v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash $ 11,485 $ 11,452
Restricted cash (includes $26,323 and $22,848, respectively, related to consolidated trusts) 33,779 31,131
Securities purchased under agreements to resell (includes $19,450 and $18,425, respectively, related to consolidated trusts) 38,199 45,650
Investments in securities, at fair value 75,520 69,889
Mortgage loans:    
Loans held for sale, at lower of cost or fair value 199 209
Loans held for investment, at amortized cost: 4,123,458 4,127,468
Allowance for loan losses (8,357) (8,364)
Total loans held for investment, net of allowance 4,115,101 4,119,104
Total mortgage loans 4,115,300 4,119,313
Advances to lenders 3,509 3,595
Deferred tax assets, net 9,430 9,828
Accrued interest receivable (includes $11,275 and $11,129, respectively, related to consolidated trusts) 11,915 11,689
Other assets 15,498 14,991
Total assets 4,314,635 4,317,538
Liabilities:    
Accrued interest payable (includes $11,277 and $11,320, respectively, related to consolidated trusts) 12,213 12,035
Other liabilities (includes $1,700 and $1,719, respectively, related to consolidated trusts) 16,953 16,062
Total liabilities 4,201,968 4,208,526
Commitments and contingencies (Note 14) 0 0
Fannie Mae stockholders’ equity:    
Senior preferred stock (liquidation preference of $230,511 and $226,984, respectively) 120,836 120,836
Preferred stock, 700,000,000 shares are authorized—555,374,922 shares issued and outstanding 19,130 19,130
Common stock, no par value, no maximum authorization—1,308,762,703 shares issued and 1,158,087,567 shares outstanding 687 687
Accumulated deficit (20,541) (24,261)
Accumulated other comprehensive income (loss) (45) 20
Treasury stock, at cost, 150,675,136 shares (7,400) (7,400)
Total stockholders’ equity 112,667 109,012
Total liabilities and equity 4,314,635 4,317,538
Fannie Mae    
Mortgage loans:    
Loans held for investment, at amortized cost: 60,595 57,970
Liabilities:    
Debt: 150,438 127,289
Consolidated Trusts    
ASSETS    
Restricted cash (includes $26,323 and $22,848, respectively, related to consolidated trusts) 26,323 22,848
Securities purchased under agreements to resell (includes $19,450 and $18,425, respectively, related to consolidated trusts) 19,450 18,425
Mortgage loans:    
Loans held for investment, at amortized cost: 4,062,863 4,069,498
Accrued interest receivable (includes $11,275 and $11,129, respectively, related to consolidated trusts) 11,275 11,129
Liabilities:    
Accrued interest payable (includes $11,277 and $11,320, respectively, related to consolidated trusts) 11,277 11,320
Debt: 4,022,364 4,053,140
Other liabilities (includes $1,700 and $1,719, respectively, related to consolidated trusts) $ 1,700 $ 1,719