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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 05/07/2015
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Percent of Single-Family
Conventional Business Volume(2)
 
 
 
 
 
 
 
 
For the
Three Months
Ended March 31,
 
Percent of Single-Family
Conventional Guaranty
Book of Business(3)(4)
As of
 
2015
 
2014
 
March 31, 2015
 
December 31, 2014
Occupancy type:
 
 
 
 
 
 
 
 
 
 
 
Primary residence
88

%
85

%
 
88

%
 
 
88

%
Second/vacation home
4

 
4

 
 
4

 
 
 
4

 
Investor
8

 
11

 
 
8

 
 
 
8

 
Total
100

%
100

%
 
100

%
 
 
100

%
FICO credit score at origination:
 
 
 
 
 
 
 
 
 
 
 
< 620(9)
1

%
2

%
 
2

%
 
 
3

%
620 to < 660
4

 
6

 
 
6

 
 
 
5

 
660 to < 700
12

 
14

 
 
12

 
 
 
12

 
700 to < 740
20

 
21

 
 
19

 
 
 
19

 
>= 740
63

 
57

 
 
61

 
 
 
61

 
Total
100

%
100

%
 
100

%
 
 
100

%
Weighted-average
748

 
741

 
 
744

 
 
 
744

 
Loan purpose: 
 
 
 
 
 
 
 
 
 
 
 
Purchase
37

%
45

%
 
31

%
 
 
31

%
Cash-out refinance
19

 
16

 
 
20

 
 
 
20

 
Other refinance
44

 
39

 
 
49

 
 
 
49

 
Total
100

%
100

%
 
100

%
 
 
100

%
Geographic concentration:(10)
 
 
 
 
 
 
 
 
 
 
 
Midwest
14

%
14

%
 
15

%
 
 
15

%
Northeast
14

 
16

 
 
19

 
 
 
19

 
Southeast
20

 
21

 
 
22

 
 
 
22

 
Southwest
18

 
19

 
 
16

 
 
 
16

 
West
34

 
30

 
 
28

 
 
 
28

 
Total
100

%
100

%
 
100

%
 
 
100

%
Origination year:
 
 
 
 
 
 
 
 
 
 
 
<= 2006
 
 
 
 
 
13

%
 
 
13

%
2007
 
 
 
 
 
4

 
 
 
4

 
2008
 
 
 
 
 
2

 
 
 
2

 
2009
 
 
 
 
 
6

 
 
 
6

 
2010
 
 
 
 
 
8

 
 
 
9

 
2011
 
 
 
 
 
9

 
 
 
10

 
2012
 
 
 
 
 
23

 
 
 
24

 
2013
 
 
 
 
 
20

 
 
 
21

 
2014
 
 
 
 
 
12

 
 
 
11

 
2015
 
 
 
 
 
3

 
 
 

 
Total
 
 
 
 
 
100

%
 
 
100

%
__________
*
Represents less than 0.5% of single-family conventional business volume or book of business.
(1) 
Second lien mortgage loans held by third parties are not reflected in the original LTV or mark-to-market LTV ratios in this table.
(2) 
Calculated based on unpaid principal balance of single-family loans for each category at time of acquisition.
(3) 
Calculated based on the aggregate unpaid principal balance of single-family loans for each category divided by the aggregate unpaid principal balance of loans in our single-family conventional guaranty book of business as of the end of each period.
(4) 
Our single-family conventional guaranty book of business includes jumbo-conforming and high-balance loans that represented approximately 5% of our single-family conventional guaranty book of business as of March 31, 2015 and December 31, 2014. See “Business—Our Charter and Regulation of Our Activities—Charter Act—Loan Standards” and “MD&A—Risk Management—Credit

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