Fannie Mae 2008 Annual Report Download - page 342

Percentage of
Single-family
Conventional Book
of Business
(2)
Percentage
Seriously
Delinquent
(1)(4)
Estimated mark-to-market loan-to-value ratio:
Greater than 100% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12% 10.98%
95% to 100% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5.47
Below 95% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 1.53
Geographical Distribution:
Arizona . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3.41
California . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 2.30
Florida . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 6.14
Nevada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4.74
All other states . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 2.01
Product Distribution:
(5)
Alt-A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 7.03
Subprime . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 14.29
Original loan-to-value ratio H90%
(6)
. . . . . . . . . . . . . . . . . . . . . . . 10 6.33
FICO score G620
(6)
................................... 5 9.03
Combined original loan-to-value ratio H90% and FICO score
G620
(6)
.......................................... 1 15.97
Interest only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8.42
Investor property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2.95
Vintages:
2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 2.99
2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 5.11
2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 4.70
All other vintages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 1.23
(1)
Includes single-family loans that are three months or more past due or in foreclosure.
(2)
Percentage based on unpaid principal balance.
(3)
Percentage based on loan amount.
(4)
Represents percentage of each respective category based on loan count of seriously delinquent loans divided by total
loan count of respective category.
(5)
Categories are not mutually exclusive and as such, amounts are not additive.
(6)
Includes housing goals oriented products such as my community mortgage and expanded approval.
(7)
Includes the portion of our conventional single-family mortgage credit book for which we have more detailed loan
level information, which constitutes approximately 96% of our total conventional single-family mortgage credit book
of business as of December 31, 2008.
30 days
Delinquent
(2)
Seriously
Delinquent
(1)(2)
As of December 31, 2008
(3)
Percentage of total multifamily mortgage credit book of business . . . . . . . . . . . . 0.12% 0.30%
F-64
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)