Fannie Mae 2014 Annual Report Download - page 125
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120
Table 36: Risk Characteristics of Single-Family Conventional Business Volume and Guaranty Book of Business(1)
Percent of Single-Family
Conventional Business Volume(2)
For the Year Ended December 31,
Percent of Single-Family
Conventional Guaranty Book of Business(3)(4)
As of December 31,
2014 2013 2012 2014 2013 2012
Original LTV ratio:(5)
<= 60%. . . . . . . . . . . . . . . . . . . 16 % 22 % 25 % 21 % 22 % 23 %
60.01% to 70%. . . . . . . . . . . . . 12 14 15 14 15 15
70.01% to 80%. . . . . . . . . . . . . 40 35 35 38 38 39
80.01% to 90%(6) . . . . . . . . . . . 13 10 9 11 10 10
90.01% to 100%(6) . . . . . . . . . . 16 12 8 11 10 10
100.01% to 125%(6) . . . . . . . . . 2 4 5 3 3 2
Greater than 125%(6). . . . . . . . . 1 3 3 2 2 1
Total. . . . . . . . . . . . . . . . . . . 100 % 100 % 100 % 100 % 100 % 100 %
Weighted average . . . . . . . . 77 % 76 % 75 % 75 % 74 % 73 %
Average loan amount. . . . . . . . . . . $202,834 $204,750 $213,515 $159,997 $160,357 $157,512
Estimated mark-to-market LTV
ratio:(7)
<= 60%. . . . . . . . . . . . . . . . . . . 42 % 38 % 28 %
60.01% to 70%. . . . . . . . . . . . . 19 19 15
70.01% to 80%. . . . . . . . . . . . . 18 19 22
80.01% to 90%. . . . . . . . . . . . . 10 11 13
90.01% to 100%. . . . . . . . . . . . 6 6 9
100.01% to 125%. . . . . . . . . . . 4 5 8
Greater than 125% . . . . . . . . . . 1 2 5
Total. . . . . . . . . . . . . . . . . . . 100 % 100 % 100 %
Weighted average . . . . . . . . 64 % 67 % 75 %
Product type:
Fixed-rate:(8)
Long-term . . . . . . . . . . . . . . 78 % 76 % 74 % 74 % 72 % 72 %
Intermediate-term . . . . . . . . 17 22 23 17 18 17
Interest-only. . . . . . . . . . . . . — * * 1 1 1
Total fixed-rate . . . . . . . . 95 98 97 92 91 90
Adjustable-rate:
Interest-only. . . . . . . . . . . . . * * * 2 2 3
Other ARMs. . . . . . . . . . . . . 5 2 3 6 7 7
Total adjustable-rate . . . . 5 2 3 8 9 10
Total . . . . . . . . . . . . . . . . 100 % 100 % 100 % 100 % 100 % 100 %
Number of property units:
1 unit . . . . . . . . . . . . . . . . . . . . 97 % 97 % 98 % 97 % 97 % 97 %
2-4 units. . . . . . . . . . . . . . . . . . 3 3 2 3 3 3
Total . . . . . . . . . . . . . . . . . . 100 % 100 % 100 % 100 % 100 % 100 %
Property type:
Single-family homes . . . . . . . . 90 % 90 % 91 % 91 % 91 % 91 %
Condo/Co-op . . . . . . . . . . . . . . 10 10 9 9 9 9
Total . . . . . . . . . . . . . . . . . . 100 % 100 % 100 % 100 % 100 % 100 %
Occupancy type:
Primary residence. . . . . . . . . . . 87 % 87 % 89 % 88 % 88 % 89 %
Second/vacation home . . . . . . . 4 4 4 4 4 4
Investor. . . . . . . . . . . . . . . . . . . 9 9 7 8 8 7
Total. . . . . . . . . . . . . . . . . . . 100 % 100 % 100 % 100 % 100 % 100 %