Fannie Mae 2011 Annual Report Download - page 304

FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(2) Consists of single-family conventional loans that were three months or more past due or in the foreclosure process, as of
the periods indicated.
(3) Calculated based on the aggregate unpaid principal balance of single-family conventional loans for each category divided
by the aggregate unpaid principal balance of loans in our single-family conventional guaranty book of business.
(4) Calculated based on the number of single-family conventional loans that were delinquent divided by the total number of
loans in our single-family conventional guaranty book of business.
(5) Consists of Illinois, Indiana, Michigan, and Ohio.
(6) Categories are not mutually exclusive. Loans with multiple product features are included in all applicable categories.
(7) Includes housing goals-oriented products such as MyCommunityMortgage®and Expanded Approval.®
As of December 31,
2011(1)(2) 2010(1)(2)
30 Days
Delinquent
Seriously
Delinquent(3)
30 Days
Delinquent
Seriously
Delinquent(3)
Percentage of multifamily guaranty book of business ............. 0.11% 0.59% 0.21% 0.71%
As of December 31,
2011(1)(2) 2010(1)(2)
Percentage of
Multifamily
Guaranty
Book of Business
Percentage
Seriously
Delinquent(3)
Percentage of
Multifamily
Guaranty
Book of Business
Percentage
Seriously
Delinquent(3)
Original loan-to-value ratio:
Greater than 80% .............................. 5% 2.51% 5% 0.59%
Less than or equal to 80% ....................... 95 0.49 95 0.71
Original debt service coverage ratio:
Less than or equal to 1.10 ........................ 8 0.24 9 0.27
Greater than 1.10 .............................. 92 0.62 91 0.75
Current debt service coverage ratio:
Less than 1.0(4) ................................. 7 3.66 10 4.25
Acquisition loan size distribution:
Less than or equal to $750,000 .................... 2 1.24 2 1.61
Greater than $750,000 and less than or equal to
$3 million ................................... 11 1.04 12 1.17
Greater than $3 million and less than or equal to
$5 million .................................. 9 0.66 9 0.88
Greater than $5 million and less than or equal to
$25 million ................................. 42 0.64 42 0.88
Greater than $25 million ......................... 36 0.33 35 0.24
Maturing dates:
Maturing in 2012 .............................. 5 0.59 7 0.42
Maturing in 2013 .............................. 9 0.43 11 0.54
Maturing in 2014 .............................. 8 0.82 8 0.67
Maturing in 2015 .............................. 9 0.57 9 0.57
Maturing in 2016 .............................. 9 0.78
(1) Consists of the portion of our multifamily guaranty book of business for which we have detailed loan level information,
which constituted approximately 99% of our total multifamily guaranty book of business as of December 31, 2011 and
2010 excluding loans that have been defeased.
(2) Calculated based on the aggregate unpaid principal balance of multifamily loans for each category divided by the
aggregate unpaid principal balance of loans in our multifamily guaranty book of business.
(3) Consists of multifamily loans that were 60 days or more past due as of the periods indicated.
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