Fannie Mae 2012 Annual Report Download - page 73

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(1) Consists of net interest income and fee and other income.
(2) Consists of the following: (a) derivatives fair value gains (losses), net; (b) trading securities gains (losses), net; (c) hedged mortgage
assets gains (losses), net; (d) debt foreign exchange gains (losses), net; (e) debt fair value gains (losses), net; and (f) mortgage loans
fair value losses, net.
(3) Consists of benefit (provision) for loan losses, provision for guaranty losses and foreclosed property income (expense).
(4) Consists of the following: (a) debt extinguishment losses, net; (b) gains (losses) from partnership investments; and (c) losses on certain
guaranty contracts.
(5) Reflects unpaid principal balance of Fannie Mae MBS issued and guaranteed by us during the reporting period less: (a) securitizations
of mortgage loans held in our mortgage portfolio during the reporting period and (b) Fannie Mae MBS purchased for our mortgage
portfolio during the reporting period.
(6) Reflects unpaid principal balance of mortgage loans and mortgage-related securities we purchased for our mortgage portfolio during
the reporting period. Includes acquisition of mortgage-related securities accounted for as the extinguishment of debt because the entity
underlying the mortgage-related securities has been consolidated in our consolidated balance sheets. For 2012, 2011 and 2010,
includes unpaid principal balance of approximately $46 billion, $67 billion, and $217 billion, respectively, of delinquent loans
purchased from our single-family MBS trusts. Under our MBS trust documents, we have the option to purchase from MBS trusts loans
that are delinquent as to four or more consecutive monthly payments.
(7) Mortgage loans consist solely of domestic residential real-estate mortgages.
(8) Total assets less total liabilities.
(9) Reflects unpaid principal balance of mortgage loans and mortgage-related securities reported in our consolidated balance sheets. The
principal balance of resecuritized Fannie Mae MBS is included only once in the reported amount. As a result of our adoption of the
consolidation accounting guidance as of January 1, 2010, we reflect a substantial majority of our Fannie Mae MBS as mortgage assets
and the balance as unconsolidated Fannie Mae MBS.
(10) Reflects unpaid principal balance of unconsolidated Fannie Mae MBS, held by third-party investors. The principal balance of
resecuritized Fannie Mae MBS is included only once in the reported amount.
(11) Primarily includes long-term standby commitments we have issued and single-family and multifamily credit enhancements we have
provided that are not otherwise reflected in the table.
(12) Reflects mortgage credit book of business less non-Fannie Mae mortgage-related securities held in our investment portfolio for which
we do not provide a guaranty.
(13) Consists of on-balance sheet nonperforming loans held in our mortgage assets and off-balance sheet nonperforming loans in
unconsolidated Fannie Mae MBS trusts held by third parties. Includes all nonaccrual loans, as well as TDRs and HomeSaver Advance
first-lien loans on accrual status. See “MD&A—Consolidated Results of Operations—Credit-Related (Income) Expenses—
Nonperforming Loans” for a discussion of our nonperforming loans.
(14) Calculated based on net interest income for the reporting period divided by the average balance of total interest-earning assets during
the period, expressed as a percentage.
(15) Consists of (a) charge-offs, net of recoveries and (b) foreclosed property income (expense) for the reporting period (adjusted to
exclude the impact of fair value losses resulting from credit-impaired loans acquired from MBS trusts and HomeSaver Advance loans)
divided by the average guaranty book of business during the period, expressed in basis points. See “MD&A—Consolidated Results of
Operations—Credit-Related (Income) Expenses—Credit Loss Performance Metrics” for a discussion of how our credit loss metrics
are calculated.