four years before current fiscal year	59	24
Five years before current fiscal year	152	143
Total	109,937	95,640
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	69	570
One year before current fiscal year	462	5
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	1	1
Total	537	576
CLTV ratio greater than 90 to 100 percent \| Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	207	836
One year before current fiscal year	912	11
Two years before current fiscal year	13	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Five years before current fiscal year	16	14
Total	1,148	861
CLTV ratio greater than 90 to 100 percent \| Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	10,753	87,515
One year before current fiscal year	87,915	8,927
Two years before current fiscal year	12,335	397
Three years before current fiscal year	391	56
Four years before current fiscal year	59	24
Five years before current fiscal year	169	158
Total	111,622	97,077
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	5	2,568
One year before current fiscal year	6,027	49
Two years before current fiscal year	211	6
Three years before current fiscal year	6	6
Four years before current fiscal year	5	5
Five years before current fiscal year	151	156
Total	6,405	2,790
CLTV ratio greater than 100 percent \| 15-year or less, amortizing fixed-rate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	3
One year before current fiscal year	12	0
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	1	1
Total	13	4
CLTV ratio greater than 100 percent \| Adjustable-rate and other
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	26
One year before current fiscal year	71	0
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	8	9
Total	79	35
CLTV ratio greater than 100 percent \| Single family
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	5	2,597
One year before current fiscal year	6,110	49
Two years before current fiscal year	211	6
Three years before current fiscal year	6	6
Four years before current fiscal year	5	5
Five years before current fiscal year	160	166
Total	$ 6,497	$ 2,829

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	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 3,031,524	$ 3,028,495
Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,588	21,854
One year before current fiscal year	18,854	7,678
Two years before current fiscal year	7,850	6,614
Three years before current fiscal year	6,627	5,043
Four years before current fiscal year	5,027	1,091
Five years before current fiscal year	3,876	2,890
Revolving Loans	2,242	1,924
Total	46,064	47,094
Multifamily \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,588	21,854
One year before current fiscal year	18,854	7,638
Two years before current fiscal year	7,733	6,546
Three years before current fiscal year	6,479	4,784
Four years before current fiscal year	4,810	1,077
Five years before current fiscal year	3,660	2,646
Revolving Loans	2,242	1,924
Total	45,366	46,469
Multifamily \| Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	0	39
Two years before current fiscal year	39	65
Three years before current fiscal year	73	232
Four years before current fiscal year	190	7
Five years before current fiscal year	17	113
Revolving Loans	0	0
Total	319	456
Multifamily \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0	0
One year before current fiscal year	0	1
Two years before current fiscal year	78	3
Three years before current fiscal year	75	27
Four years before current fiscal year	27	7
Five years before current fiscal year	199	131
Revolving Loans	0	0
Total	379	169
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	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	0
Revolving Loans	0	0
Total	$ 0	$ 0

Mortgage Loans - Amortized Co_4

Mortgage Loans - Amortized Cost Basis of Held-for-Investment Loans by Payment Status (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Total	$ 3,031,524	$ 3,028,495
Three months or more past due and accruing	3,238	3,653
Non-Accrual with no allowance	565	640
Mortgage Loans in Process of Foreclosure, Amount	1,900	1,600
20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	2,592,667	2,577,838
Three months or more past due and accruing	3,053	3,432
Non-Accrual with no allowance	499	522
15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	363,447	374,513
Three months or more past due and accruing	157	191
Non-Accrual with no allowance	7	9
Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Total	29,346	29,050
Three months or more past due and accruing	28	30
Non-Accrual with no allowance	59	67
Single-family
Financing Receivable, Past Due [Line Items]
Total	2,985,460	2,981,401
Three months or more past due and accruing	3,238	3,653
Non-Accrual with no allowance	565	598
Multifamily
Financing Receivable, Past Due [Line Items]
Total	46,064	47,094
Three months or more past due and accruing	0	0
Non-Accrual with no allowance	0	42
Current
Financing Receivable, Past Due [Line Items]
Total	2,996,795	2,988,423
Current \| 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	2,560,613	2,541,057
Current \| 15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	361,524	372,065
Current \| Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Total	28,650	28,262
Current \| Single-family
Financing Receivable, Past Due [Line Items]
Total	2,950,787	2,941,384
Current \| Multifamily
Financing Receivable, Past Due [Line Items]
Total	46,008	47,039
One Month Past Due
Financing Receivable, Past Due [Line Items]
Total	17,440	21,748
One Month Past Due \| 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	16,017	19,820
One Month Past Due \| 15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	1,131	1,590
One Month Past Due \| Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Total	279	325
One Month Past Due \| Single-family
Financing Receivable, Past Due [Line Items]
Total	17,427	21,735
One Month Past Due \| Multifamily
Financing Receivable, Past Due [Line Items]
Total	13	13
Two Months Past Due
Financing Receivable, Past Due [Line Items]
Total	4,308	4,941
Two Months Past Due \| 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	4,017	4,603
Two Months Past Due \| 15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	214	250
Two Months Past Due \| Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Total	75	88
Two Months Past Due \| Single-family
Financing Receivable, Past Due [Line Items]
Total	4,306	4,941
Two Months Past Due \| Multifamily
Financing Receivable, Past Due [Line Items]
Total	2	0
Three Months or More Past Due, or in Foreclosure(1)
Financing Receivable, Past Due [Line Items]
Total	12,981	13,383
Three Months or More Past Due, or in Foreclosure(1) \| 20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	12,020	12,358
Three Months or More Past Due, or in Foreclosure(1) \| 15-year or less, amortizing fixed-rate
Financing Receivable, Past Due [Line Items]
Total	578	608
Three Months or More Past Due, or in Foreclosure(1) \| Adjustable-rate and other
Financing Receivable, Past Due [Line Items]
Total	342	375
Three Months or More Past Due, or in Foreclosure(1) \| Single-family
Financing Receivable, Past Due [Line Items]
Total	12,940	13,341
Three Months or More Past Due, or in Foreclosure(1) \| Multifamily
Financing Receivable, Past Due [Line Items]
Total	$ 41	$ 42

Mortgage Loans - Single-Family

Mortgage Loans - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	$ 7,925	$ 13,735
Percentage of class of financing receivable	0.30%	0.50%
Amortized cost basis of loans in payment deferral plans	$ 2,700	$ 5,100
20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	$ 7,480	$ 12,764
Percentage of class of financing receivable	0.30%	0.50%
15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	$ 352	$ 666
Percentage of class of financing receivable	0.10%	0.20%
Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	$ 93	$ 305
Percentage of class of financing receivable	0.30%	1.10%
payment delay [Member] \| Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	$ 6,765	$ 9,941
payment delay [Member] \| 20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	6,357	9,133
payment delay [Member] \| 15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	332	596
payment delay [Member] \| Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	76	212
payment delay and term extension [Member] \| Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	1,069	713
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, Accumulated	1,037	683
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, Accumulated	19	15
payment delay and term extension [Member] \| Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	13	15
payment delay, interest rate reduction, and term extension [Member] \| Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Accumulated	91	3,081
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, Accumulated	86	2,948
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, Accumulated	1	55
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, Accumulated	$ 4	$ 78

Mortgage Loans - Financial Effe

Mortgage Loans - Financial Effects of Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Weighted average interest rate reduction	0.90%	1.60%
Weighted average term extension	180	186
Weighted average payment deferral or principal forbearance	$ 16,000	$ 24,000
15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Weighted average interest rate reduction	0.40%	0.80%
Weighted average term extension	354	366
Weighted average payment deferral or principal forbearance	$ 16,000	$ 25,000
Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Weighted average interest rate reduction	2%	2.20%
Weighted average term extension	206	226
Weighted average payment deferral or principal forbearance	$ 19,000	$ 27,000

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
	Mar. 31, 2023	Mar. 31, 2022
Single family
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	$ 1,134	$ 449
Single family \| payment delay [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	746	435
Single family \| payment delay and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	177	7
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	211	7
20- and 30-year or more, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	1,085	405
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	704	391
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	175	7
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	206	7
15-year or less, amortizing fixed-rate
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	32	28
15-year or less, amortizing fixed-rate \| payment delay [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	32	28
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
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
Adjustable-rate and other
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	17	16
Adjustable-rate and other \| payment delay [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	10	16
Adjustable-rate and other \| payment delay and term extension [Member]
financing receivable, loan restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Subsequent Default	2	0
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	$ 5	$ 0

Mortgage Loans - Payment Status

Mortgage Loans - Payment Status of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Single family
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	$ 28,627	$ 13,735
Single family \| Current
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	17,388	8,458
Single family \| One Month Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	2,512	1,594
Single family \| Two Months Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	1,660	1,463
Single family \| Three Months or More Past Due, or in Foreclosure(1)
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	7,067	2,220
20- and 30-year or more, amortizing fixed-rate
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	27,086	12,764
20- and 30-year or more, amortizing fixed-rate \| Current
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	16,491	7,887
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	2,381	1,486
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	1,572	1,359
20- and 30-year or more, amortizing fixed-rate \| Three Months or More Past Due, or in Foreclosure(1)
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	6,642	2,032
15-year or less, amortizing fixed-rate
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	1,149	666
15-year or less, amortizing fixed-rate \| Current
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	670	380
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	89
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	71	88
15-year or less, amortizing fixed-rate \| Three Months or More Past Due, or in Foreclosure(1)
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	310	109
Adjustable-rate and other
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	392	305
Adjustable-rate and other \| Current
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	227	191
Adjustable-rate and other \| One Month Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	33	19
Adjustable-rate and other \| Two Months Past Due
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	17	16
Adjustable-rate and other \| Three Months or More Past Due, or in Foreclosure(1)
Financing Receivable, Modified [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, after 12 Months	$ 115	$ 79

Financial Guarantees (Details)

Financial Guarantees (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
Financial Guarantees (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Guarantor Obligations [Line Items]
Assets in VIE in which we do not have a variable interest in	$ 700	$ 400
Fannie Mae Collateral Included In Freddie Mac Commingled Security	100	100
CRT Related Derivatives
Guarantor Obligations [Line Items]
Unpaid Principal Balance	2,100	2,100
Guarantees of Fannie Mae securities
Guarantor Obligations [Line Items]
Unpaid Principal Balance	116,807	119,267
Maximum exposure	116,807	119,267
Recognized Liability	$ 0	$ 0
Maximum Remaining Term	39 years	39 years
Other Guarantees
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 166	$ 185
Maximum exposure	440	435
Recognized Liability	$ 0	$ 0
Maximum Remaining Term	30 years	29 years
Single-family
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 40,420	$ 41,080
Maximum exposure	34,619	35,248
Recognized Liability	577	594
Single-family \| Securitization products
Guarantor Obligations [Line Items]
Unpaid Principal Balance	31,130	31,604
Maximum exposure	25,329	25,772
Recognized Liability	$ 385	$ 391
Maximum Remaining Term	40 years	40 years
Single-family \| Other mortgage-related guarantees
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 9,290	$ 9,476
Maximum exposure	9,290	9,476
Recognized Liability	$ 192	$ 203
Maximum Remaining Term	29 years	29 years
Multifamily
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 368,431	$ 371,379
Maximum exposure	327,290	329,627
Recognized Liability	5,129	5,268
Multifamily \| Securitization products
Guarantor Obligations [Line Items]
Unpaid Principal Balance	357,747	360,869
Maximum exposure	316,606	319,117
Recognized Liability	$ 4,751	$ 4,889
Maximum Remaining Term	37 years	37 years
Multifamily \| Other mortgage-related guarantees
Guarantor Obligations [Line Items]
Unpaid Principal Balance	$ 10,684	$ 10,510
Maximum exposure	10,684	10,510
Recognized Liability	$ 378	$ 379
Maximum Remaining Term	36 years	36 years

UPB of Loans Underlying Our Gua

UPB of Loans Underlying Our Guarantees by Payment Status (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Guarantor Obligations [Line Items]
Current	$ 403,434	$ 407,152
One Month Past Due	2,326	2,095
Two Months Past Due	750	760
Three Months or More Past Due, or in Foreclosure	2,341	2,452
Total	408,851	412,459
Single family
Guarantor Obligations [Line Items]
Current	35,753	36,241
One Month Past Due	2,075	2,072
Two Months Past Due	729	748
Three Months or More Past Due, or in Foreclosure	1,863	2,019
Total	40,420	41,080
Multifamily
Guarantor Obligations [Line Items]
Current	367,681	370,911
One Month Past Due	251	23
Two Months Past Due	21	12
Three Months or More Past Due, or in Foreclosure	478	433
Total	$ 368,431	$ 371,379

Guarantees and Other Off-Bala_3

Guarantees and Other Off-Balance Sheet Credit Exposures (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Guarantor Obligations [Line Items]
Mortgage loan purchase commitments	$ 11,249	$ 9,609
Other Loan Commitments	34,923	22,293
Unpaid Principal Balance Of off-Balance Sheet Credit Exposure	46,172	31,902
Commitments with FVO election	$ 2,100	$ 500

Allowance for Credit Losses - S

Allowance for Credit Losses - Schedule (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	$ 8,321	$ 4,921
Allowance for credit loss
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	7,893	5,518
Provision (benefit) for credit losses	395	(837)
Charge-offs	(90)	(173)
Recoveries collected	32	52
Other(1)	91	361
Held for Investment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	7,835	4,389
Other Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	486	532
Single family
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	8,097	4,849
Single family \| Allowance for credit loss
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	7,746	5,440
Provision (benefit) for credit losses	318	(831)
Charge-offs	(90)	(173)
Recoveries collected	32	52
Other(1)	91	361
Single family \| Held for Investment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	7,675	4,358
Single family \| Other Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	422	491
Multifamily
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	224	72
Multifamily \| Allowance for credit loss
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	147	78
Provision (benefit) for credit losses	77	(6)
Charge-offs	0	0
Recoveries collected	0	0
Other(1)	0	0
Multifamily \| Held for Investment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	160	31
Multifamily \| Other Allowance for Credit Losses
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending balance	$ 64	$ 41

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Millions	3 Months Ended
Investment Securities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Net unrealized gains (losses) on trading securities held at balance sheets date	$ 200	$ 1,000
Available-for-sale securities scheduled to contractually mature after ten years	1,500
Available-for-sale securities scheduled to contractually mature after five years through ten years	4,000
Investment securities in exchange for issuance of debt securities of consolidated trusts	600	3,100
Deconsolidation Of Investments	$ 1,400	$ 1,500

Investment Securities - Investm

Investment Securities - Investment Securities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Trading securities	$ 31,343	$ 32,167
Available-for-Sale, at fair value	6,369	6,534
Total fair value of investment securities	$ 37,712	$ 38,701

Investment Securities - Trading

Investment Securities - Trading Securities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Trading Securities [Line Items]
Total fair value of trading securities	$ 31,343	$ 32,167
Mortage-related securities
Trading Securities [Line Items]
Total fair value of trading securities	9,074	8,334
Non-mortgage-related securities
Trading Securities [Line Items]
Total fair value of trading securities	$ 22,269	$ 23,833

Investment Securities - Availab

Investment Securities - Available-For-Sale Securities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost Basis	$ 6,414	$ 6,644
Gross Unrealized Gains in Other Comprehensive Income	196	194
Gross Unrealized Losses in Other Comprehensive Income	(241)	(304)
Available-for-sale security, at fair value	6,369	6,534
Accrued Interest Receivable	16	15
Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost Basis	6,006	6,215
Gross Unrealized Gains in Other Comprehensive Income	14	6
Gross Unrealized Losses in Other Comprehensive Income	(238)	(301)
Available-for-sale security, at fair value	5,782	5,920
Accrued Interest Receivable	13	12
Other mortgage-related securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost Basis	408	429
Gross Unrealized Gains in Other Comprehensive Income	182	188
Gross Unrealized Losses in Other Comprehensive Income	(3)	(3)
Available-for-sale security, at fair value	587	614
Accrued Interest Receivable	$ 3	$ 3

Investment Securities - Avail_2

Investment Securities - Available-For-Sale Securities in a Gross Unrealized Loss Position (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	$ 3,066	$ 5,132
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(82)	(256)
12 Months or Greater Fair Value	1,709	330
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(159)	(48)
Agency
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	3,038	5,086
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(80)	(253)
12 Months or Greater Fair Value	1,696	325
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(158)	(48)
Other mortgage-related securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 Months Fair Value	28	46
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(2)	(3)
12 Months or Greater Fair Value	13	5
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ (1)	$ 0

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
	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Gross realized gains	$ 2	$ 0
Gross realized losses	(2)	(1)
Net realized gains	$ 0	$ (1)

Debt Text (Details)

Debt Text (Details) $ in Billions	Mar. 31, 2023 USD ($)
Debt Disclosure [Abstract]
Aggregate indebtedness	$ 190.1
Debt cap limit under Purchase Agreement	$ 270

Debt - Total Debt (Details)

Debt - Total Debt (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Net [Abstract]
Long-term debt carrying amount	$ 3,158,833
Total debt	3,167,514	$ 3,145,832
Held by consolidated trusts
Debt Net [Abstract]
Total debt	2,987,050	2,979,070
Held by Freddie Mac
Debt Net [Abstract]
Short-term Debt	8,681	7,712
Long-term debt carrying amount	171,783	159,050
Total debt	$ 180,464	$ 166,762

Debt - Debt of Consolidated Tru

Debt - Debt of Consolidated Trusts (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Carrying Amount	$ 3,167,514	$ 3,145,832
Debt instrument recorded at fair value	2,811	3,047
Held by consolidated trusts
Debt Instrument [Line Items]
UPB	2,938,721	2,929,567
Carrying Amount	2,987,050	2,979,070
Debt instrument recorded at fair value	$ 2,100	$ 1,900
Effective rate for debt securities of consolidated trusts held by third parties	2.47%	2.39%
Held by consolidated trusts \| Single-family
Debt Instrument [Line Items]
UPB	$ 2,903,641	$ 2,898,640
Carrying Amount	2,952,469	2,948,629
Held by consolidated trusts \| Multifamily
Debt Instrument [Line Items]
UPB	35,080	30,927
Carrying Amount	$ 34,581	$ 30,441
Weighted Average Coupon	2.88%	2.66%
Held by consolidated trusts \| Single-family 20- and 30-year or more, fixed-rate \| Single-family
Debt Instrument [Line Items]
UPB	$ 2,522,559	$ 2,507,235
Carrying Amount	$ 2,564,677	$ 2,550,137
Weighted Average Coupon	2.82%	2.76%
Held by consolidated trusts \| Single-family 15-year or less, fixed-rate \| Single-family
Debt Instrument [Line Items]
UPB	$ 357,248	$ 367,844
Carrying Amount	$ 363,390	$ 374,339
Weighted Average Coupon	2.15%	2.14%
Held by consolidated trusts \| Adjustable-rate and other \| Single-family
Debt Instrument [Line Items]
UPB	$ 23,834	$ 23,561
Carrying Amount	$ 24,402	$ 24,153
Weighted Average Coupon	3.29%	3.04%

Debt - Short-Term Debt (Details

Debt - Short-Term Debt (Details) - Held by Freddie Mac - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Short-term Debt [Abstract]
Short-term debt par value	$ 8,716	$ 7,716
Short-term Debt	$ 8,681	$ 7,712
Short-term debt weighted average effective rate	4.36%	3.49%
Discount notes and Reference Bills
Short-term Debt [Abstract]
Short-term debt par value	$ 8,051	$ 6,826
Short-term Debt	$ 8,016	$ 6,822
Short-term debt weighted average effective rate	4.56%	3.71%
Medium-term notes
Short-term Debt [Abstract]
Short-term debt par value	$ 665	$ 890
Short-term Debt	$ 665	$ 890
Short-term debt weighted average effective rate	1.91%	1.81%
Securities sold under agreements to repurchase
Short-term Debt [Abstract]
Short-term debt par value	$ 4,652	$ 11,991
Short-term Debt	$ 4,652	$ 11,991
Short-term debt weighted average effective rate	4.58%	3.86%
Offsetting arrangements
Short-term Debt [Abstract]
Short-term debt par value	$ (4,652)	$ (11,991)
Short-term Debt	$ (4,652)	$ (11,991)

Debt - Long-Term Debt (Details)

Debt - Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term Debt	$ 3,158,833
Debt instrument recorded at fair value	2,811	$ 3,047
Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	181,384	170,363
Long-term Debt	$ 171,783	$ 159,050
Long-term debt weighted average effective rate	2.49%	2.20%
Debt instrument recorded at fair value	$ 700	$ 1,100
Callable Medium Term Notes \| Fixed Rate \| Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	115,743	103,584
Long-term Debt	$ 115,680	$ 103,528
Long-term debt weighted average effective rate	2.35%	1.96%
Callable Medium Term Notes \| Variable Rate \| Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 4,941	$ 4,691
Long-term Debt	$ 4,939	$ 4,689
Long-term debt weighted average effective rate	4.04%	3.95%
Non Callable Medium Term Notes \| Fixed Rate \| Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 2,481	$ 2,747
Long-term Debt	$ 2,481	$ 2,747
Long-term debt weighted average effective rate	0.78%	0.73%
Non Callable Medium Term Notes \| Variable Rate \| Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 47	$ 47
Long-term Debt	$ 47	$ 47
Long-term debt weighted average effective rate	8.10%	8.10%
Non Callable Medium Term Notes \| Zero Coupon \| Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 4,836	$ 4,841
Long-term Debt	$ 2,955	$ 2,913
Long-term debt weighted average effective rate	6.12%	6.11%
Non Callable US Dollar Reference Notes Securities \| Fixed Rate \| Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 49,801	$ 49,801
Long-term Debt	$ 49,839	$ 49,832
Long-term debt weighted average effective rate	2.04%	1.76%
CRT products \| Fixed Rate \| Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 86	$ 90
Long-term Debt	$ 86	$ 93
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	$ 3,449	$ 4,562
Long-term Debt	$ 3,342	$ 4,448
Long-term debt weighted average effective rate	9.40%	8.79%
Other \| Held by Freddie Mac
Debt Instrument [Line Items]
Par Value Of Long Term Debt	$ 0	$ 0
Long-term Debt	$ 128	$ 137
Long-term debt weighted average effective rate	0.85%	0.82%
Hedging-Related Basis Adjustments \| Held by Freddie Mac
Debt Instrument [Line Items]
Long-term Debt	$ (7,714)	$ (9,384)

Debt - Contractual Maturity of

Debt - Contractual Maturity of Long-term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Contractual maturities of long term debt
Debt of consolidated trusts held by third parties, STACR, and SCR debt notes	$ 2,942,256
Par Value Of Total Long Term Debt	3,120,105
Net discounts, premiums, debt issuance costs, hedge-related, and other basis adjustments	38,728
Long-term Debt	3,158,833
Held by Freddie Mac
Contractual maturities of long term debt
Long-term debt - 2024	40,271
Long-term debt - 2025	33,340
Long-term debt - 2026	58,018
Long-term debt - 2027	10,097
Long-term debt - 2028	7,793
Long-Term Debt, Maturity, after Year Five	28,330
Long-term Debt	$ 171,783	$ 159,050

Derivatives - Derivative Assets

Derivatives - Derivative Assets and Liabilities at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Notional or contractual amount	$ 992,160	$ 1,057,990
Derivative interest receivable and other	1	35
Netting adjustments to derivative assets	(5,090)	(6,127)
Derivative Asset	391	307
Derivative interest payable and other	(214)	(25)
Netting adjustments to derivative liabilities	8,778	10,187
Derivative liabilities, net	(893)	(758)
Other Contract [Member]
Derivative [Line Items]
Derivative Asset	3	2
Derivative liabilities, net	(649)	(679)
Not Designated as Hedging Instrument, Economic Hedge
Derivative [Line Items]
Notional or contractual amount	802,186	876,692
Derivative assets at fair value	5,152	6,078
Derivative liabilities at fair value	(2,809)	(3,073)
Not Designated as Hedging Instrument, Economic Hedge \| CDX swaption
Derivative [Line Items]
Notional or contractual amount	6,900	10,100
Derivative assets at fair value	2	2
Not Designated as Hedging Instrument, Economic Hedge \| Swaps
Derivative [Line Items]
Notional or contractual amount	445,598	480,824
Derivative assets at fair value	1,427	1,762
Derivative liabilities at fair value	(604)	(526)
Not Designated as Hedging Instrument, Economic Hedge \| Written options \| Written
Derivative [Line Items]
Notional or contractual amount	49,745	46,101
Derivative assets at fair value	0	0
Derivative liabilities at fair value	(1,550)	(1,857)
Not Designated as Hedging Instrument, Economic Hedge \| Purchased options \| Purchased
Derivative [Line Items]
Notional or contractual amount	87,065	92,010
Derivative assets at fair value	3,703	4,302
Derivative liabilities at fair value	0	0
Not Designated as Hedging Instrument, Economic Hedge \| Futures
Derivative [Line Items]
Notional or contractual amount	134,295	182,330
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	716,703	801,265
Derivative assets at fair value	5,130	6,064
Derivative liabilities at fair value	(2,154)	(2,383)
Not Designated as Hedging Instrument, Economic Hedge \| Mortgage commitment derivatives
Derivative [Line Items]
Notional or contractual amount	39,505	29,354
Derivative assets at fair value	19	12
Derivative liabilities at fair value	(6)	(11)
Not Designated as Hedging Instrument, Economic Hedge \| Credit risk transfer [Member]
Derivative [Line Items]
Notional or contractual amount	31,888	31,647
Derivative assets at fair value	0	0
Derivative liabilities at fair value	(110)	(55)
Not Designated as Hedging Instrument, Economic Hedge \| Other Contract [Member]
Derivative [Line Items]
Notional or contractual amount	14,090	14,426
Derivative assets at fair value	3	2
Derivative liabilities at fair value	(539)	(624)
Designated as Hedging Instrument \| Fair Value Hedging
Derivative [Line Items]
Notional or contractual amount	189,974	181,298
Derivative assets at fair value	328	321
Derivative liabilities at fair value	(6,648)	(7,847)
Designated as Hedging Instrument \| Fair Value Hedging \| Swaps
Derivative [Line Items]
Notional or contractual amount	189,974	181,298
Derivative assets at fair value	328	321
Derivative liabilities at fair value	$ (6,648)	$ (7,847)

Derivatives - Derivative Gains

Derivatives - Derivative Gains and Losses (Details) - Not Designated as Hedging Instrument, Economic Hedge - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	$ (682)	$ 3,423
Gain (Loss) on Derivative Instruments \| Interest-rate management derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(587)	1,611
Gain (Loss) on Derivative Instruments \| Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	29	390
Gain (Loss) on Derivative Instruments \| Written options \| Written
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	195	(364)
Gain (Loss) on Derivative Instruments \| Purchased options \| Purchased
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(504)	717
Gain (Loss) on Derivative Instruments \| Futures
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(307)	868
Gain (Loss) on Derivative Instruments \| Mortgage commitment derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(80)	1,839
Gain (Loss) on Derivative Instruments \| CRT-Related Derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	(76)	12
Gain (Loss) on Derivative Instruments \| Other
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gains (losses)	$ 61	$ (39)

Derivatives Derivatives - Gains

Derivatives Derivatives - Gains and Losses on Fair Value Hedge (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Interest income	$ 24,987	$ 17,740
Total interest expense	(20,486)	(13,636)
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	1,123	(2,627)
Gain (loss) on fair value hedging relationships - derivatives designated as hedging instruments	(1,073)	2,055
Interest accrual on fair value hedging derivatives for held-for-investment loan	211	(267)
Discontinued hedge related basis adjustments amortization	31	(124)
Interest rate risk on debt \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on fair value hedging relationships - hedged items	(1,535)	3,861
Gain (loss) on fair value hedging relationships - derivatives designated as hedging instruments	1,534	(3,896)
Interest accrual on fair value hedging derivatives for debt	(1,051)	144
Discontinued hedge related basis adjustments amortization	$ (38)	$ 10

Derivatives Derivatives - Cumul

Derivatives Derivatives - Cumulative Basis Adjustment due to Fair Value Hedges (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Cumulative Basis Adjustments Due to Fair Value Hedging [Line Items]
Carrying amount debt hedged liability	$ (156,649)	$ (142,511)
Total basis adjustment cumulative amount for hedged liability	7,714	9,384
Hedged Asset, Fair Value Hedge, Portfolio Layer, Cumulative Increase (Decrease)	(700)
Basis adjustment amount for hedged liability - discontinued hedge	187	123
Mortgage loans held-for-investment
Cumulative Basis Adjustments Due to Fair Value Hedging [Line Items]
Carrying amount mortgage loans held-for-investment hedged asset	1,126,852	1,108,098
Total basis adjustment cumulative amount for hedged asset	(1,967)	(3,122)
Hedged Asset, Fair Value Hedge, Portfolio Layer, Cumulative Increase (Decrease)	(678)	(959)
Basis adjustment amount for hedged asset - discontinued hedge	(1,289)	(2,163)
Closed Portfolio and Beneficial Interest, Portfolio Layer, Amortized Cost	77,275	79,070
Hedged Asset, Fair Value Hedge, Portfolio Layer, Amount	11,516	11,516
Mortgage loans held-for-sale
Cumulative Basis Adjustments Due to Fair Value Hedging [Line Items]
Carrying amount mortgage loans held-for-investment hedged asset	56	67
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	Mar. 31, 2023	Dec. 31, 2022
Derivative Assets:
Gross Amount Recognized	$ 5,481	$ 6,434
Counterparty netting	(4,052)	(4,468)
Cash Collateral netting	(1,038)	(1,659)
Derivative Asset, Total	391	307
Gross Amount Not Offset in the Consolidated Balance Sheets	(180)	(218)
Net Amount	211	89
Securities purchased under agreements to resell:
Gross Amount Recognized	112,688	99,286
Counterparty netting	(4,652)	(11,991)
Net Amount Presented in the Consolidated Balance Sheets	108,036	87,295
Gross Amount Not Offset in the Consolidated Balance Sheets	(108,036)	(87,295)
Net Amount	0	0
Total:
Gross Amount Recognized	118,169	105,720
Counterparty netting	(8,704)	(16,459)
Cash collateral netting	(1,038)	(1,659)
Net Amount Presented in the Consolidated Balance Sheets	108,427	87,602
Gross Amount Not Offset in the Consolidated Balance Sheets	(108,216)	(87,513)
Net Amount	211	89
Collateral Securities Repledged, Delivered, or Used	100	100
Other
Derivative Assets:
Gross Amount Recognized	3	2
Counterparty netting	0	0
Cash Collateral netting	0	0
Derivative Asset, Total	3	2
Gross Amount Not Offset in the Consolidated Balance Sheets	0	0
Net Amount	3	2
OTC derivatives
Derivative Assets:
Gross Amount Recognized	5,459	6,385
Counterparty netting	(4,052)	(4,468)
Cash Collateral netting	(1,038)	(1,681)
Derivative Asset, Total	369	236
Gross Amount Not Offset in the Consolidated Balance Sheets	(180)	(214)
Net Amount	189	22
Cleared and exchange-traded derivatives
Derivative Assets:
Gross Amount Recognized	0	28
Counterparty netting	0	0
Cash Collateral netting	0	22
Derivative Asset, Total	0	50
Gross Amount Not Offset in the Consolidated Balance Sheets	0	0
Net Amount	0	50
Mortgage commitment derivatives
Derivative Assets:
Gross Amount Recognized	19	19
Counterparty netting	0	0
Cash Collateral netting	0	0
Derivative Asset, Total	19	19
Gross Amount Not Offset in the Consolidated Balance Sheets	0	(4)
Net Amount	19	15
Securities purchased under agreements to resell
Securities purchased under agreements to resell:
Cash Collateral Netting	0	0
Total:
Securities Purchased under Agreements to Resell, Fair Value of Collateral	$ 112,600	$ 54,700

Collateralized Agreements and_4

Collateralized Agreements and Offsetting Arrangements - Offsetting of Financial Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative Liabilities:
Gross Amount Recognized	$ (9,671)	$ (10,945)
Counterparty netting	4,052	4,468
Cash collateral netting	4,726	5,719
Derivative liabilities, net	(893)	(758)
Gross Amount Not Offset in the Consolidated Balance Sheets	168	31
Net Amount	(725)	(727)
Securities Sold under Agreements to Repurchase [Abstract]
Gross Amount Recognized	(4,652)	(11,991)
Counterparty netting	4,652	11,991
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
Offsetting Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned [Abstract]
Gross Amount Recognized	(14,323)	(22,936)
Counterparty netting	8,704	16,459
Cash collateral netting	4,726	5,719
Net Amount Presented in the Consolidated Balance Sheets	(893)	(758)
Gross Amount Not Offset in the Consolidated Balance Sheets	168	31
Net Amount	(725)	(727)
Other
Derivative Liabilities:
Gross Amount Recognized	(649)	(679)
Counterparty netting	0	0
Cash collateral netting	0	0
Derivative liabilities, net	(649)	(679)
Gross Amount Not Offset in the Consolidated Balance Sheets	0	0
Net Amount	(649)	(679)
OTC derivatives
Derivative Liabilities:
Gross Amount Recognized	(8,790)	(10,230)
Counterparty netting	4,052	4,468
Cash collateral netting	4,669	5,702
Derivative liabilities, net	(69)	(60)
Gross Amount Not Offset in the Consolidated Balance Sheets	26	23
Net Amount	(43)	(37)
Cleared and exchange-traded derivatives
Derivative Liabilities:
Gross Amount Recognized	(199)	(25)
Counterparty netting	0	0
Cash collateral netting	57	17
Derivative liabilities, net	(142)	(8)
Gross Amount Not Offset in the Consolidated Balance Sheets	142	8
Net Amount	0	0
Mortgage commitment derivatives
Derivative Liabilities:
Gross Amount Recognized	(33)	(11)
Counterparty netting	0	0
Cash collateral netting	0	0
Derivative liabilities, net	(33)	(11)
Gross Amount Not Offset in the Consolidated Balance Sheets	0	0
Net Amount	(33)	(11)
Securities sold under agreements to repurchase
Offsetting Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned [Abstract]
Cash collateral netting	$ 0	$ 0

Collateralized Agreements and_5

Collateralized Agreements and Offsetting Arrangements - Collateral in the Form of Securities Pledged (Details) - Asset Pledged as Collateral - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	$ 9,209	$ 12,333
Derivative
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,351	1,533
Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	4,619	9,453
Other
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,239	1,347
Debt of consolidated trusts
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	183
Debt of consolidated trusts \| Derivative
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	0
Debt of consolidated trusts \| Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	0
Debt of consolidated trusts \| Other
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	183
Trading securities
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	9,026	5,790
Trading securities \| Derivative
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	2,351	1,533
Trading securities \| Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	4,619	2,910
Trading securities \| Other
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	$ 2,056	1,347
Notes Receivable
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value		6,543
Notes Receivable \| Derivative
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value		0
Notes Receivable \| Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value		6,543
Notes Receivable \| Other
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value		$ 0

Collateralized Agreements and_6

Collateralized Agreements and Offsetting Arrangements - Underlying Collateral Pledged (Details) - Asset Pledged as Collateral - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	$ 9,209	$ 12,333
Securities sold under agreements to repurchase
Collateral in the Form of Securities Pledged [Line Items]
Financial Instruments, Owned, at Fair Value	4,619	9,453
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	4,652	11,991
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	0	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	1,165	11,991
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	3,487	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

Net Interest Income (Details)

Net Interest Income (Details) - USD ($) $ in Millions	3 Months Ended
Net Interest Income (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 31, 2022
Interest income:
Mortgage loans	$ 23,304	$ 17,310
Investment securities	316	384
Other	1,367	46
Interest income	24,987	17,740
Interest expense:
Total interest expense	(20,486)	(13,636)
Net interest income	4,501	4,104
(Provision) benefit for credit losses	(395)	837
Net interest income after (provision) benefit for credit losses	4,106	4,941
Held by consolidated trusts
Interest expense:
Debt of consolidated trusts	(18,261)	(13,249)
Held by Freddie Mac
Interest expense:
Short-term debt	(154)	0
Long-term debt	$ (2,071)	$ (387)

Segment Reporting (Details)

Segment Reporting (Details)	3 Months Ended
Segment Reporting (Details)	Mar. 31, 2023 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
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net interest income	$ 4,501	$ 4,104
Non-interest income
Guarantee income	466	70
Investment gains, net	(225)	1,513
Other income	85	159
Non-interest income	326	1,742
Net revenues	4,827	5,846
(Provision) benefit for credit losses	(395)	837
Non-interest expense
Noninterest Expense	(1,932)	(1,932)
Income before income tax expense	2,500	4,751
Income tax expense	(505)	(953)
Net income	1,995	3,798
Other comprehensive income (loss), net of taxes and reclassification adjustments	54	(120)
Comprehensive income	2,049	3,678
Single Family Guarantee Segment \| Operating segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net interest income	4,296	3,806
Non-interest income
Guarantee income	32	30
Investment gains, net	(179)	1,252
Other income	54	126
Non-interest income	(93)	1,408
Net revenues	4,203	5,214
(Provision) benefit for credit losses	(318)	831
Non-interest expense
Noninterest Expense	(1,783)	(1,778)
Income before income tax expense	2,102	4,267
Income tax expense	(425)	(856)
Net income	1,677	3,411
Other comprehensive income (loss), net of taxes and reclassification adjustments	(1)	(12)
Comprehensive income	1,676	3,399
Multifamily \| Operating segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net interest income	205	298
Non-interest income
Guarantee income	434	40
Investment gains, net	(46)	261
Other income	31	33
Non-interest income	419	334
Net revenues	624	632
(Provision) benefit for credit losses	(77)	6
Non-interest expense
Noninterest Expense	(149)	(154)
Income before income tax expense	398	484
Income tax expense	(80)	(97)
Net income	318	387
Other comprehensive income (loss), net of taxes and reclassification adjustments	55	279
Comprehensive income	$ 373	$ (108)

Segment Reporting - Segment Ass

Segment Reporting - Segment Assets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 3,224,980	$ 3,208,333
Reconciling items
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	(189,694)	(207,014)
Single Family Guarantee Segment \| Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	2,988,635	2,986,045
Multifamily \| Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	426,039	429,302
Operating segments \| Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total Assets	$ 3,414,674	$ 3,415,347

Concentration of Credit and O_3

Concentration of Credit and Other Risks - Concentration of Credit Risk - Single-Family Mortgage Portfolio (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.62%	0.66%
West
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.46%	0.49%
Northeast
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.76%	0.82%
North Central
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.61%	0.65%
Southeast
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.67%	0.73%
Southwest
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.58%	0.63%
California
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.47%	0.51%
Texas
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.58%	0.64%
Florida
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.78%	0.84%
New York
Concentration Risk [Line Items]
Single-Family serious delinquency rate	1.08%	1.16%
Illinois
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.83%	0.90%
All Other
Concentration Risk [Line Items]
Single-Family serious delinquency rate	0.58%	0.63%
Geographic Concentration Risk \| Single-family UPB
Concentration Risk [Line Items]
Portfolio UPB	$ 2,988,361	$ 2,985,763
Concentration risk percentage	100%	100%
Geographic Concentration Risk \| Single-family UPB \| West
Concentration Risk [Line Items]
Portfolio UPB	$ 905,823	$ 906,123
Concentration risk percentage	30%	30%
Geographic Concentration Risk \| Single-family UPB \| Northeast
Concentration Risk [Line Items]
Portfolio UPB	$ 694,781	$ 695,944
Concentration risk percentage	23%	23%
Geographic Concentration Risk \| Single-family UPB \| North Central
Concentration Risk [Line Items]
Portfolio UPB	$ 435,435	$ 436,294
Concentration risk percentage	15%	15%
Geographic Concentration Risk \| Single-family UPB \| Southeast
Concentration Risk [Line Items]
Portfolio UPB	$ 514,825	$ 512,495
Concentration risk percentage	17%	17%
Geographic Concentration Risk \| Single-family UPB \| Southwest
Concentration Risk [Line Items]
Portfolio UPB	$ 437,497	$ 434,907
Concentration risk percentage	15%	15%
Geographic Concentration Risk \| Single-family UPB \| California
Concentration Risk [Line Items]
Portfolio UPB	$ 515,908	$ 516,891
Concentration risk percentage	17%	17%
Geographic Concentration Risk \| Single-family UPB \| Texas
Concentration Risk [Line Items]
Portfolio UPB	$ 203,128	$ 200,807
Concentration risk percentage	7%	7%
Geographic Concentration Risk \| Single-family UPB \| Florida
Concentration Risk [Line Items]
Portfolio UPB	$ 192,552	$ 191,009
Concentration risk percentage	6%	6%
Geographic Concentration Risk \| Single-family UPB \| New York
Concentration Risk [Line Items]
Portfolio UPB	$ 130,010	$ 129,935
Concentration risk percentage	4%	4%
Geographic Concentration Risk \| Single-family UPB \| Illinois
Concentration Risk [Line Items]
Portfolio UPB	$ 112,289	$ 112,784
Concentration risk percentage	4%	4%
Geographic Concentration Risk \| Single-family UPB \| All Other
Concentration Risk [Line Items]
Portfolio UPB	$ 1,834,474	$ 1,834,337
Concentration risk percentage	62%	62%

Concentration of Credit and O_4

Concentration of Credit and Other Risks - Concentration of Credit Risk - Multifamily Mortgage Portfolio (Details)(Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.13%	0.12%
West
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.04%	0.04%
Northeast
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.30%	0.28%
North Central
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.16%	0.16%
Southeast
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.04%	0.04%
Southwest
Concentration Risk [Line Items]
Multifamily Delinquency Rate	0.13%	0.08%
Geographic Concentration Risk \| Multifamily Unpaid Principal Balance [Member]
Concentration Risk [Line Items]
Portfolio UPB	$ 426,039	$ 429,302
Unpaid Principal Balance, Percent Of Portfolio	100%	100%
Geographic Concentration Risk \| Multifamily Unpaid Principal Balance [Member] \| West
Concentration Risk [Line Items]
Portfolio UPB	$ 106,840	$ 107,260
Unpaid Principal Balance, Percent Of Portfolio	25%	25%
Geographic Concentration Risk \| Multifamily Unpaid Principal Balance [Member] \| Northeast
Concentration Risk [Line Items]
Portfolio UPB	$ 104,627	$ 106,478
Unpaid Principal Balance, Percent Of Portfolio	25%	25%
Geographic Concentration Risk \| Multifamily Unpaid Principal Balance [Member] \| North Central
Concentration Risk [Line Items]
Portfolio UPB	$ 40,555	$ 40,524
Unpaid Principal Balance, Percent Of Portfolio	10%	9%
Geographic Concentration Risk \| Multifamily Unpaid Principal Balance [Member] \| Southeast
Concentration Risk [Line Items]
Portfolio UPB	$ 84,801	$ 85,438
Unpaid Principal Balance, Percent Of Portfolio	20%	20%
Geographic Concentration Risk \| Multifamily Unpaid Principal Balance [Member] \| Southwest
Concentration Risk [Line Items]
Portfolio UPB	$ 89,216	$ 89,602
Unpaid Principal Balance, Percent Of Portfolio	20%	21%

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Available-For-Sale, at Fair Value:
Debt Securities, Available-for-sale	$ 6,369	$ 6,534
Mortgage Loans [Abstract]
Held-for-sale, at fair value	2,926	3,218
Mortgage loans held-for-investment	1,238	1,214
Derivative Assets Net [Abstract]
Derivative Asset, Total	391	307
Other Assets [Abstract]
Total other assets	5,982	5,890
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	2,811	3,047
Other liabilities
Total other liabilities	894	759
Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	2,100	1,900
Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	700	1,100
Fair Value, Measurements, Recurring
Available-For-Sale, at Fair Value:
Debt Securities, Available-for-sale	6,369	6,534
Trading, at Fair Value:
Trading securities, at fair value	31,343	32,167
Total investments in securities	37,712	38,701
Mortgage Loans [Abstract]
Held-for-sale, at fair value	2,926	3,218
Mortgage loans held-for-investment	1,238	1,214
Derivative Assets Net [Abstract]
Derivative assets, net	391	307
Other Assets [Abstract]
Guarantee Assets	5,432	5,442
Derivative assets, net	391	307
All Other Assets	159	141
Netting adjustments	(5,089)	(6,092)
Total other assets	5,982	5,890
Total assets carried at fair value on a recurring basis	47,858	49,023
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	2,811	3,047
Other liabilities
Derivative liabilities, net	893	758
All other, at fair value	1	1
Netting Adjustment	(8,564)	(10,162)
Total other liabilities	894	759
Total liabilities carried at fair value on a recurring basis	3,705	3,806
Fair Value, Measurements, Recurring \| Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	2,148	1,944
Fair Value, Measurements, Recurring \| Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	663	1,103
Fair Value, Measurements, Recurring \| Mortage-related securities
Trading, at Fair Value:
Trading securities, at fair value	9,074	8,334
Fair Value, Measurements, Recurring \| Non-mortgage-related securities
Trading, at Fair Value:
Trading securities, at fair value	22,269	23,833
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	21,884	23,453
Total investments in securities	21,884	23,453
Mortgage Loans [Abstract]
Held-for-sale, at fair value	0	0
Mortgage loans 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	21,884	23,453
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	0	0
Other liabilities
Derivative liabilities, net	13	0
All other, at fair value	0	0
Total other liabilities	13	0
Total liabilities carried at fair value on a recurring basis	13	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	21,884	23,453
Fair Value, Measurements, Recurring \| Level 2
Available-For-Sale, at Fair Value:
Debt Securities, Available-for-sale	5,516	5,640
Trading, at Fair Value:
Trading securities, at fair value	6,554	5,983
Total investments in securities	12,070	11,623
Mortgage Loans [Abstract]
Held-for-sale, at fair value	2,579	2,908
Mortgage loans held-for-investment	1,174	1,104
Derivative Assets Net [Abstract]
Derivative assets, net	5,477	6,397
Other Assets [Abstract]
Guarantee Assets	0	0
Derivative assets, net	5,477	6,397
All Other Assets	34	12
Total other assets	5,511	6,409
Total assets carried at fair value on a recurring basis	21,334	22,044
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	2,427	2,659
Other liabilities
Derivative liabilities, net	9,367	10,823
All other, at fair value	1	1
Total other liabilities	9,368	10,824
Total liabilities carried at fair value on a recurring basis	11,795	13,483
Fair Value, Measurements, Recurring \| Level 2 \| Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	1,858	1,656
Fair Value, Measurements, Recurring \| Level 2 \| Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	569	1,003
Fair Value, Measurements, Recurring \| Level 2 \| Mortage-related securities
Trading, at Fair Value:
Trading securities, at fair value	6,169	5,603
Fair Value, Measurements, Recurring \| Level 2 \| Non-mortgage-related securities
Trading, at Fair Value:
Trading securities, at fair value	385	380
Fair Value, Measurements, Recurring \| Level 3
Available-For-Sale, at Fair Value:
Debt Securities, Available-for-sale	853	894
Trading, at Fair Value:
Trading securities, at fair value	2,905	2,731
Total investments in securities	3,758	3,625
Mortgage Loans [Abstract]
Held-for-sale, at fair value	347	310
Mortgage loans held-for-investment	64	110
Derivative Assets Net [Abstract]
Derivative assets, net	3	2
Other Assets [Abstract]
Guarantee Assets	5,432	5,442
Derivative assets, net	3	2
All Other Assets	125	129
Total other assets	5,560	5,573
Total assets carried at fair value on a recurring basis	9,729	9,618
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	384	388
Other liabilities
Derivative liabilities, net	77	97
All other, at fair value	0	0
Total other liabilities	77	97
Total liabilities carried at fair value on a recurring basis	461	485
Fair Value, Measurements, Recurring \| Level 3 \| Held by consolidated trusts
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	290	288
Fair Value, Measurements, Recurring \| Level 3 \| Held by Freddie Mac
Liabilities, Fair Value Disclosure [Abstract]
Debt instrument recorded at fair value	94	100
Fair Value, Measurements, Recurring \| Level 3 \| Mortage-related securities
Trading, at Fair Value:
Trading securities, at fair value	2,905	2,731
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
	Mar. 31, 2023	Mar. 31, 2022
Liabilities:
Beginning Balance	$ 485	$ 318
Included in Earnings	(30)	47
Included in Other Comprehensive Income	0	0
Purchases	0	0
Issues	12	86
Sales	0	0
Settlements, Net	(6)	(2)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	461	449
Unrealized Gains (Losses) Still Held - Liabilities	(27)	57
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0
Assets:
Beginning Balance	9,618	10,692
Included in Earnings	(34)	(727)
Included in Other Comprehensive Income	(3)	(36)
Purchases	340	239
Issues	127	336
Sales	0	0
Settlements, net	(282)	(351)
Transfers into Level 3	11	30
Transfers out of Level 3	(48)	(20)
Ending Balance	9,729	10,163
Unrealized Gains (Losses) Still Held - Assets	136	(557)
Unrealized Gains (Losses) Still Held, Assets, OCI	(3)	(29)
Debt
Liabilities:
Beginning Balance	388	294
Included in Earnings	(12)	23
Included in Other Comprehensive Income	0	0
Purchases	0	0
Issues	12	86
Sales	0	0
Settlements, Net	(4)	(1)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	384	402
Unrealized Gains (Losses) Still Held - Liabilities	(8)	33
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0
Other Liabilities
Liabilities:
Beginning Balance	97	24
Included in Earnings	(18)	24
Included in Other Comprehensive Income	0	0
Purchases	0	0
Issues	0	0
Sales	0	0
Settlements, Net	(2)	(1)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	77	47
Unrealized Gains (Losses) Still Held - Liabilities	(19)	24
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	0	0
Available-for-sale securities
Assets:
Beginning Balance	894	1,286
Included in Earnings	1	(1)
Included in Other Comprehensive Income	(3)	(36)
Purchases	0	0
Issues	0	0
Sales	0	0
Settlements, net	(39)	(91)
Transfers into Level 3	0	30
Transfers out of Level 3	0	0
Ending Balance	853	1,188
Unrealized Gains (Losses) Still Held - Assets	0	(1)
Unrealized Gains (Losses) Still Held, Assets, OCI	(3)	(29)
Trading securities
Assets:
Beginning Balance	2,731	3,386
Included in Earnings	(139)	(426)
Included in Other Comprehensive Income	0	0
Purchases	324	243
Issues	0	0
Sales	0	0
Settlements, net	(11)	(18)
Transfers into Level 3	0	0
Transfers out of Level 3	0	(20)
Ending Balance	2,905	3,165
Unrealized Gains (Losses) Still Held - Assets	33	(256)
Unrealized Gains (Losses) Still Held, Assets, OCI	0	0
Investments securities
Assets:
Beginning Balance	3,625	4,672
Included in Earnings	(138)	(427)
Included in Other Comprehensive Income	(3)	(36)
Purchases	324	243
Issues	0	0
Sales	0	0
Settlements, net	(50)	(109)
Transfers into Level 3	0	30
Transfers out of Level 3	0	(20)
Ending Balance	3,758	4,353
Unrealized Gains (Losses) Still Held - Assets	33	(257)
Unrealized Gains (Losses) Still Held, Assets, OCI	(3)	(29)
Mortgage loans held-for-sale
Assets:
Beginning Balance	310
Included in Earnings	1
Included in Other Comprehensive Income	0
Purchases	26
Issues	0
Sales	0
Settlements, net	(1)
Transfers into Level 3	11
Transfers out of Level 3	0
Ending Balance	347
Unrealized Gains (Losses) Still Held - Assets	0
Unrealized Gains (Losses) Still Held, Assets, OCI	0
Mortgage loans held-for-investment
Assets:
Beginning Balance	110
Included in Earnings	2
Included in Other Comprehensive Income	0
Purchases	0
Issues	0
Sales	0
Settlements, net	0
Transfers into Level 3	0
Transfers out of Level 3	(48)
Ending Balance	64
Unrealized Gains (Losses) Still Held - Assets	2
Unrealized Gains (Losses) Still Held, Assets, OCI	0
Other Asset
Assets:
Beginning Balance	5,573	6,020
Included in Earnings	101	(300)
Included in Other Comprehensive Income	0	0
Purchases	(10)	(4)
Issues	127	336
Sales	0	0
Settlements, net	(231)	(242)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	5,560	5,810
Unrealized Gains (Losses) Still Held - Assets	101	(300)
Unrealized Gains (Losses) Still Held, Assets, OCI	0	0
Guarantee Asset
Assets:
Beginning Balance	5,442	5,919
Included in Earnings	85	(316)
Included in Other Comprehensive Income	0	0
Purchases	0	0
Issues	127	333
Sales	0	0
Settlements, net	(222)	(240)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	5,432	5,696
Unrealized Gains (Losses) Still Held - Assets	85	(316)
Unrealized Gains (Losses) Still Held, Assets, OCI	0	0
All Other, at fair value
Assets:
Beginning Balance	131	101
Included in Earnings	16	16
Included in Other Comprehensive Income	0	0
Purchases	(10)	(4)
Issues	0	3
Sales	0	0
Settlements, net	(9)	(2)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Ending Balance	128	114
Unrealized Gains (Losses) Still Held - Assets	16	16
Unrealized Gains (Losses) Still Held, Assets, OCI	$ 0	$ 0

Fair Value Disclosures - Quanti

Fair Value Disclosures - Quantitative Information about Recurring Level 3 Fair Value Measurements (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale	$ 6,369	$ 6,534
Mortgage Loans [Abstract]
Mortgage loans held-for-sale	2,926	3,218
Mortgage loans held-for-investment	1,238	1,214
Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale	6,369	6,534
Trading, at Fair Value:
Trading securities, at fair value	31,343	32,167
Mortgage Loans [Abstract]
Mortgage loans held-for-sale	2,926	3,218
Mortgage loans held-for-investment	1,238	1,214
Other assets:
Guarantee Assets	5,432	5,442
Total Assets carried at fair value on a recurring basis	47,858	49,023
Liabilities [Abstract]
Total liabilities carried at fair value on a recurring basis	3,705	3,806
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale	853	894
Trading, at Fair Value:
Trading securities, at fair value	2,905	2,731
Mortgage Loans [Abstract]
Mortgage loans held-for-sale	347	310
Mortgage loans held-for-investment	64	110
Other assets:
Guarantee Assets	5,432	5,442
Insignificant level3 assets	192	131
Total Assets carried at fair value on a recurring basis	9,729	9,618
Liabilities [Abstract]
Insignificant level3 liabilities	461	485
Total liabilities carried at fair value on a recurring basis	461	485
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	533	557
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 3 \| Single External Source
Trading, at Fair Value:
Trading securities, at fair value	2,023	2,080
Mortgage Loans [Abstract]
Mortgage loans held-for-sale	347	310
Mortgage loans held-for-investment		110
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 3 \| Discounted Cash Flows
Other assets:
Guarantee Assets	5,074	5,084
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 3 \| Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale	320	337
Trading, at Fair Value:
Trading securities, at fair value	882	651
Other assets:
Guarantee Assets	$ 358	$ 358
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)	68.2	70.5
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)	58.2	66.3
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)	72.8	74.6
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)	210	224.8
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 \| Single External Source
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
External Pricing Source(s)	5,410	5,702.4
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)	78.7	76.6
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)	39.6	39.6
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)	98.6	98.1
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)		80.6
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)		76.9
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)		87.5
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	0.46%	0.45%
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	1.86%	1.86%

Fair Value Disclosures - Asse_2

Fair Value Disclosures - Assets Measured at Fair Value on a Non-Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	$ 1,238	$ 1,214
Fair Value, Measurements, Nonrecurring
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	2,624	2,144
Fair Value, Measurements, Nonrecurring \| Level 1
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	0	0
Fair Value, Measurements, Nonrecurring \| Level 2
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	454	386
Fair Value, Measurements, Nonrecurring \| Level 3
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	$ 2,170	$ 1,758

Fair Value Disclosures - Fair_2

Fair Value Disclosures - Fair Value Assets Measured on Nonrecurring Basis Valuation Techniques (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	$ 1,238	$ 1,214
Fair Value, Measurements, Nonrecurring
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	2,624	2,144
Fair Value, Measurements, Nonrecurring \| Level 3
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	2,170	1,758
Fair Value, Measurements, Nonrecurring \| Level 3 \| Mortgage loans \| Median of external sources
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	1,520	1,657
Fair Value, Measurements, Nonrecurring \| Level 3 \| Mortgage loans \| Other Valuation Techniques
Assets, Fair Value Disclosure [Abstract]
Mortgage Loans	$ 650	$ 101
Fair Value, Measurements, Nonrecurring \| Level 3 \| Mortgage loans \| Minimum \| Median of external sources
Assets, Fair Value Disclosure [Abstract]
External Pricing Source(s)	75.3	74.8
Fair Value, Measurements, Nonrecurring \| Level 3 \| Mortgage loans \| Maximum \| Median of external sources
Assets, Fair Value Disclosure [Abstract]
External Pricing Source(s)	97.3	98.6
Fair Value, Measurements, Nonrecurring \| Level 3 \| Mortgage loans \| Weighted Average \| Median of external sources
Assets, Fair Value Disclosure [Abstract]
External Pricing Source(s)	85.5	86.3

Fair Value Disclosures - Fair_3

Fair Value Disclosures - Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financial Assets
Securities Purchased under Agreements to Resell	$ 108,036	$ 87,295
Counterparty netting	(4,652)	(11,991)
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	6,369	6,534
Mortgage Loans [Abstract]
Mortgage Loans	1,238	1,214
Derivative Asset	391	307
Other Assets	5,982	5,890
Financial Liabilities
Debt	2,811	3,047
Counterparty netting	(4,652)	(11,991)
Derivative Liability	893	758
Other Liabilities	10,892	18,174
Other Liabilities, Fair Value	894	759
Held by Freddie Mac
Financial Liabilities
Debt	700	1,100
Held by consolidated trusts
Financial Assets
Securities Purchased under Agreements to Resell	10,881	9,703
Financial Liabilities
Debt	2,100	1,900
GAAP Carrying Amount
Financial Assets
Cash and Cash Equivalents	5,873	6,360
Securities Purchased under Agreements to Resell	108,036	87,295
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	6,369	6,534
Trading, at fair value	31,343	32,167
Total investments in securities	37,712	38,701
Mortgage Loans [Abstract]
Mortgage Loans	3,037,709	3,034,515
Guarantee assets	5,432	5,442
Derivative Asset	391	307
All Other Assets	2,805	1,739
Other Assets	8,628	7,488
Total assets carried at fair value on a recurring basis	3,197,958	3,174,359
Financial Liabilities
Debt	3,167,514	3,145,832
Guarantee obligation	5,639	5,779
Derivative Liability	893	758
Other Liabilities	12	20
Other Liabilities, Fair Value	6,544	6,557
Total Financial Liabilities	3,174,058	3,152,389
GAAP Carrying Amount \| Held by Freddie Mac
Mortgage Loans [Abstract]
Mortgage Loans	59,711	62,914
Financial Liabilities
Debt	180,464	166,762
GAAP Carrying Amount \| Held by consolidated trusts
Mortgage Loans [Abstract]
Mortgage Loans	2,977,998	2,971,601
Financial Liabilities
Debt	2,987,050	2,979,070
GAAP Carrying Amount \| AmortizedCost
Mortgage Loans [Abstract]
Mortgage Loans	3,000,000	3,000,000
Financial Liabilities
Debt	3,200,000	3,100,000
GAAP Carrying Amount \| Lower Of Cost Or Fair Value
Mortgage Loans [Abstract]
Mortgage Loans	9,900	9,000
GAAP Carrying Amount \| FV - NI
Mortgage Loans [Abstract]
Mortgage Loans	4,200	4,400
Financial Liabilities
Debt	2,800	3,000
Fair Value
Financial Assets
Cash and Cash Equivalents	5,873	6,360
Securities Purchased under Agreements to Resell	108,036	87,295
Counterparty netting	(4,652)	(11,991)
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	6,369	6,534
Trading, at fair value	31,343	32,167
Total investments in securities	37,712	38,701
Mortgage Loans [Abstract]
Mortgage Loans	2,669,710	2,634,395
Guarantee assets	5,435	5,445
Derivative Asset	391	307
Netting adjustments	(5,089)	(6,092)
All Other Assets	2,811	1,742
Other Assets	8,637	7,494
Total Asset Netting Adjustment	(9,741)	(18,083)
Total assets carried at fair value on a recurring basis	2,829,968	2,774,245
Financial Liabilities
Debt	2,792,540	2,731,868
Counterparty netting	(4,652)	(11,991)
Guarantee obligation	6,018	6,016
Derivative Liability	893	758
Netting Adjustment	(8,564)	(10,162)
Other Liabilities	983	1,236
Other Liabilities, Fair Value	7,894	8,010
Total Liability Netting Adjustment	(13,216)	(22,153)
Total Financial Liabilities	2,800,434	2,739,878
Fair Value \| Held by Freddie Mac
Mortgage Loans [Abstract]
Mortgage Loans	55,770	58,381
Financial Liabilities
Debt	181,033	166,844
Fair Value \| Held by consolidated trusts
Mortgage Loans [Abstract]
Mortgage Loans	2,613,940	2,576,014
Financial Liabilities
Debt	2,611,507	2,565,024
Fair Value \| Level 1
Financial Assets
Cash and Cash Equivalents	5,873	6,360
Securities Purchased under Agreements to Resell	0	0
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	0	0
Trading, at fair value	21,884	23,453
Total investments in securities	21,884	23,453
Mortgage Loans [Abstract]
Mortgage Loans	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	27,757	29,813
Financial Liabilities
Debt	0	0
Guarantee obligation	0	0
Derivative liabilities, net	13	0
Other Liabilities	0	0
Other Liabilities, Fair Value	13	0
Total Financial Liabilities	13	0
Fair Value \| Level 1 \| Held by Freddie Mac
Mortgage Loans [Abstract]
Mortgage Loans	0	0
Financial Liabilities
Debt	0	0
Fair Value \| Level 1 \| Held by consolidated trusts
Mortgage Loans [Abstract]
Mortgage Loans	0	0
Financial Liabilities
Debt	0	0
Fair Value \| Level 2
Financial Assets
Cash and Cash Equivalents	0	0
Securities Purchased under Agreements to Resell	112,688	99,286
Investments in Securities [Abstract]
Debt Securities, Available-for-sale	5,516	5,640
Trading, at fair value	6,554	5,983
Total investments in securities	12,070	11,623
Mortgage Loans [Abstract]
Mortgage Loans	2,362,982	2,357,890
Guarantee assets	0	0
Derivative assets, net	5,477	6,397
All Other Assets	931	907
Other Assets	6,408	7,304
Total assets carried at fair value on a recurring basis	2,494,148	2,476,103
Financial Liabilities
Debt	2,793,190	2,739,996
Guarantee obligation	0	0
Derivative liabilities, net	9,367	10,823
Other Liabilities	828	1,025
Other Liabilities, Fair Value	10,195	11,848
Total Financial Liabilities	2,803,385	2,751,844
Fair Value \| Level 2 \| Held by Freddie Mac
Mortgage Loans [Abstract]
Mortgage Loans	25,534	25,921
Financial Liabilities
Debt	182,379	175,673
Fair Value \| Level 2 \| Held by consolidated trusts
Mortgage Loans [Abstract]
Mortgage Loans	2,337,448	2,331,969
Financial Liabilities
Debt	2,610,811	2,564,323
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	853	894
Trading, at fair value	2,905	2,731
Total investments in securities	3,758	3,625
Mortgage Loans [Abstract]
Mortgage Loans	306,728	276,505
Guarantee assets	5,435	5,445
Derivative assets, net	3	2
All Other Assets	1,880	835
Other Assets	7,318	6,282
Total assets carried at fair value on a recurring basis	317,804	286,412
Financial Liabilities
Debt	4,002	3,863
Guarantee obligation	6,018	6,016
Derivative liabilities, net	77	97
Other Liabilities	155	211
Other Liabilities, Fair Value	6,250	6,324
Total Financial Liabilities	10,252	10,187
Fair Value \| Level 3 \| Held by Freddie Mac
Mortgage Loans [Abstract]
Mortgage Loans	30,236	32,460
Financial Liabilities
Debt	3,306	3,162
Fair Value \| Level 3 \| Held by consolidated trusts
Mortgage Loans [Abstract]
Mortgage Loans	276,492	244,045
Financial Liabilities
Debt	$ 696	$ 701

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	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Held-for-sale, at fair value	$ 2,926	$ 3,218
Loans Held For Investment Fair Value Disclosure	1,238	1,214
Other assets and other liabilities	33	11
Held by Freddie Mac
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	7	11
Debt, Fair Value	460	892
Debt, Unpaid Principal Balance, with Fair Value Option Elected	453	881
Held by consolidated trusts
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	(123)	(177)
Debt, Fair Value	1,858	1,656
Debt, Unpaid Principal Balance, with Fair Value Option Elected	1,981	1,833
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	(137)	(203)
Loans, Unpaid Principal Balance, with Fair Value Elected	3,063	3,421
Mortgage loans held-for-investment
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	(129)	(154)
Loans, Unpaid Principal Balance, with Fair Value Elected	$ 1,367	$ 1,368

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
	Mar. 31, 2023	Mar. 31, 2022
Mortgage loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ 4	$ (676)
Mortgage loans held-for-investment
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	26	0
Debt \| Held by Freddie Mac
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	14	(11)
Debt \| Held by consolidated trusts
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	(35)	72
Other assets/other liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ 55	$ (36)

Legal Contingencies (Details)

Legal Contingencies (Details) $ in Millions	3 Months Ended
Legal Contingencies (Details) $ in Millions	Mar. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Damages Sought, Value	$ 832
Estimated Pre-judgment Interest	6%

Regulatory Capital Table - ERCF

Regulatory Capital Table - ERCF Capital Requirements (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Compliance with Regulatory Capital Requirements - ERCF [Abstract]
Adjustedtotalassets	$ 3,716,000	$ 3,710,000
Risk-weighted assets (standardized approach)	908,000	899,000
Minimum Capital Requirement [Member]
Risk-based capital amounts [Abstract]
Total capital (statutory)	73,000	72,000
CET1 capital	41,000	40,000
Tier 1 capital	54,000	54,000
Adjusted total capital	$ 73,000	$ 72,000
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)	$ 93,000	$ 93,000
Tier 1 capital	$ 93,000	$ 93,000
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)	$ 73,000	$ 72,000
CET1 capital	91,000	90,000
Tier 1 capital	104,000	104,000
Adjusted total capital	$ 123,000	$ 122,000
Risk-based capital ratios [Abstract]
Total capital (statutory)	8%	8%
CET1 capital	10.10%	10.10%
Tier 1 capital	11.60%	11.60%
Adjusted total capital	13.60%	13.60%
Leverage capital amounts: [Abstract]
Core capital (statutory)	$ 93,000	$ 93,000
Tier 1 capital	$ 104,000	$ 104,000
Leverage capital ratios [Abstract]
Core capital (statutory)	2.50%	2.50%
Tier 1 capital	2.80%	2.80%
Available Capital (Deficit) [Member]
Risk-based capital amounts [Abstract]
Total capital (statutory)	$ (25,000)	$ (27,000)
CET1 capital	(53,000)	(55,000)
Tier 1 capital	(39,000)	(41,000)
Adjusted total capital	$ (39,000)	$ (41,000)
Risk-based capital ratios [Abstract]
Total capital (statutory)	(2.80%)	(3.10%)
CET1 capital	(5.80%)	(6.20%)
Tier 1 capital	(4.30%)	(4.60%)
Adjusted total capital	(4.30%)	(4.60%)
Leverage capital amounts: [Abstract]
Core capital (statutory)	$ (33,000)	$ (35,000)
Tier 1 capital	$ (39,000)	$ (41,000)
Leverage capital ratios [Abstract]
Core capital (statutory)	(0.90%)	(1.00%)
Tier 1 capital	(1.00%)	(1.10%)