Fannie Mae 2009 Annual Report Download - page 156

Table 42: Risk Characteristics of Conventional Single-Family Business Volume and Guaranty Book of Business
(1)
2009 2008 2007 2009 2008 2007
Percent of Conventional
Single-Family Business Volume
(2)
For The Year Ended December 31,
Percent of Conventional
Single-Family Guaranty
Book of Business
(3)
As of December 31,
Original LTV ratio:
(4)
G=60% ..................... 33% 23% 17% 24% 22% 23%
60.01% to 70% . . . . . . . . . . . . . . . . . 17 16 13 16 16 16
70.01% to 80% . . . . . . . . . . . . . . . . . 40 39 45 42 43 43
80.01% to 90%
(5)
............... 7 12 9 9 9 8
90.01% to 100%
(5)
.............. 3 10 16 9 10 10
Greater than 100%
(5)
............. * * * * * *
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Weighted average. . . . . . . . . . . . . . 67% 72% 75% 71% 72% 72%
Average loan amount . . . . . . . . . . . . . . $219,118 $208,652 $195,427 $153,302 $148,824 $142,747
Estimated mark-to-market LTV ratio:
(6)
G=60% ..................... 31% 36% 46%
60.01% to 70% . . . . . . . . . . . . . . . . . 13 13 15
70.01% to 80% . . . . . . . . . . . . . . . . . 19 17 19
80.01% to 90% . . . . . . . . . . . . . . . . . 14 14 12
90.01% to 100% . . . . . . . . . . . . . . . . 9 8 6
Greater than 100% . . . . . . . . . . . . . . 14 12 2
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
Weighted average. . . . . . . . . . . . . . 75% 70% 61%
Product type:
Fixed-rate:
(7)
Long-term . . . . . . . . . . . . . . . . . . . 82% 78% 76% 75% 74% 71%
Intermediate-term. . . . . . . . . . . . . . 15 12 5 13 13 15
Interest-only . . . . . . . . . . . . . . . . . * 2 9 3 3 3
Total fixed-rate. . . . . . . . . . . . . . 97 92 90 91 90 89
Adjustable-rate:
Interest-only . . . . . . . . . . . . . . . . . 1 4 7 4 5 5
Negative-amortizing . . . . . . . . . . . . * — — 1 1 1
Other ARMs . . . . . . . . . . . . . . . . . 2 4 3 4 4 5
Total adjustable-rate . . . . . . . . . . 3 8 10 9 10 11
Total . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Number of property units:
1unit........................ 98% 97% 96% 96% 96% 96%
2-4 units. . . . . . . . . . . . . . . . . . . . . . 2 3 4 4 4 4
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Property type:
Single-family homes . . . . . . . . . . . . . 92% 89% 89% 91% 91% 91%
Condo/Co-op .................. 8 11 11 9 9 9
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
Occupancy type:
Primary residence . . . . . . . . . . . . . . . 93% 89% 89% 90% 90% 90%
Second/vacation home . . . . . . . . . . . . 5 5 5 4 4 4
Investor . . . . . . . . . . . . . . . . . . . . . . 2 6 6 6 6 6
Total . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100% 100% 100% 100%
FICO credit score:
G620....................... *% 3% 6% 4% 5% 5%
620 to G660.................. 2 6 12 8 9 10
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