Fannie Mae 2010 Annual Report Download - page 327

The following tables display the current delinquency status and certain higher risk characteristics of our
single-family conventional and total multifamily guaranty book of business as of December 31, 2010 and
2009.
30 days
Delinquent
60 days
Delinquent
Seriously
Delinquent
(2)
30 days
Delinquent
60 days
Delinquent
Seriously
Delinquent
(2)
As of December 31, 2010
(1)
As of December 31, 2009
(1)
Percentage of single-family
conventional guaranty book of
business
(3)
. . . . . . . . . . . . . . . . . 2.19% 0.89% 5.37% 2.38% 1.15% 6.68%
Percentage of single-family
conventional loans
(4)
. . . . . . . . . . 2.32 0.87 4.48 2.46 1.07 5.38
Percentage of
Single-Family
Conventional
Guaranty Book
of Business
(3)
Percentage
Seriously
Delinquent
(2)(4)
Percentage of
Single-Family
Conventional
Guaranty Book
of Business
(3)
Percentage
Seriously
Delinquent
(2)(4)
As of December 31, 2010
(1)
As of December 31, 2009
(1)
Estimated mark-to-market loan-to-value
ratio:
Less than 100% . . . . . . . . . . . . . . . . . 84% 2.62% 86% 3.36%
100.01% to 110% . . . . . . . . . . . . . . . . 5 11.60 5 14.79
110.01% to 120% . . . . . . . . . . . . . . . . 3 14.74 3 18.55
120.01% to 125% . . . . . . . . . . . . . . . . 1 16.86 1 21.39
Greater than 125% . . . . . . . . . . . . . . . 7 24.71 5 31.05
Geographical distribution:
Arizona . . . . . . . . . . . . . . . . . . . . . . . 2 6.23 3 8.80
California . . . . . . . . . . . . . . . . . . . . . . 18 3.89 17 5.73
Florida . . . . . . . . . . . . . . . . . . . . . . . . 7 12.31 7 12.82
Nevada . . . . . . . . . . . . . . . . . . . . . . . 1 10.66 1 13.00
Select Midwest states
(5)
. . . . . . . . . . . . 11 4.80 11 5.62
All other states . . . . . . . . . . . . . . . . . . 61 3.46 61 4.11
Product distribution (not mutually
exclusive):
(6)
Alt-A . . . . . . . . . . . . . . . . . . . . . . . . . 8 13.87 9 15.63
Subprime . . . . . . . . . . . . . . . . . . . . . . * 28.20 * 30.68
Negatively amortizing adjustable rate. . . * 9.02 1 10.29
Interest only . . . . . . . . . . . . . . . . . . . . 6 17.85 7 20.17
Investor property . . . . . . . . . . . . . . . . . 6 4.79 6 5.54
Condo/Coop . . . . . . . . . . . . . . . . . . . . 9 5.37 9 5.99
Original loan-to-value ratio H90%
(7)
. . . 10 10.04 9 13.05
FICO credit score G620
(7)
. . . . . . . . . . 4 14.63 4 18.20
Original loan-to-value ratio H90% and
FICO credit score G620
(7)
. . . . . . . . 1 21.41 1 27.96
Vintages:
2005 . . . . . . . . . . . . . . . . . . . . . . . . . 9 7.20 10 7.27
2006 . . . . . . . . . . . . . . . . . . . . . . . . . 8 12.19 11 12.87
2007 . . . . . . . . . . . . . . . . . . . . . . . . . 12 13.24 15 14.06
2008 . . . . . . . . . . . . . . . . . . . . . . . . . 9 4.88 13 3.98
All other vintages . . . . . . . . . . . . . . . . 62 1.73 51 2.19
*
Represents less than 0.5% of the single-family conventional guaranty book of business.
(1)
Consists of the portion of our single-family conventional guaranty book of business for which we have detailed loan
level information, which constituted over 99% and 98% of our total single-family conventional guaranty book of
business as of December 31, 2010 and 2009, respectively.
F-69
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)