Freddie Mac 2012 Annual Report Download - page 157

The table below presents statistics for combinations of certain characteristics of the mortgages in our single-family
credit guarantee portfolio as of December 31, 2012 and 2011.
Table 52 — Single-Family Credit Guarantee Portfolio by Attribute Combinations
December 31, 2012
Current LTV Ratio ≤80(1)
Current LTV Ratio
of > 80 to 100(1) Current LTV > 100(1)
Current LTV Ratio
All Loans(1)
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
By Product Type
FICO scores < 620:
20 and 30- year or more amortizing
fixed-rate ................... 1.0% 8.3% 0.8% 13.4% 0.9% 22.9% 2.7% 18.8% 13.4%
15- year amortizing fixed-rate ...... 0.2 4.2 <0.1 8.0 <0.1 9.5 0.2 1.2 4.5
ARMs/adjustable rate(4) ........... 0.1 10.0 <0.1 16.5 <0.1 26.7 0.1 11.4 14.1
Interest-only(5) .................. <0.1 15.0 <0.1 20.8 0.1 33.6 0.1 0.6 27.6
Other(6) ....................... <0.1 4.0 <0.1 8.4 <0.1 14.9 <0.1 4.9 5.7
Total FICO scores < 620 .......... 1.3 7.2 0.8 13.4 1.0 23.2 3.1 15.3 12.2
FICO scores of 620 to 659:
20 and 30- year or more amortizing
fixed-rate ................... 2.2 5.5 1.3 9.7 1.7 18.8 5.2 13.8 9.8
15- year amortizing fixed-rate ...... 0.6 2.5 <0.1 5.1 <0.1 8.4 0.6 0.6 2.7
ARMs/adjustable rate(4) ........... 0.1 5.1 0.1 11.7 0.1 23.7 0.3 2.6 10.9
Interest-only(5) .................. <0.1 10.7 0.1 17.2 0.2 30.0 0.3 0.5 24.4
Other(6) ....................... <0.1 2.8 <0.1 4.6 <0.1 7.0 <0.1 1.9 4.7
Total FICO scores of 620 to 659 ..... 2.9 4.7 1.5 9.7 2.0 19.5 6.4 10.7 9.0
FICO scores of >=660:
20 and 30- year or more amortizing
fixed-rate ................... 40.1 1.1 17.0 2.9 9.8 9.4 66.9 3.3 2.6
15- year amortizing fixed-rate ...... 14.7 0.4 1.0 0.9 0.3 2.3 16.0 0.1 0.5
ARMs/adjustable rate(4) ........... 3.0 1.0 0.7 4.6 0.5 15.4 4.2 0.6 3.4
Interest-only(5) .................. 0.4 4.2 0.7 9.7 1.6 20.6 2.7 0.2 15.0
Other(6) ....................... <0.1 1.9 0.1 1.5 0.1 2.5 0.2 0.7 1.9
Total FICO scores >= 660 ......... 58.2 0.9 19.5 3.0 12.3 10.6 90.0 2.3 2.3
Total FICO scores not available ..... 0.3 5.4 0.1 11.6 0.1 23.0 0.5 6.5 8.9
All FICO scores:
20 and 30- year or more amortizing
fixed-rate ................... 43.4 1.7 19.1 4.0 12.6 11.8 75.1 4.9 3.7
15- year amortizing fixed-rate ...... 15.4 0.6 1.1 1.2 0.3 2.8 16.8 0.1 0.6
ARMs/adjustable rate(4) ........... 3.3 1.6 0.8 5.8 0.6 17.1 4.7 1.2 4.3
Interest-only(5) .................. 0.5 4.9 0.8 10.7 1.8 22.0 3.1 0.2 16.3
Other(6) ....................... 0.1 9.6 0.1 6.8 0.1 10.2 0.3 7.9 8.9
Total single-family credit guarantee
portfolio(7) ................... 62.7% 1.4% 21.9% 4.1% 15.4% 12.7% 100.0% 3.4% 3.3%
By Region(8)
FICO scores < 620:
North Central .................. 0.2% 5.9% 0.2% 10.4% 0.2% 18.1% 0.6% 14.8% 10.5%
Northeast ..................... 0.5 10.4 0.2 19.7 0.2 30.6 0.9 16.6 16.1
Southeast ..................... 0.2 7.9 0.2 13.5 0.3 27.7 0.7 16.0 14.5
Southwest ..................... 0.2 5.2 0.1 11.2 <0.1 19.5 0.3 10.6 7.4
West ........................ 0.2 4.9 0.1 10.2 0.3 17.3 0.6 18.0 10.1
Total FICO scores < 620 .......... 1.3 7.2 0.8 13.4 1.0 23.2 3.1 15.3 12.2
FICO scores of 620 to 659:
North Central .................. 0.5 3.9 0.3 7.7 0.4 14.5 1.2 10.2 7.5
Northeast ..................... 0.9 6.6 0.4 14.4 0.4 25.8 1.7 11.1 11.5
Southeast ..................... 0.5 5.4 0.3 10.2 0.5 23.9 1.3 11.0 11.3
Southwest ..................... 0.5 3.3 0.2 7.6 0.1 14.5 0.8 6.8 4.8
West ........................ 0.5 3.4 0.3 8.0 0.6 16.1 1.4 14.2 8.3
Total FICO scores of 620 to 659 .... 2.9 4.7 1.5 9.7 2.0 19.5 6.4 10.7 9.0
FICO scores >=660:
North Central .................. 9.4 0.7 4.4 2.2 2.3 7.0 16.1 1.9 1.7
Northeast ..................... 15.9 1.2 5.2 4.6 1.9 14.2 23.0 2.0 2.6
Southeast ..................... 8.3 1.3 3.5 3.3 3.0 14.2 14.8 2.5 3.7
Southwest ..................... 8.0 0.7 2.1 2.0 0.3 5.9 10.4 1.1 1.0
West ........................ 16.6 0.6 4.3 2.8 4.8 9.1 25.7 3.4 2.3
Total FICO scores >= 660 ......... 58.2 0.9 19.5 3.0 12.3 10.6 90.0 2.3 2.3
Total FICO scores not available ..... 0.3 5.4 0.1 11.6 0.1 23.0 0.5 6.5 8.9
All FICO scores:
North Central .................. 10.1 1.0 4.8 3.0 3.0 9.0 17.9 3.0 2.5
Northeast ..................... 17.1 1.9 5.9 6.1 2.5 17.6 25.5 3.3 3.8
Southeast ..................... 9.1 1.9 4.0 4.5 3.8 16.7 16.9 4.0 5.0
Southwest ..................... 8.9 1.1 2.5 3.2 0.4 9.3 11.8 2.1 1.7
West ........................ 17.5 0.8 4.7 3.3 5.7 10.2 27.9 4.4 2.8
Total single-family credit guarantee
portfolio(7) ..................... 62.7% 1.4% 21.9% 4.1% 15.4% 12.7% 100.0% 3.4% 3.3%
152 Freddie Mac