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68 FANNIE MAE 2002 ANNUAL REPORT
TABLE 30: COMPOSITION OF MORTGAGE CREDIT BOOK OF BUSINESS
December 31, 2002
Single-family Multifamily Total
Dollars in millions Conventional Government Conventional Government Conventional Government
Mortgage portfolio1:
Mortgage loans . . . . . . . . . . . . . . . . . . . . . . . . . . . $166,772 $ 5,458 $12,217 $1,354 $ 178,989 $ 6,812
Fannie Mae MBS . . . . . . . . . . . . . . . . . . . . . . . . . 497,818 2,447 6,765 1,801 504,583 4,248
Agency mortgage securities2 . . . . . . . . . . . . . . . . . 31,959 16,453 — — 31,959 16,453
Other mortgage-related securities3 . . . . . . . . . . 27,833 — 284 — 28,117 —
Mortgage revenue bonds . . . . . . . . . . . . . . . . . . —14,086 — 5,552 — 19,638
724,382 38,444 19,266 8,707 743,648 47,151
Outstanding MBS4 . . . . . . . . . . . . . . . . . . . . . . . . . . 953,729 24,616 50,671 440 1,004,400 25,056
Other5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 360 — 11,479 — 11,839 —
Mortgage credit book of business . . . . . . . . . . . . . . . . $1,678,471 $63,060 $81,416 $9,147 $1,759,887 $72,207
December 31, 2001
Single-family Multifamily Total
Conventional Government Conventional Government Conventional Government
Mortgage portfolio1:
Mortgage loans . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 150,350 $ 5,069 $ 8,987 $ 1,551 $ 159,337 $ 6,620
Fannie Mae MBS . . . . . . . . . . . . . . . . . . . . . . . . . 420,631 3,438 5,315 2,002 425,946 5,440
Agency mortgage securities2 . . . . . . . . . . . . . . . . . 42,105 19,607 — — 42,105 19,607
Other mortgage-related securities3 . . . . . . . . . . 29,259 — 321 — 29,580 —
Mortgage revenue bonds . . . . . . . . . . . . . . . . . . — 13,903 — 4,476 — 18,379
642,345 42,017 14,623 8,029 656,968 50,046
Outstanding MBS4 . . . . . . . . . . . . . . . . . . . . . . . . . . 800,411 13,546 44,428 482 844,839 14,028
Other5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 930 — 15,491 — 16,421 —
Mortgage credit book of business . . . . . . . . . . . . . . . . $ 1,443,686 $ 55,563 $ 74,542 $ 8,511 $ 1,518,228 $ 64,074
December 31, 2000
Single-family Multifamily Total
Conventional Government Conventional Government Conventional Government
Mortgage portfolio1:
Mortgage loans . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 139,382 $ 4,763 $ 6,547 $ 1,814 $ 145,929 $ 6,577
Fannie Mae MBS . . . . . . . . . . . . . . . . . . . . . . . . . 342,299 3,364 3,308 2,057 345,607 5,421
Agency mortgage securities2 . . . . . . . . . . . . . . . . . 32,987 24,137 — — 32,987 24,137
Other mortgage-related securities3 . . . . . . . . . . 33,931 — 333 — 34,264 —
Mortgage revenue bonds . . . . . . . . . . . . . . . . . . 3 11,890 1 3,309 4 15,199
548,602 44,154 10,189 7,180 558,791 51,334
Outstanding MBS4 . . . . . . . . . . . . . . . . . . . . . . . . . . 662,621 8,076 35,460 527 698,081 8,603
Other5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 993 — 12,323 — 13,316 —
Mortgage credit book of business . . . . . . . . . . . . . . . . $ 1,212,216 $ 52,230 $ 57,972 $ 7,707 $ 1,270,188 $ 59,937
1Excludes mark-to-market gains at December 31, 2002 and 2001 of $6.501 billion and $462 million, respectively. Excludes mark-to-market losses at December 31, 2000 of $3 million.
2Includes mortgage-related securities issued by Freddie Mac and Ginnie Mae.
3Includes mortgage-related securities issued by entities other than Fannie Mae, Freddie Mac, or Ginnie Mae.
4MBS and other mortgage-related securities guaranteed by Fannie Mae and held by investors other than Fannie Mae. The principal balance on resecuritized MBS is included only once.
5Includes additional single-family and multifamily credit enhancements not otherwise reflected in the table.