Fannie Mae 2009 Annual Report Download - page 322

Percentage of
Single-family
Guaranty Book
of Business
(3)
Percentage
Seriously
Delinquent
(2)(4)
Percentage of
Single-family
Guaranty Book
of Business
(3)
Percentage
Seriously
Delinquent
(2)(4)
As of December 31, 2009
(1)
As of December 31, 2008
(1)
Estimated mark-to-market loan-to-value
ratio:
100.01% to 110% . . . . . . . . . . . . . . . . 5% 14.79% 5% 7.12%
110.01% to 120% . . . . . . . . . . . . . . . . 3 18.55 3 9.91
120.01% to 125% . . . . . . . . . . . . . . . . 1 21.39 1 11.79
Greater than 125% . . . . . . . . . . . . . . . 5 31.05 3 18.43
Geographical Distribution:
Arizona . . . . . . . . . . . . . . . . . . . . . . . 3 8.80 3 3.41
California . . . . . . . . . . . . . . . . . . . . . . 17 5.73 16 2.30
Florida . . . . . . . . . . . . . . . . . . . . . . . . 7 12.82 7 6.14
Nevada . . . . . . . . . . . . . . . . . . . . . . . 1 13.00 1 4.74
Select Midwest states
(5)
. . . . . . . . . . . . 11 5.62 11 2.70
All other states . . . . . . . . . . . . . . . . . . 61 4.11 62 1.86
Product Distribution (not mutually
exclusive):
(6)
Alt-A . . . . . . . . . . . . . . . . . . . . . . . . . 9 15.63 11 7.03
Subprime . . . . . . . . . . . . . . . . . . . . . . * 30.68 * 14.29
Negatively amortizing adjustable rate. . . 1 10.29 1 5.61
Interest only . . . . . . . . . . . . . . . . . . . . 7 20.17 8 8.42
Investor property . . . . . . . . . . . . . . . . . 6 5.54 6 2.95
Condo/Coop . . . . . . . . . . . . . . . . . . . . 9 5.99 9 2.73
Original loan-to-value ratio ⬎90%
(7)
. . . 9 13.05 10 6.33
FICO score ⬍620
(7)
. . . . . . . . . . . . . . . 4 18.20 5 9.03
Original loan-to-value ratio ⬎90% and
FICO score ⬍620
(7)
. . . . . . . . . . . . . 1 27.96 1 15.97
Vintages:
2005. . . . . . . . . . . . . . . . . . . . . . . . 10 7.27 13 2.99
2006. . . . . . . . . . . . . . . . . . . . . . . . 11 12.87 14 5.11
2007. . . . . . . . . . . . . . . . . . . . . . . . 15 14.06 20 4.70
2008. . . . . . . . . . . . . . . . . . . . . . . . 13 3.98 16 0.67
All other vintages . . . . . . . . . . . . . . 51 2.19 37 1.35
* Represents less than 0.5% of the single-family conventional guaranty book of business.
(1)
Consists of the portion of our conventional single-family guaranty book of business for which we have detailed loan
level information, which constituted over 98% and 99% of our total conventional single-family guaranty book of
business as of December 31, 2009 and 2008, respectively.
(2)
Includes conventional single-family loans that were three months or more past due or in foreclosure as December 31,
2009 and 2008.
(3)
Calculated based on the aggregate unpaid principal balance of delinquent conventional single-family loans divided by
the aggregate unpaid principal balance of loans in our conventional single-family guaranty book of business.
(4)
Calculated based on the number of conventional single-family loans that were delinquent divided by the total number
of loans in our conventional single-family guaranty book of business.
(5)
Consists of Illinois, Indiana, Michigan, and Ohio.
(6)
Categories are not mutually exclusive. Loans with multiple product features are included in all applicable categories.
(7)
Includes housing goals-oriented products such as MyCommunityMortgage»and Expanded Approval».
30 days
Delinquent
Seriously
Delinquent
(3)
30 days
Delinquent
Seriously
Delinquent
(3)
2009
(1)(2)
2008
(1)(2)
Percentage of multifamily guaranty book of business . . 0.28% 0.63% 0.12% 0.30%
F-64
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)