Fannie Mae 2011 Annual Report Download - page 303

FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
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, 2011 and 2010.
As of December 31, 2011(1) As of December 31, 2010(1)
30 Days
Delinquent
60 Days
Delinquent
Seriously
Delinquent(2)
30 Days
Delinquent
60 Days
Delinquent
Seriously
Delinquent(2)
Percentage of single-family conventional
guaranty book of business(3) ........... 1.98% 0.73% 4.47% 2.19% 0.89% 5.37%
Percentage of single-family conventional
loans(4) ............................ 2.17 0.74 3.91 2.32 0.87 4.48
As of December 31,
2011(1) 2010(1)
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)
Estimated mark-to-market loan-to-value ratio:
Less than 100% ................................ 82% 2.24% 84% 2.62%
100.01% to 110% .............................. 6 8.73 5 11.60
110.01% to 120% .............................. 4 11.37 3 14.74
120.01% to 125% .............................. 1 13.25 1 16.86
Greater than 125% .............................. 7 19.08 7 24.71
Geographical distribution:
Arizona ...................................... 2 3.65 2 6.23
California ..................................... 19 2.46 18 3.89
Florida ....................................... 6 11.80 7 12.31
Nevada ....................................... 1 7.42 1 10.66
Select Midwest states(5) .......................... 10 4.39 11 4.80
All other states ................................. 62 3.18 61 3.46
Product distribution (not mutually exclusive):(6)
Alt-A ........................................ 7 12.43 8 13.87
Subprime ..................................... * 23.18 * 28.20
Negatively amortizing adjustable rate ............... * 7.57 * 9.02
Interest only ................................... 4 15.27 6 17.85
Investor property ............................... 6 4.20 6 4.79
Condo/Coop .................................. 9 4.59 9 5.37
Original loan-to-value ratio >90%(7) ................ 10 8.08 10 10.04
FICO credit score <620(7) ......................... 3 13.47 4 14.63
Original loan-to-value ratio >90% and FICO credit score
<620(7) ...................................... 1 18.67 1 21.41
Vintages:
2005 ......................................... 7 7.27 9 7.20
2006 ......................................... 7 11.81 8 12.19
2007 ......................................... 10 12.62 12 13.24
2008 ......................................... 7 5.64 9 4.88
All other vintages .............................. 69 1.59 62 1.73
*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 approximately 99% of our total single-family conventional guaranty book of business as
of December 31, 2011 and 2010.
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