Fannie Mae 2006 Annual Report Download - page 140
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Table 35: Risk Characteristics of Conventional Single-Family Business Volume and Mortgage Credit Book of
Business
(1)
2006 2005 2004 2006 2005 2004
Percent of Business Volume
(2)
For the Year Ended December 31,
Percent of Book of Business
(3)
As of December 31,
Original LTV ratio:
(4)
⬍=60% ....................... 18% 22% 23% 25% 26% 26%
60.01% to 70%. . . . . . . . . . . . . . . . . . . 15 16 16 17 17 17
70.01% to 80%. . . . . . . . . . . . . . . . . . . 50 46 43 43 41 40
80.01% to 90%. . . . . . . . . . . . . . . . . . . 7 7 8 7 8 9
90.01% to 100% . . . . . . . . . . . . . . . . . . 10 9 10 8 8 8
Greater than 100% . . . . . . . . . . . . . . . . ——————
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Weighted average . . . . . . . . . . . . . . . 73% 72% 71% 70% 70% 70%
Average loan amount . . . . . . . . . . . . . . . . $184,411 $171,761 $158,759 $135,379 $129,657 $125,812
Estimated mark-to-market LTV ratio:
(5)
⬍=60% ....................... 55% 60% 53%
60.01% to 70%. . . . . . . . . . . . . . . . . . . 17 17 20
70.01% to 80%. . . . . . . . . . . . . . . . . . . 18 16 18
80.01% to 90%. . . . . . . . . . . . . . . . . . . 7 5 6
90.01% to 100% . . . . . . . . . . . . . . . . . . 3 2 3
Greater than 100% . . . . . . . . . . . . . . . . — — —
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Weighted average . . . . . . . . . . . . . . . 55% 53% 57%
Product type:
(6)
Fixed-rate:
Long-term . . . . . . . . . . . . . . . . . . . . 71% 69% 62% 68% 65% 64%
Intermediate-term . . . . . . . . . . . . . . . 6 9 16 18 21 24
Interest-only . . . . . . . . . . . . . . . . . . . 6 1 — 1 — —
Total fixed-rate . . . . . . . . . . . . . . . 83 79 78 87 86 88
Adjustable-rate:
Interest-only . . . . . . . . . . . . . . . . . . . 9 9 5 4 4 2
Negative-amortizing. . . . . . . . . . . . . . 3 3 2 2 2 1
Other ARMs . . . . . . . . . . . . . . . . . . . 5 9 15 7 8 9
Total adjustable-rate . . . . . . . . . . . . 17 21 22 13 14 12
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Number of property units:
1unit ......................... 96% 96% 96% 96% 96% 96%
2-4 units . . . . . . . . . . . . . . . . . . . . . . . 4 4 4 4 4 4
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Property type:
Single-family homes . . . . . . . . . . . . . . . 89% 90% 91% 92% 92% 93%
Condo/Co-op.................... 11 10 9 8 8 7
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
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