Print Page  |  Close Window

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)


The following table displays the allowance for loan losses and total recorded investment in our HFI loans, excluding loans for which we have elected the fair value option, by impairment or reserve methodology and portfolio segment as of March 31, 2015 and December 31, 2014.
 
As of
  
March 31, 2015
 
December 31, 2014
 
Single-Family
 
Multifamily
 
Total
 
Single-Family
 
Multifamily
 
Total
 
(Dollars in millions)
Allowance for loan losses by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
28,662

 
 
$
146

 
 
$
28,808

 
$
31,200

 
 
$
175

 
 
$
31,375

Collectively reserved loans
2,852

 
 
160

 
 
3,012

 
3,977

 
 
189

 
 
4,166

Total allowance for loan losses
$
31,514

 
 
$
306

 
 
$
31,820

 
$
35,177

 
 
$
364

 
 
$
35,541

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
182,956

 
 
$
1,730

 
 
$
184,686

 
$
186,377

 
 
$
1,809

 
 
$
188,186

Collectively reserved loans
2,660,583

 
 
191,298

 
 
2,851,881

 
2,672,184

 
 
187,424

 
 
2,859,608

Total recorded investment in loans
$
2,843,539

 
 
$
193,028

 
 
$
3,036,567

 
$
2,858,561

 
 
$
189,233

 
 
$
3,047,794

__________
(1) 
Includes acquired credit-impaired loans.
5. Investments in Securities
Trading Securities
Trading securities are recorded at fair value with subsequent changes in fair value recorded as “Fair value losses, net” in our condensed consolidated statements of operations and comprehensive income. The following table displays our investments in trading securities.
 
As of
 
March 31, 2015
 
December 31, 2014
 
(Dollars in millions)
Mortgage-related securities:
 
 
 
 
 
 
 
Fannie Mae
 
$
4,959

 
 
 
$
4,940

 
Freddie Mac
 
1,723

 
 
 
1,369

 
Ginnie Mae
 
214

 
 
 
166

 
Alt-A private-label securities
 
833

 
 
 
920

 
Subprime private-label securities
 
876

 
 
 
1,307

 
CMBS
 
2,478

 
 
 
2,515

 
Mortgage revenue bonds
 
742

 
 
 
722

 
Other mortgage-related securities
 
94

 
 
 
99

 
Total mortgage-related securities
 
11,919

 
 
 
12,038

 
U.S. Treasury securities
 
19,367

 
 
 
19,466

 
Total trading securities
 
$
31,286

 
 
 
$
31,504

 

87