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10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 05/07/2015
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FANNIE MAE
(In conservatorship)
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
(UNAUDITED)


Individually Impaired Loans
Individually impaired loans include troubled debt restructurings (“TDRs”), acquired credit-impaired loans and multifamily loans that we have assessed as probable that we will not collect all contractual amounts due, regardless of whether we are currently accruing interest. The following tables display the total unpaid principal balance, recorded investment and related allowance as of March 31, 2015 and December 31, 2014, and average recorded investment and interest income recognized for the three months ended March 31, 2015 and 2014, for individually impaired loans.
 
As of
 
 
March 31, 2015
 
December 31, 2014
 
 
Unpaid Principal Balance
 
Total Recorded Investment
 
Related Allowance for Loan Losses
 
Unpaid Principal Balance
 
Total Recorded Investment
 
Related Allowance for Loan Losses
 
Related Allowance for Accrued Interest Receivable
 
(Dollars in millions)
 
Individually impaired loans:
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
With related allowance recorded:
 
 
 
 
 
  

 
 
 
 
 
 
 
 
 
 
 
  

 
 
 
 
 
 
 
 
 
Single-family:
 
 
 
 
 
  

 
 
 
 
 
 
 
 
 
 
 
  

 
 
 
 
 
 
 
 
 
Primary
 
$
122,873

 
 
 
$
116,908

 
 
 
$
18,954

 
 
 
$
125,960

 
 
 
$
120,221

 
 
 
$
20,327

 
 
 
$
309

 
Government
 
282

 
 
 
286

 
 
 
58

 
 
 
281

 
 
 
285

 
 
 
46

 
 
 
12

 
Alt-A
 
33,719

 
 
 
30,954

 
 
 
6,935

 
 
 
35,492

 
 
 
32,816

 
 
 
7,778

 
 
 
136

 
Other
 
13,896

 
 
 
13,165

 
 
 
2,715

 
 
 
14,667

 
 
 
13,947

 
 
 
3,049

 
 
 
38

 
Total single-family
 
170,770

 
 
 
161,313

 
 
 
28,662

 
 
 
176,400

 
 
 
167,269

 
 
 
31,200

 
 
 
495

 
Multifamily
 
1,210

 
 
 
1,217

 
 
 
146

 
 
 
1,230

 
 
 
1,241

 
 
 
175

 
 
 
6

 
Total individually impaired loans with related allowance recorded
 
171,980

 
 
 
162,530

 
 
 
28,808

 
 
 
177,630

 
 
 
168,510

 
 
 
31,375

 
 
 
501

 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
With no related allowance recorded:(1)
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
Single-family:
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
Primary
 
18,139

 
 
 
16,349

 
 
 

 
 
 
16,704

 
 
 
14,876

 
 
 

 
 
 

 
Government
 
60

 
 
 
55

 
 
 

 
 
 
61

 
 
 
57

 
 
 

 
 
 

 
Alt-A
 
4,737

 
 
 
3,881

 
 
 

 
 
 
3,993

 
 
 
3,119

 
 
 

 
 
 

 
Other
 
1,540

 
 
 
1,358

 
 
 

 
 
 
1,240

 
 
 
1,056

 
 
 

 
 
 

 
Total single-family
 
24,476

 
 
 
21,643

 
 
 

 
 
 
21,998

 
 
 
19,108

 
 
 

 
 
 

 
Multifamily
 
511

 
 
 
513

 
 
 

 
 
 
565

 
 
 
568

 
 
 

 
 
 

 
Total individually impaired loans with no related allowance recorded
 
24,987

 
 
 
22,156

 
 
 

 
 
 
22,563

 
 
 
19,676

 
 
 

 
 
 

 
Total individually impaired loans(2)
 
$
196,967

 
 
 
$
184,686

 
 
 
$
28,808

 
 
 
$
200,193

 
 
 
$
188,186

 
 
 
$
31,375

 
 
 
$
501

 

82