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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 | Allowance for Loan Losses


The following table displays the allowance for loan losses and recorded investment in our HFI loans, excluding loans for which we have elected the fair value option, by impairment or allowance methodology and portfolio segment.
 
As of
  
June 30, 2017
 
December 31, 2016
 
Single-Family
 
Multifamily
 
 
Total
 
Single-Family
 
Multifamily
 
Total
 
(Dollars in millions)
Allowance for loan losses by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
19,197

 
 
$
41

 
 
$
19,238

 
$
21,920

 
 
$
33
 
 
$
21,953

Collectively reserved loans
1,021

 
 
140

 
 
1,161

 
1,363

 
 
149
 
 
1,512

Total allowance for loan losses
$
20,218

 
 
$
181

 
 
$
20,399

 
$
23,283

 
 
$
182
 
 
$
23,465

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans by segment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually impaired loans(1)
$
144,833

 
 
$
487

 
 
$
145,320

 
$
155,598

 
 
$
589
 
 
$
156,187

Collectively reserved loans
2,745,268

 
 
246,141

 
 
2,991,409

 
2,708,337

 
 
231,292
 
 
2,939,629

Total recorded investment in loans
$
2,890,101

 
 
$
246,628

 
 
$
3,136,729

 
$
2,863,935

 
 
$
231,881
 
 
$
3,095,816

__________
(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
 
June 30, 2017
 
December 31, 2016
 
(Dollars in millions)
 
Mortgage-related securities:
 
 
 
 
 
 
 
Fannie Mae
 
$
4,277

 
 
 
$
4,769

 
Other agency
 
1,969

 
 
 
2,058

 
Alt-A and subprime private-label securities
 
593

 
 
 
636

 
Commercial mortgage-backed securities (“CMBS”)
 
16

 
 
 
761

 
Mortgage revenue bonds
 
1

 
 
 
21

 
Total mortgage-related securities
 
6,856

 
 
 
8,245

 
U.S. Treasury securities
 
32,418

 
 
 
32,317

 
Total trading securities
 
$
39,274

 
 
 
$
40,562

 
Available-for-Sale Securities
We record available-for-sale (“AFS”) securities at fair value with unrealized gains and losses, recorded net of tax, as a component of “Other comprehensive income (loss)” and we recognize realized gains and losses from the sale of AFS securities in “Investment gains, net” in our condensed consolidated statements of operations and comprehensive income.

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