Fannie Mae 2012 Annual Report Download - page 324

FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
F-90
The following tables display assets and liabilities measured in our consolidated balance sheets at fair value on a nonrecurring
basis and the gains or losses recognized for these assets and liabilities for the years ended December 31, 2011 and 2010.
For the Year
Ended
December 31,
2011
Fair Value Measurements
For the Year Ended December 31, 2011
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 Gains (Losses)
(Dollars in millions)
Assets:
Mortgage loans held for sale, at lower of cost or
fair value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 3 $ 197 $ 200 (1) $ 12
Single-family mortgage loans held for investment,
at amortized cost:
Of Fannie Mae . . . . . . . . . . . . . . . . . . . . . . . . — — 44,592 44,592 (2) (3,077)
Of consolidated trusts. . . . . . . . . . . . . . . . . . . — — 882 882 (2) (142)
Multifamily mortgage loans held for investment,
at amortized cost:
Of Fannie Mae . . . . . . . . . . . . . . . . . . . . . . . . — — 1,910 1,910 (2) (348)
Acquired property, net:
Single-family. . . . . . . . . . . . . . . . . . . . . . . . . . . — — 19,498 19,498 (3) (2,639)
Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 363 363 (3) (87)
Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 1,537 1,537 (4) (209)
Total assets at fair value . . . . . . . . . . . . . . . . . . $ — $ 3 $68,979 $ 68,982 $(6,490)