Fannie Mae 2013 Annual Report Download - page 252

FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
F-28
As of December 31,
2013 2012
Of Fannie
Mae
Of
Consolidated
Trusts Total Of Fannie Mae
Of
Consolidated
Trusts Total
(Dollars in millions)
Single-family. . . . . . . . . . . . . . . . . . . . . . . . . . $276,644 $ 2,579,024 $ 2,855,668 $309,277 $ 2,480,999 $ 2,790,276
Multifamily . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,642 146,249 183,891 61,464 126,953 188,417
Total unpaid principal balance of mortgage
loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 314,286 2,725,273 3,039,559 370,741 2,607,952 2,978,693
Cost basis and fair value adjustments, net. . . . (13,778) 44,305 30,527 (14,805) 44,313 29,508
Allowance for loan losses for loans held for
investment . . . . . . . . . . . . . . . . . . . . . . . . . . (40,521) (3,325) (43,846) (50,519) (8,276) (58,795)
Total mortgage loans . . . . . . . . . . . . . . $259,987 $ 2,766,253 $ 3,026,240 $ 305,417 $ 2,643,989 $ 2,949,406
For the year ended December 31, 2013 we redesignated loans from HFI to HFS with a carrying value of $1.3 billion, and sold
loans with an unpaid principal balance of $1.2 billion. For the years ended December 31, 2012 and 2011, we redesignated
loans with a carrying value of $33 million and $561 million, respectively, from HFI to HFS.
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, 2013 and 2012.
As of December 31, 2013(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(3). . . . . . . . . $ 32,371 $ 9,755 $ 48,345 $ 90,471 $ 2,558,826 $ 2,649,297 $ 81 $ 57,973
Government(4) . . . . . 66 32 346 444 48,150 48,594 346 —
Alt-A . . . . . . . . . . . . 4,748 1,692 15,425 21,865 105,644 127,509 11 17,102
Other(5). . . . . . . . . . . 1,940 659 5,404 8,003 45,288 53,291 22 5,999
Total single-family 39,125 12,138 69,520 120,783 2,757,908 2,878,691 460 81,074
Multifamily(6) . . . . . . . 59 N/A 186 245 185,733 185,978 — 2,209
Total . . . . . . . . . $ 39,184 $ 12,138 $ 69,706 $ 121,028 $ 2,943,641 $ 3,064,669 $ 460 $ 83,283