Year Ended December 31, 2013 | Year Ended December 31, 2012 | ||||||||||||
# of Loans | Post-TDR Recorded Investment | # of Loans | Post-TDR Recorded Investment | ||||||||||
(dollars in millions) | |||||||||||||
Single-family(1) | |||||||||||||
20 and 30-year or more, amortizing fixed-rate(2) | 101,538 | $ | 16,014 | 177,930 | $ | 27,076 | |||||||
15-year amortizing fixed-rate | 11,671 | 825 | 17,549 | 1,176 | |||||||||
Adjustable-rate(3) | 3,604 | 574 | 6,496 | 977 | |||||||||
Alt-A, interest-only, and option ARM(4) | 17,770 | 3,941 | 35,012 | 7,834 | |||||||||
Total Single-family | 134,583 | 21,354 | 236,987 | 37,063 | |||||||||
Multifamily | 8 | 98 | 20 | 202 | |||||||||
Total | 134,591 | $ | 21,452 | 237,007 | $ | 37,265 | |||||||
(1) | The pre-TDR recorded investment for single-family loans initially classified as TDR during the years ended December 31, 2013 and 2012, was $21.2 billion and $37.0 billion, respectively. During the third quarter of 2012, we changed the treatment of single-family loans discharged in Chapter 7 bankruptcy to classify these loans as TDRs, regardless of the borrowers’ payment status and when the loans were not already classified as TDRs for other reasons. As a result, the 2012 period reflects the initial classification of such loans as TDRs. |
(2) | See endnote (3) of “Table 4.2 — Recorded Investment of Held-For-Investment Mortgage Loans, by LTV Ratio.” |
(3) | Includes balloon/reset mortgage loans. |
(4) | See endnote (5) of “Table 4.2 — Recorded Investment of Held-For-Investment Mortgage Loans, by LTV Ratio.” |