Freddie Mac 2014 Annual Report Download - page 120

115 Freddie Mac
Maturity Dates:
2014 N/A $ 1.8 N/A —%
2015 $ 3.0 6.5 —% —
2016 5.8 8.5 — —
2017 5.8 7.1 — 0.23
2018 8.4 9.1 — —
2019 7.4 7.4 0.15 0.17
Beyond 2019 10.4 10.0 — 0.17
Total $ 40.8 $ 50.4 0.03% 0.09%
Year of Acquisition:
2010 and prior $ 35.5 $ 46.7 0.03% 0.10%
2011 1.1 1.5 — —
2012 0.7 0.8 — —
2013 1.5 1.4 — —
2014 2.0 N/A — N/A
Total $ 40.8 $ 50.4 0.03% 0.09%
Current Loan Size:
Above $25 million $ 16.3 $ 19.1 —% —%
Above $15 million to $25 million 7.5 10.4 — 0.32
Above $5 million to $15 million 12.4 15.6 0.09 0.06
$5 million and below 4.6 5.3 — 0.07
Total $ 40.8 $ 50.4 0.03% 0.09%
Freddie Mac Mortgage-Related Securities:(3)
Year of Issuance:(4)
2009 and prior $ 5.6 $ 5.7 0.61% 0.93%
2010 5.4 5.5 0.14 0.20
2011 11.2 11.4 — 0.05
2012 16.5 17.3 — —
2013 23.9 24.7 — —
2014 18.5 N/A — N/A
Total $ 81.1 $ 64.6 0.05% 0.12%
Subordination Level at Issuance:
No subordination $ 0.8 $ 0.8 0.06% 0.09%
Below 10% 4.4 3.0 — —
10% to 15% 32.0 25.0 0.14 0.29
Above 15% 43.9 35.8 — —
Total $ 81.1 $ 64.6 0.05% 0.12%
Year of Underlying Loan Maturity
2014 N/A $ — N/A —%
2015 $ 0.1 0.1 —% 2.16
2016 1.3 1.6 — —
2017 2.5 2.6 — 1.01
2018 7.6 7.5 — —
2019 10.0 9.3 — —
Beyond 2019 59.6 43.5 0.07 0.10
Total $ 81.1 $ 64.6 0.05% 0.12%
(1) Within these columns, "—" represents less than 0.005%.
(2) Multifamily held-for-sale loans are primarily those awaiting securitization, and were $12.1 billion and $8.7 billion as of December 31, 2014 and 2013,
respectively.
(3) Consists of loans and bonds underlying Freddie Mac mortgage-related securities, which are primarily our K Certificates. Excludes other guarantee
commitments.
(4) Based on the year that we issued our guarantee.
Multifamily Product Types
Most multifamily loans require a significant lump sum (i.e., balloon) payment of unpaid principal at maturity. Therefore,
the borrower’s potential inability to refinance or pay off the loan at maturity is a key loan attribute we monitor. Borrowers may
be less able to refinance their obligations during periods of rising interest rates or adverse market conditions, which could lead
to default if the borrower is unable to find affordable refinancing before the loan matures. Of the $40.8 billion in UPB of our
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