Fannie Mae 2012 Annual Report Download - page 132

127
Percent of Single-Family
Conventional Business Volume(2)
For the Year Ended December 31,
Percent of Single-Family
Conventional Guaranty Book of Business(3)(4)
As of December 31,
2012 2011 2010 2012 2011 2010
FICO credit score at origination:
< 620 . . . . . . . . . . . . . . . . . . . . 1 % * % * % 3 % 3 % 4 %
620 to < 660. . . . . . . . . . . . . . . 2 2 2 6 7 7
660 to < 700. . . . . . . . . . . . . . . 7 7 7 12 13 15
700 to < 740. . . . . . . . . . . . . . . 16 16 16 20 20 21
>= 740 . . . . . . . . . . . . . . . . . . . 74 75 75 59 57 53
Total . . . . . . . . . . . . . . . . . . 100 % 100 % 100 % 100 % 100 % 100 %
Weighted average . . . . . . . . 761 762 762 742 738 735
Loan purpose:
Purchase. . . . . . . . . . . . . . . . . . 21 % 24 % 22 % 28 % 31 % 33 %
Cash-out refinance. . . . . . . . . . 14 17 20 24 27 29
Other refinance . . . . . . . . . . . . 65 59 58 48 42 38
Total . . . . . . . . . . . . . . . . . . 100 % 100 % 100 % 100 % 100 % 100 %
Geographic concentration:(9)
Midwest. . . . . . . . . . . . . . . . . . 16 % 15 % 16 % 15 % 15 % 15 %
Northeast . . . . . . . . . . . . . . . . . 17 19 20 19 19 19
Southeast . . . . . . . . . . . . . . . . . 19 19 18 23 24 24
Southwest . . . . . . . . . . . . . . . . 16 16 15 16 15 15
West. . . . . . . . . . . . . . . . . . . . . 32 31 31 27 27 27
Total . . . . . . . . . . . . . . . . . . 100 % 100 % 100 % 100 % 100 % 100 %
Origination year:
< = 2004. . . . . . . . . . . . . . . . . . 13 % 18 % 23 %
2005. . . . . . . . . . . . . . . . . . . . . 5 7 9
2006. . . . . . . . . . . . . . . . . . . . . 5 7 8
2007. . . . . . . . . . . . . . . . . . . . . 7 10 12
2008. . . . . . . . . . . . . . . . . . . . . 5 7 9
2009. . . . . . . . . . . . . . . . . . . . . 11 17 21
2010. . . . . . . . . . . . . . . . . . . . . 13 18 18
2011. . . . . . . . . . . . . . . . . . . . . 15 16 —
2012. . . . . . . . . . . . . . . . . . . . . 26 — —
Total . . . . . . . . . . . . . . . . . . 100 % 100 % 100 %
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* Represents less than 0.5% of single-family conventional business volume or book of business.
(1) We reflect second lien mortgage loans in the original LTV ratio calculation only when we own both the first and second lien mortgage
loans or we own only the second lien mortgage loan. Second lien mortgage loans represented less than 0.5% of our single-family
conventional guaranty book of business as of December 31, 2012, 2011 and 2010. Second lien mortgage loans held by third parties are
not reflected in the original LTV or mark-to-market LTV ratios in this table.
(2) Calculated based on unpaid principal balance of single-family loans for each category at time of acquisition. Single-family business
volume refers to both single-family mortgage loans we purchase for our mortgage portfolio and single-family mortgage loans we
guarantee.
(3) Calculated based on the aggregate unpaid principal balance of single-family loans for each category divided by the aggregate unpaid
principal balance of loans in our single-family conventional guaranty book of business as of the end of each period.
(4) Our single-family conventional guaranty book of business includes jumbo-conforming and high-balance loans that represented
approximately 5% of our single-family conventional guaranty book of business as of December 31, 2012 and 2011. See “Credit Profile
Summary” and “Business—Our Charter and Regulation of Our Activities—Charter Act—Loan Standards” for information on our loan
limits.
(5) The original LTV ratio generally is based on the original unpaid principal balance of the loan divided by the appraised property value
reported to us at the time of acquisition of the loan. Excludes loans for which this information is not readily available.