Freddie Mac 2008 Annual Report Download - page 100

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Table 26 summarizes amortized cost, estimated fair values and corresponding gross unrealized gains and gross
unrealized losses for available-for-sale securities and estimated fair values for trading securities by major security type held
in our mortgage-related investments portfolio.
Table 26 — Available-For-Sale Securities and Trading Securities in our Mortgage-Related Investments Portfolio
December 31, 2008 Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair Value
(in millions)
Mortgage-related investments portfolio:
Available-for-sale mortgage-related securities:
Freddie Mac . . ................................................. $271,796 $6,333 $ (2,921) $275,208
Subprime . . . . ................................................. 71,399 13 (19,145) 52,267
Commercial mortgage-backed securities . . . ............................. 64,214 2 (14,716) 49,500
Alt-A and other ................................................. 20,032 11 (6,787) 13,256
MTA........................................................ 12,117 — (4,739) 7,378
Fannie Mae . . ................................................. 40,255 674 (88) 40,841
Obligations of states and political subdivisions............................ 12,874 3 (2,349) 10,528
Manufactured housing . . .......................................... 917 9 (183) 743
Ginnie Mae . . ................................................. 367 16 — 383
Total available-for-sale mortgage-related securities ....................... $493,971 $7,061 $(50,928) $450,104
Trading mortgage-related securities:
Freddie Mac . . ................................................. $158,822
Fannie Mae . . ................................................. 31,309
Ginnie Mae . . ................................................. 198
Other . . . . . . . ................................................. 32
Total trading mortgage-related securities . ............................. $190,361
December 31, 2007 Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair Value
(in millions)
Mortgage-related investments portfolio:
Available-for-sale mortgage-related securities:
Freddie Mac . . ................................................. $346,569 $2,981 $ (2,583) $346,967
Subprime . . . . ................................................. 101,278 12 (8,584) 92,706
Commercial mortgage-backed securities . . . ............................. 64,965 515 (681) 64,799
Alt-A and other ................................................. 30,187 15 (1,267) 28,935
MTA........................................................ 21,269 — (1,276) 19,993
Fannie Mae . . ................................................. 45,688 513 (344) 45,857
Obligations of states and political subdivisions............................ 14,783 146 (351) 14,578
Manufactured housing . . .......................................... 1,149 131 (12) 1,268
Ginnie Mae . . ................................................. 545 19 (2) 562
Total available-for-sale mortgage-related securities ....................... $626,433 $4,332 $(15,100) $615,665
Trading mortgage-related securities:
Freddie Mac . . ................................................. $ 12,216
Fannie Mae . . ................................................. 1,697
Ginnie Mae . . ................................................. 175
Other . . . . . . . ................................................. 1
Total trading mortgage-related securities . ............................. $ 14,089
December 31, 2006 Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair Value
(in millions)
Mortgage-related investments portfolio:
Available-for-sale mortgage-related securities:
Freddie Mac . . ................................................. $348,591 $1,438 $ (5,941) $344,088
Subprime . . . . ................................................. 122,102 98 (14) 122,186
Commercial mortgage-backed securities . . . ............................. 44,927 239 (763) 44,403
Alt-A and other ................................................. 35,519 37 (316) 35,240
MTA........................................................ 20,914 28 (2) 20,940
Fannie Mae . . ................................................. 44,223 323 (660) 43,886
Obligations of states and political subdivisions............................ 13,622 334 (31) 13,925
Manufactured housing . . .......................................... 1,180 151 (1) 1,330
Ginnie Mae . . ................................................. 720 17 (4) 733
Total available-for-sale mortgage-related securities ....................... $631,798 $2,665 $ (7,732) $626,731
Trading mortgage-related securities:
Freddie Mac . . ................................................. $ 6,573
Fannie Mae . . ................................................. 802
Ginnie Mae . . ................................................. 222
Total trading mortgage-related securities . ............................. $ 7,597
97 Freddie Mac