v3.25.2
Mortgage Loans Held for Portfolio (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Mortgage Loans Held for Portfolio by Term and Type
The following tables present information on our mortgage loans held for portfolio by term and type.
TermJune 30, 2025December 31, 2024
Fixed-rate long-term mortgages$11,199,300 $9,958,543 
Fixed-rate medium-term1 mortgages
591,190 632,229 
Total mortgage loans held for portfolio, UPB11,790,490 10,590,772 
Unamortized premiums247,695 224,988 
Unamortized discounts(16,305)(13,583)
Hedging basis adjustments, net(3,789)(6,536)
Total mortgage loans held for portfolio12,018,091 10,795,641 
Allowance for credit losses(125)(125)
Total mortgage loans held for portfolio, net2
$12,017,966 $10,795,516 
1    Defined as a term of 15 years or less at origination.
2    Excludes accrued interest receivable at June 30, 2025 and December 31, 2024 of $72,249 and $60,721, respectively.
TypeJune 30, 2025December 31, 2024
Conventional$11,472,926 $10,322,376 
Government-guaranteed or -insured317,564 268,396 
Total mortgage loans held for portfolio, UPB$11,790,490 $10,590,772 

Credit Quality Indicators for Conventional Mortgage Loans. Amounts past due 30 days or more on conventional mortgage loans at June 30, 2025 and December 31, 2024 totaled $71,788 and $73,424, respectively. Amounts are based on amortized cost, which excludes accrued interest receivable.