Freddie Mac 2010 Annual Report Download - page 93

Download and view the complete annual report

Please find page 93 of the 2010 Freddie Mac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 356

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • 298
  • 299
  • 300
  • 301
  • 302
  • 303
  • 304
  • 305
  • 306
  • 307
  • 308
  • 309
  • 310
  • 311
  • 312
  • 313
  • 314
  • 315
  • 316
  • 317
  • 318
  • 319
  • 320
  • 321
  • 322
  • 323
  • 324
  • 325
  • 326
  • 327
  • 328
  • 329
  • 330
  • 331
  • 332
  • 333
  • 334
  • 335
  • 336
  • 337
  • 338
  • 339
  • 340
  • 341
  • 342
  • 343
  • 344
  • 345
  • 346
  • 347
  • 348
  • 349
  • 350
  • 351
  • 352
  • 353
  • 354
  • 355
  • 356

Guarantee Transactions as of December 31, 2010. For information on our holdings of such securities, see “Table 16 —
Segment Mortgage Portfolio Composition.”
Table 21 — Investments in Available-For-Sale Securities
December 31, 2010 Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
(1)
Fair Value
(in millions)
Available-for-sale mortgage-related securities:
Freddie Mac . . . ................................................. $ 80,742 $ 5,142 $ (195) $ 85,689
Subprime . . . . . . ................................................. 47,916 1 (14,056) 33,861
CMBS . . . . . . . ................................................. 58,455 1,551 (1,919) 58,087
Option ARM . . . ................................................. 10,726 16 (3,853) 6,889
Alt-A and other . ................................................. 15,561 58 (2,451) 13,168
Fannie Mae . . . . ................................................. 23,025 1,348 (3) 24,370
Obligations of states and political subdivisions ............................. 9,885 31 (539) 9,377
Manufactured housing .............................................. 945 13 (61) 897
Ginnie Mae . . . . ................................................. 268 28 — 296
Total available-for-sale mortgage-related securities . . ....................... 247,523 8,188 (23,077) 232,634
Total investments in available-for-sale securities . ............................. $247,523 $ 8,188 $(23,077) $232,634
December 31, 2009
Available-for-sale mortgage-related securities:
Freddie Mac . . . ................................................. $215,198 $ 9,410 $ (1,141) $223,467
Subprime . . . . . . ................................................. 56,821 2 (21,102) 35,721
CMBS . . . . . . . ................................................. 61,792 15 (7,788) 54,019
Option ARM . . . ................................................. 13,686 25 (6,475) 7,236
Alt-A and other . ................................................. 18,945 9 (5,547) 13,407
Fannie Mae . . . . ................................................. 34,242 1,312 (8) 35,546
Obligations of states and political subdivisions ............................. 11,868 49 (440) 11,477
Manufactured housing .............................................. 1,084 1 (174) 911
Ginnie Mae . . . . ................................................. 320 27 — 347
Total available-for-sale mortgage-related securities . . ....................... 413,956 10,850 (42,675) 382,131
Available-for-sale non-mortgage-related securities:
Asset-backed securities . . . .......................................... 2,444 109 — 2,553
Total available-for-sale non-mortgage-related securities ...................... 2,444 109 — 2,553
Total investments in available-for-sale securities . ............................. $416,400 $10,959 $(42,675) $384,684
December 31, 2008
Available-for-sale mortgage-related securities:
Freddie Mac . . . ................................................. $271,796 $ 6,333 $ (2,921) $275,208
Subprime . . . . . . ................................................. 71,399 13 (19,145) 52,267
CMBS . . . . . . . ................................................. 64,214 2 (14,716) 49,500
Option ARM . . . ................................................. 12,117 — (4,739) 7,378
Alt-A and other . ................................................. 20,032 11 (6,787) 13,256
Fannie Mae . . . . ................................................. 40,255 674 (88) 40,841
Obligations of states and political subdivisions ............................. 12,874 3 (2,349) 10,528
Manufactured housing .............................................. 917 9 (183) 743
Ginnie Mae . . . . ................................................. 367 16 — 383
Total available-for-sale mortgage-related securities . . ....................... 493,971 7,061 (50,928) 450,104
Available-for-sale non-mortgage-related securities:
Asset-backed securities . . . .......................................... 8,788 6 — 8,794
Total available-for-sale non-mortgage-related securities ...................... 8,788 6 — 8,794
Total investments in available-for-sale securities . ............................. $502,759 $ 7,067 $(50,928) $458,898
(1) Gross unrealized losses at December 31, 2010 and 2009 include non-credit-related other-than-temporary impairments on available-for-sale securities
recognized in AOCI and all periods presented include temporary unrealized losses.
90 Freddie Mac