v3.25.2
Concentration of Credit and Other Risks
 6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
Concentration of Credit and Other Risks
Concentration of Credit and Other Risks
Single-Family Mortgage Portfolio
The table below summarizes the concentration by geographic area of our Single-Family mortgage portfolio. See Note 2, Note 3, Note 4, and Note 5 for additional information about credit risk associated with single-family loans that we hold or guarantee.
Table 12.1 - Concentration of Credit Risk of Our Single-Family Mortgage Portfolio
June 30, 2025
(Dollars in millions)
Portfolio UPB(1)
% of PortfolioSDQ Rate
Region:(2)
West$921,200 29 %0.44 %
Northeast721,250 23 0.58 
Southeast556,024 18 0.65 
Southwest471,898 15 0.58 
North Central456,053 15 0.54 
Total$3,126,425 100 %0.55 
State:
California $513,422 17 %0.45 
Texas 226,399 7 0.64 
Florida 211,145 7 0.81 
New York 136,540 4 0.80 
Illinois 116,642 4 0.67 
All other1,922,277 61 0.51 
Total$3,126,425 100 %0.55 
(1)Excludes UPB of loans underlying certain securitization products for which data was not available.
(2)Region designation:
Multifamily Mortgage Portfolio
The table below summarizes the concentration by geographic area of our Multifamily mortgage portfolio. See Note 2, Note 3, Note 4, and Note 5 for additional information about credit risk associated with multifamily loans that we hold or guarantee.
Table 12.2 - Concentration of Credit Risk of Our Multifamily Mortgage Portfolio
June 30, 2025
(Dollars in millions)Portfolio UPB% of Portfolio
Delinquency Rate(1)
Region(2)(3):
Northeast$116,404 25 %0.91 %
West111,932 24 0.21 
Southeast95,789 21 0.21 
Southwest94,574 20 0.42 
North Central47,520 10 0.69 
Total$466,219 100 %0.47 
State(3):
California$60,264 13 %0.31
Texas59,297 13 0.50
Florida40,444 9 0.16
New York36,997 8 2.33
Georgia19,591 4 0.23
All other249,626 53 0.30
Total$466,219 100 %0.47
(1)Based on loans two monthly payments or more delinquent or in foreclosure.
(2)Region designation: Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); West (AK, AS, AZ, CA, GU, HI, ID, MP, MT, NV, OR, UT, WA); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, U.S. VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI).