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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 08/05/2011
Entire Document
 
Table of Contents

FANNIE MAE
(In conservatorship)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(UNAUDITED)
 
 
(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®.
 
                                 
    As of June 30, 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
    0.14 %     0.46 %     0.21 %     0.71 %
 
                                 
    As of June 30, 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 %     0.50 %     5 %     0.59 %
Less than or equal to 80%
    95       0.46       95       0.71  
Original debt service coverage ratio:
                               
Less than or equal to 1.10
    9       0.10       9       0.27  
Greater than 1.10
    91       0.50       91       0.75  
Acquisition loan size distribution:
                               
Less than or equal to $750,000
    2       1.35       2       1.61  
Greater than $750,000 and less than or equal to $3 million
    12       1.09       12       1.17  
Greater than $3 million and less than or equal to $5 million
    9       0.76       9       0.88  
Greater than $5 million and less than or equal to $25 million
    42       0.49       42       0.88  
Greater than $25 million
    35       0.09       35       0.24  
Maturing dates:
                               
Maturing in 2011
    1       2.33       3       0.68  
Maturing in 2012
    6       0.27       7       0.42  
Maturing in 2013
    10       0.39       11       0.54  
Maturing in 2014
    8       0.13       8       0.67  
Maturing in 2015
    9       0.59       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 June 30, 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.


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