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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 05/06/2011
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Table of Contents

 
Table 18:  Capital Markets Group’s Mortgage Portfolio Activity(1)
 
                 
    For the Three Months
 
    Ended March 31,  
    2011     2010  
    (Dollars in millions)  
 
Total Capital Markets mortgage portfolio, beginning balance as of January 1
  $ 788,771     $ 772,728  
Mortgage loans:
               
Beginning balance as of January 1
    427,074       281,162  
Purchases
    38,074       70,561  
Securitizations(2)
    (23,983 )     (14,254 )
Liquidations(3)
    (19,309 )     (7,192 )
                 
Mortgage loans, ending balance as of March 31
    421,856       330,277  
Mortgage securities:
               
Beginning balance as of January 1
  $ 361,697     $ 491,566  
Purchases(4)
    5,090       29,186  
Securitizations(2)
    23,983       14,254  
Sales
    (35,426 )     (79,784 )
Liquidations(3)
    (19,582 )     (20,690 )
                 
Mortgage securities, ending balance as of March 31
    335,762       434,532  
                 
Total Capital Markets mortgage portfolio, ending balance as of March 31
  $ 757,618     $ 764,809  
                 
 
 
(1) Based on unpaid principal balance.
 
(2) Includes portfolio securitization transactions that do not qualify for sale treatment under the accounting standards on the transfers of financial assets.
 
(3) Includes scheduled repayments, prepayments, foreclosures and lender repurchases.
 
(4) Includes purchases of Fannie Mae MBS issued by consolidated trusts.
 
Table 19 shows the composition of the Capital Markets group’s mortgage portfolio as of March 31, 2011 and December 31, 2010.


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