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SEC Filings

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

 
Table 36:  Serious Delinquency Rates
 
                                                 
    March 31, 2011     December 31, 2010     March 31, 2010  
    Percentage of
    Serious
    Percentage of
    Serious
    Percentage of
    Serious
 
    Book
    Delinquency
    Book
    Delinquency
    Book
    Delinquency
 
    Outstanding     Rate     Outstanding     Rate     Outstanding     Rate  
 
Single-family conventional delinquency rates by geographic region:(1)
                                               
Midwest
    15 %     3.99 %     15 %     4.16 %     16 %     4.96 %
Northeast
    19       4.30       19       4.38       19       4.74  
Southeast
    24       6.08       24       6.15       24       7.22  
Southwest
    15       2.73       15       3.05       15       4.17  
West
    27       3.61       27       4.06       26       5.55  
                                                 
Total single-family conventional loans
    100 %     4.27 %     100 %     4.48 %     100 %     5.47 %
                                                 
Single-family conventional loans:
                                               
Credit enhanced
    15 %     10.13 %     15 %     10.60 %     17 %     13.29 %
Non-credit enhanced
    85       3.26       85       3.40       83       3.90  
                                                 
Total single-family conventional loans
    100 %     4.27 %     100 %     4.48 %     100 %     5.47 %
                                                 
 
 
(1) See footnote 9 to “Table 34: Risk Characteristics of Single-Family Conventional Business Volume and Guaranty Book of Business” for states included in each geographic region.
 
While loans across our single-family guaranty book of business have been affected by the weak market conditions, loans in certain states, certain higher-risk loan categories, such as Alt-A loans, subprime loans and loans with higher mark-to-market LTVs, and our 2006 and 2007 loan vintages continue to exhibit higher than average delinquency rates and/or account for a disproportionate share of our credit losses. States in the Midwest have experienced prolonged economic weakness and California, Florida, Arizona and Nevada have experienced the most significant declines in home prices coupled with unemployment rates that remain high.


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