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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 July 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			78
			Condensed Consolidated Statements of Operations and Comprehensive Income			79
			Condensed Consolidated Statements of Cash Flows			80
			Condensed Consolidated Statements of Changes in Equity			81
			Note 1—Summary of Significant Accounting Policies			83
			Note 2—Consolidations and Transfers of Financial Assets			88
			Note 3—Mortgage Loans			90
			Note 4—Allowance for Loan Losses			98
			Note 5—Investments in Securities			102
			Note 6—Financial Guarantees			105
			Note 7—Short-Term and Long-Term Debt			105
			Note 8—Derivative Instruments			107
			Note 9—Segment Reporting			111
			Note 10—Concentrations of Credit Risk			113
			Note 11—Netting Arrangements			117
			Note 12—Fair Value			119
			Note 13—Commitments and Contingencies			131
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 Half of 2021			4
			Legislation and Regulation			4
			Key Market Economic Indicators			7
			Consolidated Results of Operations			11
			Consolidated Balance Sheet Analysis			22
			Retained Mortgage Portfolio			23
			Guaranty Book of Business			26
			Business Segments			27
			Single-Family Business			28
			Single-Family Mortgage Market			28
			Single-Family Market Activity			29
			Single-Family Business Metrics			29
			Single-Family Business Financial Results			31
			Single-Family Mortgage Credit Risk Management			32
			Multifamily Business			53
			Multifamily Mortgage Market			54
			Multifamily Business Metrics			54
			Multifamily Business Financial Results			56
			Multifamily Mortgage Credit Risk Management			56
			Liquidity and Capital Management			64
			Off-Balance Sheet Arrangements			69
			Risk Management			70
			Institutional Counterparty Credit Risk Management			70
			Market Risk Management, including Interest-Rate Risk Management			71
			Critical Accounting Policies and Estimates			73
			Impact of Future Adoption of New Accounting Guidance			74
			Forward-Looking Statements			74

Item 3.			Quantitative and Qualitative Disclosures about Market Risk			133
Item 4.			Controls and Procedures			133
PART II—Other Information						135
Item 1.			Legal Proceedings			135
Item 1A.			Risk Factors			136
Item 2.			Unregistered Sales of Equity Securities and Use of Proceeds			142
Item 3.			Defaults Upon Senior Securities			143
Item 4.			Mine Safety Disclosures			143
Item 5.			Other Information			143
Item 6.			Exhibits			144