Print Page  |  Close Window

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)(2)   As of December 31, 2010(1)(2)
    30 Days
  Seriously
  30 Days
  Seriously
    Delinquent   Delinquent(3)   Delinquent   Delinquent(3)
 
Percentage of multifamily guaranty book of business
    0.16 %     0.64 %     0.21 %     0.71 %
 
                                 
    As of March 31, 2011(1)(2)     As of December 31, 2010(1)(2)  
    Percentage of
          Percentage of
       
    Multifamily
    Percentage
    Multifamily
    Percentage
 
    Guaranty
    Seriously
    Guaranty
    Seriously
 
    Book of Business     Delinquent(3)     Book of Business     Delinquent(3)  
 
Original loan-to-value ratio:
                               
Greater than 80%
    5 %     0.60 %     5 %     0.59 %
Less than or equal to 80%
    95       0.64       95       0.71  
Original debt service coverage ratio:
                               
Less than or equal to 1.10
    9       0.20       9       0.27  
Greater than 1.10
    91       0.68       91       0.75  
Acquisition loan size distribution:
                               
Less than or equal to $750,000
    2       1.59       2       1.61  
Greater than $750,000 and less than or equal to $3 million
    12       1.22       12       1.17  
Greater than $3 million and less than
                               
or equal to $5 million
    9       0.84       9       0.88  
Greater than $5 million and less than
                               
or equal to $25 million
    42       0.76       42       0.88  
Greater than $25 million
    35       0.18       35       0.24  
Maturing dates:
                               
Maturing in 2011
    3       1.10       3       0.68  
Maturing in 2012
    7       0.43       7       0.42  
Maturing in 2013
    10       0.46       11       0.54  
Maturing in 2014
    8       0.52       8       0.67  
Maturing in 2015
    9       0.70       9       0.57  
 
 
(1) Consists of the portion of our multifamily guaranty book of business for which we have detailed loan level information, which constituted 99% of our total multifamily guaranty book of business as of both March 31, 2011 and December 31, 2010, respectively, excluding loans that have been defeased. Defeasance is a pre-payment of a loan through substitution of collateral.
 
(2) Calculated based on the aggregate unpaid principal balance of multifamily loans for each category divided by the aggregate unpaid principal balance of loans in our multifamily guaranty book of business.
 
(3) Consists of multifamily loans that were 60 days or more past due as of the periods indicated.

115