Federal National Mortgage Association · OTC:FNMA
Federal National Mortgage Association — Federal National Mortgage Association Fannie MAE — Q3 2007 Earnings Presentation
7 slides from Federal National Mortgage Association's earnings presentation, Nov 9, 2007
Slide 1: 2007 Q1-Q3 10-Q Investor Summary Credit Supplement
Fannie Mae 2007 Q1-Q3 10-Q Investor Summary November 9, 2007 Credit Supplement
Slide 2: Characteristics of Single-Family Conventional Mortgage Credit Book of Business
Characteristics of Fannie Mae Single-Family Conventional Mortgage Credit Book of Business Product Types* Occupancy* Primary Residence 6% Investor 4% Second/ Vacation 6% Other ARMs 3% IO Fixed 5% IO ARM 1% Negam * Data as of September 30, 2007 September 30, 2007 September 30, 2007 Single-Family Conve
Slide 3: Subprime and Alt-A Exposure
Fannie Mae Subprime and Alt-A Exposure Total Exposure of $55.9 Billion Total Exposure of $359.1 Billion PLS Portfolio Investment PLS Wrap $6.2B Purchased or Guaranteed Loans $7.3B PLS Wrap $0.6B PLS Portfolio Investment $33.8B Purchased or Guaranteed Loans * Data as of September 30, 2007 Subprime $4
Slide 4: Credit Profile by Key Product Features
Fannie Mae Credit Profile by Key Product Features * Data as of September 30, 2007 Note: Categories are not mutually exclusive, so numbers are not additive across columns Credit Characteristics of Single-Family Conventional Mortgage Credit Book of Business Book Profile Overall Book Subprime Loans Alt
Slide 5: Exposure - Securities/Wraps
Fannie Mae Subprime and Alt-A Exposure - Securities/Wraps Data as of September 30, 2007 Securities (1) (2) Wraps (2) Securities Wraps Balance (UPB $billion) 42.4 6.2 33.8 0.6 Share of Total SF Credit Book 1.6% 1.3% % AAA 99% 100% % AA or below Subprime Alt-A 1% 8% 92% 0.2% 0% 0.0% 100% 0% (1) In Oct
Slide 6: Single-family delinquency rates by region
Single-family delinquency rates by region * Data as of September 30, 2006 and 2007 Single-family serious delinquency rates 2007 Q3 2006 Q3 Midwest Northeast Southeast Southwest West Single-family serious delinquency rates 2007 Q3 2006 Q3 California Florida Total Portfolio 1.14% 0.79% 0.88% 0.69% 0.3
Slide 7: Home Price Growth and Fannie Mae REO in Key States
Home Price Growth and Fannie Mae REO in Key States * All data as of September 30, 2007 On a national basis, REO sales price/unpaid principal balance has decreased from 93% in 2005 to 89% in 2006 to 86% in Q1-Q3 2007, driving an increase in loss severity. REO and HP Statistics for Selected States REO
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