Fannie Mae 2010 Annual Report Download - page 161
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2010 2009 2008 2010 2009 2008
Percent of Single-Family
Conventional Business Volume
(2)
For the Year Ended December 31,
Percent of Single-Family
Conventional Guaranty
Book of Business
(3)(4)
As of December 31,
(Dollars in millions)
Property type:
Single-family homes . . . . . . . . . . . . . 91% 92% 89% 91% 91% 91%
Condo/Co-op .................. 9 8 11 9 9 9
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Occupancy type:
Primary residence . . . . . . . . . . . . . . . 91% 93% 89% 90% 90% 90%
Second/vacation home . . . . . . . . . . . . 4 5 5 4 4 4
Investor . . . . . . . . . . . . . . . . . . . . . . 5 2 6 6 6 6
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
FICO credit score:
G620....................... *% *% 3% 4% 4% 5%
620 to G660.................. 2 2 6 7 8 9
660 to G700.................. 7 7 14 15 16 17
700 to G740.................. 16 17 22 21 22 23
H=740...................... 75 74 55 53 50 45
Not available . . . . . . . . . . . . . . . . . . * * — — * 1
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Weighted average. . . . . . . . . . . . . . 762 761 738 735 730 724
Loan purpose:
Purchase . . . . . . . . . . . . . . . . . . . . . 22% 20% 41% 33% 36% 41%
Cash-out refinance. . . . . . . . . . . . . . . 20 27 31 29 31 32
Other refinance . . . . . . . . . . . . . . . . . 58 53 28 38 33 27
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Geographic concentration:
(9)
Midwest...................... 16% 16% 15% 15% 16% 16%
Northeast . . . . . . . . . . . . . . . . . . . . . 20 19 18 19 19 19
Southeast . . . . . . . . . . . . . . . . . . . . . 18 20 23 24 24 25
Southwest..................... 15 15 16 15 15 16
West ........................ 31 30 28 27 26 24
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Origination year:
G=2000...................... 1% 2% 2%
2001 ........................ 1 1 2
2002 ........................ 3 4 5
2003 ........................ 11 14 18
2004 ........................ 7 7 10
2005 ........................ 9 10 13
2006 ........................ 8 11 14
2007 ........................ 12 15 20
2008 ........................ 9 13 16
2009 ........................ 21 23 —
2010 ........................ 18 — —
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
* Represents less than 0.5% of single-family conventional business volume or book of business.
(1)
We reflect second lien mortgage loans in the original LTV ratio calculation only when we own both the first and second lien
mortgage loans or we own only the second lien mortgage loan. Second lien mortgage loans represented less than 0.6% of our single-
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