Fannie Mae 2006 Annual Report Download - page 141

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,
Occupancy type:
Primary residence . . . . . . . . . . . . . . . . . 87% 89% 91% 90% 91% 92%
Second/vacation home . . . . . . . . . . . . . . 6 5 4 4 4 3
Investor . . . . . . . . . . . . . . . . . . . . . . . . 7 6 5 6 5 5
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
FICO credit score:
(7)
⬍620......................... 6% 5% 6% 5% 5% 5%
620 to ⬍660.................... 11 11 12 10 10 11
660 to ⬍700.................... 20 19 19 18 18 18
700 to ⬍740.................... 23 23 24 23 23 23
⬎=740........................ 40 42 39 43 43 41
Not available . . . . . . . . . . . . . . . . . . . . — — — 1 1 2
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Weighted average . . . . . . . . . . . . . . . 716 719 715 721 721 719
Loan purpose:
Purchase . . . . . . . . . . . . . . . . . . . . . . . 52% 47% 43% 38% 34% 31%
Cash-out refinance . . . . . . . . . . . . . . . . 34 35 29 32 31 30
Other refinance. . . . . . . . . . . . . . . . . . . 14 18 28 30 35 39
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Geographic concentration:
(8)
Midwest ....................... 15% 16% 17% 17% 17% 17%
Northeast . . . . . . . . . . . . . . . . . . . . . . . 17 18 19 19 19 19
Southeast . . . . . . . . . . . . . . . . . . . . . . . 27 25 22 24 23 22
Southwest ...................... 17 16 14 16 16 16
West.......................... 24 25 28 24 25 26
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Origination year:
⬍=1996........................ 2% 2% 2%
1997.......................... — — 1
1998.......................... 1 2 2
1999.......................... 1 1 2
2000.......................... — 1 1
2001.......................... 3 4 6
2002.......................... 9 12 17
2003.......................... 29 36 46
2004.......................... 16 21 23
2005.......................... 20 21 —
2006.......................... 19 — —
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
(1)
We typically obtain the data for the statistics presented in this table from the sellers or servicers of the mortgage loans
and receive representations and warranties from them as to the accuracy of the information. While we perform various
quality assurance checks by sampling loans to assess compliance with our underwriting and eligibility criteria, we do
not independently verify all reported information. As noted in Table 34 above, we generally have access to detailed
126