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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
 
                 
Part I—Financial Information     1  
  Item 1.     Financial Statements     93  
        Condensed Consolidated Balance Sheets     93  
        Condensed Consolidated Statements of Operations and Comprehensive Loss     94  
        Condensed Consolidated Statements of Cash Flows     95  
          Note 1—Summary of Significant Accounting Policies     96  
          Note 2—Consolidations and Transfers of Financial Assets     103  
          Note 3—Mortgage Loans     107  
          Note 4—Allowance for Loan Losses     112  
          Note 5—Investments in Securities     116  
          Note 6—Financial Guarantees     123  
          Note 7—Acquired Property, Net     127  
          Note 8—Short-Term Borrowings and Long-Term Debt     128  
          Note 9—Derivative Instruments     130  
          Note 10—Segment Reporting     133  
          Note 11—Regulatory Capital Requirements     138  
          Note 12—Concentration of Credit Risk     138  
          Note 13—Fair Value     140  
          Note 14—Commitments and Contingencies     158  
  Item 2.     Management’s Discussion and Analysis of Financial Condition and Results of Operations     1  
        Introduction     1  
        Executive Summary     2  
        Legislative and Regulatory Developments     17  
        Critical Accounting Policies and Estimates     20  
        Consolidated Results of Operations     22  
        Business Segment Results     37  
        Consolidated Balance Sheet Analysis     46  
        Supplemental Non-GAAP Information—Fair Value Balance Sheets     51  
        Liquidity and Capital Management     55  
        Off-Balance Sheet Arrangements     64  
        Risk Management     64  
        Impact of Future Adoption of New Accounting Pronouncements     89  
        Forward-Looking Statements     89  
  Item 3.     Quantitative and Qualitative Disclosures about Market Risk     162  
  Item 4.     Controls and Procedures     162  
PART II—Other Information     165  
  Item 1.     Legal Proceedings     165  
  Item 1A.     Risk Factors     165  
  Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds     170  
  Item 3.     Defaults Upon Senior Securities     173  
  Item 4.     [Removed and reserved]     173  
  Item 5.     Other Information     173  
  Item 6.     Exhibits     173  
 Ex-31.1
 Ex-31.2
 Ex-32.1
 Ex-32.2
 EX-101 INSTANCE DOCUMENT
 EX-101 SCHEMA DOCUMENT
 EX-101 CALCULATION LINKBASE DOCUMENT
 EX-101 LABELS LINKBASE DOCUMENT
 EX-101 PRESENTATION LINKBASE DOCUMENT
 EX-101 DEFINITION LINKBASE DOCUMENT


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