v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net cash provided by (used in) operating activities $ 16,484 $ 3,505
Mortgage loans acquired held for investment:    
Purchases (42,188) (26,055)
Proceeds from sales 0 0
Proceeds from repayments 117,152 85,594
Advances to lenders (37,055) (19,487)
Purchases of available-for-sale securities (15,410) 0
Proceeds from sales of available-for-sale securities 3,258 0
Proceeds from disposition of acquired property, preforeclosure sales and insurance proceeds 689 702
Net change in securities purchased under agreements to resell 7,451 (15,245)
Other, net (1,038) (810)
Net cash provided by (used in) investing activities 32,859 24,699
Cash flows provided by (used in) financing activities:    
Other, net (2) (2)
Net cash provided by (used in) financing activities (46,662) (28,669)
Net increase (decrease) in cash and restricted cash 2,681 (465)
Cash and restricted cash at beginning of period 42,583 38,536
Cash and restricted cash at end of period 45,264 38,071
Cash paid during the period for:    
Interest 34,644 33,407
Federal income taxes, net of refunds 0 0
Fannie Mae    
Cash flows provided by (used in) financing activities:    
Borrowings that have an original maturity of three months or less, net (15,240) 114
Proceeds from issuance of debt 45,951 7,165
Payments to redeem debt (7,644) (10,343)
Consolidated Trusts    
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of debt 66,450 62,565
Payments to redeem debt $ (136,177) $ (88,168)