Freddie Mac 2012 Annual Report Download - page 158

As of December 31, 2011
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 .......................... 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
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:
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 of >=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%
(1) The current LTV ratios are our estimates. See endnote (4) to “Table 41 — Characteristics of the Single-Family Credit Guarantee Portfolio” for further information.
(2) Based on UPB of the single-family credit guarantee portfolio.
(3) See endnote (2) to “Table 51 — Credit Concentrations in the Single-Family Credit Guarantee Portfolio.”
(4) Includes balloon/resets and option ARM mortgage loans.
(5) Includes both fixed rate and adjustable rate loans. The percentages of interest-only loans which have been modified at period end reflect that a number of these loans have not
yet been assigned to their new product category (post-modification), primarily due to delays in processing.
(6) Consist of FHA/VA and other government guaranteed mortgages.
(7) The total of all FICO scores categories may not sum due to the inclusion of loans where FICO scores are not available in the respective totals for all loans. See endnote (6) to
“Table 41 — Characteristics of the Single-Family Credit Guarantee Portfolio” for further information about our presentation of FICO scores.
(8) Presentation with the following regional designation: West (AK, AZ, CA, GU, HI, ID, MT, NV, OR, UT, WA); Northeast (CT, DE, DC, MA, ME, MD, NH, NJ, NY, PA, RI,
VT, VA, WV); North Central (IL, IN, IA, MI, MN, ND, OH, SD, WI); Southeast (AL, FL, GA, KY, MS, NC, PR, SC, TN, VI); and Southwest (AR, CO, KS, LA, MO, NE,
NM, OK, TX, WY).
153 Freddie Mac