Fannie Mae 2004 Annual Report Download - page 147

2004 2003 2002
Percent of Book of Business
(1)
As of December 31,
Origination year:
⬍=1994.............................................. 2% 4% 8%
1995................................................. — 1 1
1996................................................. — 1 2
1997................................................. 1 1 2
1998................................................. 2 3 11
1999................................................. 2 2 7
2000................................................. 1 1 4
2001................................................. 6 9 27
2002................................................. 17 25 38
2003................................................. 46 53 —
2004................................................. 23 — —
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
(1)
Percentages calculated based on unpaid principal balance of loans as of the end of each period.
(2)
The methodology used to estimate the mark-to-market loan-to-value ratio was implemented in 2004.
(3)
Long-term fixed-rate consists of mortgage loans with contractual maturities greater than 15 years. Intermediate-term
fixed-rate consists of mortgage loans with contractual maturities equal to or less than 15 years.
(4)
Midwest includes IL, IN, IA, MI, MN, NE, ND, OH, SD and WI. Northeast includes CT, DE, ME, MA, NH, NJ, NY,
PA, PR, RI, VT and VI. Southeast includes AL, DC, FL, GA, KY, MD, MS, NC, SC, TN, VA and WV. Southwest
includes AZ, AR, CO, KS, LA, MO, NM, OK, TX and UT. West includes AK, CA, GU, HI, ID, MT, NV, OR, WA
and WY.
Table 28: Risk Characteristics of Conventional Single-Family Mortgage Business Volumes
2004 2003 2002
Percent of Business Volume
(1)
For the Year Ended December 31,
Original loan-to-value ratio:
⬍=60.00 ............................................. 23% 29% 23%
60.01% to 70.00% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 18 16
70.01% to 80.00% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 38 42
80.01% to 90.00% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8 11
90.01% to 100.0% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 7 8
Greater than 100% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — —
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Weighted average . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71% 68% 71%
Average loan amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $158,759 $153,461 $145,566
Product type:
(2)
Fixed-rate:
Long-term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62% 63% 66%
Intermediate-term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 27 25
Interest-only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — —
Total fixed-rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 90 91
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