Fannie Mae 2012 Annual Report Download - page 264

FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
F-30
Aging Analysis
The following tables display an aging analysis of the total recorded investment in our HFI mortgage loans, excluding loans
for which we have elected the fair value option, by portfolio segment and class as of December 31, 2012 and 2011.
As of December 31, 2012(1)
30 - 59
Days
Delinquent
60 - 89
Days
Delinquent Seriously Delinquent(2) Total Delinquent Current Total
Recorded
Investment
in Loans 90
Days or
More
Delinquent
and
Accruing
Interest(3)
Recorded
Investment
in
Nonaccrual
Loans
(Dollars in millions)
Single-family:
Primary(4) . . . . . . . . . . $ 39,043 $ 13,513 $ 67,737 $120,293 $ 2,424,022 $ 2,544,315 $ 2,162 $ 78,822
Government(5) . . . . . . . 82 40 340 462 50,408 50,870 340 —
Alt-A . . . . . . . . . . . . . . 6,009 2,417 22,181 30,607 121,099 151,706 502 24,048
Other(6) . . . . . . . . . . . . 2,613 1,053 8,527 12,193 57,336 69,529 297 9,209
Total single-family . . 47,747 17,023 98,785 163,555 2,652,865 2,816,420 3,301 112,079
Multifamily(7). . . . . . . . . 178 NA 428 606 190,445 191,051 — 2,214
Total . . . . . . . . . . . $ 47,925 $ 17,023 $ 99,213 $164,161 $ 2,843,310 $ 3,007,471 $ 3,301 $ 114,293
As of December 31, 2011(1)
30 - 59
Days
Delinquent
60 - 89
Days
Delinquent Seriously Delinquent(2) Total Delinquent Current Total
Recorded
Investment
in Loans 90
Days or
More
Delinquent
and
Accruing
Interest
Recorded
Investment
in
Nonaccrual
Loans
(Dollars in millions)
Single-family:
Primary(4). . . . . . . . . . . $ 43,516 $ 15,282 $ 80,712 $139,510 $ 2,341,646 $ 2,481,156 $ 111 $ 95,959
Government(5) . . . . . . . 109 49 327 485 51,391 51,876 327 —
Alt-A . . . . . . . . . . . . . . 7,155 3,054 28,323 38,532 138,880 177,412 14 31,356
Other(6). . . . . . . . . . . . . 3,403 1,431 11,277 16,111 73,115 89,226 96 12,533
Total single-family . . 54,183 19,816 120,639 194,638 2,605,032 2,799,670 548 139,848
Multifamily(7) . . . . . . . . . 210 NA 1,105 1,315 177,906 179,221 — 2,764
Total . . . . . . . . . . . $ 54,393 $ 19,816 $121,744 $195,953 $ 2,782,938 $ 2,978,891 $ 548 $ 142,612
__________
(1) Recorded investment consists of unpaid principal balance, unamortized premiums, discounts and other cost basis adjustments, and
accrued interest receivable.
(2) Single-family seriously delinquent loans are loans that are 90 days or more past due or in the foreclosure process. Multifamily
seriously delinquent loans are loans that are 60 days or more past due.
(3) Includes loans with a recorded investment of $2.8 billion, which were repurchased in January 2013 pursuant to our resolution
agreement with Bank of America. These loans were returned to accrual status to reflect the change in our assessment of collectibility
resulting from this agreement, see “Note 20, Subsequent Events.”
(4) Consists of mortgage loans that are not included in other loan classes.
(5) Consists of mortgage loans guaranteed or insured, in whole or in part, by the U.S. government or one of its agencies that are not Alt-A.
Primarily consists of reverse mortgages which due to their nature are not aged and are included in the current column.
(6) Includes loans with higher-risk loan characteristics, such as interest-only loans and negative-amortizing loans that are neither
government nor Alt-A.
(7) Multifamily loans 60-89 days delinquent are included in the seriously delinquent column.