v3.25.2
Concentration of Credit and Other Risks (Tables)
 6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
Table - Concentration of Credit Risk
The table below summarizes the concentration by geographic area of our Single-Family mortgage portfolio. See Note 2, Note 3, Note 4, and Note 5 for additional information about credit risk associated with single-family loans that we hold or guarantee.
Table 12.1 - Concentration of Credit Risk of Our Single-Family Mortgage Portfolio
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: West (AK, AS, AZ, CA, GU, HI, ID, MP, MT, NV, OR, UT, WA); Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, 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).
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).
(3)Loans collateralized by properties located in multiple regions or states are reported entirely in the region or state with the largest UPB as of origination.