Fannie Mae 2009 Annual Report Download - page 75

2009 2008 2007 2006 2005
As of December 31,
(Dollars in millions)
Balance sheet data:
(1)
Investments in securities:
Fannie Mae MBS . . . . . . . . . . . . . . . . . . . . $ 229,169 $ 234,250 $ 179,401 $ 196,678 $ 232,451
Other agency MBS . . . . . . . . . . . . . . . . . . . 43,905 35,440 32,957 31,484 30,684
Mortgage revenue bonds. . . . . . . . . . . . . . . . 13,446 13,183 16,213 17,221 19,178
Other mortgage-related securities. . . . . . . . . . 54,265 56,781 90,827 97,156 86,645
Non-mortgage-related securities . . . . . . . . . . 8,882 17,640 38,115 47,573 37,116
Mortgage loans:
(9)
Loans held for sale . . . . . . . . . . . . . . . . . . . 18,462 13,270 7,008 4,868 5,064
Loans held for investment, net of allowance . . 375,563 412,142 396,516 378,687 362,479
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . 869,141 912,404 879,389 841,469 831,686
Short-term debt. . . . . . . . . . . . . . . . . . . . . . . . 200,437 330,991 234,160 165,810 173,186
Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . 574,117 539,402 562,139 601,236 590,824
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . 884,422 927,561 835,271 799,827 792,263
Senior preferred stock . . . . . . . . . . . . . . . . . . . 60,900 1,000 — — —
Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . 20,348 21,222 16,913 9,108 9,108
Total Fannie Mae stockholders’ equity
(deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . (15,372) (15,314) 44,011 41,506 39,302
Regulatory capital data:
Net worth surplus (deficit)
(10)
. . . . . . . . . . . . . . $ (15,281) $ (15,157) $ 44,118 $ 41,642 $ 39,423
Book of business data:
Mortgage portfolio
(11)
. . . . . . . . . . . . . . . . . . . $ 769,252 $ 792,196 $ 727,903 $ 728,932 $ 737,889
Fannie Mae MBS held by third parties
(12)
. . . . . 2,432,789 2,289,459 2,118,909 1,777,550 1,598,918
Other guarantees
(13)
. . . . . . . . . . . . . . . . . . . . . 27,624 27,809 41,588 19,747 19,152
Mortgage credit book of business . . . . . . . . . $3,229,665 $3,109,464 $2,888,400 $2,526,229 $2,355,959
Guaranty book of business
(14)
. . . . . . . . . . . . $3,097,201 $2,975,710 $2,744,237 $2,379,986 $2,219,201
Credit quality:
Nonperforming loans
(15)
. . . . . . . . . . . . . . . . . . $ 216,455 $ 119,232 $ 27,156 $ 13,846 $ 14,194
Combined loss reserves . . . . . . . . . . . . . . . . . . 64,891 24,753 3,391 859 724
Combined loss reserves as a percentage of total
guaranty book of business. . . . . . . . . . . . . . . 2.10% 0.83% 0.12% 0.04% 0.03%
Combined loss reserves as a percentage of total
nonperforming loans . . . . . . . . . . . . . . . . . . 29.98 20.76 12.49 6.20 5.10
2009 2008 2007 2006 2005
For the Year Ended December 31,
Performance ratios:
Net interest yield
(16)
. . . . . . . . . . . . . . . . . . . . 1.65% 1.03% 0.57% 0.85% 1.31%
Average effective guaranty fee rate (in basis
points)
(17)
. . . . . . . . . . . . . . . . . . . . . . . . . . 27.6 bp 31.0 bp 23.7 bp 22.2 bp 22.3 bp
Credit loss ratio (in basis points)
(18)
. . . . . . . . . 44.6 bp 22.7 bp 5.3 bp 2.2 bp 1.1 bp
Return on assets
(19)*
. . . . . . . . . . . . . . . . . . . . (8.27)% (6.77)% (0.30)% 0.42% 0.63%
Return on equity
(20)*
. . . . . . . . . . . . . . . . . . . . N/A (1,704.3) (8.3) 11.3 19.5
Equity to assets
(21)*
..................... N/A 2.7 4.9 4.8 4.2
Dividend payout
(22)
. . . . . . . . . . . . . . . . . . . . . N/A N/A N/A 32.4 17.2
Earnings to combined fixed charges and
preferred stock dividends and issuance costs at
redemption . . . . . . . . . . . . . . . . . . . . . . . . . N/A N/A 0.89:1 1.12:1 1.23:1
(1)
Certain prior period amounts have been reclassified to conform to the current period presentation.
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