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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 08/05/2011
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including the limit on the mortgage assets that we may own pursuant to the senior preferred stock purchase agreement. We purchased approximately 204,000 delinquent loans with an unpaid principal balance of approximately $36 billion from our single-family MBS trusts in the first half of 2011. As of June 30, 2011, the total unpaid principal balance of all loans in single-family MBS trusts that were delinquent as to four or more consecutive monthly payments was $6.1 billion. In July 2011, we purchased approximately 29,000 delinquent loans with an unpaid principal balance of $5.1 billion from our single-family MBS trusts.
 
Securitizations increased in the second quarter and first half of 2011 compared with the second quarter and first half of 2010 primarily due to the securitization of $9.3 billion of existing reverse mortgage whole loans from the Capital Markets group’s portfolio in the second quarter of 2011. We held these reverse mortgage securities in our Capital Markets group’s portfolio as of June 30, 2011.
 
Table 20 shows the composition of the Capital Markets group’s mortgage portfolio as of June 30, 2011 and December 31, 2010.
 
Table 20:  Capital Markets Group’s Mortgage Portfolio Composition(1)
 
                 
    As of  
    June 30,
    December 31,
 
    2011     2010  
    (Dollars in millions)  
 
Capital Markets group’s mortgage loans:
               
Single-family loans
               
Government insured or guaranteed
  $ 41,849     $ 51,783  
Conventional:
               
Long-term, fixed-rate
    241,766       237,096  
Intermediate-term, fixed-rate
    9,474       11,446  
Adjustable-rate
    26,832       31,526  
                 
Total single-family conventional
    278,072       280,068  
                 
Total single-family loans
    319,921       331,851  
                 
Multifamily loans
               
Government insured or guaranteed
    396       431  
Conventional:
               
Long-term, fixed-rate
    3,890       4,413  
Intermediate-term, fixed-rate
    64,248       71,010  
Adjustable-rate
    16,962       19,369  
                 
Total multifamily conventional
    85,100       94,792  
                 
Total multifamily loans
    85,496       95,223  
                 
Total Capital Markets group’s mortgage loans
    405,417       427,074  
                 
Capital Markets group’s mortgage-related securities:
               
Fannie Mae
    231,541       260,429  
Freddie Mac
    14,952       17,332  
Ginnie Mae
    1,126       1,425  
Alt-A private-label securities
    20,936       22,283  
Subprime private-label securities
    17,277       18,038  
CMBS
    24,500       25,052  
Mortgage revenue bonds
    11,658       12,525  
Other mortgage-related securities
    4,394       4,613  
                 
Total Capital Markets group’s mortgage-related securities(2)
    326,384       361,697  
                 
Total Capital Markets group’s mortgage portfolio
  $ 731,801     $ 788,771  
                 


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