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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 11/02/2018
Entire Document
 
 
Notes to Condensed Consolidated Financial Statements | Mortgage Loans


us when the borrower cures the delinquency of the loan or we otherwise determine that the loan is well secured such that collectibility is reasonably assured.
Aging Analysis
The following tables display an aging analysis of the total recorded investment in our HFI mortgage loans by portfolio segment and class, excluding loans for which we have elected the fair value option.
 
As of September 30, 2018
 
30 - 59 Days
Delinquent
 
60 - 89 Days Delinquent
 
Seriously Delinquent(1)
 
Total Delinquent
 
Current
 
Total
 
Recorded Investment in Loans 90 Days or More Delinquent and Accruing Interest
 
Recorded Investment in Nonaccrual Loans
 
(Dollars in millions)
Single-family:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
$
33,519

 
$
7,506

 
$
14,932

 
$
55,957

 
$
2,799,358

 
$
2,855,315

 
$
25

 
$
25,697

Government(2)
54

 
18

 
175

 
247

 
23,132

 
23,379

 
175

 

Alt-A
2,725

 
875

 
1,908

 
5,508

 
50,900

 
56,408

 
2

 
3,212

Other
978

 
319

 
761

 
2,058

 
14,502

 
16,560

 
5

 
1,216

Total single-family
37,276

 
8,718

 
17,776

 
63,770

 
2,887,892

 
2,951,662

 
207

 
30,125

Multifamily(3)
20

 
N/A

 
198

 
218

 
285,736

 
285,954

 

 
554

Total
$
37,296

 
$
8,718

 
$
17,974

 
$
63,988

 
$
3,173,628

 
$
3,237,616

 
$
207

 
$
30,679

 
As of December 31, 2017
 
30 - 59 Days
Delinquent
 
60 - 89 Days Delinquent
 
Seriously Delinquent(1)
 
Total Delinquent
 
Current
 
Total
 
Recorded Investment in Loans 90 Days or More Delinquent and Accruing Interest
 
Recorded Investment in Nonaccrual Loans 
 
(Dollars in millions)
Single-family:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
$
35,582

 
$
10,396

 
$
23,999

 
$
69,977

 
$
2,732,818

 
$
2,802,795

 
$
87

 
$
37,971

Government(2)
55

 
21

 
206

 
282

 
30,807

 
31,089

 
206

 

Alt-A
3,186

 
1,147

 
3,418

 
7,751

 
59,475

 
67,226

 
5

 
5,094

Other
1,185

 
411

 
1,252

 
2,848

 
19,016

 
21,864

 
5

 
1,834

Total single-family
40,008

 
11,975

 
28,875

 
80,858

 
2,842,116

 
2,922,974

 
303

 
44,899

Multifamily(3)
26

 
N/A

 
276

 
302

 
266,699

 
267,001

 

 
424

Total
$
40,034

 
$
11,975

 
$
29,151

 
$
81,160

 
$
3,108,815

 
$
3,189,975

 
$
303

 
$
45,323

__________
(1) 
Single-family seriously delinquent loans are loans that are 90 days or more past due or in the foreclosure process. Multifamily seriously delinquent loans are loans that are 60 days or more past due.
(2) 
Primarily consists of reverse mortgages, which due to their nature, are not aged and are included in the current column.
(3) 
Multifamily loans 60-89 days delinquent are included in the seriously delinquent column.

Fannie Mae (In conservatorship) Third Quarter 2018 Form 10-Q
62