v3.25.3
Concentration of Credit and Other Risks (Tables)
 9 Months Ended
Sep. 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
September 30, 2025
(Dollars in millions)
Portfolio UPB(1)
% of PortfolioSDQ Rate
Region:(2)
West$920,864 29 %0.44 %
Northeast725,192 23 0.59 
Southeast560,111 18 0.64 
Southwest474,951 15 0.60 
North Central459,885 15 0.57 
Total$3,141,003 100 %0.57 
State:
California $511,341 16 %0.44 
Texas 227,931 7 0.67 
Florida 212,506 7 0.78 
New York 137,394 4 0.83 
Illinois 117,596 4 0.69 
All other1,934,235 62 0.53 
Total$3,141,003 100 %0.57 
(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
September 30, 2025
(Dollars in millions)Portfolio UPB% of Portfolio
Delinquency Rate(1)
Region(2)(3):
Northeast$121,413 25 %0.91 %
West113,995 24 0.21 
Southeast99,082 21 0.14 
Southwest95,813 20 0.58 
North Central49,661 10 0.79 
Total$479,964 100 %0.51 
State(3):
California$61,303 13 %0.33
Texas60,245 13 0.54
Florida42,141 9 0.13
New York38,682 8 2.23
Georgia20,349 4 0.22
All other257,244 53 0.37
Total$479,964 100 %0.51
(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.