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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 11/02/2018
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MD&A | Business Segments


Single-Family Portfolio Diversification and Monitoring
For information on key loan attributes, see “MD&ABusiness SegmentsSingle-Family BusinessSingle-Family Mortgage Credit Risk ManagementSingle-Family Portfolio Diversification and Monitoring” in our 2017 Form 10-K. The table below displays our single-family conventional business volumes and our single-family conventional guaranty book of business, based on certain key risk characteristics that we use to evaluate the risk profile and credit quality of our single-family loans.
Risk Characteristics of Single-Family Conventional Business Volume and Guaranty Book of Business(1)
 
Percent of Single-Family Conventional Business
Volume at Acquisition(2)
Percent of Single-Family
Conventional Guaranty Book of Business(3)
As of
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
 
September 30, 2018
 
December 31, 2017
Original loan-to-value (“LTV”) ratio:(4)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
<= 60%
14

%
16

%
16

%
18

%
 
20

%
 
 
20

%
60.01% to 70%
11

 
12

 
12

 
13

 
 
13

 
 
 
14

 
70.01% to 80%
37

 
39

 
37

 
39

 
 
38

 
 
 
38

 
80.01% to 90%
14

 
13

 
13

 
12

 
 
11

 
 
 
11

 
90.01% to 95%
16

 
15

 
15

 
14

 
 
11

 
 
 
10

 
95.01% to 100%
8

 
5

 
7

 
4

 
 
4

 
 
 
4

 
Greater than 100%
*

 
*

 
*

 
*

 
 
3

 
 
 
3

 
Total
100

%
100

%
100

%
100

%
 
100

%
 
 
100

%
Weighted average
78

%
76

%
77

%
75

%
 
75

%
 
 
75

%
Average loan amount
$
235,125

 
$
228,445

 
$
233,027

 
$
225,123

 
 
$
169,600

 
 
 
$
166,643

 
Estimated mark-to-market LTV ratio:(5)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
<= 60%
 
 
 
 
 
 
 
 
 
56

%
 
 
52

%
60.01% to 70%
 
 
 
 
 
 
 
 
 
18

 
 
 
18

 
70.01% to 80%
 
 
 
 
 
 
 
 
 
15

 
 
 
17

 
80.01% to 90%
 
 
 
 
 
 
 
 
 
7

 
 
 
8

 
90.01% to 100%
 
 
 
 
 
 
 
 
 
3

 
 
 
4

 
Greater than 100%
 
 
 
 
 
 
 
 
 
1

 
 
 
1

 
Total
 
 
 
 
 
 
 
 
 
100

%
 
 
100

%
Weighted average
 
 
 
 
 
 
 
 
 
56

%
 
 
58

%
Product type:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-rate:(6)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term
91

%
85

%
89

%
83

%
 
82

%
 
 
80

%
Intermediate-term
7

 
12

 
9

 
14

 
 
14

 
 
 
15

 
Total fixed-rate
98

 
97

 
98

 
97

 
 
96

 
 
 
95

 
Adjustable-rate
2

 
3

 
2

 
3

 
 
4

 
 
 
5

 
Total
100

%
100

%
100

%
100

%
 
100

%
 
 
100

%
Number of property units:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 unit
98

%
98

%
98

%
97

%
 
97

%
 
 
97

%
2 to 4 units
2

 
2

 
2

 
3

 
 
3

 
 
 
3

 
Total
100

%
100

%
100

%
100

%
 
100

%
 
 
100

%

Fannie Mae Third Quarter 2018 Form 10-Q
25