Freddie Mac 2009 Annual Report Download - page 181

Table 76 provides information about our total mortgage portfolio at December 31, 2009, 2008 and 2007.
Table 76 — Total Mortgage Portfolio
(1)
2009 2008 2007
December 31,
(dollars in millions)
Total mortgage portfolio:
Mortgage-related investments portfolio:
Total single-family loans
(2)
................................................... $ 54,878 $ 38,755 $ 24,589
Total multifamily loans
(2)
.................................................... 83,938 72,721 57,569
Total mortgage loans . ....................................................... 138,816 111,476 82,158
Guaranteed PCs and Structured Securities in the mortgage-related investments portfolio:
Single-family PCs and Structured Securities . . . .................................... 354,425 405,375 343,071
Single-family Structured Transactions . . . ........................................ 18,241 17,088 11,240
Multifamily PCs and Structured Securities ........................................ 1,949 2,061 2,659
Total guaranteed PCs and Structured Securities in the mortgage-related investments portfolio . . . . . . . 374,615 424,524 356,970
Non Freddie Mac mortgage-related securities, agency .................................. 66,171 70,852 47,836
Non Freddie Mac mortgage-related securities, non-agency . . . . ........................... 175,670 197,910 233,849
Total non-Freddie Mac mortgage related securities .................................... 241,841 268,762 281,685
Total mortgage-related investments portfolio
(3)
....................................... 755,272 804,762 720,813
Guaranteed PCs and Structured Securities held by third parties:
Single-family PCs and Structured Securities
(4)
...................................... 1,470,231 1,381,531 1,363,613
Single-family Structured Transactions
(5)
.......................................... 9,662 7,586 9,351
Multifamily PCs and Structured Securities
(4)
....................................... 12,328 12,768 7,999
Multifamily Structured Transactions
(5)
........................................... 3,046 829 900
Total guaranteed PCs and Structured Securities held by third parties ........................ 1,495,267 1,402,714 1,381,863
Total mortgage portfolio ..................................................... $2,250,539 $2,207,476 $2,102,676
Mortgage-related investments portfolio:
Single-family loans . ....................................................... 2% 2% 1%
Multifamily loans . . ....................................................... 4 3 3
PCs and Structured Securities ................................................. 17 19 17
Non-Freddie Mac mortgage-related securities . . .................................... 11 12 13
Total mortgage-related investments portfolio ........................................ 34 36 34
PCs and Structured Securities held by third parties .................................. 66 64 66
Total mortgage portfolio ...................................................... 100% 100% 100%
2009 2008 2007
December 31,
(in millions)
Guaranteed PCs and Structured Securities:
Mortgage-related investments portfolio:
Single-class . . ........................................................... $ 255,171 $ 293,597 $ 219,702
Multi-class. . . ........................................................... 119,444 130,927 137,268
Total PCs and Structured Securities in our mortgage-related investments portfolio ............... 374,615 424,524 356,970
Held by third parties:
Single-class . . ........................................................... 1,031,869 865,375 817,353
Multi-class. . . ........................................................... 444,823 517,475 526,604
Other . . . . . . ........................................................... 18,575 19,864 37,906
Total PCs and Structured Securities held by third parties . . . . . ........................... 1,495,267 1,402,714 1,381,863
Total guaranteed PCs and Structured Securities .................................... $1,869,882 $1,827,238 $1,738,833
(1) Based on unpaid principal balance and excludes mortgage loans and mortgage-related securities traded, but not yet settled. For PCs and Structured
Securities, the balance reflects reported security balances and not the unpaid principal balance of the underlying mortgage loans. Mortgage loans held in
our mortgage-related investments portfolio reflect the unpaid principal balance of the loan.
(2) Includes FHA/VA and other federally guaranteed loans in the amounts of $3.1 billion, $1.4 billion and $1.2 billion for single-family for the years 2009,
2008 and 2007, respectively, and $3 million, for multifamily for all three of these years.
(3) See “CONSOLIDATED BALANCE SHEETS ANALYSIS — Investments in Securities” for reconciliations of the mortgage-related investments portfolio
amounts shown in this table to the amounts shown under such caption in conformity with GAAP on our consolidated balance sheets.
(4) At December 31, 2009, includes $802 million of single-family guarantees and $14 million of multifamily guarantees issued under the TCLFI. This
program was initiated in 2009.
(5) At December 31, 2009, includes $3.1 billion of single-family Structured Transactions and $391 million of multifamily Structured Transactions issued
under the NIBI. This program was initiated in 2009.
178 Freddie Mac