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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 | Concentrations of Credit Risk


The following tables display the delinquency status and serious delinquency rates for specified loan categories of our single-family conventional and total multifamily guaranty book of business.
 
As of
 
September 30, 2018(1)
 
December 31, 2017(1)
 
30 Days Delinquent
 
60 Days Delinquent
 
Seriously Delinquent(2)
 
30 Days Delinquent
 
60 Days Delinquent
 
Seriously Delinquent(2)
Percentage of single-family conventional guaranty book of business(3)
1.30
%
 
0.32
%
 
0.75
%
 
1.42
%
 
0.43
%
 
1.15
%
Percentage of single-family conventional loans(4)
1.52

 
0.37

 
0.82

 
1.63

 
0.50

 
1.24


 
As of
 
September 30, 2018(1)
 
December 31, 2017(1)
 
Percentage of
Single-Family
Conventional
Guaranty Book of Business(3)
 
Seriously Delinquent Rate(2)
 
Percentage of
Single-Family
Conventional
Guaranty Book of Business(3)
 
Seriously Delinquent Rate(2)
Estimated mark-to-market LTV ratio:
 
 
 
 
 
 
 
Greater than 100%
1
%
 
10.65
%
 
1
%
 
11.70
%
Geographical distribution:
 
 
 
 
 
 
 
California
19

 
0.34

 
19

 
0.42

Florida
6

 
1.51

 
6

 
3.71

New Jersey
4

 
1.51

 
4

 
2.15

New York
5

 
1.55

 
5

 
2.02

All other states
66

 
0.77

 
66

 
1.09

Product distribution:
 
 
 
 
 
 
 
Alt-A
2

 
3.68

 
2

 
4.95

Vintages:
 
 
 
 
 
 
 
2004 and prior
3

 
2.77

 
4

 
3.28

2005-2008
5

 
4.90

 
6

 
6.55

2009-2018
92

 
0.34

 
90

 
0.53

__________
(1) 
Consists of the portion of our single-family conventional guaranty book of business for which we have detailed loan level information, which constituted approximately 99% of our total single-family conventional guaranty book of business as of September 30, 2018 and December 31, 2017.
(2) 
Consists of single-family conventional loans that were 90 days or more past due or in the foreclosure process as of September 30, 2018 and December 31, 2017.
(3) 
Calculated based on the aggregate unpaid principal balance of single-family conventional loans for each category divided by the aggregate unpaid principal balance of loans in our single-family conventional guaranty book of business.  
(4) 
Calculated based on the number of single-family conventional loans that were delinquent divided by the total number of loans in our single-family conventional guaranty book of business.

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