Freddie Mac 2010 Annual Report Download - page 84

Table 16 provides information about our various segment mortgage portfolios at December 31, 2010, 2009 and 2008.
For a discussion of each segment’s portfolios, see Segment Earnings — Results.
Table 16 — Segment Mortgage Portfolio Composition
(1)
December 31, 2010 December 31, 2009 December 31, 2008
(in millions)
Segment portfolios:
Investments — Mortgage investments portfolio:
Single-family unsecuritized mortgage loans
(2)
........................... $ 79,097 $ 44,135 $ 33,552
Freddie Mac mortgage-related securities . . ............................. 263,152 374,362 424,220
Non-Freddie Mac mortgage-related securities ........................... 139,428 179,330 203,829
Total Investments — Mortgage investments portfolio ......................... 481,677 597,827 661,601
Single-family Guarantee — Managed loan portfolio:
Single-family unsecuritized mortgage loans
(3)
........................... 69,766 10,743 5,203
Single-family Freddie Mac mortgage-related securities held by us . . . . ......... 261,508 372,666 422,463
Single-family Freddie Mac mortgage-related securities held by third parties . . . .... 1,437,399 1,474,016 1,378,585
Single-family other guarantee commitments
(4)
........................... 8,632 5,877 10,532
Total Single-family Guarantee — Managed loan portfolio ..................... 1,777,305 1,863,302 1,816,783
Multifamily — Guarantee portfolio:
Multifamily Freddie Mac mortgage-related securities held by us . . . . . ......... 2,095 1,949 2,061
Multifamily Freddie Mac mortgage-related securities held by third parties ........ 11,916 6,182 4,445
Multifamily other guarantee commitments
(4)
............................ 10,038 9,192 9,152
Total Multifamily — Guarantee portfolio ................................ 24,049 17,323 15,658
Multifamily — Mortgage investments portfolio:
Multifamily investment securities portfolio ............................. 59,548 62,764 65,237
Multifamily loan portfolio ........................................ 85,883 83,938 72,721
Total Multifamily — Mortgage investments portfolio ......................... 145,431 146,702 137,958
Total Multifamily portfolio .......................................... 169,480 164,025 153,616
Less: Freddie Mac single-family and certain multifamily securities
(5)
............. (263,603) (374,615) (424,524)
Total mortgage portfolio .......................................... $2,164,859 $2,250,539 $2,207,476
(1) Based on UPB and excludes mortgage loans and mortgage-related securities traded, but not yet settled.
(2) Excludes unsecuritized non-performing single-family loans for which the Single-family Guarantee segment is actively pursuing a problem loan workout.
However, the Single-family Guarantee segment continues to earn management and guarantee fees associated with unsecuritized single-family loans in
the Investments segment.
(3) Represents unsecuritized non-performing single-family loans for which the Single-family Guarantee segment is actively pursuing a problem loan
workout.
(4) Represents the UPB of mortgage-related assets held by third parties for which we provide our guarantee without our securitization of the related assets.
(5) Freddie Mac single-family mortgage-related securities held by us are included in both our Investments segment’s mortgage investments portfolio and our
Single-family Guarantee segment’s managed loan portfolio, and certain Freddie Mac multifamily mortgage-related securities held by us are includedin
both the multifamily investment securities portfolio and the multifamily guarantee portfolio. Therefore, these amounts are deducted in order to reconcile
to our total mortgage portfolio.
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