Freddie Mac 2011 Annual Report Download - page 106
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Please find page 106 of the 2011 Freddie Mac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Our Investments segment’s total other comprehensive income was $10.2 billion during 2010. Net unrealized losses in
AOCI on our available-for-sale securities decreased by $9.5 billion during 2010, primarily attributable to the impact of
declining interest rates, resulting in fair value gains on our agency, single-family non-agency, and CMBS mortgage-related
securities. In addition, the impact of widening OAS levels on our single-family non-agency mortgage-related securities
during these periods was offset by fair value gains related to the movement of securities with unrealized losses towards
maturity and the recognition in earnings of other-than-temporary impairments on our non-agency mortgage-related
securities.
For a discussion of items that may impact our Investments segment net interest income over time, see
“BUSINESS — Conservatorship and Related Matters — Impact of Conservatorship and Related Actions on Our
Business — Limits on Investment Activity and Our Mortgage-Related Investments Portfolio” and “Net Interest Income.”
101 Freddie Mac