v3.26.3
Concentration of Credit and Other Risks (Tables)
 9 Months Ended
Sep. 30, 2026
Risks and Uncertainties [Abstract]  
Table - Concentration of Credit Risk
The table below summarizes the concentration by geographic area of our Single-Family mortgage portfolio. See Note 2, Note 3, Note 4, and Note 5 for additional information about credit risk associated with single-family loans that we hold or guarantee.
Table 12.1 - Concentration of Credit Risk of Our Single-Family Mortgage Portfolio
September 30, 2026
(Dollars in millions)
Portfolio UPB(1)
% of PortfolioSDQ Rate
Region:(2)
West$921,513 29 %0.48 %
Northeast735,571 23 0.62 
Southeast572,643 18 0.71 
Southwest485,058 15 0.67 
North Central471,074 15 0.61 
Total$3,185,859 100 %0.61 
State:
California $505,315 16 %0.46 %
Texas 232,626 7 0.75 
Florida 215,690 7 0.85 
New York 140,516 4 0.81 
Illinois 119,711 4 0.72 
All other1,972,001 62 0.58 
Total$3,185,859 100 %0.61 
(1)Excludes UPB of loans underlying certain securitization products for which data was not available.
(2)Region designation: West (AK, AS, AZ, CA, GU, HI, ID, MP, MT, NV, OR, UT, WA); Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, U.S. VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI).
The table below summarizes the concentration by geographic area of our Multifamily mortgage portfolio. See Note 2, Note 3, Note 4, and Note 5 for additional information about credit risk associated with multifamily loans that we hold or guarantee.
Table 12.2 - Concentration of Credit Risk of Our Multifamily Mortgage Portfolio
September 30, 2026
(Dollars in millions)Portfolio UPB% of Portfolio
Delinquency Rate(1)
Region(2)(3):
Northeast$130,076 26 %0.87 %
West117,673 23 0.33 
Southeast108,848 21 0.38 
Southwest97,919 19 0.88 
North Central55,068 11 0.31 
Total$509,584 100 %0.58 
State(3):
California$64,567 13 %0.24 %
Texas61,101 12 0.99 
Florida46,708 9 0.31 
New York40,782 8 2.02 
Georgia22,301 4 0.22 
All other274,125 54 0.43 
Total$509,584 100 %0.58 
(1)Based on loans two monthly payments or more delinquent or in foreclosure.
(2)Region designation: Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); West (AK, AS, AZ, CA, GU, HI, ID, MP, MT, NV, OR, UT, WA); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, U.S. VI); Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI).
(3)Loans collateralized by properties located in multiple regions or states are reported entirely in the region or state with the largest UPB as of origination.