Fannie Mae 2010 Annual Report Download - page 387
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Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Estimated
Fair
Value
Total
Losses
Fair Value Measurements
For the Year Ended December 31, 2009
For the Year
Ended
December 31, 2009
(Dollars in millions)
Assets:
Mortgage loans held for sale, at lower of cost or
fair value . . . . . . . . . . . . . . . . . . . . . . . . . . . . $— $22,238 $ 3,557 $25,795
(1)
$(1,210)
Mortgage loans held for investment, at amortized
cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 330 4,820 5,150
(3)
(1,173)
Acquired property, net . . . . . . . . . . . . . . . . . . . . . — — 10,132 10,132
(4)
(503)
Other assets:
Guaranty assets . . . . . . . . . . . . . . . . . . . . . . . . — — 2,327 2,327 (231)
Master servicing assets . . . . . . . . . . . . . . . . . . . — — 147 147 (546)
Partnership investments. . . . . . . . . . . . . . . . . . . — — 212 212 (5,943)
(6)
Total assets at fair value . . . . . . . . . . . . . . . . . . $— $22,568 $21,195 $43,763 $(9,606)
Liabilities:
Master servicing liabilities . . . . . . . . . . . . . . . . . . $— $ — $ 254 $ 254 $ (200)
Total liabilities at fair value. . . . . . . . . . . . . . . . $— $ — $ 254 $ 254 $ (200)
F-129
FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)