US Bank 2013 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2013 US Bank 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 163

  • 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

The following tables provide summary information for the
LTVs of residential mortgages and home equity and second
mortgages by borrower type at December 31, 2013:
Residential mortgages
(Dollars in Millions)
Interest
Only Amortizing Total
Percent
of Total
Prime Borrowers
Less than or equal to 80% .... $ 2,188 $35,163 $37,351 86.7%
Over 80% through 90% ....... 394 2,530 2,924 6.8
Over 90% through 100% ..... 311 988 1,299 3.0
Over 100% ................... 456 973 1,429 3.3
No LTV available ............. – 83 83 .2
Total ....................... $ 3,349 $39,737 $43,086 100.0%
Sub-Prime Borrowers
Less than or equal to 80% .... $ 2 $ 630 $ 632 45.3%
Over 80% through 90% ....... 2 229 231 16.6
Over 90% through 100% ..... 3 199 202 14.5
Over 100% ................... 4 326 330 23.6
No LTV available ............. ––––
Total ....................... $ 11 $ 1,384 $ 1,395 100.0%
Other Borrowers
Less than or equal to 80% .... $ 9 $ 431 $ 440 48.4%
Over 80% through 90% ....... 2 206 208 22.9
Over 90% through 100% ..... 1 86 87 9.6
Over 100% ................... 2 172 174 19.1
No LTV available ............. – – – –
Total ....................... $ 14 $ 895 $ 909 100.0%
Loans Purchased From
GNMA Mortgage
Pools (a) .................. $ – $ 5,766 $ 5,766 100.0%
Total
Less than or equal to 80% .... $ 2,199 $36,224 $38,423 75.1%
Over 80% through 90% ....... 398 2,965 3,363 6.6
Over 90% through 100% ..... 315 1,273 1,588 3.1
Over 100% ................... 462 1,471 1,933 3.8
No LTV available ............. –8383.1
Loans purchased from GNMA
mortgage pools (a) ........ – 5,766 5,766 11.3
Total ....................... $ 3,374 $47,782 $51,156 100.0%
(a) Represents loans purchased from Government National Mortgage Association
(“GNMA”) mortgage pools whose payments are primarily insured by the Federal
Housing Administration or guaranteed by the Department of Veterans Affairs.
Home equity and second mortgages
(Dollars in Millions) Lines Loans Total
Percent
of Total
Prime Borrowers
Less than or equal to 80% .... $ 8,776 $ 589 $ 9,365 63.9%
Over 80% through 90% ....... 2,112 252 2,364 16.1
Over 90% through 100% ...... 1,061 154 1,215 8.3
Over 100% .................... 1,211 253 1,464 10.0
No LTV/CLTV available ....... 221 33 254 1.7
Total ........................ $13,381 $ 1,281 $14,662 100.0%
Sub-Prime Borrowers
Less than or equal to 80% .... $ 44 $ 28 $ 72 24.3%
Over 80% through 90% ....... 15 26 41 13.8
Over 90% through 100% ...... 13 36 49 16.6
Over 100% .................... 26 108 134 45.3
No LTV/CLTV available ....... ––––
Total ........................ $ 98 $ 198 $ 296 100.0%
Other Borrowers
Less than or equal to 80% .... $ 355 $ 10 $ 365 75.4%
Over 80% through 90% ....... 75 5 80 16.6
Over 90% through 100% ...... 17 2 19 3.9
Over 100% .................... 14 4 18 3.7
No LTV/CLTV available ....... 2–2.4
Total ........................ $ 463 $ 21 $ 484 100.0%
Total
Less than or equal to 80% .... $ 9,175 $ 627 $ 9,802 63.5%
Over 80% through 90% ....... 2,202 283 2,485 16.1
Over 90% through 100% ...... 1,091 192 1,283 8.3
Over 100% .................... 1,251 365 1,616 10.5
No LTV/CLTV available ....... 223 33 256 1.6
Total ........................ $13,942 $ 1,500 $15,442 100.0%
U.S. BANCORP 39