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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 08/03/2017
Entire Document
 
 
Notes to Condensed Consolidated Financial Statements | Mortgage Loans


The following table displays the total recorded investment in our multifamily HFI loans by credit quality indicator, excluding loans for which we have elected the fair value option.
  
As of
  
June 30,
 
December 31,
 
2017
 
2016
  
(Dollars in millions)
Credit risk profile by internally assigned grade:
 
 
 
Non-classified
$
243,555

 
$
228,749

Classified:(1)
 
 
 
Substandard
3,069

 
3,129

Doubtful
4

 
3

Total classified
3,073

 
3,132

Total
$
246,628

 
$
231,881

_________
(1) 
A loan classified as “Substandard” has a well-defined weakness that jeopardizes the timely full repayment. “Doubtful” refers to a loan with a weakness that makes collection or liquidation in full highly questionable and improbable based on existing conditions and values.
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; excluding loans classified as HFS. The following tables display the total unpaid principal balance, recorded investment, related allowance, average recorded investment and interest income recognized for individually impaired loans.
 
As of
 
June 30, 2017
 
December 31, 2016
 
Unpaid Principal Balance
 
Total Recorded Investment
 
Related Allowance for Loan Losses
 
Unpaid Principal Balance
 
Total Recorded Investment
 
Related Allowance for Loan Losses
 
(Dollars in millions)
Individually impaired loans:
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
With related allowance recorded:
 
 
 
 
 
  

 
 
 
 
 
 
 
 
 
 
  

 
 
 
 
 
Single-family:
 
 
 
 
 
  

 
 
 
 
 
 
 
 
 
 
  

 
 
 
 
 
Primary
 
$
97,394

 
 
 
$
92,591

 
 
 
$
12,778

 
 
$
105,113

 
 
 
$
99,825

 
 
 
$
14,462

 
Government
 
288

 
 
 
291

 
 
 
58

 
 
302

 
 
 
305

 
 
 
59

 
Alt-A
 
25,862

 
 
 
23,556

 
 
 
4,642

 
 
28,599

 
 
 
26,059

 
 
 
5,365

 
Other
 
9,651

 
 
 
9,106

 
 
 
1,719

 
 
11,087

 
 
 
10,465

 
 
 
2,034

 
Total single-family
 
133,195

 
 
 
125,544

 
 
 
19,197

 
 
145,101

 
 
 
136,654

 
 
 
21,920

 
Multifamily
 
217

 
 
 
218

 
 
 
41

 
 
320

 
 
 
323

 
 
 
33

 
Total individually impaired loans with related allowance recorded
 
133,412

 
 
 
125,762

 
 
 
19,238

 
 
145,421

 
 
 
136,977

 
 
 
21,953

 
With no related allowance recorded:(1)
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
Single-family:
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
Primary
 
16,109

 
 
 
15,225

 
 
 

 
 
15,733

 
 
 
14,758

 
 
 

 
Government
 
67

 
 
 
62

 
 
 

 
 
63

 
 
 
59

 
 
 

 
Alt-A
 
3,418

 
 
 
3,010

 
 
 

 
 
3,511

 
 
 
3,062

 
 
 

 
Other
 
1,078

 
 
 
992

 
 
 

 
 
1,159

 
 
 
1,065

 
 
 

 
Total single-family
 
20,672

 
 
 
19,289

 
 
 

 
 
20,466

 
 
 
18,944

 
 
 

 
Multifamily
 
268

 
 
 
269

 
 
 

 
 
266

 
 
 
266

 
 
 

 
Total individually impaired loans with no related allowance recorded
 
20,940

 
 
 
19,558

 
 
 

 
 
20,732

 
 
 
19,210

 
 
 

 
Total individually impaired loans(2)
 
$
154,352

 
 
 
$
145,320

 
 
 
$
19,238

 
 
$
166,153

 
 
 
$
156,187

 
 
 
$
21,953

 

Fannie Mae (In conservatorship) Second Quarter 2017 Form 10-Q
74