Conservator’s report – state on Fannie & Freddie

Full report here:


FHFA, linked above, wrote a report on the state of Fannie Mae & Freddie Mac.  Here are some interesting pieces of it.  All data is from Fannie Mae’s stats:


1. This year’s average credit score is 758 versus 716 in 2007.

2. 8% of loans are less than 10% down.

3. 2% of loans are interest only this year compared to 15% in 2007.

4. 5% of loans are seriously delinquent, but within that, 19.4% of interest only loans, and 15-16% of Alt-A or <620 credit score loans are seriously delinquent.

5. Since 2007, Fannie and Freddie have lost $226 billion.  The majority of these losses were from guaranteeing loans.

6. In 2004-2006, subprime loans were about 20% of the market, now they are closer to 1%.

7. FHA and VA loans today make up about 30% of the market, and conventional 63%.

8. Loans in California, Arizona, Florida, & Nevada make up 57% of Fannie’s credit losses in 2010.

9. As of Apr 2010, 448,000 loans have received some sort of payment plan or modification from Fannie or Freddie, of which 138,000 were permanent modifications.



Interesting stats!  It provides some insight into the changes in loan quality over the past few years.