Business Summary
Federal National Mortgage Association is a government-sponsored enterprise. Co.'s main
activities include securitizing mortgage loans originated by lenders into Fannie Mae
mortgage-backed securities that it guarantees, which it refers to as Fannie Mae MBS. Co.
also purchases mortgage loans and mortgage-related securities. Co. obtains funds to support
its business activities by issuing a range of debt securities in the domestic and international
capital markets. Co. also makes other investments that increase the supply of affordable
housing. As of Dec 31 2011, Co.'s business segments were: Single-Family Credit Guaranty,
Multifamily, and Capital Markets.
Company Details
Subsidiaries
No subsidiary found under this company.
-- 03 -- $694,000,000 senior fixed - foreign exchange notes and bonds, bearing interest at a
weighted-average rate of 5.44% as of Dec. 31, 2012, maturing from 2021 to 2028.
Line of Credit: Co. periodically uses secured and unsecured intraday funding lines of credit
provided by several large financial institutions. Co. posts collateral which, in some
circumstances, the secured party has the right to repledge to third parties. As these lines of
credit are uncommitted intraday loan facilities, Co. may be unable to draw on them if and
when needed. Co. had secured uncommitted lines of credit of $15,000,000,000 as of Dec.
31, 2012. Co. had no borrowings outstanding from these lines of credit as of Dec. 31, 2012.
Co. had no unsecured, uncommitted lines of credit as of Dec. 31, 2012.
Capital Structure
Abbreviation Description
4.75% Non-Cum Pfd Ser M 4.75% Non-Cum Pfd Ser M
5.10% Pfd Ser E 5.10% Pfd Ser E
5.125% Pfd Ser L 5.125% Pfd Ser L
5.375% Pfd Conv 2004-I 144A 5.375% Pfd Conv 2004-I 144A
5.375% Pfd Ser I 5.375% Pfd Ser I
5.50% Non Cum Pfd Stk 5.50% Non Cum Pfd Stk
5.81% Pfd Ser H 5.81% Pfd Ser H
8.25% Pfd Ser S 8.25% Pfd Ser S
Com Com
Non Cum Pfd Ser P Non Cum Pfd Ser P
Non Cum Pfd Ser Q Non Cum Pfd Ser Q
Non Cum Pfd Ser R 7.625% Non Cum Pfd Ser R 7.625%
Perp Pfd Secs Ser D 5.25% Perp Pfd Secs Ser D 5.25%
Pfd Ser G Var Rate Pfd Ser G Var Rate
Pfd Ser O Var Rate 144A Pfd Ser O Var Rate 144A
Pfd Ser T Pfd Ser T
Var rate pfd ser F Var rate pfd ser F
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.59 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
5.10% Pfd Ser E (OTC: FNMF M)
Ticker Listed
FNMF M Over-the-Counter
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.64 08/08/2008 09/30/2008
0.00 09/30/2008
5.125% Pfd Ser L (OTC: FNMA N)
Ticker Listed Par Amount
FNMA N Over-the-Counter 0.00
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.64 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
5.375% Pfd Conv 2004-I 144A (NBB: FNMF O)
Ticker Listed
FNMF O Other-OTC
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
1,343.75 08/08/2008 09/30/2008
0.00 09/30/2008
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.67 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.69 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
5.81% Pfd Ser H (OTC: FNMA M)
Ticker Listed Par Amount
FNMA M Over-the-Counter USD
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.73 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
8.25% Pfd Ser S (OTC: FNMA S)
Ticker Listed
FNMA S Over-the-Counter
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.52 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
Com (OTC: FNMA)
Ticker Listed Outstanding Date Outstanding
FNMA Over-the-Counter 03/31/2013 1,158,077,970
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 11/29/2008
0.05 08/08/2008 08/14/2008 08/29/2008
0.00 08/29/2008
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.29 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
Non Cum Pfd Ser Q (OTC: FNMA I)
Ticker Listed
FNMA I Over-the-Counter
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.42 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
Non Cum Pfd Ser R 7.625% (OTC: FNMA J)
Ticker Listed
FNMA J Over-the-Counter
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.48 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
Perp Pfd Secs Ser D 5.25% (OTC: FDDX D)
Ticker Listed
FDDX D Over-the-Counter
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.66 08/08/2008 09/30/2008
0.00 09/30/2008
Pfd Ser G Var Rate (OTC: FNMA O)
Ticker Listed Par Amount
FNMA O Over-the-Counter USD
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.57 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
Pfd Ser O Var Rate 144A (OTC: FNMF N)
Ticker Listed
FNMF N Over-the-Counter
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.88 08/08/2008 09/30/2008
0.00 09/30/2008
Pfd Ser T (OTC: FNMA T)
Ticker Listed
FNMA T Over-the-Counter
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.52 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
Var rate pfd ser F (OTC: FNMA P)
Ticker Listed Par Amount
FNMA P Over-the-Counter USD
Recent Dividends
Amount Record Date ExDiv Date Pay Date
0.00 12/30/2008
0.17 08/08/2008 09/11/2008 09/30/2008
0.00 09/30/2008
Business Segments
Business Analysis
Revenues
Report Date 12/31/2012 12/31/2011 12/31/2010 12/31/2009
Currency USD USD USD USD
Scale Thousands Thousands Thousands Thousands
Portfolio Investment - - - -
Credit Guaranty - - - -
Single-Family 8,120,000 5,675,000 2,126,000 8,784,000
Multifamily 1,234,000 1,064,000 940,000 582,000
Capital Markets 12,667,000 12,901,000 13,400,000 13,128,000
Consolidated trusts 2,024,000 950,000 460,000 -
Total 24,045,000 20,590,000 16,926,000 22,494,000
Operating Income
Report Date 12/31/2001 12/31/2001
Currency USD USD
Scale Thousands Thousands
Portfolio Investment 6,471,000 3,489,000
Credit Guaranty 3,252,000 1,878,000
Single-Family - -
Multifamily - -
Capital Markets - -
Consolidated trusts - -
Total 9,723,000 5,367,000
Geographic Analysis
No information found under this company.
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
As Reported Annual Income Statement
Report Date 12/31/2012 12/31/2011 12/31/2010
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Thousands Thousands Thousands
Interest income on trading 989,000 1,087,000 1,251,000
securities
Interest income on 3,299,000 3,277,000 5,290,000
available-for-sale securities
Interest income on 124,706,000 138,462,000 -
mortgage loans
Interest income on - - 14,992,000
mortgage loans - of Fannie
Mae
Interest income on - - 132,591,000
mortgage loans - of
consolidated trusts
Other interest income 196,000 117,000 146,000
Total interest income 129,190,000 142,943,000 154,270,000
Interest expense on short- 152,000 310,000 -
term debt
Interest expense on short- - - 619,000
term debt - of Fannie Mae
Interest expense on short- - - 12,000
term debt - of consolidated
trusts
Interest expense on long- 107,537,000 123,352,000 -
term debt
Interest expense on long- - - 18,857,000
term debt - of Fannie Mae
Interest expense on long- - - 118,373,000
term debt - of consolidated
trusts
Total interest expense 107,689,000 123,662,000 137,861,000
Net interest income 21,501,000 19,281,000 16,409,000
Provision (benefit) for credit (852,000) 25,914,000 24,702,000
losses
Net interest income (loss) 22,353,000 (6,633,000) (8,293,000)
after provision for loan
losses
Guaranty fee income - - 202,000
Trust management income - - -
Investment gains (losses), 487,000 506,000 346,000
net
Other-than temporary (311,000) (614,000) (694,000)
impairments
Less: noncredit portion of (402,000) 306,000 (28,000)
other-than-temporary
impairments recognized in
other comprehensive loss
Net other-than-temporary (713,000) (308,000) (722,000)
impairments
Fair value losses, net (2,977,000) (6,621,000) (511,000)
Debt extinguishment gains (244,000) (232,000) (568,000)
(losses), net
Gains (losses) from - - (74,000)
partnership investments
Fee & other income 1,487,000 1,163,000 882,000
(expense)
Non-interest income (loss) (1,960,000) (5,492,000) (445,000)
Salaries & employee 1,195,000 1,236,000 1,277,000
benefits
Professional services 766,000 736,000 942,000
Occupancy expenses 188,000 179,000 170,000
Other administrative 218,000 219,000 208,000
expenses
Total administrative 2,367,000 2,370,000 2,597,000
expenses
Minority interest in earnings - - -
(losses) of consolidated
subsidiaries
Provision for guaranty - 804,000 194,000
losses
Foreclosed property income 254,000 (780,000) (1,718,000)
(expense)
Other expenses 1,060,000 866,000 853,000
Total expenses 3,173,000 4,820,000 5,362,000
Income (loss) before 17,220,000 (16,945,000) (14,100,000)
federal income taxes &
extraordinary gains (losses)
Current income tax - (90,000) -
expense (benefit)
Deferred income tax - - -
(benefit) expense
Provision (benefit) for - (90,000) (82,000)
federal income taxes
Income (loss) before - - (14,018,000)
extraordinary gains (losses)
Extraordinary gains - - -
(losses), net of tax effect
Net income (loss) 17,220,000 (16,855,000) (14,018,000)
Less: net loss attributable 4,000 - 4,000
to the noncontrolling
interest
Net income (loss) 17,224,000 (16,855,000) (14,014,000)
attributable to Fannie Mae
Preferred stock dividends 11,603,000 9,614,000 7,704,000
Preferred stock dividends & - - -
issuance costs at
redemption
Undistributed earnings 4,224,000 - -
available for distribution to
senior preferred
stockholder
Net income (loss) available 1,397,000 (26,469,000) (21,718,000)
to common stockholders
Weighted average shares 5,762,000 5,737,000 5,694,000
outstanding - basic
Weighted average shares 5,893,000 5,737,000 5,694,000
outstanding - diluted
Year end shares 1,158,077.97 1,157,767.4 1,118,504.194
outstanding
Income (loss) per share - - - -
continuing operations -
basic
Income (loss) per share - - - -
extraordinary item - basic
Net income (loss) per share 0.24 (4.61) (3.81)
- basic
Income (loss) per share - - - -
continuing operations -
diluted
Income (loss) per share - - - -
extraordinary item - diluted
Net income (loss) per share 0.24 (4.61) (3.81)
- diluted
Cash dividends per - - -
common share
Total number of employees 7,200 7,000 7,300
Number of common 14,000 15,000 18,000
stockholders
Balance Sheet
Exchange rate used is that of the Year End reported date
As Reported Annual Balance Sheet
Report Date 12/31/2012 12/31/2011 12/31/2010
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Thousands Thousands Thousands
Cash & cash equivalents 21,117,000 17,539,000 17,297,000
Restricted cash 67,919,000 50,797,000 63,678,000
Federal funds sold & 32,500,000 46,000,000 11,751,000
securities purchased under
agreements to resell
Investments in securities - 40,695,000 74,198,000 56,856,000
trading, at fair value
Investments in securities - 63,181,000 77,582,000 94,392,000
available for sale, at fair
value
Total investments in 103,876,000 151,780,000 151,248,000
securities
Mortgage loans held for 464,000 311,000 915,000
sale, at lower of cost or
market
Mortgage loans held for 355,544,000 380,134,000 407,228,000
investment - Of Fannie Mae
Mortgage loans held for 2,652,193,000 2,590,332,000 2,577,133,000
investment - Of
consolidated trusts
Mortgage loans held for 3,007,737,000 2,970,466,000 2,984,361,000
investment, at amortized
cost
Allowance for loan losses 58,795,000 72,156,000 61,556,000
Total loans held for 2,948,942,000 2,898,310,000 2,922,805,000
investment, net of
allowance
Total mortgage loans 2,949,406,000 2,898,621,000 2,923,720,000
Advances to lenders - - -
Accrued interest receivable - - 5,344,000
- Of Fannie Mae
Accrued interest receivable - - 9,349,000
- Of consolidated trusts
Allowance for accrued - - (3,414,000)
interest receivable
Accrued interest receivable 9,176,000 10,000,000 11,279,000
Acquired property, net 10,489,000 11,373,000 16,173,000
Derivative assets at fair - - -
value
Guaranty assets - - -
Deferred tax assets, net - - -
Partnership investments - - -
Servicer & MBS trust - - 951,000
receivable
Other assets 27,939,000 25,374,000 25,875,000
Total assets 3,222,422,000 3,211,484,000 3,221,972,000
Accrued interest payable 11,303,000 12,648,000 -
Accrued interest payable - - - 4,052,000
Of Fannie Mae
Accrued interest payable - - - 9,712,000
Of consolidated trusts
Federal funds purchased & - - 52,000
securities sold under
agreements to repurchase
Fixed-rate discount notes - - 151,500,000
Fixed-rate foreign - - 384,000
exchange discount notes
Fixed-rate other fixed-rate - - -
short-term debt
Total fixed-rate short-term - - 151,884,000
debt
Floating-rate short-term - - -
debt
Short-term debt - - -
Short-term debt - of Fannie - - 151,884,000
Mae
Short-term debt - of - - 5,359,000
consolidated trusts
Senior fixed-rate - - 545,680,000
Senior floating-rate - - 72,425,000
Subordinated fixed-rate - - 10,055,000
Debt from consolidations - - -
Long-term debt - - -
Long-term debt - of Fannie - - 628,160,000
Mae
Long-term debt - of Fannie 615,864,000 732,444,000 -
Mae
Long-term debt - of 2,573,653,000 2,457,428,000 2,411,597,000
consolidated trusts
Derivative liabilities at fair - - -
value
Reserve for guaranty - - 323,000
losses
Guaranty obligations - - -
Partnership liabilities - - -
Servicer & MBS trust - - 2,950,000
payable
Other liabilities 14,378,000 13,535,000 10,400,000
Total liabilities 3,215,198,000 3,216,055,000 3,224,489,000
Minority interests in - - -
consolidated subsidiaries
TARP - senior preferred 117,149,000 112,578,000 88,600,000
stock
Preferred stock 19,130,000 19,130,000 20,204,000
Common stock 687,000 687,000 667,000
Additional paid-in capital - - -
Retained earnings (122,766,000) (128,381,000) (102,986,000)
(accumulated deficit)
Net unrealized gains 1,399,000 1,152,000 304,000
(losses) on available-for-
sale securities for which
Co. has not recorded other-
than-temporary impairment
Net unrealized losses on (465,000) (1,953,000) (1,736,000)
available-for-sale securities
for which Co. has recorded
other-than-temporary
impairment
Net unrealized (losses) on - - -
available-for-sale securities
Prior service cost & (505,000) - -
actuarial gains, net of
amortization for defined
benefit plans, net of tax
Other accumulated other (45,000) (434,000) (250,000)
comprehensive income
(losses)
Accumulated other 384,000 (1,235,000) (1,682,000)
comprehensive income
(loss)
Less: treasury stock, at cost 7,401,000 7,403,000 7,402,000
Total Fannie Mae 7,183,000 (4,624,000) (2,599,000)
stockholders' equity (deficit)
Non-controlling interests 41,000 53,000 82,000
Total equity (deficit) 7,224,000 (4,571,000) (2,517,000)
Cash Flows
Exchange rate used is that of the Year End reported date
As Reported Annual Cash Flow
Report Date 12/31/2012 12/31/2011 12/31/2010
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Thousands Thousands Thousands
Net income (loss) 17,220,000 (16,855,000) (14,018,000)
Amortization of cost basis (2,335,000) (369,000) 126,000
adjustments
Amortization of investment - - -
cost basis adjustments
Amortization of debt cost - - -
basis adjustments
Provision for credit losses - - -
Provisions for loan & (852,000) 26,718,000 24,896,000
guaranty losses
Valuation (gains) losses (1,345,000) (408,000) (1,289,000)
Debt extinguishment - - -
(gains) losses, net
Debt foreign currency - - -
transaction (gains) losses,
net
Losses (gains) from (119,000) (82,000) 74,000
partnership investments
Current & deferred federal 10,000 1,044,000 258,000
income taxes
Extraordinary (gains) - - -
losses, net of tax effect
Derivatives fair value - - -
adjustments
Purchases of loans held for (603,000) (737,000) (81,000)
sale
Proceeds from repayments 177,000 68,000 88,000
of loans held for sale
Net decrease (increase) in 31,972,000 (17,048,000) (23,612,000)
trading securities, excluding
non-cash transfers
Payments to servicers for (5,722,000) (5,394,000) -
foreclosed property
expense & servicer
incentive fees
Guaranty assets - - -
Guaranty obligations - - -
Other net change, net (1,402,000) (2,175,000) (13,837,000)
Net cash flows from 37,001,000 (15,238,000) (27,395,000)
operating activities
Purchases of trading (3,216,000) (2,951,000) (8,547,000)
securities held for
investment
Proceeds from maturities of 3,508,000 2,591,000 2,638,000
trading securities held for
investment
Proceeds from sales of 3,861,000 1,526,000 21,556,000
trading securities held for
investment
Purchases of available-for- (34,000) (192,000) (413,000)
sale securities
Proceeds from maturities of 12,636,000 13,552,000 17,102,000
available-for-sale securities
Proceeds from sales of 1,306,000 3,192,000 7,867,000
available-for-sale securities
Purchases of loans held for (210,488,000) (78,099,000) (86,724,000)
investment
Proceeds from repayments - - -
of loans held for investment
Proceeds from repayments 31,322,000 25,190,000 20,715,000
of loans held for investment
of Fannie Mae
Proceeds from repayments 797,331,000 544,145,000 574,740,000
of loans held for investment
of consolidated trusts
Net change in restricted (17,122,000) 12,881,000 (15,025,000)
cash
Advances to lenders (144,064,000) (70,914,000) (74,130,000)
Proceeds from disposition - - -
of acquired property
Proceeds from disposition 38,685,000 47,248,000 39,682,000
of acquired property &
preforeclosure sales
Reimbursements to - - -
servicers for loan advances
Net change in federal funds 13,500,000 (34,249,000) 41,471,000
sold & securities purchased
under agreements to resell
Contributions to partnership - (178,000) (351,000)
investments
Proceeds from partnership - 283,000 129,000
investments
Other investing activities 468,000 363,000 (531,000)
Net cash flows from 527,693,000 464,388,000 540,179,000
investing activities
Proceeds from issuance of - - -
short-term debt
Proceeds from issuance of - - 699,346,000
short-term debt of Fannie
Mae
Proceeds from the issuance 736,065,000 766,598,000 -
of debt of Fannie Mae
Payments to redeem short- - - -
term debt
Payments to redeem short- - - (748,550,000)
term debt of Fannie Mae
Proceeds from issuance of - - -
long-term debt
Proceeds from issuance of - - 456,602,000
long-term debt of Fannie
Mae
Payments to redeem long- - - (397,813,000)
term debt of Fannie Mae
Payments to redeem debt (854,111,000) (815,838,000) -
of Fannie Mae
Proceeds from issuance of - - 12,613,000
short-term debt of
consolidated trusts
Payments to redeem long- - - -
term debt
Payments to redeem short- - - (37,210,000)
term debt of consolidated
trusts
Proceeds from issuance of - - 263,962,000
long-term debt of
consolidated trusts
Proceeds from issuance of 396,513,000 233,516,000 -
debt of consolidated trusts
Payments to redeem long- - - (771,292,000)
term debt of consolidated
trusts
Payments to redeem debt (832,537,000) (647,695,000) -
of consolidated trusts
TARP - payments of cash (11,608,000) (9,613,000) (7,706,000)
dividends on senior
preferred stock to Treasury
Payments of cash - - -
dividends on common &
preferred stock
Proceeds from issuance of - - -
common & preferred stock
TARP - proceeds from 4,571,000 23,978,000 27,700,000
senior preferred stock
purchase agreement with
Treasury
Net change in federal funds - - 49,000
purchased & securities sold
under agreements to
repurchase
Other financing activities, (9,000) 146,000 -
net
Net cash flows from (561,116,000) (448,908,000) (502,299,000)
financing activities
Net increase (decrease) in 3,578,000 242,000 10,485,000
cash & cash equivalents
Cash & cash equivalents at 17,539,000 17,297,000 6,812,000
beginning of period
Cash & cash equivalents at 21,117,000 17,539,000 17,297,000
end of period
Cash paid during the year 119,259,000 128,806,000 140,651,000
for interest
Cash paid during the year - - -
for income taxes
Report Date 12/31/2009 12/31/2008
Currency USD USD
Audit Status Not Qualified Not Qualified
Consolidated Yes Yes
Scale Thousands Thousands
Net income (loss) (72,022,000) (58,707,000)
Amortization of cost basis - -
adjustments
Amortization of investment (687,000) (400,000)
cost basis adjustments
Amortization of debt cost 3,255,000 8,589,000
basis adjustments
Provision for credit losses 72,626,000 27,951,000
Provisions for loan & - -
guaranty losses
Valuation (gains) losses 4,530,000 13,964,000
Debt extinguishment (gains) 325,000 222,000
losses, net
Debt foreign currency 173,000 (230,000)
transaction (gains) losses,
net
Losses (gains) from 6,735,000 1,554,000
partnership investments
Current & deferred federal (1,919,000) 12,904,000
income taxes
Extraordinary (gains) - 409,000
losses, net of tax effect
Derivatives fair value (1,105,000) (1,239,000)
adjustments
Purchases of loans held for (109,684,000) (56,768,000)
sale
Proceeds from repayments 2,413,000 617,000
of loans held for sale
Net decrease (increase) in 11,976,000 72,689,000
trading securities, excluding
non-cash transfers
Payments to servicers for - -
foreclosed property
expense & servicer
incentive fees
Guaranty assets (1,072,000) 2,089,000
Guaranty obligations (903,000) (5,312,000)
Other net change, net (550,000) (2,479,000)
Net cash flows from (85,909,000) 15,853,000
operating activities
Purchases of trading (48,659,000) (7,635,000)
securities held for
investment
Proceeds from maturities of 12,918,000 9,530,000
trading securities held for
investment
Proceeds from sales of 39,261,000 2,823,000
trading securities held for
investment
Purchases of available-for- (165,103,000) (147,337,000)
sale securities
Proceeds from maturities of 48,096,000 33,369,000
available-for-sale securities
Proceeds from sales of 306,598,000 146,630,000
available-for-sale securities
Purchases of loans held for (52,148,000) (63,097,000)
investment
Proceeds from repayments 57,142,000 49,328,000
of loans held for investment
Proceeds from repayments - -
of loans held for investment
of Fannie Mae
Proceeds from repayments - -
of loans held for investment
of consolidated trusts
Net change in restricted - -
cash
Advances to lenders (79,163,000) (81,483,000)
Proceeds from disposition 22,667,000 10,905,000
of acquired property
Proceeds from disposition - -
of acquired property &
preforeclosure sales
Reimbursements to (27,503,000) (15,282,000)
servicers for loan advances
Net change in federal funds 4,230,000 (9,793,000)
sold & securities purchased
under agreements to resell
Contributions to partnership (688,000) (1,507,000)
investments
Proceeds from partnership 87,000 1,042,000
investments
Other investing activities - -
Net cash flows from 117,735,000 (72,507,000)
investing activities
Proceeds from issuance of 1,641,119,000 1,913,685,000
short-term debt
Proceeds from issuance of - -
short-term debt of Fannie
Mae
Proceeds from the issuance - -
of debt of Fannie Mae
Payments to redeem short- (1,773,977,000) (1,824,511,000)
term debt
Payments to redeem short- - -
term debt of Fannie Mae
Proceeds from issuance of 289,864,000 243,557,000
long-term debt
Proceeds from issuance of - -
long-term debt of Fannie
Mae
Payments to redeem long- - -
term debt of Fannie Mae
Payments to redeem debt - -
of Fannie Mae
Proceeds from issuance of - -
short-term debt of
consolidated trusts
Payments to redeem long- (257,329,000) (267,225,000)
term debt
Payments to redeem short- - -
term debt of consolidated
trusts
Proceeds from issuance of - -
long-term debt of
consolidated trusts
Proceeds from issuance of - -
debt of consolidated trusts
Payments to redeem long- - -
term debt of consolidated
trusts
Payments to redeem debt - -
of consolidated trusts
TARP - payments of cash (2,470,000) -
dividends on senior
preferred stock to Treasury
Payments of cash dividends - (1,805,000)
on common & preferred
stock
Proceeds from issuance of - 7,211,000
common & preferred stock
TARP - proceeds from 59,900,000 -
senior preferred stock
purchase agreement with
Treasury
Net change in federal funds (54,000) (266,000)
purchased & securities sold
under agreements to
repurchase
Other financing activities, - -
net
Net cash flows from (42,947,000) 70,646,000
financing activities
Net increase (decrease) in (11,121,000) 13,992,000
cash & cash equivalents
Cash & cash equivalents at 17,933,000 3,941,000
beginning of period
Cash & cash equivalents at 6,812,000 17,933,000
end of period
Cash paid during the year 26,344,000 35,959,000
for interest
Cash paid during the year 876,000 845,000
for income taxes
Ratios
Exchange rate used is that of the Year End reported date
Profitability Ratios 12/31/2012 12/31/2011 12/31/2010 12/31/2009
ROA % (Net) 0.53 (0.52) (0.69) (8.08)
ROE % (Net) 1,342.47 AvgEqty<0 AvgEqty<0 AvgEqty<0
Net Interest Margin % 16.64 13.49 10.64 36.87
Calculated Tax Rate % - EBT<0 EBT<0 EBT<0
Revenue per Employee 17,622,552 19,635,857 21,071,918 4,844,167
Executives
Officers
Philip A. Laskawy
Title : Chairman
Tenure : 5 Age : 71
Total Compensation : $300,000 %Change : 0.03
Education : -
Timothy J. Mayopoulos
Title : President
Tenure : 4 Age : 53
Total Compensation : $2,469,492 %Change : -0.07
Education : -
Kenneth J. Bacon
Title : Executive Vice President
Tenure : 8 Age : 58
Total Compensation : $2,982,720 %Change : 0.02
Education : -
David C. Benson
Title : Executive Vice President
Tenure : 11 Age : 53
Total Compensation : $2,482,278 %Change : -0.26
Education : -
Terence W. Edwards
Title : Executive Vice President
Tenure : 4 Age : 57
Total Compensation : $2,275,623 %Change : -
Education : -
Edward G. Watson
Title : Executive Vice President
Tenure : 4 Age : 51
Total Compensation : $- %Change : -
Education : -
Linda K. Knight
Title : Executive Vice President
Tenure : 31 Age : 62
Total Compensation : $- %Change : -
Education : -
Michael A. Shaw
Title : Executive Vice President
Tenure : 7 Age : 65
Total Compensation : $- %Change : -
Education : -
John R. Nichols
Title : Executive Vice President
Tenure : 2 Age : 50
Total Compensation : $- %Change : -
Education : -
Zachary Oppenheimer
Title : Senior Vice President
Tenure : 30 Age : 53
Total Compensation : $- %Change : -
Education : -
Directors
Philip A. Laskawy
Title : Chairman
Tenure : 5 Age : 71
Total Compensation : $300,000 %Change : 0.03
Education : -
Timothy J. Mayopoulos
Title : Director
Tenure : 4 Age : 53
Total Compensation : $2,469,492 %Change : -0.07
Education : -
Robert H. Herz
Title : Director
Tenure : 2 Age : 59
Total Compensation : $- %Change : -
Education : -
Dennis R. Beresford
Title :
Tenure : 7 Age : 74
Total Compensation : $185,000 %Change : 0.00
Education : -
W. Thomas Forrester
Title :
Tenure : 5 Age : 64
Total Compensation : $170,000 %Change : 0.00
Education : -
Brenda J. Gaines
Title :
Tenure : 7 Age : 63
Total Compensation : $180,000 %Change : 0.00
Education : -
Charlynn Goins
Title :
Tenure : 5 Age : 70
Total Compensation : $170,000 %Change : -0.05
Education : -
Frederick B. Harvey
Title :
Tenure : 5 Age : 63
Total Compensation : $180,000 %Change : 0.10
Education : -
Jonathan Plutzik
Title :
Tenure : 4 Age : 58
Total Compensation : $170,000 %Change : 7.69
Education : -
David H. Sidwell
Title :
Tenure : 5 Age : 59
Total Compensation : $170,000 %Change : 0.00
Education : -
Executive Compensation
Officers
Philip A. Laskawy
Compensation History
Timothy J. Mayopoulos
Compensation History
Kenneth J. Bacon
Compensation History
Year Values in USD 2009 2008
Salary 550,800 527,262
Bonus 1,069,600 670,000
Stock Awards N/A 1,999,998
Option Awards N/A 9,099
Non-Equity Incentive Plan 1,017,000 N/A
Compensation
Change in Pension Value & Non- 288,324 271,981
Qualified Deferred Comp. Earni
All Other Compensation 56,996 58,800
Total Compensation 2,982,720 3,537,140
David C. Benson
Compensation History
Terence W. Edwards
Compensation History
Edward G. Watson
Linda K. Knight
Michael A. Shaw
John R. Nichols
Zachary Oppenheimer
Andrew J. Bon Salle
Directors
Philip A. Laskawy
Compensation History
Timothy J. Mayopoulos
Compensation History
Robert H. Herz
Dennis R. Beresford
Compensation History
W. Thomas Forrester
Compensation History
Brenda J. Gaines
Compensation History
Charlynn Goins
Compensation History
Frederick B. Harvey
Compensation History
Compensation History
Jonathan Plutzik
Compensation History
David H. Sidwell
Compensation History
Insider Holdings
Holdings Summary
Total Insiders 55
Total Direct Shares 3,075,614
Total Indirect Shares 231,909
% Held By Insiders 0.27%
Insider Trades
All Available
- Direct
- Indirect