Freddie Mac 2009 Annual Report Download - page 117

Percentage
of Loans
(2)
Percentage
Modified
(3)
Delinquency
Rate
(4)
Percentage
of Loans
(2)
Percentage
Modified
(3)
Delinquency
Rate
(4)
Percentage
of Loans
(2)
Percentage
Modified
(3)
Delinquency
Rate
(4)
Percentage
of Loans
(2)
Percentage
Modified
(3)
Delinquency
Rate
(4)
Current LTV
(1)
⬍80 Current LTV
(1)
Between 80-95 Current LTV
(1)
⬎95 Current LTV
(1)
All LoansBy Region
FICO ⬍620:
North Central . . .................. 0.7% 28.7% 24.1% 0.6% 49.8% 29.5% 1.6% 66.1% 38.4% 2.9% 50.1% 31.8%
Northeast ....................... 1.3 34.5 29.8 0.7 67.9 43.1 1.4 85.3 50.4 3.4 54.5 37.9 Southeast ....................... 1.0 28.7 26.6 0.5 56.3 39.3 1.9 72.1 51.9 3.4 49.9 38.4 Southwest....................... 0.8 33.4 22.0 0.5 58.2 30.3 0.6 64.0 36.1 1.9 46.1 27.2 West.......................... 0.5 30.2 21.5 0.3 57.0 33.7 1.7 75.0 49.9 2.5 57.2 38.1 Total FICO ⬍620................. 4.3 31.2 25.4 2.6 57.2 35.1 7.2 71.8 45.6 14.1 51.1 34.7
FICO of 620 to 659:
North Central . . .................. 1.0 22.8 16.2 0.9 41.3 23.8 2.1 55.6 29.6 4.0 41.1 23.7
Northeast ....................... 1.4 31.2 22.1 0.8 61.6 31.1 1.6 77.8 40.8 3.8 50.1 29.1 Southeast ....................... 1.2 27.1 21.0 0.6 49.3 29.0 2.0 72.5 45.0 3.8 47.4 31.2 Southwest....................... 1.0 33.2 16.5 0.6 49.6 23.7 0.7 53.5 24.8 2.3 41.8 20.1 West.......................... 0.7 26.9 16.0 0.4 51.0 27.0 2.5 74.0 40.0 3.6 55.4 30.4 Total FICO of 620 to 659 ............ 5.3 28.1 18.7 3.3 49.0 26.4 8.9 66.0 36.2 17.5 46.3 26.8
FICO ⬎= 660:
North Central . . .................. 8.7 4.1 3.1 4.1 11.7 6.8 4.4 29.9 15.3 17.2 11.0 6.4
Northeast ....................... 8.3 6.8 5.3 2.8 21.3 11.5 2.7 53.9 27.2 13.8 14.7 8.9 Southeast ....................... 4.7 9.7 7.6 1.9 21.1 13.1 3.5 51.7 35.4 10.1 21.3 14.9 Southwest....................... 5.1 8.6 3.9 2.1 15.5 7.2 1.4 23.3 10.4 8.6 11.7 5.3 West.......................... 7.4 4.6 2.6 1.9 17.6 8.4 6.4 58.8 26.9 15.7 20.3 9.7 Total FICO ⬎=660................ 34.2 6.3 4.3 12.8 16.0 8.8 18.4 43.3 22.9 65.4 15.1 8.6
Total FICO not available ............. 1.7 10.6 10.1 0.4 10.0 7.8 0.9 21.9 17.7 3.0 12.3 11.1
All FICO
(5)
:
North Central . . .................. 10.6 7.9 6.1 5.5 20.0 11.7 8.5 42.1 22.7 24.6 19.6 11.8
Northeast ....................... 11.4 13.4 10.7 4.4 35.4 19.8 5.7 66.7 36.0 21.5 25.4 16.2 Southeast ....................... 7.2 15.5 13.0 3.3 31.7 20.2 7.6 61.5 41.7 18.1 31.2 22.4 Southwest....................... 7.1 15.3 8.1 3.3 28.4 14.0 2.9 40.0 20.1 13.3 21.9 11.2 West.......................... 9.2 8.1 5.2 2.6 26.9 14.1 10.7 64.4 33.7 22.5 27.9 15.1
Total Single-family mortgage loans
(2)
. . . . . . 45.5% 11.7% 8.5% 19.1% 27.0% 15.3% 35.4% 54.0% 30.6% 100.0% 24.6% 15.1%
(1) The current LTV ratios are our estimates. See endnote (3) to “Table 58 — Characteristics of the Single-Family Mortgage Portfolio” for further information. (2) Based on the $54.9 billion in unpaid principal balance of single-family mortgage loans on our consolidated balance sheet as of December 31, 2009. Those categories shown as 0.0% had less than
0.1% of the loan balance of the single-family loans on our consolidated balance sheet at December 31, 2009.
(3) See endnote (3) to “Table 60 — Credit Performance of Certain Higher Risk Categories in the Single-Family Mortgage Portfolio.” (4) Based on the number of mortgages 90 days or more delinquent or in foreclosure. See “RISK MANAGEMENT — Credit Risks — Portfolio Management Activities — Credit Performance —
Delinquencies” for further information about our reported delinquency rates.
(5) The total of all FICO categories may not sum due to the inclusion of loans where FICO is not available in the respective total for all loans. See endnote (4) to “Table 58 — Characteristics of the
Single-Family Mortgage Portfolio” for further information about our use of FICO scores.
114 Freddie Mac