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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


For loans that had a payment default in the period presented and that were classified as a TDR in the twelve months prior to the payment default, the following tables display the number of loans and our recorded investment in these loans at the time of payment default. For purposes of this disclosure, we define loans that had a payment default as: single-family and multifamily loans with completed TDRs that liquidated during the period, either through foreclosure, deed-in-lieu of foreclosure, or a short sale; single-family loans with completed modifications that are two or more months delinquent during the period; or multifamily loans with completed modifications that are one or more months delinquent during the period.
 
For the Three Months Ended September 30,
 
2018
 
2017
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(Dollars in millions)
Single-family:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
3,720

 
 
 
$
519

 
 
 
4,900

 
 
 
$
684

 
Government
 
8

 
 
 

 
 
 
25

 
 
 
3

 
Alt-A
 
438

 
 
 
74

 
 
 
627

 
 
 
95

 
Other
 
143

 
 
 
29

 
 
 
178

 
 
 
34

 
Total single-family
 
4,309

 
 
 
622

 
 
 
5,730

 
 
 
816

 
Multifamily
 
1

 
 
 
2

 
 
 

 
 
 

 
Total TDRs that subsequently defaulted
 
4,310

 
 
 
$
624

 
 
 
5,730

 
 
 
$
816

 

 
For the Nine Months Ended September 30,
 
2018
 
2017
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(Dollars in millions)
Single-family:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Primary
 
12,372

 
 
 
$
1,774

 
 
 
13,617

 
 
 
$
1,894

 
Government
 
37

 
 
 
4

 
 
 
69

 
 
 
8

 
Alt-A
 
1,703

 
 
 
275

 
 
 
1,857

 
 
 
288

 
Other
 
469

 
 
 
93

 
 
 
529

 
 
 
102

 
Total single-family
 
14,581

 
 
 
2,146

 
 
 
16,072

 
 
 
2,292

 
Multifamily
 
2

 
 
 
4

 
 
 
1

 
 
 
4

 
Total TDRs that subsequently defaulted
 
14,583

 
 
 
$
2,150

 
 
 
16,073

 
 
 
$
2,296

 


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