Print Page  |  Close Window

SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 11/02/2018
Entire Document
 
 
Notes to Condensed Consolidated Financial Statements | Allowance for Loan Losses


The following table displays changes in single-family, multifamily and total allowance for loan losses.
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(Dollars in millions)
Single-family allowance for loan losses:
 
 
 
 
 
 
 
Beginning balance
$
(16,602
)
 
$
(20,218
)
 
$
(18,849
)
 
$
(23,283
)
Benefit (provision) for loan losses(1)
724

 
(163
)
 
1,916

 
1,442

Charge-offs
509

 
434

 
1,705

 
2,163

Recoveries
(65
)
 
(42
)
 
(189
)
 
(273
)
Other(2)
(2
)
 
17

 
(19
)
 
(21
)
Ending balance
$
(15,436
)
 
$
(19,972
)
 
$
(15,436
)
 
$
(19,972
)
Multifamily allowance for loan losses:
 
 
 
 
 
 
 
Beginning balance
$
(210
)
 
$
(181
)
 
$
(235
)
 
$
(182
)
Benefit (provision) for loan losses(1)
(14
)
 
(42
)
 
6

 
(40
)
Charge-offs

 
3

 
5

 
3

Recoveries
(3
)
 
(2
)
 
(3
)
 
(3
)
Ending balance
$
(227
)
 
$
(222
)
 
$
(227
)
 
$
(222
)
Total allowance for loan losses:
 
 
 
 
 
 
 
Beginning balance
$
(16,812
)
 
$
(20,399
)
 
$
(19,084
)
 
$
(23,465
)
Benefit (provision) for loan losses(1)
710

 
(205
)
 
1,922

 
1,402

Charge-offs
509

 
437

 
1,710

 
2,166

Recoveries
(68
)
 
(44
)
 
(192
)
 
(276
)
Other(2)
(2
)
 
17

 
(19
)
 
(21
)
Ending balance
$
(15,663
)
 
$
(20,194
)
 
$
(15,663
)
 
$
(20,194
)

__________
(1) 
Benefit (provision) for loan losses is included in “Benefit (provision) for credit losses” in our condensed consolidated statements of operations and comprehensive income.
(2) 
Amounts represent the portion of benefit (provision) for loan losses, charge-offs and recoveries that are not a part of the allowance for loan losses.

Fannie Mae (In conservatorship) Third Quarter 2018 Form 10-Q
70