Fannie Mae 2007 Annual Report Download - page 148
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Table 41 presents our conventional single-family business volumes, based on the key risk characteristics
above, for 2007, 2006 and 2005 and our conventional single-family mortgage credit book of business as of the
end of each respective year.
Table 41: Risk Characteristics of Conventional Single-Family Business Volume and Mortgage Credit Book of
Business
(1)
2007 2006 2005 2007 2006 2005
Percent of Conventional
Single-Family
Business Volume
(2)
For the Year Ended December 31,
Percent of Conventional
Single-Family
Book of Business
(3)
As of December 31,
Original LTV ratio:
(4)
⬍=60% ....................... 17% 18% 22% 23% 25% 26%
60.01% to 70%. . . . . . . . . . . . . . . . . . . 13 15 16 16 17 17
70.01% to 80%. . . . . . . . . . . . . . . . . . . 45 50 46 43 43 41
80.01% to 90%. . . . . . . . . . . . . . . . . . . 9 7 7 8 7 8
90.01% to 100% . . . . . . . . . . . . . . . . . . 16 10 9 10 8 8
Greater than 100% . . . . . . . . . . . . . . . . ——————
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Weighted average . . . . . . . . . . . . . . . 75% 73% 72% 72% 70% 70%
Average loan amount . . . . . . . . . . . . . . . . $195,427 $184,411 $171,761 $142,747 $135,379 $129,657
Estimated mark-to-market LTV ratio:
(5)
⬍=60% ....................... 46% 55% 60%
60.01% to 70%. . . . . . . . . . . . . . . . . . . 15 17 17
70.01% to 80%. . . . . . . . . . . . . . . . . . . 19 18 16
80.01% to 90%. . . . . . . . . . . . . . . . . . . 12 7 5
90.01% to 100% . . . . . . . . . . . . . . . . . . 6 3 2
Greater than 100% . . . . . . . . . . . . . . . . 2 — —
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Weighted average . . . . . . . . . . . . . . . 61% 55% 53%
Product type:
Fixed-rate:
(6)
Long-term . . . . . . . . . . . . . . . . . . . . 76% 71% 69% 71% 68% 65%
Intermediate-term . . . . . . . . . . . . . . . 5 6 9 15 18 21
Interest-only . . . . . . . . . . . . . . . . . . . 9 6 1 3 1 —
Total fixed-rate . . . . . . . . . . . . . . . 90 83 79 89 87 86
Adjustable-rate:
Interest-only . . . . . . . . . . . . . . . . . . . 7 9 9 5 4 4
Negative-amortizing. . . . . . . . . . . . . . — 3 3 1 2 2
Other ARMs . . . . . . . . . . . . . . . . . . . 3 5 9 5 7 8
Total adjustable-rate . . . . . . . . . . . . 10 17 21 11 13 14
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Number of property units:
1 unit . . . . . . . . . . . . . . . . . . . . . . . . . 96% 96% 96% 96% 96% 96%
2-4 units . . . . . . . . . . . . . . . . . . . . . . . 4 4 4 4 4 4
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Property type:
Single-family homes . . . . . . . . . . . . . . . 89% 89% 90% 91% 92% 92%
Condo/Co-op . . . . . . . . . . . . . . . . . . . . 11 11 10 9 8 8
Total . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
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