Freddie Mac 2011 Annual Report Download - page 166

Table 57 — Single-Family Credit Guarantee Portfolio by Attribute Combinations
Percentage of
Portfolio
(2)
Serious
Delinquency
Rate
Percentage of
Portfolio
(2)
Serious
Delinquency
Rate
Percentage of
Portfolio
(2)
Serious
Delinquency
Rate
Percentage of
Portfolio
(2)
Percentage
Modified
(3)
Serious
Delinquency
Rate
Current LTV Ratio ⱕ80
(1)
Current LTV Ratio
of ⬎80 to 100
(1)
Current LTV ⬎100
(1)
Current LTV Ratio
All Loans
(1)
December 31, 2011
By Product Type
FICO scores ⬍620:
20 and 30- year or more amortizing
fixed-rate ................ 0.9% 8.1% 0.8% 13.4% 1.0% 23.7% 2.7% 16.6% 14.2%
15- year amortizing fixed-rate . . . . . 0.2 4.2 ⬍0.1 10.1 ⬍0.1 17.6 0.2 1.2 4.7
ARMs/adjustable rate
(4)
......... 0.1 10.8 ⬍0.1 17.2 ⬍0.1 25.4 0.1 9.8 15.4
Interest-only
(5)
.............. ⬍0.1 16.0 ⬍0.1 22.4 0.1 34.9 0.1 0.4 30.3
Other
(6)
.................. ⬍0.1 3.6 ⬍0.1 7.4 0.1 14.1 0.1 4.2 5.6
Total FICO scores ⬍620 ....... 1.2 7.0 0.8 13.5 1.2 24.1 3.2 13.4 12.9
FICO scores of 620 to 659:
20 and 30- year or more amortizing
fixed-rate ................ 2.0 5.2 1.5 8.9 2.0 18.4 5.5 11.5 10.1
15- year amortizing fixed-rate . . . . . 0.6 2.5 ⬍0.1 6.1 ⬍0.1 15.1 0.6 0.6 2.8
ARMs/adjustable rate
(4)
......... 0.1 5.5 0.1 11.7 0.1 23.6 0.3 2.0 12.6
Interest-only
(5)
.............. ⬍0.1 10.4 0.1 18.6 0.3 31.7 0.4 0.3 27.2
Other
(6)
.................. ⬍0.1 2.8 ⬍0.1 4.8 ⬍0.1 5.5 ⬍0.1 1.4 4.5
Total FICO scores of 620 to 659 . . . 2.7 4.4 1.7 9.1 2.4 19.4 6.8 8.9 9.4
FICO scores of ⬎= 660:
20 and 30- year or more amortizing
fixed-rate ................ 34.6 1.0 20.3 2.4 12.4 9.2 67.3 2.7 2.8
15- year amortizing fixed-rate . . . . . 13.1 0.4 1.0 1.1 0.2 6.0 14.3 0.1 0.5
ARMs/adjustable rate
(4)
......... 2.5 1.1 0.8 4.3 0.8 14.8 4.1 0.5 4.5
Interest-only
(5)
.............. 0.4 3.7 0.7 9.2 2.5 20.7 3.6 0.2 16.2
Other
(6)
.................. ⬍0.1 2.0 ⬍0.1 2.0 0.1 2.0 0.1 0.5 2.0
Total FICO scores ⬎=660....... 50.6 0.8 22.8 2.6 16.0 10.8 89.4 1.9 2.6
FICO scores not available . . ....... 0.3 4.8 0.2 11.9 0.1 21.4 0.6 5.5 8.9
All FICO scores:
20 and 30- year or more amortizing
fixed-rate ................ 37.7 1.6 22.5 3.4 15.6 11.5 75.8 4.1 3.9
15- year amortizing fixed-rate . . . . . 13.8 0.6 1.1 1.5 0.2 7.3 15.1 0.1 0.7
ARMs/adjustable rate
(4)
......... 2.7 1.8 1.0 5.5 0.9 16.4 4.6 1.0 5.5
Interest-only
(5)
.............. 0.5 4.4 0.8 10.5 2.8 22.2 4.1 0.2 17.6
Other
(6)
.................. 0.1 8.9 0.1 8.4 0.2 8.4 0.4 6.8 8.6
Total single-family credit guarantee
portfolio
(7)
............... 54.8% 1.3% 25.5% 3.6% 19.7% 12.8% 100.0% 2.9% 3.6%
By Region
(8)
FICO scores ⬍620:
North Central . . . ............ 0.2% 6.3% 0.2% 11.7% 0.2% 20.1% 0.6% 13.4% 12.0%
Northeast ................. 0.4 9.3 0.2 19.0 0.3 28.9 0.9 14.3 14.9
Southeast ................. 0.2 7.9 0.2 13.9 0.3 29.5 0.7 13.9 15.9
Southwest ................. 0.2 5.1 0.1 11.0 0.1 19.5 0.4 9.4 8.0
West.................... 0.2 4.6 0.1 9.1 0.3 19.5 0.6 16.2 11.8
Total FICO scores ⬍620 ....... 1.2 7.0 0.8 13.5 1.2 24.1 3.2 13.4 12.9
FICO scores of 620 to 659:
North Central . . . ............ 0.5 4.0 0.3 8.2 0.5 15.1 1.3 8.7 8.4
Northeast ................. 0.8 5.8 0.5 12.9 0.4 23.3 1.7 9.1 10.3
Southeast ................. 0.5 5.2 0.3 9.5 0.6 24.1 1.4 9.1 12.2
Southwest ................. 0.5 3.1 0.3 7.0 0.1 13.6 0.9 5.9 5.1
West.................... 0.4 3.1 0.3 6.8 0.8 17.6 1.5 12.0 10.0
Total FICO scores of 620 to 659 . . . 2.7 4.4 1.7 9.1 2.4 19.4 6.8 8.9 9.4
FICO scores ⬎=660:
North Central . . . ............ 8.5 0.7 4.7 2.3 2.8 7.4 16.0 1.6 2.0
Northeast ................. 14.9 1.0 5.7 3.9 2.0 12.6 22.6 1.6 2.3
Southeast ................. 7.1 1.2 3.9 2.8 3.8 14.4 14.8 2.1 4.2
Southwest ................. 7.4 0.6 2.7 2.0 0.4 6.2 10.5 0.9 1.1
West.................... 12.7 0.5 5.8 1.7 7.0 10.1 25.5 2.9 3.0
Total FICO scores ⬎=660....... 50.6 0.8 22.8 2.6 16.0 10.8 89.4 1.9 2.6
Total FICO scores not available . . . . 0.3 4.8 0.2 11.9 0.1 21.4 0.6 5.5 8.9
All FICO scores:
North Central . . . ............ 9.1 1.0 5.3 3.2 3.6 9.5 18.0 2.6 2.9
Northeast ................. 16.1 1.6 6.4 5.3 2.7 15.8 25.2 2.7 3.4
Southeast ................. 7.9 1.8 4.4 4.0 4.7 16.8 17.0 3.4 5.5
Southwest ................. 8.2 1.1 3.2 3.1 0.6 9.4 12.0 1.8 1.8
West.................... 13.5 0.7 6.2 2.1 8.1 11.3 27.8 3.8 3.6
Total single-family credit guarantee
portfolio
(7)
................ 54.8% 1.3% 25.5% 3.6% 19.7% 12.8% 100.0% 2.9% 3.6%
161 Freddie Mac