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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
 


The loans we purchased in the first quarter of 2015 included $3.9 billion in delinquent loans we purchased from our single-family MBS trusts. We expect to continue purchasing loans from MBS trusts as they become four or more consecutive monthly payments delinquent subject to market conditions, economic benefit, servicer capacity and other factors, including the limit on the amount of mortgage assets that we may own pursuant to the senior preferred stock purchase agreement and FHFA’s portfolio plan requirements. As a result of purchasing these loans, an increasing portion of the Capital Markets group’s mortgage portfolio is comprised of loans restructured in a TDR and nonaccrual loans. Table 16 displays the composition of loans restructured in a TDR that were on accrual status, loans on nonaccrual status and all other mortgage-related assets in our Capital Markets group’s mortgage portfolio.
Table 16: Capital Markets Group’s Mortgage Portfolio
 
As of
 
March 31, 2015
 
December 31, 2014
 
Unpaid Principal Balance
 
Percent of total
 
Unpaid Principal Balance
 
Percent of total
 
(Dollars in millions)
TDRs on accrual status
$
142,075

 
35
%
 
$
140,828

 
34
%
Nonaccrual loans
54,901

 
13

 
58,597

 
14

All other mortgage-related assets
214,708

 
52

 
213,888

 
52

Total Capital Markets group’s mortgage portfolio
$
411,684

 
100
%
 
$
413,313

 
100
%
CONSOLIDATED BALANCE SHEET ANALYSIS
This section provides a discussion of our condensed consolidated balance sheets as of the dates indicated and should be read together with our condensed consolidated financial statements, including the accompanying notes.

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