Fannie Mae 2008 Annual Report Download - page 180

Table 46 shows the composition, based on the risk characteristics listed above, of our conventional single-
family business volumes for 2008, 2007 and 2006 and our conventional single-family mortgage credit book of
business as of the end of each respective year.
Table 46: Risk Characteristics of Conventional Single-Family Business Volume and Mortgage Credit Book of
Business
(1)
2008 2007 2006 2008 2007 2006
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 loan-to-value ratio:
(4)
⬍=60%...................... 23% 17% 18% 22% 23% 25%
60.01% to 70% . . . . . . . . . . . . . . . . . 16 13 15 16 16 17
70.01% to 80% . . . . . . . . . . . . . . . . . 39 45 50 43 43 43
80.01% to 90%
(5)
............... 12 9 7 9 8 7
90.01% to 100%
(5)
.............. 10 16 10 10 10 8
Greater than 100%
(5)
............. — — — — — —
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Weighted average. . . . . . . . . . . . . . 72% 75% 73% 72% 72% 70%
Average loan amount . . . . . . . . . . . . . . $208,652 $195,427 $184,411 $148,824 $142,747 $135,379
Estimated mark-to-market loan-to-value
ratio:
(6)
⬍=60%...................... 36% 46% 55%
60.01% to 70% . . . . . . . . . . . . . . . . . 13 15 17
70.01% to 80% . . . . . . . . . . . . . . . . . 17 19 18
80.01% to 90% . . . . . . . . . . . . . . . . . 14 12 7
90.01% to 100% . . . . . . . . . . . . . . . . 8 6 3
Greater than 100% . . . . . . . . . . . . . . 12 2 —
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Weighted average. . . . . . . . . . . . . . 70% 61% 55%
Product type:
(7)
Fixed-rate:
(8)
Long-term . . . . . . . . . . . . . . . . . . . 78% 76% 71% 74% 71% 68%
Intermediate-term. . . . . . . . . . . . . . 12 5 6 13 15 18
Interest-only . . . . . . . . . . . . . . . . . 2 9 6 3 3 1
Total fixed-rate. . . . . . . . . . . . . . 92 90 83 90 89 87
Adjustable-rate:
Interest-only . . . . . . . . . . . . . . . . . 4 7 9 5 5 4
Negative-amortizing . . . . . . . . . . . . — — 3 1 1 2
Other ARMs . . . . . . . . . . . . . . . . . 4 3 5 4 5 7
Total adjustable-rate . . . . . . . . . . 8 10 17 10 11 13
Total . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Number of property units:
1unit........................ 97% 96% 96% 96% 96% 96%
2-4 units. . . . . . . . . . . . . . . . . . . . . . 3 4 4 4 4 4
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Property type:
Single-family homes . . . . . . . . . . . . . 89% 89% 89% 91% 91% 92%
Condo/Co-op .................. 11 11 11 9 9 8
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
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