Fannie Mae 2005 Annual Report Download - page 123

2005 2004 2003
Percent of Book of Business
(1)
As of December 31,
Occupancy type:
Primary residence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91% 92% 92%
Second/vacation home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 3
Investor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 5 5
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Credit score:
⬍620................................................ 5% 5% 5%
620 to ⬍660........................................... 10 11 11
660 to ⬍700........................................... 18 18 18
700 to ⬍740........................................... 23 23 23
⬎=740............................................... 43 41 40
Not available . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Weighted average . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 721 719 717
Loan purpose:
Purchase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34% 31% 28%
Cash-out refinance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 30 30
Other refinance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 39 42
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Geographic concentration:
(4)
Midwest.............................................. 17% 17% 17%
Northeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 19 18
Southeast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 22 22
Southwest............................................. 16 16 16
West................................................. 25 26 27
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Origination year:
⬍=1995.............................................. 2% 2% 5%
1996................................................. — — 1
1997................................................. — 1 1
1998................................................. 2 2 3
1999................................................. 1 2 2
2000................................................. 1 1 1
2001................................................. 4 6 9
2002................................................. 12 17 25
2003................................................. 36 46 53
2004................................................. 21 23 —
2005................................................. 21 — —
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
(1)
Percentages calculated based on unpaid principal balance of loans as of the end of each period.
(2)
Excludes loans for which this information is not readily available. The methodology used to estimate the mark-to-mar-
ket 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.
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