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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

FANNIE MAE
(In conservatorship)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(UNAUDITED)
 
                                 
    As of March 31, 2011(1)     As of December 31, 2010(1)  
    Percentage of
          Percentage of
       
    Single-Family
          Single-Family
       
    Conventional
    Percentage
    Conventional
    Percentage
 
    Guaranty Book
    Seriously
    Guaranty Book
    Seriously
 
    of Business(3)     Delinquent(2)(4)     of Business(3)     Delinquent(2)(4)  
 
Vintages:
                               
2005
    8       7.17       9       7.20  
2006
    8       12.12       8       12.19  
2007
    11       13.08       12       13.24  
2008
    8       5.10       9       4.88  
All other vintages
    65       1.64       62       1.73  
 
 
Represents less than 0.5% of the single-family conventional guaranty book of business.
 
(1) Consists of the portion of our single-family conventional guaranty book of business for which we have detailed loan level information, which constituted over 99% of our total single-family conventional guaranty book of business as of both March 31, 2011 and December 31, 2010.
 
(2) Consists of single-family conventional loans that were three months or more past due or in foreclosure, as of the periods indicated.
 
(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.
 
(5) Consists of Illinois, Indiana, Michigan, and Ohio.
 
(6) Categories are not mutually exclusive. Loans with multiple product features are included in all applicable categories.
 
(7) Includes housing goals-oriented products such as MyCommunityMortgage® and Expanded Approval®.
 

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