Fannie Mae 2013 Annual Report Download - page 268

FANNIE MAE
(In conservatorship)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
F-44
As of December 31,
2013(1) 2012(1)
Percentage of
Single-Family
Conventional
Guaranty Book
of Business(3)
Percentage
Seriously
Delinquent(2)(5)
Percentage of
Single-Family
Conventional
Guaranty Book
of Business(3)
Percentage
Seriously
Delinquent(2)(5)
Estimated mark-to-market loan-to-value ratio:
Greater than 100% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7% 12.22% 13% 13.42%
Geographical distribution:
California . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 0.98 19 1.69
Florida. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 6.89 6 10.06
Illinois . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3.12 4 4.70
New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 6.25 4 6.92
New York . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 4.42 6 4.70
All other states . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 1.85 61 2.56
Product distribution:
Alt-A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 9.23 6 11.36
Subprime. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * 16.93 * 20.60
Vintages:
2005. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 7.26 5 7.79
2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 11.26 5 12.15
2007. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 12.18 7 12.99
2008. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6.69 5 6.63
All other vintages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 1.02 78 1.36
Select combined risk characteristics:
Original LTV ratio > 90% and FICO score < 620. . . . . . . . . . . 1 10.90 1 14.76
__________
* Represents less than 0.5% of the single-family conventional guaranty book of business.
(1) Consists of the portion of our single-family conventional guaranty book of business for which we have detailed loan level information,
which constituted approximately 99% of our total single-family conventional guaranty book of business as of December 31, 2013 and
2012.
(2) Consists of single-family conventional loans that were 90 days or more past due or in the foreclosure process as of December 31, 2013
and 2012.
(3) Calculated based on the aggregate unpaid principal balance of single-family conventional loans for each category divided by the
aggregate unpaid principal balance of loans in our single-family conventional guaranty book of business.
(4) Calculated based on the number of single-family conventional loans that were delinquent divided by the total number of loans in our
single-family conventional guaranty book of business.
(5) Calculated based on the number of single-family conventional loans that were seriously delinquent divided by the total number of
single-family conventional loans for each category included in our guaranty book of business.
As of December 31,
2013(1)(2) 2012(1)(2)
30 Days
Delinquent Seriously Delinquent(3) 30 Days Delinquent Seriously Delinquent(3)
Percentage of multifamily guaranty book of business . . . . . . . . . . . . 0.03% 0.10% 0.23% 0.24%