v3.26.3
Mortgage Loans (Tables)
 9 Months Ended
Sep. 30, 2026
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
Table - Mortgage Loans
The table below provides details of the loans on our condensed consolidated balance sheets.
Table 3.1 - Mortgage Loans
September 30, 2026December 31, 2025
(In millions)Single-FamilyMultifamily TotalSingle-FamilyMultifamily Total
Held-for-sale UPB$1,601 $360 $1,961 $1,108 $136 $1,244 
Cost basis and fair value adjustments, net(292)(37)(329)(216)(14)(230)
Total held-for-sale loans, net1,309 323 1,632 892 122 1,014 
Held-for-investment UPB3,149,490 194,069 3,343,559 3,117,945 153,124 3,271,069 
Cost basis and fair value adjustments, net(1)
19,673 (978)18,695 27,491 (526)26,965 
Allowance for credit losses(6,814)(568)(7,382)(7,297)(671)(7,968)
   Total held-for-investment loans, net(2)
3,162,349 192,523 3,354,872 3,138,139 151,927 3,290,066 
Total mortgage loans, net$3,163,658 $192,846 $3,356,504 $3,139,031 $152,049 $3,291,080 
(1)Includes ($1.0) billion and ($0.3) billion of basis adjustments maintained on a closed portfolio basis related to existing portfolio layer method fair value hedge relationships as of September 30, 2026 and December 31, 2025, respectively.
(2)Includes $6.3 billion and $7.0 billion of multifamily held-for-investment loans for which we have elected the fair value option as of September 30, 2026 and December 31, 2025, respectively.
The table below provides details of the UPB of loans we purchased and sold during the periods presented.
Table 3.2 - Loans Purchased and Sold
(In millions)3Q 20263Q 2025YTD 2026YTD 2025
Single-Family:
Purchases:
  Held-for-investment loans$98,472 $99,428 $311,105 $270,677 
Sales of held-for-sale loans382 707 382 1,962 
Multifamily:
Purchases:
  Held-for-investment loans15,840 24,522 46,361 37,099 
  Held-for-sale loans51 195 273 7,722 
Sales of held-for-sale loans380 1,781 1,377 16,632 
The table below presents the allowance for credit losses or valuation allowance that was reversed or established due to loan reclassifications between held-for-investment and held-for-sale during the periods presented.
Table 3.3 - Loan Reclassifications(1)
3Q 20263Q 2025
(In millions)UPBAllowance for Credit Losses Reversed or (Established)Valuation Allowance (Established) or ReversedUPBAllowance for Credit Losses Reversed or (Established)Valuation Allowance (Established) or Reversed
Single-Family reclassifications from:
Held-for-investment to held-for-sale$554 $14 $— $610 $20 $— 
Held-for-sale to held-for-investment(2)
40 2 2 96 9 6 
Multifamily reclassifications from:
Held-for-investment to held-for-sale599 1 (35)99 — (5)
   Held-for-sale to held-for-investment(2)
— — — 130 — — 
YTD 2026YTD 2025
(In millions)UPBAllowance for Credit Losses Reversed or (Established)Valuation Allowance (Established) or ReversedUPBAllowance for Credit Losses Reversed or (Established)Valuation Allowance (Established) or Reversed
Single-Family reclassifications from:
Held-for-investment to held-for-sale$1,347 $40 $— $1,575 $28 $— 
Held-for-sale to held-for-investment(2)
273 21 20 436 37 25 
Multifamily reclassifications from:
Held-for-investment to held-for-sale1,323 3 (70)916 2 (35)
   Held-for-sale to held-for-investment(2)
— — — 336 (1)5 
(1)Amounts exclude reclassifications related to loans for which we have elected the fair value option.
(2)Allowance for credit losses established upon loan reclassifications from held-for-sale to held-for-investment to reflect the net amount we expect to collect on the loan. Loans with prior charge-offs may have a negative allowance for credit losses established upon reclassification.
Table - Held-for-Investment Loans on Non-accrual
The table below presents the amortized cost basis of non-accrual loans as of the beginning and the end of the periods presented, including the interest income recognized for the period that is related to the loans on non-accrual status as of the period end.
Table 3.4 - Amortized Cost Basis of Held-for-Investment Loans on Non-Accrual(1)
Non-Accrual Amortized Cost Basis
Interest Income Recognized(2)
(In millions)September 30, 2026December 31, 20253Q 2026YTD 2026
Single-Family:
20- and 30-year or more, amortizing fixed-rate$17,858 $16,739 $49 $244 
15-year or less, amortizing fixed-rate439 482 1 5 
Adjustable-rate and other214 221 1 3 
Total Single-Family18,511 17,442 51 252 
Total Multifamily199 227 — 1 
Total Single-Family and Multifamily$18,710 $17,669 $51 $253 
Non-Accrual Amortized Cost Basis
Interest Income Recognized(2)
(In millions)September 30, 2025December 31, 20243Q 2025YTD 2025
Single-Family:
20- and 30-year or more, amortizing fixed-rate$15,430 $15,157 $43 $204 
15-year or less, amortizing fixed-rate462 511 1 4 
Adjustable-rate and other222 240 1 3 
Total Single-Family16,114 15,908 45 211 
Total Multifamily257 125 1 2 
Total Single-Family and Multifamily$16,371 $16,033 $46 $213 
(1)Excludes amounts related to loans for which we have elected the fair value option.
(2)Represents the amount of payments received during the period, including those received while the loans were on accrual status, for the held-for-investment loans on non-accrual status as of period end.
The table below provides the amount of accrued interest receivable presented on our condensed consolidated balance sheets and the amount of accrued interest receivable related to loans on non-accrual status at the end of the periods that was charged off.
Table 3.5 - Accrued Interest Receivable and Related Charge-Offs
Accrued Interest ReceivableAccrued Interest Receivable Related Charge-Offs
(In millions)September 30, 2026December 31, 20253Q 20263Q 2025YTD 2026YTD 2025
Single-Family loans$10,986 $10,547 ($79)($65)($222)($189)
Multifamily loans826 663 (1)— (6)(3)
Table - Amortized Cost Basis of Held-For-Investment Mortgage Loans, by Credit Quality Indicator and Vintage
The table below presents the amortized cost basis of single-family held-for-investment loans by current LTV ratio and charge-offs related to these loans. Our current LTV ratios are estimates based on available data through the end of each period presented.
Table 3.6 - Amortized Cost Basis of Single-Family Held-for-Investment Loans by Current LTV Ratio and Vintage
September 30, 2026
Year of Origination Total
(In millions)20262025202420232022Prior
Current LTV ratio:
  20- and 30-year or more, amortizing fixed-rate
≤ 60$37,998 $51,693 $44,364 $38,569 $121,895 $1,440,538 $1,735,057 
> 60 to 8099,759 125,164 102,015 86,536 143,774 166,925 724,173 
> 80 to 90
44,807 66,090 59,723 37,460 34,205 7,450 249,735 
> 90 to 100 55,762 59,052 32,148 10,732 6,980 1,141 165,815 
> 100
171 900 2,289 1,752 1,639 229 6,980 
  Total 20- and 30-year or more, amortizing fixed-rate
238,497 302,899 240,539 175,049 308,493 1,616,283 2,881,760 
  Current-year gross charge-offs— 15 80 115 124 107 441 
  15-year or less, amortizing fixed-rate
≤ 606,522 10,642 5,380 3,694 18,304 179,267 223,809 
> 60 to 806,639 8,450 3,225 1,127 888 110 20,439 
> 80 to 90
1,421 1,567 314 45 26 — 3,373 
> 90 to 100647 349 21 4 2 — 1,023 
> 100
7 2 1 — — — 10 
  Total 15-year or less, amortizing fixed-rate15,236 21,010 8,941 4,870 19,220 179,377 248,654 
  Current-year gross charge-offs— 1 — 1 1 2 5 
  Adjustable-rate and other
≤ 601,621 1,996 328 425 1,778 12,125 18,273 
> 60 to 804,347 4,629 881 1,109 1,872 492 13,330 
> 80 to 90
1,891 1,900 454 452 443 20 5,160 
> 90 to 1001,402 1,151 139 116 95 4 2,907 
> 100
3 5 2 12 22 2 46 
  Total adjustable-rate and other9,264 9,681 1,804 2,114 4,210 12,643 39,716 
  Current-year gross charge-offs— — — — 1 — 1 
Total for all loan product types by current LTV ratio:
≤ 60
46,141 64,331 50,072 42,688 141,977 1,631,930 1,977,139 
> 60 to 80110,745 138,243 106,121 88,772 146,534 167,527 757,942 
> 80 to 90
48,119 69,557 60,491 37,957 34,674 7,470 258,268 
> 90 to 10057,811 60,552 32,308 10,852 7,077 1,145 169,745 
> 100
181 907 2,292 1,764 1,661 231 7,036 
Total Single-Family loans$262,997 $333,590 $251,284 $182,033 $331,923 $1,808,303 $3,170,130 
Total current-year gross charge-offs$— $16 $80 $116 $126 $109 $447 
December 31, 2025
Year of Origination Total
(In millions)20252024202320222021Prior
Current LTV ratio:
  20- and 30-year or more, amortizing fixed-rate
≤ 60$47,112 $47,188 $39,388 $114,149 $557,834 $936,838 $1,742,509 
> 60 to 80118,639 110,794 95,194 162,477 179,033 40,311 706,448 
> 80 to 9060,372 67,451 50,223 43,480 9,002 1,135 231,663 
> 90 to 100
77,814 51,196 16,197 10,399 1,386 292 157,284 
> 100
557 2,426 1,822 1,663 156 84 6,708 
  Total 20- and 30-year or more, amortizing fixed-rate
304,494 279,055 202,824 332,168 747,411 978,660 2,844,612 
  Full-year gross charge-offs1 22 44 73 54 172 366 
  15-year or less, amortizing fixed-rate
≤ 609,953 5,816 3,987 19,872 96,005 111,387 247,020 
> 60 to 809,450 4,281 1,879 1,833 286 17 17,746 
> 80 to 901,967 639 105 57 3 — 2,771 
> 90 to 100
1,007 104 15 7 — — 1,133 
> 100
8 2 1 — — — 11 
  Total 15-year or less, amortizing fixed-rate22,385 10,842 5,987 21,769 96,294 111,404 268,681 
  Full-year gross charge-offs— — — 1 1 1 3 
  Adjustable-rate and other
≤ 601,797 358 412 1,753 3,121 10,469 17,910 
> 60 to 804,321 923 1,184 2,138 489 155 9,210 
> 80 to 901,783 522 581 574 19 9 3,488 
> 90 to 100
1,312 226 153 132 3 2 1,828 
> 100
2 2 12 19 — 2 37 
  Total adjustable-rate and other9,215 2,031 2,342 4,616 3,632 10,637 32,473 
  Full-year gross charge-offs— — — 1 — 1 2 
Total for all loan product types by current LTV ratio:
≤ 6058,862 53,362 43,787 135,774 656,960 1,058,694 2,007,439 
> 60 to 80132,410 115,998 98,257 166,448 179,808 40,483 733,404 
> 80 to 9064,122 68,612 50,909 44,111 9,024 1,144 237,922 
> 90 to 100
80,133 51,526 16,365 10,538 1,389 294 160,245 
> 100
567 2,430 1,835 1,682 156 86 6,756 
Total Single-Family loans $336,094 $291,928 $211,153 $358,553 $847,337 $1,100,701 $3,145,766 
Total full-year gross charge-offs$1 $22 $44 $75 $55 $174 $371 
Multifamily
The table below presents the amortized cost basis of our multifamily held-for-investment loans, for which we have not elected the fair value option, by credit quality indicator, and charge-offs related to these loans. These indicators are based on available data through the end of each period presented, involve significant management judgment, and are defined as follows:
n    "Pass" is current and adequately protected by the borrower's current financial strength and debt service capacity;
n    "Special mention" has administrative issues that may affect future repayment prospects but does not have current credit weaknesses. In addition, this category generally includes loans in forbearance;
n    "Substandard" has a weakness that jeopardizes the timely full repayment; and
n    "Doubtful" has a weakness that makes collection or liquidation in full highly questionable and improbable based on existing conditions.
Table 3.7 - Amortized Cost Basis of Multifamily Held-for-Investment Loans by Credit Quality Indicator and Vintage
September 30, 2026
Year of OriginationTotal
(In millions) 20262025202420232022PriorRevolving Loans
Category:
Pass
$41,124 $66,673 $27,774 $12,337 $14,761 $18,996 $1,257 $182,922 
Special mention
— 122 196 41 133 537 — 1,029 
Substandard
— — 540 741 970 591 — 2,842 
Doubtful
— — — — — — — — 
Total $41,124 $66,795 $28,510 $13,119 $15,864 $20,124 $1,257 $186,793 
Current-year gross charge-offs$— $— $— $5 $3 $54 $— $62 
December 31, 2025


Year of OriginationTotal
(In millions) 20252024202320222021PriorRevolving Loans
Category:
Pass
$63,205 $28,613 $13,374 $15,732 $7,238 $12,947 $1,851 $142,960 
Special mention
— 49 173 177 96 670 — 1,165 
Substandard
— 163 266 581 233 225 — 1,468 
Doubtful
— — — — — — — — 
Total $63,205 $28,825 $13,813 $16,490 $7,567 $13,842 $1,851 $145,593 
Full-year gross charge-offs$— $— $— $11 $— $115 $— $126 
Table - Payment Status of Mortgage Loans
Past Due Status
The table below presents the amortized cost basis of our single-family and multifamily held-for-investment loans, for which we have not elected the fair value option, by payment status.
Table 3.8 - Amortized Cost Basis of Held-for-Investment Loans by Payment Status(1)
September 30, 2026
(In millions)Current
One
Month
Past Due
Two
Months
Past Due
Three Months or
More Past Due,
or in Foreclosure(2)
Total
Non-Accrual With No Allowance(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate$2,828,071 $28,483 $7,849 $17,357 $2,881,760 $1,590 
15-year or less, amortizing fixed-rate246,817 1,168 246 423 248,654 9 
Adjustable-rate and other39,130 290 87 209 39,716 31 
Total Single-Family3,114,018 29,941 8,182 17,989 3,170,130 1,630 
Total Multifamily186,404 152 38 199 186,793 148 
Total Single-Family and Multifamily$3,300,422 $30,093 $8,220 $18,188 $3,356,923 $1,778 
December 31, 2025
(In millions)CurrentOne
Month
Past Due		Two
Months
Past Due
Three Months or
More Past Due,
or in Foreclosure(2)
Total
Non-Accrual with No Allowance(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate$2,793,168 $27,286 $7,892 $16,266 $2,844,612 $662 
15-year or less, amortizing fixed-rate266,741 1,196 276 468 268,681 7 
Adjustable-rate and other31,880 291 87 215 32,473 31 
Total Single-Family3,091,789 28,773 8,255 16,949 3,145,766 700 
Total Multifamily145,344 57 2 190 145,593 132 
Total Single-Family and Multifamily$3,237,133 $28,830 $8,257 $17,139 $3,291,359 $832 
(1)There were no held-for-investment loans that were three months or more past due and accruing interest as of both September 30, 2026 and December 31, 2025.
(2)Includes $4.7 billion and $4.0 billion of single-family loans that were in the process of foreclosure as of September 30, 2026 and December 31, 2025, respectively.
(3)Loans with no allowance for loan losses primarily represent loans that were previously charged off and for which the amount we expect to collect is sufficiently in excess of the amortized cost to result in recovery of the entire amortized cost basis if the property were foreclosed upon or otherwise subject to disposition. We exclude the amounts of allowance for credit losses on advances of pre-foreclosure costs when determining whether a loan has an allowance for credit losses.
Table - Loan Restructuring The table below presents the period-end amortized cost basis of single-family held-for-investment loan restructurings involving borrowers experiencing financial difficulty that we entered into during the periods presented.
Table 3.9 - Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty(1)
3Q 2026
(Dollars in millions)
Payment Delay(2)
Payment Delay and Interest Rate ReductionPayment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotal
Total as % of Class of Financing Receivable(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate$5,612 $1 $1,885 $791 $8,289 0.3 %
15-year or less, amortizing fixed-rate152 — 1 — 153 0.1 
Adjustable-rate and other49 — 4 — 53 0.1 
Total Single-Family loan restructurings$5,813 $1 $1,890 $791 $8,495 0.3 
3Q 2025
(Dollars in millions)
Payment Delay(2)
Payment Delay and Interest Rate ReductionPayment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotal
Total as % of Class of Financing Receivable(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate$5,347 $— $2,183 $253 $7,783 0.3 %
15-year or less, amortizing fixed-rate172 — 1 — 173 0.1 
Adjustable-rate and other57 — 5 1 63 0.2 
Total Single-Family loan restructurings$5,576 $— $2,189 $254 $8,019 0.3 
YTD 2026
(Dollars in millions)
Payment Delay(2)
Payment Delay and Interest Rate ReductionPayment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotal
Total as % of Class of Financing Receivable(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate$14,080 $1 $5,579 $1,821 $21,481 0.8 %
15-year or less, amortizing fixed-rate412 — 4 — 416 0.2 
Adjustable-rate and other125 — 8 — 133 0.3 
Total Single-Family loan restructurings$14,617 $1 $5,591 $1,821 $22,030 0.7 
YTD 2025
(Dollars in millions)
Payment Delay(2)
Payment Delay and Interest Rate ReductionPayment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotal
Total as % of Class of Financing Receivable(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate$14,759 $— $6,073 $623 $21,455 0.8 %
15-year or less, amortizing fixed-rate496 — 2 — 498 0.2 
Adjustable-rate and other138 — 13 2 153 0.5 
Total Single-Family loan restructurings$15,393 $— $6,088 $625 $22,106 0.7 
(1)     Type of loan restructurings reflects the cumulative effects of the loan restructurings received during the period. Includes loan modifications in the period in which the borrower completes the trial period and the loan is permanently modified. The amortized cost basis of loans in the trial period modification plans was $3.8 billion and $3.5 billion as of September 30, 2026 and September 30, 2025, respectively. Most of these loans are 20- and 30-year or more, amortizing fixed-rate loans.
(2)    Includes $1.7 billion and $5.6 billion related to payment deferral plans for 3Q 2026 and YTD 2026, respectively, compared to $2.0 billion and $6.8 billion for 3Q 2025 and YTD 2025, respectively. Also includes forbearance plans, repayment plans, and loan modifications that only involve payment delays.
(3)    Based on the amortized cost basis as of period end, divided by the total period-end amortized cost basis of the corresponding financing receivable class of single-family held-for-investment loans.
The table below shows the financial effect of single-family held-for-investment loan restructurings involving borrowers experiencing financial difficulty that we entered into during the periods presented.
Table 3.10 – Financial Effects of Single-Family Loan Restructurings Involving Borrowers Experiencing Financial Difficulty(1)
3Q 2026
(Dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Months of Term Extension
Weighted-Average Payment Deferral or Principal Forbearance(2)
Single-Family:
20- and 30-year or more, amortizing fixed-rate0.9 %144$28 
15-year or less, amortizing fixed-rate— 3610 
Adjustable-rate and otherNM10514 
3Q 2025
(Dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Months of Term Extension
Weighted-Average Payment Deferral or Principal Forbearance(2)
Single-Family:
20- and 30-year or more, amortizing fixed-rate0.5 %146$27 
15-year or less, amortizing fixed-rateNM3911 
Adjustable-rate and other0.9 16518 
YTD 2026
(Dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Months of Term Extension
Weighted-Average Payment Deferral or Principal Forbearance(2)
Single-Family:
20- and 30-year or more, amortizing fixed-rate0.8 %144$27 
15-year or less, amortizing fixed-rate— 3611 
Adjustable-rate and otherNM11216 
YTD 2025
(Dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Months of Term Extension
Weighted-Average Payment Deferral or Principal Forbearance(2)
Single-Family:
20- and 30-year or more, amortizing fixed-rate0.6 %151$23 
15-year or less, amortizing fixed-rateNM3811 
Adjustable-rate and other0.8 16615 
(1)     Averages are based on payment deferral plans and loan modifications completed during the periods presented. The financial effects of forbearance plans and repayment plans consist of a payment delay of between one and twelve months. In addition, the financial effect of a forbearance plan is included at the time the forbearance plan is completed if the borrower exits forbearance by entering into a payment deferral plan or loan modification.
(2)     Primarily related to payment deferral plans. Amounts are based on non-interest-bearing principal balances on the restructured loans.
The table below provides the amortized cost basis of single-family held-for-investment loans that had a payment default (i.e., loans that became two months delinquent) during the periods presented and had been restructured within the previous 12 months preceding the payment default, when the borrower was experiencing financial difficulty at the time of the restructuring.
Table 3.11 - Subsequent Defaults of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty(1)
3Q 2026
(In millions)
Payment Delay
Payment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotal
Single-Family:
20- and 30-year or more, amortizing fixed-rate$1,154 $983 $223 $2,360 
15-year or less, amortizing fixed-rate26 — — 26 
Adjustable-rate and other10 2 — 12 
Total Single-Family$1,190 $985 $223 $2,398 
3Q 2025
(In millions)
Payment Delay
Payment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotal
Single-Family:
20- and 30-year or more, amortizing fixed-rate$1,128 $832 $69 $2,029 
15-year or less, amortizing fixed-rate29 — — 29 
Adjustable-rate and other7 2 — 9 
Total Single-Family$1,164 $834 $69 $2,067 
YTD 2026
(In millions)
Payment Delay
Payment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotal
Single-Family:
20- and 30-year or more, amortizing fixed-rate$2,810 $2,471 $444 $5,725 
15-year or less, amortizing fixed-rate63 1 — 64 
Adjustable-rate and other20 5 — 25 
Total Single-Family$2,893 $2,477 $444 $5,814 
YTD 2025
(In millions)
Payment Delay
Payment Delay and Term ExtensionPayment Delay, Term Extension, and Interest Rate ReductionTotal
Single-Family:
20- and 30-year or more, amortizing fixed-rate$2,703 $1,808 $96 $4,607 
15-year or less, amortizing fixed-rate75 — — 75 
Adjustable-rate and other20 3 — 23 
Total Single-Family$2,798 $1,811 $96 $4,705 
(1)    Excludes forbearance plans and repayment plans as borrowers are typically past due based on the loan's original contractual terms at the time the borrowers enter into these plans.
The table below provides the single-family held-for-investment loan performance in the 12 months after a restructuring involving borrowers experiencing financial difficulty. While a single-family loan is in a forbearance plan or repayment plan, payments continue to be due based on the loan’s original contractual terms because the loan has not been permanently modified. As a result, we report single-family loans in forbearance plans and repayment plans as delinquent to the extent that payments are past due based on the loan’s original contractual terms. Loans that have been restructured by entering into a payment deferral plan or loan modification are reported as delinquent to the extent that payments are past due based on the loan's restructured terms.
Table 3.12 - Amortized Cost Basis of Single-Family Restructured Loans Involving Borrowers Experiencing Financial Difficulty by Payment Status
September 30, 2026
(In millions)CurrentOne Month Past DueTwo Months Past DueThree Months or More Past DueTotal
Single-Family:
20- and 30-year or more, amortizing fixed-rate$14,372 $3,739 $2,195 $7,176 $27,482 
15-year or less, amortizing fixed-rate279 74 49 149 551 
Adjustable-rate and other74 22 18 60 174 
Total Single-Family$14,725 $3,835 $2,262 $7,385 $28,207 
September 30, 2025
(In millions)CurrentOne Month Past DueTwo Months Past DueThree Months or More Past DueTotal
Single-Family:
20- and 30-year or more, amortizing fixed-rate$14,293 $3,551 $2,008 $6,602 $26,454 
15-year or less, amortizing fixed-rate339 88 49 173 649 
Adjustable-rate and other81 22 15 68 186 
Total Single-Family$14,713 $3,661 $2,072 $6,843 $27,289