Fannie Mae 2010 Annual Report Download - page 310

(3)
Consists of mortgage loans that are not included in other loan classes.
(4)
Consists of mortgage loans guaranteed or insured, in whole or in part, by the U.S. government or one of its agencies
that are not Alt-A. Primarily consists of reverse mortgages which due to their nature are not aged and included in the
current column.
(5)
Includes loans with higher-risk loan characteristics, such as interest-only loans and negative-amortizing loans that are
neither government nor Alt-A.
(6)
Multifamily loans 60-89 days delinquent are included in the seriously delinquent column.
The recorded investment in loans over 90 days delinquent and accruing interest was $612 million as of
December 31, 2009. The carrying value of all nonaccrual loans was $34.1 billion as of December 31, 2009.
Individually Impaired Loans
Individually impaired loans include TDRs, acquired credit-impaired loans, and other multifamily loans
regardless of whether we are currently accruing interest. The following table displays the total recorded
investment, unpaid principal balance, related allowance, average recorded investment and interest income
recognized as of December 31, 2010 for individually impaired loans, excluding loans for which we have
elected the fair value option.
Unpaid
Principal
Balance
Total
Recorded
Investment
(1)
Related
Allowance for
Loan Losses
Related
Allowance for
Accrued
Interest
Receivable
Average
Recorded
Investment
Total Interest
Income
Recognized
(2)
Interest
Income
Recognized on
a Cash Basis
As of December 31, 2010
For the Year Ended
December 31, 2010
(Dollars in millions)
Individually impaired loans:
With related allowance recorded
Single-family
Primary
(3)
.............. $ 99,838 $ 93,024 $23,565 $ 772 $ 81,258 $3,314 $1,470
Government
(4)
........... 240 248 38 7 141 9 —
Alt-A ................. 30,932 28,253 9,592 368 25,361 897 407
Other
(5)
................ 14,429 13,689 4,479 137 12,094 384 204
Total single-family ....... 145,439 135,214 37,674 1,284 118,854 4,604 2,081
Multifamily . . . ............ 2,372 2,371 556 23 1,496 202 10
Total individually impaired loans
with related allowance
recorded . . . ............ 147,811 137,585 38,230 1,307 120,350 4,806 2,091
With no related allowance
recorded
(6)
Single-family
Primary
(3)
.............. 10,586 7,237 — — 7,860 336 55
Government
(4)
........... 19 13 — — 11 8 —
Alt-A ................. 3,600 1,884 — — 2,091 121 20
Other
(5)
................ 879 512 — — 589 36 7
Total single-family ....... 15,084 9,646 — — 10,551 501 82
Multifamily . . . ............ 789 811 — — 642 71 5
Total individually impaired loans
with no related allowance
recorded . . . ............ 15,873 10,457 — — 11,193 572 87
Total individually impaired
loans
(7)
.................. $163,684 $148,042 $38,230 $1,307 $131,543 $5,378 $2,178
F-52
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)