Fannie Mae 2013 Annual Report Download - page 136

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Table 43: Single-Family Serious Delinquency Rates
As of December 31,
2013 2012 2011
Percentage
of Book
Outstanding
Serious
Delinquency
Rate
Percentage
of Book
Outstanding
Serious
Delinquency
Rate
Percentage
of Book
Outstanding
Serious
Delinquency
Rate
Single-family conventional delinquency
rates by geographic region:(1)
Midwest . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 % 2.00% 15 % 2.92% 15 % 3.73%
Northeast. . . . . . . . . . . . . . . . . . . . . . . . . . . 19 3.88 19 4.40 19 4.43
Southeast. . . . . . . . . . . . . . . . . . . . . . . . . . . 22 3.33 23 4.78 24 5.68
Southwest . . . . . . . . . . . . . . . . . . . . . . . . . . 16 1.23 16 1.76 15 2.30
West . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 1.40 27 2.28 27 2.87
Total single-family conventional loans .100 % 2.38% 100 % 3.29% 100 % 3.91%
Single-family conventional loans:
Credit enhanced . . . . . . . . . . . . . . . . . . . . . 15 % 4.75% 14 % 7.09% 14 % 9.10%
Non-credit enhanced. . . . . . . . . . . . . . . . . . 85 2.00 86 2.70 86 3.07
Total single-family conventional loans .100 % 2.38% 100 % 3.29% 100 % 3.91%
__________
(1) See footnote 9 to “Table 39: Risk Characteristics of Single-Family Conventional Business Volume and Guaranty Book of Business” for
states included in each geographic region.
Certain higher-risk loan categories, such as Alt-A loans and loans with higher mark-to-market LTV ratios, and our 2005
through 2008 loan vintages continue to exhibit higher than average delinquency rates and/or account for a higher share of our
credit losses. In addition, loans in certain states such as Florida, Illinois, New Jersey and New York have exhibited higher
than average delinquency rates and/or account for a higher share of our credit losses.
Table 44 displays the serious delinquency rates and other financial information for our single-family conventional loans with
some of these higher-risk characteristics and in some of these higher risk states as of the dates indicated. We also include
information for our loans in California, as this state accounts for a large share of our single-family conventional guaranty
book of business. The reported categories are not mutually exclusive.