v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash $ 11,413 $ 11,452
Restricted cash (includes $22,143 and $22,848, respectively, related to consolidated trusts) 29,401 31,131
Securities purchased under agreements to resell (includes $17,900 and $18,425, respectively, related to consolidated trusts) 37,874 45,650
Investments in securities, at fair value 94,769 69,889
Mortgage loans:    
Loans held for sale, at lower of cost or fair value 648 209
Loans held for investment, at amortized cost: 4,127,518 4,127,468
Allowance for loan losses (8,513) (8,364)
Total loans held for investment, net of allowance 4,119,005 4,119,104
Total mortgage loans 4,119,653 4,119,313
Advances to lenders 1,380 3,595
Deferred tax assets, net 9,185 9,828
Accrued interest receivable (includes $11,477 and $11,129, respectively, related to consolidated trusts) 12,287 11,689
Other assets 16,381 14,991
Total assets 4,332,343 4,317,538
Liabilities:    
Accrued interest payable (includes $11,321 and $11,320, respectively, related to consolidated trusts) 12,423 12,035
Other liabilities (includes $1,701 and $1,719, respectively, related to consolidated trusts) 15,165 16,062
Total liabilities 4,215,846 4,208,526
Commitments and contingencies (Note 14) 0 0
Fannie Mae stockholders’ equity:    
Senior preferred stock (liquidation preference of $234,166 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 (16,559) (24,261)
Accumulated other comprehensive income (loss) (197) 20
Treasury stock, at cost, 150,675,136 shares (7,400) (7,400)
Total stockholders’ equity 116,497 109,012
Total liabilities and equity 4,332,343 4,317,538
Fannie Mae    
Mortgage loans:    
Loans held for investment, at amortized cost: 66,761 57,970
Liabilities:    
Debt: 175,435 127,289
Consolidated Trusts    
ASSETS    
Restricted cash (includes $22,143 and $22,848, respectively, related to consolidated trusts) 22,143 22,848
Securities purchased under agreements to resell (includes $17,900 and $18,425, respectively, related to consolidated trusts) 17,900 18,425
Mortgage loans:    
Loans held for investment, at amortized cost: 4,060,757 4,069,498
Accrued interest receivable (includes $11,477 and $11,129, respectively, related to consolidated trusts) 11,477 11,129
Liabilities:    
Accrued interest payable (includes $11,321 and $11,320, respectively, related to consolidated trusts) 11,321 11,320
Debt: 4,012,823 4,053,140
Other liabilities (includes $1,701 and $1,719, respectively, related to consolidated trusts) $ 1,701 $ 1,719