Freddie Mac 2014 Annual Report Download - page 183
Download and view the complete annual report
Please find page 183 of the 2014 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.-
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
 |
 |
178 Freddie Mac
NOTE 7: INVESTMENTS IN SECURITIES
The table below summarizes amortized cost, estimated fair values, and corresponding gross unrealized gains and gross
unrealized losses for available-for-sale securities by major security type. At December 31, 2014 and 2013, all available-for-sale
securities are mortgage-related securities.
Table 7.1 — Available-For-Sale Securities
Gross Unrealized Losses
December 31, 2014 Amortized
Cost
Gross
Unrealized
Gains
Other-Than-
Temporary
Impairment(1) Temporary
Impairment(2) Fair
Value
(in millions)
Available-for-sale securities:
Freddie Mac $ 37,710 $ 1,435 $ — $ (46) $ 39,099
Fannie Mae 10,860 463 — (10) 11,313
Ginnie Mae 183 16 — — 199
CMBS 20,988 890 (2) (54) 21,822
Subprime 20,210 989 (518) (92) 20,589
Option ARM 5,460 372 (179) (4) 5,649
Alt-A and other 4,500 578 (29) (6) 5,043
Obligations of states and political subdivisions 2,166 34 — (2) 2,198
Manufactured housing 556 84 (2) — 638
Total available-for-sale securities $ 102,633 $ 4,861 $ (730) $ (214) $ 106,550
December 31, 2013
Available-for-sale securities:
Freddie Mac $ 39,001 $ 1,847 $ — $ (189) $ 40,659
Fannie Mae 10,140 660 — (3) 10,797
Ginnie Mae 149 18 — — 167
CMBS 29,151 1,524 (23) (314) 30,338
Subprime 29,897 382 (2,467) (313) 27,499
Option ARM 6,617 338 (376) (5) 6,574
Alt-A and other 8,322 526 (118) (24) 8,706
Obligations of states and political subdivisions 3,533 23 (7) (54) 3,495
Manufactured housing 629 61 (4) (2) 684
Total available-for-sale securities $ 127,439 $ 5,379 $ (2,995) $ (904) $ 128,919
(1) Represents the gross unrealized losses for securities for which we have previously recognized other-than-temporary impairments in earnings.
(2) Represents the gross unrealized losses for securities for which we have not previously recognized other-than-temporary impairments in earnings.
Available-For-Sale Securities in a Gross Unrealized Loss Position
The table below shows the fair value of available-for-sale securities in a gross unrealized loss position, and whether they
have been in that position less than 12 months, or 12 months or greater.
Table of Contents