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Securities registered pursuant to Section 12(b) of the Act: 

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
None			N/A			N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes ☑     No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ☑     No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☑

As of April 15, 2021, there were 1,158,087,567 shares of common stock of the registrant outstanding.

TABLE OF CONTENTS
						Page
PART I—Financial Information						1
Item 1.			Financial Statements
			Condensed Consolidated Balance Sheets			71
			Condensed Consolidated Statements of Operations and Comprehensive Income			72
			Condensed Consolidated Statements of Cash Flows			73
			Condensed Consolidated Statements of Changes in Equity			74
			Note 1—Summary of Significant Accounting Policies			75
			Note 2—Consolidations and Transfers of Financial Assets			80
			Note 3—Mortgage Loans			82
			Note 4—Allowance for Loan Losses			89
			Note 5—Investments in Securities			91
			Note 6—Financial Guarantees			94
			Note 7—Short-Term and Long-Term Debt			95
			Note 8—Derivative Instruments			97
			Note 9—Segment Reporting			100
			Note 10—Concentrations of Credit Risk			102
			Note 11—Netting Arrangements			106
			Note 12—Fair Value			108
			Note 13—Commitments and Contingencies			118
Item 2.			Management’s Discussion and Analysis of Financial Condition and Results of Operations			1
			Introduction			1
			Executive Summary			2
			Summary of Our Financial Performance			2
			Liquidity Provided in the First Quarter of 2021			3
			Legislation and Regulation			3
			Key Market Economic Indicators			5
			Consolidated Results of Operations			9
			Consolidated Balance Sheet Analysis			18
			Retained Mortgage Portfolio			19
			Guaranty Book of Business			21
			Business Segments			23
			Single-Family Business			23
			Single-Family Mortgage Market			23
			Single-Family Market Activity			24
			Single-Family Business Metrics			24
			Single-Family Business Financial Results			26
			Single-Family Mortgage Credit Risk Management			27
			Multifamily Business			47
			Multifamily Mortgage Market			47
			Multifamily Business Metrics			48
			Multifamily Business Financial Results			50
			Multifamily Mortgage Credit Risk Management			50
			Liquidity and Capital Management			57
			Off-Balance Sheet Arrangements			62
			Risk Management			63
			Institutional Counterparty Credit Risk Management			63
			Market Risk Management, including Interest-Rate Risk Management			64
			Critical Accounting Policies and Estimates			66
			Impact of Future Adoption of New Accounting Guidance			66
			Forward-Looking Statements			67

Item 3.			Quantitative and Qualitative Disclosures about Market Risk			120
Item 4.			Controls and Procedures			120
PART II—Other Information						123
Item 1.			Legal Proceedings			123
Item 1A.			Risk Factors			124
Item 2.			Unregistered Sales of Equity Securities and Use of Proceeds			126
Item 3.			Defaults Upon Senior Securities			128
Item 4.			Mine Safety Disclosures			128
Item 5.			Other Information			128
Item 6.			Exhibits			128