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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 05/07/2015
Entire Document
 





FANNIE MAE
(In conservatorship)
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
(UNAUDITED)


 
As of
 
March 31, 2015(1)
 
December 31, 2014(1)
 
Percentage of
Single-Family
Conventional
Guaranty Book of Business(3)
 
Seriously Delinquent Rate(2)
 
Percentage of
Single-Family
Conventional
Guaranty Book of Business(3)
 
Seriously Delinquent Rate(2)
Estimated mark-to-market loan-to-value ratio:
 
 
 
 
 
 
 
Greater than 100%
5
%
 
10.43
%
 
5
%
 
10.98
%
Geographical distribution:
 
 
 
 
 
 
 
California
20

 
0.66

 
20

 
0.70

Florida
6

 
3.91

 
6

 
4.42

Illinois
4

 
2.20

 
4

 
2.36

New Jersey
4

 
5.62

 
4

 
5.78

New York
5

 
4.04

 
5

 
4.17

All other states
61

 
1.43

 
61

 
1.52

Product distribution:
 
 
 
 
 
 
 
Alt-A
4

 
7.41

 
4

 
7.77

Vintages:
 
 
 
 
 
 
 
2005
3

 
5.94

 
3

 
6.18

2006
3

 
9.14

 
3

 
9.61

2007
4

 
10.34

 
4

 
10.79

2008
2

 
6.05

 
2

 
6.27

All other vintages
88

 
0.85

 
88

 
0.88

__________
(1) 
Consists of the portion of our single-family conventional guaranty book of business for which we have detailed loan level information, which constituted approximately 99% of our total single-family conventional guaranty book of business as of March 31, 2015 and December 31, 2014.
(2) 
Consists of single-family conventional loans that were 90 days or more past due or in the foreclosure process as of March 31, 2015 and December 31, 2014.
(3) 
Calculated based on the aggregate unpaid principal balance of single-family conventional loans for each category divided by the aggregate unpaid principal balance of loans in our single-family conventional guaranty book of business.  
(4) 
Calculated based on the number of single-family conventional loans that were delinquent divided by the total number of loans in our single-family conventional guaranty book of business.

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