The following table displays changes in single-family and multifamily allowance for credit losses and the total allowance for credit losses as well as the components of the single-family and multifamily allowance for credit losses.


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
	(Dollars in millions)
Single-family allowance for credit losses:
Beginning balance	$	(6,286)	$	(5,356)	$	(6,272)	$	(5,487)
(Provision) benefit for credit losses	(226)		(737)		(329)		(761)
Write-offs	233		166		365		357
Recoveries	(66)		(58)		(109)		(94)

Ending balance	$	(6,345)	$	(5,985)	$	(6,345)	$	(5,985)
Multifamily allowance for credit losses:
Beginning balance	$	(2,306)	$	(2,366)	$	(2,320)	$	(2,399)
(Provision) benefit for credit losses	(259)		(209)		(433)		(209)
Write-offs	201		122		444		183
Recoveries	(44)		(33)		(99)		(61)

Ending balance	$	(2,408)	$	(2,486)	$	(2,408)	$	(2,486)
Total allowance for credit losses:
Beginning balance	$	(8,592)	$	(7,722)	$	(8,592)	$	(7,886)
(Provision) benefit for credit losses	(485)		(946)		(762)		(970)
Write-offs	434		288		809		540
Recoveries	(110)		(91)		(208)		(155)

Ending balance	$	(8,753)	$	(8,471)	$	(8,753)	$	(8,471)


Components of allowance for credit losses:
	As of
	June 30, 2026		December 31, 2025
	(Dollars in millions)
Single-family allowance for credit losses:
Allowance for loan losses	$	(6,117)	$	(6,056)
Other(1)	(228)		(216)
Total	$	(6,345)	$	(6,272)
Multifamily allowance for credit losses:
Allowance for loan losses	$	(2,396)	$	(2,308)
Other(1)	(12)		(12)
Total	$	(2,408)	$	(2,320)
Total allowance for credit losses:
Allowance for loan losses	$	(8,513)	$	(8,364)
Other(1)	(240)		(228)
Total	$	(8,753)	$	(8,592)

(1)Consists of allowance for credit losses on advances of pre-foreclosure costs, accrued interest receivable, our guaranty loss reserves, and credit reserves on our AFS debt securities. Pre-foreclosure costs represent advances for property taxes and insurance receivables.