The attached chart provides information regarding delinquent loans backing our CL prefix MBS and our non-CL prefix MBS. The information is categorized by MBS pass-through rates with corresponding product type and vintage information (year of MBS issuance). The chart shows the total scheduled unpaid principal balances of loans that were delinquent as to four or more consecutive monthly payments as of October 31, 2010, those balances as a percentage of total scheduled unpaid principal balances of all loans in the related MBS as of that date, and delinquent loan count. The disclosure includes seven categories of conventional fixed-rate mortgage loan product (organized by MBS prefix), two categories of conventional adjustable-rate mortgage loan product, and an additional category (designated as "other") that includes all remaining loan products.
The scheduled unpaid principal balance of single-family MBS loans that were delinquent as to four or more consecutive monthly payments as of October 31, 2010 was approximately $8.3 billion, compared to approximately $8.3 billion as of September 30, 2010.
Market participants should consult our June 1, 2009 MBS Prospectus for additional information regarding our trust agreement provisions and servicing practices regarding troubled loans, including purchases of delinquent loans from MBS trusts.
Note: Since the data contained in the chart is as of October 31, 2010, the chart includes delinquent loans which may have been purchased from MBS in November 2010.