Freddie Mac 2010 Annual Report Download - page 141

Percentage
of Portfolio
(2)
Percentage
Modified
(3)
Serious
Delinquency
Rate
Percentage
of Portfolio
(2)
Percentage
Modified
(3)
Serious
Delinquency
Rate
Percentage
of Portfolio
(2)
Percentage
Modified
(3)
Serious
Delinquency
Rate
Percentage
of Portfolio
(2)
Percentage
Modified
(3)
Serious
Delinquency
Rate
Current LTV Ratio
(1)
울80 Current LTV Ratio
(1)
of 81-100 Current LTV Ratio
(1)
H100 Current LTV Ratio
(1)
All Loans
December 31, 2009
By Product Type FICO scores ⬍620:
20 and 30- year or more amortizing fixed rate . . . . . . . . . . . . . 1.2% 4.0% 9.5% 0.9% 7.2% 16.6% 0.9% 14.9% 29.1% 3.0% 7.5% 16.2% 15- year amortizing fixed rate . . . . . . . . . . . . . . . . . . . . . . 0.2 1.0 4.4 ⬍0.1 1.4 11.4 ⬍0.1 1.9 18.6 0.2 1.0 5.0
ARMs/adjustable rate
(4)
. . . . . . . . . . . . . . . . . . . . . . . . . 0.1 4.6 12.2 ⬍0.1 4.9 19.9 0.1 5.2 29.7 0.2 4.8 17.6
Interest only
(5)
.............................. ⬍0.1 0.2 17.9 0.1 0.2 27.1 0.1 0.8 44.2 0.2 0.5 35.4
Other
(6)
.................................. ⬍0.1 2.3 3.9 ⬍0.1 1.8 7.5 ⬍0.1 2.1 11.9 ⬍0.1 2.2 5.4
Total FICO scores ⬍620 . . . . . . . . . . . . . . . . . . . . . . . . 1.5 3.2 8.2 1.0 6.5 16.8 1.1 12.8 29.7 3.6 6.0 14.9
FICO scores of 620 to 659:
20 and 30- year or more amortizing fixed rate . . . . . . . . . . . . . 2.5 2.1 5.3 1.9 3.7 10.0 1.8 8.3 20.4 6.2 4.1 10.3 15- year amortizing fixed rate . . . . . . . . . . . . . . . . . . . . . . 0.6 0.5 2.6 0.1 0.5 5.9 ⬍0.1 1.4 11.9 0.7 0.5 2.9
ARMs/adjustable rate
(4)
. . . . . . . . . . . . . . . . . . . . . . . . . 0.2 0.3 6.0 0.1 0.5 13.1 0.1 1.6 25.0 0.4 0.7 13.1
Interest only
(5)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.1 0.1 11.9 0.1 0.3 21.3 0.4 0.5 38.1 0.6 0.4 29.7
Other
(6)
.................................. ⬍0.1 0.9 2.3 ⬍0.1 0.8 5.5 ⬍0.1 0.6 4.0 ⬍0.1 0.7 3.6
Total FICO scores of 620 to 659 . . . . . . . . . . . . . . . . . . . . . 3.4 1.6 4.7 2.2 3.3 10.6 2.3 6.8 22.3 7.9 3.2 10.1
FICO scores 욷660:
20 and 30- year or more amortizing fixed rate . . . . . . . . . . . . . 36.2 0.3 1.0 19.3 0.6 2.8 10.2 2.2 9.4 65.7 0.6 2.6 15- year amortizing fixed rate . . . . . . . . . . . . . . . . . . . . . . 11.3 — 0.4 1.0 0.1 1.3 0.2 0.2 4.9 12.5 ⬍0.1 0.5
ARMs/adjustable rate
(4)
. . . . . . . . . . . . . . . . . . . . . . . . . 1.8 — 1.7 0.9 0.1 5.6 0.8 0.6 16.0 3.5 0.2 5.6
Interest only
(5)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 — 3.4 1.8 0.1 9.6 3.1 0.3 24.2 6.1 0.2 15.7
Other
(6)
.................................. ⬍0.1 0.4 2.0 ⬍0.1 0.2 1.5 0.1 0.2 1.3 0.1 0.2 1.5
Total FICO scores 욷660 . . . . . . . . . . . . . . . . . . . . . . . . 50.5 0.2 0.8 23.0 0.5 3.2 14.4 1.7 12.1 87.9 0.4 2.8
Total of FICO scores not available . . . . . . . . . . . . . . . . . . . . . 0.4 1.9 4.8 0.1 3.8 14.1 0.1 8.2 28.9 0.6 2.5 7.5 All FICO scores:
20 and 30- year or more amortizing fixed rate . . . . . . . . . . . . . 40.3 0.6 1.7 22.0 1.2 4.1 12.9 4.0 12.5 75.2 1.3 4.0 15- year amortizing fixed rate . . . . . . . . . . . . . . . . . . . . . . 12.1 0.1 0.6 1.1 0.1 1.9 0.2 0.4 6.1 13.4 0.1 0.7 ARMs/adjustable rate
(4)
. . . . . . . . . . . . . . . . . . . . . . . . . 2.0 0.3 2.6 1.1 0.4 7.2 1.1 0.9 17.9 4.2 0.5 6.7
Interest only
(5)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.3 — 4.2 2.0 0.1 11.2 3.6 0.3 26.4 6.9 0.2 17.6
Other
(6)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.1 2.5 10.5 0.1 2.2 10.2 0.1 2.0 8.6 0.3 2.3 10.0
Total Single-Family Credit Guarantee Portfolio
(7)
. . . . . . . . . . . . 55.8% 0.4% 1.4% 26.3% 1.0% 4.6% 17.9% 3.2% 14.8% 100.0% 0.9% 4.0%
By Region
(8)
FICO scores ⬍620:
North Central . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.2% 3.2% 7.9% 0.3% 6.5% 14.8% 0.2% 12.8% 23.6% 0.7% 6.8% 14.2% Northeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.5 3.3 9.4 0.2 7.4 20.3 0.2 14.5 30.4 0.9 5.7 14.7 Southeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.3 3.3 9.1 0.2 6.8 18.0 0.3 12.4 33.6 0.8 6.3 17.0 Southwest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.3 3.4 6.5 0.1 6.5 13.3 0.1 13.9 22.0 0.5 5.3 9.8 West . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.2 2.5 7.3 0.2 4.3 18.3 0.3 11.5 34.8 0.7 5.9 18.7 Total FICO scores ⬍620 . . . . . . . . . . . . . . . . . . . . . . . . 1.5 3.2 8.2 1.0 6.5 16.8 1.1 12.8 29.7 3.6 6.0 14.9
FICO scores of 620 to 659:
North Central . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.5 1.5 4.5 0.5 3.4 9.6 0.5 6.9 16.5 1.5 3.5 9.2 Northeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.0 1.5 5.0 0.5 3.7 12.3 0.4 7.7 21.3 1.9 2.9 8.9 Southeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.7 1.7 5.5 0.4 3.2 11.3 0.6 6.4 26.0 1.7 3.3 12.2 Southwest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.6 1.9 3.6 0.4 3.2 8.0 0.1 6.9 13.6 1.1 2.8 5.8 West . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.6 1.2 4.3 0.4 2.3 12.5 0.7 6.7 27.5 1.7 3.3 13.9 Total FICO scores of 620 to 659 . . . . . . . . . . . . . . . . . . . . . 3.4 1.6 4.7 2.2 3.3 10.6 2.3 6.8 22.3 7.9 3.2 10.1
FICO scores 욷660:
North Central . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.3 0.2 0.8 5.1 0.5 2.7 2.7 1.6 7.0 16.1 0.4 2.1 Northeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.3 0.1 0.8 5.4 0.6 3.7 1.9 2.0 10.0 21.6 0.3 1.9 Southeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.8 0.2 1.2 4.1 0.5 3.6 3.4 1.5 14.6 15.3 0.5 4.0 Southwest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.8 0.2 0.7 3.2 0.5 2.0 0.6 1.4 4.9 10.6 0.3 1.2 West . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.3 0.1 0.7 5.2 0.3 3.9 5.8 1.9 15.6 24.3 0.5 4.2 Total FICO scores 욷660 . . . . . . . . . . . . . . . . . . . . . . . . 50.5 0.2 0.8 23.0 0.5 3.2 14.4 1.7 12.1 87.9 0.4 2.8
Total of FICO scores not available . . . . . . . . . . . . . . . . . . . . . 0.4 1.9 4.8 0.1 3.8 14.1 0.1 8.2 28.9 0.6 2.5 7.5 All FICO scores:
North Central . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.1 0.4 1.3 5.8 1.1 3.9 3.4 3.2 9.8 18.3 1.0 3.2 Northeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.0 0.4 1.5 6.2 1.2 5.4 2.4 3.9 13.5 24.6 0.8 3.0 Southeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.8 0.5 2.0 4.8 1.1 5.2 4.3 3.1 17.8 17.9 1.1 5.6 Southwest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.7 0.6 1.3 3.8 1.1 3.4 0.8 3.8 8.6 12.3 0.9 2.2 West . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.2 0.2 1.1 5.7 0.6 5.0 7.0 2.9 17.8 26.9 0.9 5.3
Total Single-Family Credit Guarantee Portfolio
(7)
. . . . . . . . . . . . . 55.8% 0.4% 1.4% 26.3% 1.0% 4.6% 17.9% 3.2% 14.8% 100.0% 0.9% 4.0%
(1) The current LTV ratios are our estimates. See endnote (5) to “Table 42 — Characteristics of the Single-Family Credit Guarantee Portfolio” for further information. (2) Based on UPB of the single-family credit guarantee portfolio. (3) See endnote (2) to “Table 51 — Credit Concentrations in the Single-Family Credit Guarantee Portfolio.” (4) Includes balloon/resets and option ARM mortgage loans. (5) Includes both fixed rate and adjustable rate loans. (6) Consist of FHA/VA and USDA Rural Development product types. (7) The total of all FICO scores categories may not sum due to the inclusion of loans where FICO scores are not available in the respective totals for all loans. See endnote (7) to “Table 42 — Characteristics of the Single-Family Credit Guarantee Portfolio” for further
information about our use of FICO scores.
(8) Presentation with the following regional designation: West (AK, AZ, CA, GU, HI, ID, MT, NV, OR, UT, WA); Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI, VT, VA, WV); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southeast (AL, FL,
GA, KY, MS, NC, PR, SC, TN, VI); and Southwest (AR, CO, KS, LA, MO, NE, NM, OK, TX, WY).
138 Freddie Mac