Mortgage Loans (Tables)

6 Months Ended

Jun. 30, 2026

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

The table below provides details of the loans on our condensed consolidated balance sheets.

Table 3.1 - Mortgage Loans


	June 30, 2026			December 31, 2025
(In millions)	Single-Family	Multifamily	Total	Single-Family	Multifamily	Total
Held-for-sale UPB	$1,547	$90	$1,637	$1,108	$136	$1,244
Cost basis and fair value adjustments, net	(265)	(11)	(276)	(216)	(14)	(230)
Total held-for-sale loans, net	1,282	79	1,361	892	122	1,014
Held-for-investment UPB	3,134,960	180,497	3,315,457	3,117,945	153,124	3,271,069
Cost basis and fair value adjustments, net(1)	24,270	(662)	23,608	27,491	(526)	26,965
Allowance for credit losses	(6,141)	(630)	(6,771)	(7,297)	(671)	(7,968)
Total held-for-investment loans, net(2)	3,153,089	179,205	3,332,294	3,138,139	151,927	3,290,066
Total mortgage loans, net	$3,154,371	$179,284	$3,333,655	$3,139,031	$152,049	$3,291,080

(1)Includes ($0.5) 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 June 30, 2026 and December 31, 2025, respectively.

(2)Includes $6.7 billion and $7.0 billion of multifamily held-for-investment loans for which we have elected the fair value option as of June 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)	2Q 2026	2Q 2025	YTD 2026	YTD 2025
Single-Family:
Purchases:
Held-for-investment loans	$110,120	$93,603	$212,633	$171,249
Sales of held-for-sale loans(1)	—	496	—	1,255
Multifamily:
Purchases:
Held-for-investment loans	17,821	8,663	30,521	12,577
Held-for-sale loans	126	2,096	222	7,527
Sales of held-for-sale loans(2)	326	8,247	997	14,851

(1)Our sales of single-family loans reflect the sale of single-family seasoned loans.

(2)Our sales of multifamily loans occur primarily through the issuance of Multifamily K Certificates.

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)


	2Q 2026			2Q 2025
(In millions)	UPB	Allowance for Credit Losses Reversed or (Established)	Valuation Allowance (Established) or Reversed	UPB	Allowance for Credit Losses Reversed or (Established)	Valuation Allowance (Established) or Reversed
Single-Family reclassifications from:
Held-for-investment to held-for-sale	$251	$4	$—	$276	$1	$—
Held-for-sale to held-for-investment(2)	87	10	6	82	7	6
Multifamily reclassifications from:
Held-for-investment to held-for-sale	282	1	(15)	290	1	(3)
Held-for-sale to held-for-investment(2)	—	—	—	16	—	—

	YTD 2026			YTD 2025
(In millions)	UPB	Allowance for Credit Losses Reversed or (Established)	Valuation Allowance (Established) or Reversed	UPB	Allowance for Credit Losses Reversed or (Established)	Valuation Allowance (Established) or Reversed
Single-Family reclassifications from:
Held-for-investment to held-for-sale	$793	$26	$—	$965	$8	$—
Held-for-sale to held-for-investment(2)	233	19	18	340	28	19
Multifamily reclassifications from:
Held-for-investment to held-for-sale	724	2	(35)	817	2	(30)
Held-for-sale to held-for-investment(2)	—	—	—	206	(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)	June 30, 2026	March 31, 2026	2Q 2026	YTD 2026
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$17,340	$17,002	$49	$124
15-year or less, amortizing fixed-rate	449	462	1	2
Adjustable-rate and other	215	217	1	2
Total Single-Family	18,004	17,681	51	128
Total Multifamily	186	50	—	—
Total Single-Family and Multifamily	$18,190	$17,731	$51	$128


	Non-Accrual Amortized Cost Basis		Interest Income Recognized(2)
(In millions)	June 30, 2025	March 31, 2025	2Q 2025	YTD 2025
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$15,376	$15,724	$43	$107
15-year or less, amortizing fixed-rate	480	487	1	2
Adjustable-rate and other	242	256	1	2
Total Single-Family	16,098	16,467	45	111
Total Multifamily	179	207	—	1
Total Single-Family and Multifamily	$16,277	$16,674	$45	$112

(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 Receivable		Accrued Interest Receivable Related Charge-Offs
(In millions)	June 30, 2026	December 31, 2025	2Q 2026	2Q 2025	YTD 2026	YTD 2025
Single-Family loans	$10,787	$10,547	($70)	($60)	($143)	($124)
Multifamily loans	755	663	(5)	—	(5)	(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


	June 30, 2026
	Year of Origination						Total
(In millions)	2026	2025	2024	2023	2022	Prior
Current LTV ratio:
20- and 30-year or more, amortizing fixed-rate
≤ 60	$24,157	$52,245	$45,040	$38,862	$121,153	$1,469,049	$1,750,506
> 60 to 80	66,488	128,519	104,634	89,543	150,703	177,168	717,055
> 80 to 90	28,726	63,918	62,355	40,455	35,507	7,539	238,500
> 90 to 100	34,265	65,674	34,731	11,075	7,284	1,267	154,296
> 100	115	464	1,725	1,525	1,587	204	5,620
Total 20- and 30-year or more, amortizing fixed-rate	153,751	310,820	248,485	181,460	316,234	1,655,227	2,865,977
Current-year gross charge-offs	—	7	49	79	84	65	284
15-year or less, amortizing fixed-rate
≤ 60	4,496	10,818	5,498	3,816	18,930	188,545	232,103
> 60 to 80	4,835	8,990	3,503	1,306	1,090	143	19,867
> 80 to 90	1,137	1,687	406	60	31	1	3,322
> 90 to 100	518	536	32	5	3	—	1,094
> 100	7	2	1	—	—	—	10
Total 15-year or less, amortizing fixed-rate	10,993	22,033	9,440	5,187	20,054	188,689	256,396
Current-year gross charge-offs	—	—	—	1	1	1	3
Adjustable-rate and other
≤ 60	1,049	2,037	331	425	1,806	12,650	18,298
> 60 to 80	2,872	4,772	925	1,131	1,940	507	12,147
> 80 to 90	1,134	1,885	451	491	470	21	4,452
> 90 to 100	819	1,183	149	115	95	4	2,365
> 100	2	2	2	13	25	1	45
Total adjustable-rate and other	5,876	9,879	1,858	2,175	4,336	13,183	37,307
Current-year gross charge-offs	—	—	—	—	1	—	1
Total for all loan product types by current LTV ratio:
≤ 60	29,702	65,100	50,869	43,103	141,889	1,670,244	2,000,907
> 60 to 80	74,195	142,281	109,062	91,980	153,733	177,818	749,069
> 80 to 90	30,997	67,490	63,212	41,006	36,008	7,561	246,274
> 90 to 100	35,602	67,393	34,912	11,195	7,382	1,271	157,755
> 100	124	468	1,728	1,538	1,612	205	5,675
Total Single-Family loans	$170,620	$342,732	$259,783	$188,822	$340,624	$1,857,099	$3,159,680
Total current-year gross charge-offs	$—	$7	$49	$80	$86	$66	$288


	December 31, 2025
	Year of Origination						Total
(In millions)	2025	2024	2023	2022	2021	Prior
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 80	118,639	110,794	95,194	162,477	179,033	40,311	706,448
> 80 to 90	60,372	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-offs	1	22	44	73	54	172	366
15-year or less, amortizing fixed-rate
≤ 60	9,953	5,816	3,987	19,872	96,005	111,387	247,020
> 60 to 80	9,450	4,281	1,879	1,833	286	17	17,746
> 80 to 90	1,967	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-rate	22,385	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
≤ 60	1,797	358	412	1,753	3,121	10,469	17,910
> 60 to 80	4,321	923	1,184	2,138	489	155	9,210
> 80 to 90	1,783	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 other	9,215	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:
≤ 60	58,862	53,362	43,787	135,774	656,960	1,058,694	2,007,439
> 60 to 80	132,410	115,998	98,257	166,448	179,808	40,483	733,404
> 80 to 90	64,122	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


	June 30, 2026
	Year of Origination						Total
(In millions)	2026	2025	2024	2023	2022	Prior		Revolving Loans
Category:
Pass	$26,066	$66,740	$27,940	$12,658	$15,010	$19,831	$1,313	$169,558
Special mention	—	115	267	100	185	537	—	1,204
Substandard	—	—	391	611	846	478	—	2,326
Doubtful	—	—	—	—	—	—	—	—
Total	$26,066	$66,855	$28,598	$13,369	$16,041	$20,846	$1,313	$173,088
Current-year gross charge-offs	$—	$—	$—	$—	$2	$50	$—	$52


	December 31, 2025
	Year of Origination						Total
(In millions)	2025	2024	2023	2022	2021	Prior		Revolving 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)


	June 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	$2,813,521	$28,592	$7,041	$16,823	$2,865,977	$1,159
15-year or less, amortizing fixed-rate	254,514	1,223	222	437	256,396	11
Adjustable-rate and other	36,720	299	78	210	37,307	32
Total Single-Family	3,104,755	30,114	7,341	17,470	3,159,680	1,202
Total Multifamily	172,743	143	16	186	173,088	124
Total Single-Family and Multifamily	$3,277,498	$30,257	$7,357	$17,656	$3,332,768	$1,326


	December 31, 2025
(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	$2,793,168	$27,286	$7,892	$16,266	$2,844,612	$662
15-year or less, amortizing fixed-rate	266,741	1,196	276	468	268,681	7
Adjustable-rate and other	31,880	291	87	215	32,473	31
Total Single-Family	3,091,789	28,773	8,255	16,949	3,145,766	700
Total Multifamily	145,344	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 June 30, 2026 and December 31, 2025.

(2)Includes $4.6 billion and $4.0 billion of single-family loans that were in the process of foreclosure as of June 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)


	2Q 2026
(Dollars in millions)	Payment Delay(2)	Payment Delay and Term Extension	Payment Delay, Term Extension, and Interest Rate Reduction	Total	Total as % of Class of Financing Receivable(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$5,366	$1,902	$674	$7,942	0.3	%
15-year or less, amortizing fixed-rate	162	1	—	163	0.1
Adjustable-rate and other	45	2	—	47	0.1
Total Single-Family loan restructurings	$5,573	$1,905	$674	$8,152	0.3


	2Q 2025
(Dollars in millions)	Payment Delay(2)	Payment Delay and Term Extension	Payment Delay, Term Extension, and Interest Rate Reduction	Total	Total as % of Class of Financing Receivable(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$5,515	$2,358	$264	$8,137	0.3	%
15-year or less, amortizing fixed-rate	177	1	—	178	0.1
Adjustable-rate and other	49	6	1	56	0.2
Total Single-Family loan restructurings	$5,741	$2,365	$265	$8,371	0.3



	YTD 2026
(Dollars in millions)	Payment Delay(2)	Payment Delay and Term Extension	Payment Delay, Term Extension, and Interest Rate Reduction	Total	Total as % of Class of Financing Receivable(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$10,436	$3,743	$1,054	$15,233	0.5	%
15-year or less, amortizing fixed-rate	319	2	—	321	0.1
Adjustable-rate and other	90	4	—	94	0.3
Total Single-Family loan restructurings	$10,845	$3,749	$1,054	$15,648	0.5



	YTD 2025
(Dollars in millions)	Payment Delay(2)	Payment Delay and Term Extension	Payment Delay, Term Extension, and Interest Rate Reduction	Total	Total as % of Class of Financing Receivable(3)
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$11,545	$3,969	$384	$15,898	0.6	%
15-year or less, amortizing fixed-rate	390	1	—	391	0.1
Adjustable-rate and other	100	9	2	111	0.4
Total Single-Family loan restructurings	$12,035	$3,979	$386	$16,400	0.5

(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 $4.2 billion and $3.2 billion as of June 30, 2026 and June 30, 2025, respectively. Most of these loans are 20- and 30-year or more, amortizing fixed-rate loans.

(2) Includes $1.8 billion and $4.0 billion related to payment deferral plans for 2Q 2026 and YTD 2026, respectively, compared to $2.2 billion and $4.9 billion for 2Q 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)


	2Q 2026
(Dollars in thousands)	Weighted-Average Interest Rate Reduction		Weighted-Average Months of Term Extension	Weighted-Average Payment Deferral or Principal Forbearance(2)
Single-Family:
20- and 30-year or more, amortizing fixed-rate	0.8	%	144	$28
15-year or less, amortizing fixed-rate	—		39	11
Adjustable-rate and other	NM		94	18


	2Q 2025
(Dollars in thousands)	Weighted-Average Interest Rate Reduction		Weighted-Average Months of Term Extension	Weighted-Average Payment Deferral or Principal Forbearance(2)
Single-Family:
20- and 30-year or more, amortizing fixed-rate	0.6	%	147	$26
15-year or less, amortizing fixed-rate	—		45	11
Adjustable-rate and other	1.0		142	16



	YTD 2026
(Dollars in thousands)	Weighted-Average Interest Rate Reduction		Weighted-Average Months of Term Extension	Weighted-Average Payment Deferral or Principal Forbearance(2)
Single-Family:
20- and 30-year or more, amortizing fixed-rate	0.8	%	144	$27
15-year or less, amortizing fixed-rate	—		35	11
Adjustable-rate and other	NM		119	16

	YTD 2025
(Dollars in thousands)	Weighted-Average Interest Rate Reduction		Weighted-Average Months of Term Extension	Weighted-Average Payment Deferral or Principal Forbearance(2)
Single-Family:
20- and 30-year or more, amortizing fixed-rate	0.6	%	154	$21
15-year or less, amortizing fixed-rate	—		44	10
Adjustable-rate and other	0.9		169	13

(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)


	2Q 2026
(In millions)	Payment Delay	Payment Delay and Term Extension	Payment Delay, Term Extension, and Interest Rate Reduction	Total
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$1,025	$945	$149	$2,119
15-year or less, amortizing fixed-rate	27	1	—	28
Adjustable-rate and other	6	3	—	9
Total Single-Family	$1,058	$949	$149	$2,156


	2Q 2025
(In millions)	Payment Delay	Payment Delay and Term Extension	Payment Delay, Term Extension, and Interest Rate Reduction	Total
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$993	$635	$24	$1,652
15-year or less, amortizing fixed-rate	30	—	—	30
Adjustable-rate and other	8	1	—	9
Total Single-Family	$1,031	$636	$24	$1,691



	YTD 2026
(In millions)	Payment Delay	Payment Delay and Term Extension	Payment Delay, Term Extension, and Interest Rate Reduction	Total
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$1,919	$1,743	$257	$3,919
15-year or less, amortizing fixed-rate	46	1	—	47
Adjustable-rate and other	15	3	—	18
Total Single-Family	$1,980	$1,747	$257	$3,984

	YTD 2025
(In millions)	Payment Delay	Payment Delay and Term Extension	Payment Delay, Term Extension, and Interest Rate Reduction	Total
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$1,816	$1,148	$32	$2,996
15-year or less, amortizing fixed-rate	60	—	—	60
Adjustable-rate and other	16	2	—	18
Total Single-Family	$1,892	$1,150	$32	$3,074

(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


	June 30, 2026
(In millions)	Current	One Month Past Due	Two Months Past Due	Three Months or More Past Due	Total
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$14,520	$3,686	$2,026	$6,974	$27,206
15-year or less, amortizing fixed-rate	292	77	43	165	577
Adjustable-rate and other	78	27	14	60	179
Total Single-Family	$14,890	$3,790	$2,083	$7,199	$27,962


	June 30, 2025
(In millions)	Current	One Month Past Due	Two Months Past Due	Three Months or More Past Due	Total
Single-Family:
20- and 30-year or more, amortizing fixed-rate	$13,871	$3,371	$1,828	$6,840	$25,910
15-year or less, amortizing fixed-rate	353	86	54	191	684
Adjustable-rate and other	79	20	16	71	186
Total Single-Family	$14,303	$3,477	$1,898	$7,102	$26,780