v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets [Abstract]    
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation $ 4,267 $ 5,534
Securities purchased under agreements to resell 95,451 100,118
Investment securities, at fair value 82,850 55,771
Mortgage loans held-for-sale (includes $3,867 and $11,394 at fair value) 6,300 15,560
Total held-for-investment mortgage loans, net 3,206,974 3,172,329
Accrued Interest Receivable 11,583 11,029
Deferred tax assets, net 5,005 5,018
Other Assets 23,850 21,333
Total assets 3,436,280 3,386,692
Liabilities [Abstract]    
Accrued interest payable 10,226 9,822
Debt 3,349,274 3,304,949
Other liabilities (includes $967 and $978 at fair value) 11,969 12,346
Total liabilities 3,371,469 3,327,117
Equity    
Senior preferred stock (liquidation preference of $135,051 and $129,038) 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 (18,089) (23,270)
AOCI, net of taxes, related to:    
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax 113 66
Accumulated Other Comprehensive (Income) Loss, Other, after Tax (85) (93)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total 28 (27)
Treasury stock, at cost, 75,804,333 shares (3,885) (3,885)
Total equity 64,811 59,575
Total liabilities and equity 3,436,280 3,386,692
Held by consolidated trusts    
Assets [Abstract]    
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation 1,037 1,056
Securities purchased under agreements to resell 14,204 12,764
Investment securities, at fair value 28 1
Total held-for-investment mortgage loans, net 3,145,913 3,114,937
Financing Receivable, Accrued Interest, after Allowance for Credit Loss 10,316 9,900
Other Assets 7,106 5,881
Total assets 3,178,604 3,144,539
Liabilities [Abstract]    
Accrued interest payable 8,877 8,469
Debt 3,155,397 3,122,941
Total liabilities $ 3,164,274 $ 3,131,410