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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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Table of Contents

 
Table 11:  Total Loss Reserves
 
                 
    As of  
    June 30, 2011     December 31, 2010  
    (Dollars in millions)  
 
Allowance for loan losses
  $ 69,506     $ 61,556  
Reserve for guaranty losses(1)
    960       323  
                 
Combined loss reserves
    70,466       61,879  
Allowance for accrued interest receivable
    3,024       3,414  
Allowance for preforeclosure property taxes and insurance receivable(2)
    1,267       958  
                 
Total loss reserves
    74,757       66,251  
Fair value losses previously recognized on acquired credit impaired loans(3)
    17,693       19,171  
                 
Total loss reserves and fair value losses previously recognized on acquired credit-impaired loans
  $ 92,450     $ 85,422  
                 
 
 
(1) Amount included in “Other liabilities” in our condensed consolidated balance sheets.
 
(2) Amount included in “Other assets” in our condensed consolidated balance sheets.
 
(3) Represents the fair value losses on loans purchased out of MBS trusts reflected in our condensed consolidated balance sheets.
 
We refer to our allowance for loan losses and reserve for guaranty losses collectively as our combined loss reserves. We summarize the changes in our combined loss reserves in Table 12.


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