Fannie Mae 2009 Annual Report Download - page 152

Table 41: Composition of Mortgage Credit Book of Business
Conventional
(1)
Government
(2)
Conventional
(1)
Government
(2)
Conventional
(1)
Government
(2)
Single-Family Multifamily Total
As of December 31, 2009
(Dollars in millions)
Mortgage portfolio:
(3)
Mortgage loans
(4)
. . . . . . $ 243,730 $52,399 $119,829 $ 585 $ 363,559 $52,984
Fannie Mae MBS
(5)
. . . . . 218,033 1,816 314 82 218,347 1,898
Agency mortgage-related
securities
(5)(6)
. . . . . . . . 41,337 1,309 — 21 41,337 1,330
Mortgage revenue
bonds
(5)
. . . . . . . . . . . 2,709 2,056 7,734 1,954 10,443 4,010
Other mortgage-related
securities
(5)(7)
. . . . . . . . 47,825 1,796 25,703 20 73,528 1,816
Total mortgage portfolio . . . 553,634 59,376 153,580 2,662 707,214 62,038
Fannie Mae MBS held by
third parties
(8)
. . . . . . . . . 2,370,037 15,197 46,628 927 2,416,665 16,124
Other credit guarantees
(9)
. . . 9,873 802 16,909 40 26,782 842
Mortgage credit book of
business . . . . . . . . . . . $2,933,544 $75,375 $217,117 $3,629 $3,150,661 $79,004
Guaranty book of
business . . . . . . . . . . . $2,841,673 $70,214 $183,680 $1,634 $3,025,353 $71,848
Conventional
(1)
Government
(2)
Conventional
(1)
Government
(2)
Conventional
(1)
Government
(2)
Single-Family Multifamily Total
As of December 31, 2008
(Dollars in millions)
Mortgage portfolio:
(3)
Mortgage loans
(4)
. . . . . . $ 268,253 $43,799 $116,742 $ 699 $ 384,995 $44,498
Fannie Mae MBS
(5)
. . . . . 226,654 1,850 376 69 227,030 1,919
Agency mortgage-related
securities
(5)(6)
. . . . . . . . 33,320 1,559 — 22 33,320 1,581
Mortgage revenue
bonds
(5)
. . . . . . . . . . . 2,951 2,480 7,938 2,078 10,889 4,558
Other mortgage-related
securities
(5)(7)
. . . . . . . . 55,597 1,960 25,825 24 81,422 1,984
Total mortgage portfolio . . . 586,775 51,648 150,881 2,892 737,656 54,540
Fannie Mae MBS held by
third parties
(8)
. . . . . . . . . 2,238,257 13,117 37,298 787 2,275,555 13,904
Other credit guarantees
(9)
. . . 10,464 — 17,311 34 27,775 34
Mortgage credit book of
business . . . . . . . . . . . $2,835,496 $64,765 $205,490 $3,713 $3,040,986 $68,478
Guaranty book of
business . . . . . . . . . . . $2,743,628 $58,766 $171,727 $1,589 $2,915,355 $60,355
(1)
Refers to mortgage loans and mortgage-related securities that are not guaranteed or insured by the U.S. government or
any of its agencies.
(2)
Refers to mortgage loans and mortgage-related securities guaranteed or insured, in whole or in part, by the U.S.
government or one of its agencies.
(3)
Mortgage portfolio data is reported based on unpaid principal balance.
(4)
Includes unpaid principal balance totaling $147.0 billion as of December 31, 2009 and $65.8 billion as of
December 31, 2008, related to mortgage-related securities that we held in consolidated VIEs and mortgage-related
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