Annual Mortgage 

Report 2022
Table 1A: Fannie Mae's Mortgage Purchases by Mortgage Type and Housing Goal Status Summary Table 

on Single-Family Housing Goal Performance | For Calendar Year 2022

Total Qualifying Total Qualifying Very Total Qualifying Low- Qualifying Low-Income Qualifying Minority Total Qualifying Low- All Mortgage

Mortgages Low-Income Mortgages Low-Income Mortgages Income Area Census Tracts Census Tracts Mortgages Low-Income Purchases

Eligible To Purchase Eligible To Purchase Eligible To Purchase Purchase Purchase Eligible To Refinance

Qualify As Money Qualify As Very Money Qualify As Low- Money Goal Money Money Qualify As Mortgages1

Low-Income Mortgages Low-Income Mortgages Income Area Mortgages Subgoal Subgoal Low-Income

Purchase Purchase Purchase Mortgages Mortgages Refinance1

Money Money Money

Purchase of Single-Family Mortgages

 Owner-Occupied 1-Unit Properties/Mortgages:

 UPB ($ Millions) $339,343 $60,570 $339,343 $10,836 $339,343 $81,647 $29,454 $34,514 $213,038 $51,307 $570,214 

 Number of Mortgages 1,009,843 277,063 1,009,843 69,478 1,009,843 297,256 93,209 135,906 795,181 275,878 1,864,262

 Owner-Occupied 2-4 Unit Properties/Mortgages:

 UPB ($ Millions) $2,764 $408 $2,764 $66 $2,764 $1,365 $790 $481 $3,187 $790 $5,952 

 Number of Mortgages 6,528 1,736 6,528 441 6,528 3,484 1,655 1,568 8,453 3,142 14,981

Total Single-Family Owner-Occupied Mortgages in 1-4 Unit 

Properties:

 UPB ($ Millions) $342,107 $60,978 $342,107 $10,902 $342,107 $83,013 $30,244 $34,995 $216,225 $52,097 $576,166 

 Number of Mortgages 1,016,371 278,799 1,016,371 69,919 1,016,371 300,740 94,864 137,474 803,634 279,020 1,879,243

Goals Performance

 Fannie Mae's Single-Family Goals 28% 7% 20% 26%

 Goals Performance Percentage 27.43% 6.88% 29.59% 34.72%

 Fannie Mae's Single-Family Subgoal 4% 10%

 Subgoal Performance Percentage 9.33% 13.53%

1

Make Home Affordable Modification loans are included in all Single-Family tables where applicable. An Enterprise's modification of a loan in accordance with the Make Home Affordable program announced on March 4, 2009, that is held in the Enterprise's portfolio or that is in a 

pool backing a security guaranteed by the Enterprise, shall be treated as a purchase of a refinance mortgage for the purposes of the housing goals.

Table 1A

Fannie Mae's Mortgage Purchases by Mortgage Type and Housing Goal Status

Summary Table on Single-Family Housing Goal Performance

For Calendar Year 2022

Mortgages may count toward more than one goal. On certain tables, sum of entries may not equal totals due to rounding.

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 2
Table 1B: Fannie Mae's Mortgage Purchases by Property Size and Housing Goal Status Summary Table 

on Multifamily Housing Goal Performance | For Calendar Year 2022

All Mortgage 

Purchases

Purchases of Multifamily Mortgages

Multifamily 5-50 Unit Properties: 

UPB ($ Million) $1,861 $900 $2,482

Number of Mortgages 457 313 504

Number of Properties 981 804 1,031

Number of Units 21,436 11,744 24,696

Multifamily > 50 Unit Properties:

UPB ($ Million) $39,565 $9,199 $60,698

Number of Mortgages 2,487 1,772 2,593

Number of Properties 2,501 1,783 2,607

Number of Units 395,600 114,462 517,651

Missing Affordability Data Adjustments

Rental Unit Affordability Estimation 

Eligible Units Qualifying Units Eligible Units Qualifying Units

Units in Multifamily Properties:

Number of Units with Missing Data 4,177 4,177 N/A

Units Where Rent Estimation is Not Possible 0 0 N/A

Units Where Rent Estimation is Possible 4,177 4,177 N/A

Large (>50 unit) properties 4,137 2,325 4,137 1,699 N/A

Small (5-50 unit) properties 40 0 40 0 N/A

Not Subject to Cap 4,177 2,325 4,177 1,699 N/A

Subject to Cap N/A

5% Cap 27,117 27,117 N/A

Adjustments to Number of Units for:

Missing Data 2,325 1,699 N/A

Total Multifamily:

UPB ($ Million) $41,426 $10,098 $63,180

Number of Mortgages 2,936 2,077 3,089

Number of Mortgages with both 5-50 and >50 Unit 0 0

Number of Properties 3,482 2,587 3,638

Number of Units 417,036 126,206 542,347

Number of Units (Adjusted) 419,361 127,905 542,347

Goals Performance

Fannie Mae's Multifamily Goals (units) 415,000 88,000

Goal Performance (units) 419,361 127,905

Fannie Mae's Small Multifamily Goals (units) 17,000

Goal Performance (units) 21,436

Mortgages, properties, and units may count toward more than one goal. On certain tables, sum of entries may not equal totals, due to rounding.

Table 1B

Fannie Mae's Mortgage Purchases by Property Size and Housing Goal Status

Summary Table on Multifamily Housing Goal Performance

For Calendar Year 2022

Qualifying Low-Income Purchases Qualifying Very Low-Income 

Purchases

© 2023 Fannie Mae Annual Mortgage Report 2022 3
Table 1C: Fannie Mae's Mortgage Purchases by Mortgage Type and Housing Goal Status Mortgages from 

At-Risk Loans that were Modified | For Calendar Year 2022

Total Mortgages Eligible Qualifying Low-Income All Mortgage Purchases

To Qualify as Refinance Mortgages1

Low-Income Refinance1

Purchase of Loan Modifications of At-Risk Mortgages

 Owner-Occupied 1-Unit Properties/Mortgages:

 UPB ($ Millions) $0 $0 $0 

 Number of Mortgages 0 0 0

 Owner-Occupied 2-4 Unit Properties/Mortgages:

 UPB ($ Millions) $0 $0 $0 

 Number of Mortgages 0 0 0

 Total Loan Modifications of At-Risk Mortgages:

 UPB ($ Millions) $0 $0 $0 

 Number of Mortgages 0 0 0

Table 1C

Fannie Mae's Mortgage Purchases by Mortgage Type and Housing Goal Status

Mortgages from At-Risk Loans that were Modified

For Calendar Year 2022

#Fannie Mae Confidential

Table 1D: Distribution of Rental Units Financed by Purchases of Mortgages on Single-Family Rental 

Properties Summary Table on Single-Family Housing Goal Performance | For Calendar Year 2022

Low-Income Units Very Low-Income Units Total Units Financed

Purchases of Single-Family Mortgages

 Owner-Occupied 2-4 Unit Properties/Mortgages:

 UPB ($ Millions) $1,578 $356 $3,217 

 Number of Mortgages 9,299 2,803 14,981

 Number of Units 11,288 3,308 18,331

 Investor Owned 1-4 Unit Properties/Mortgages:

 UPB ($ Millions) $12,325 $2,410 $38,714 

 Number of Mortgages 68,774 15,932 157,772

 Number of Units 92,252 23,338 190,336

Total Single-Family:

 UPB ($ Millions) $13,903 $2,765 $41,931 

 Number of Mortgages 78,073 18,735 172,753

 Number of Units 103,540 26,646 208,667

Mortgages and units may count toward more than one reporting category. On certain tables, sum of entries may not equal totals, due to rounding.

Table 1D

Distribution of Rental Units Financed by Purchases of Mortgages on Single-Family Rental Properties

Summary Table on Single-Family Housing Goal Performance

For Calendar Year 2022

© 2023 Fannie Mae Annual Mortgage Report 2022 4
Table 2: Distribution of Single-Family Owner-Occupied Mortgages Purchased by Fannie Mae By Income 

Class of Mortgagor(s) | For Calendar Year 2022

Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Income No More Than 50% of Median Income1

 $UPB(Millions) $10,902 $10,902 $6,609 $12,473 $10,974 $12,499 $23,472 

 Number of Mortgages 69,919 69,919 41,889 86,315 70,440 86,494 156,934

 Portion of Qualifying or Total Mortgages Acquired 25.08% 100.00% 13.93% 30.94% 6.63% 10.58% 8.35%

Income More Than 50% But No More Than 60% of Median Income

 $UPB(Millions) $12,414 $0 $6,980 $10,946 $12,489 $10,972 $23,461 

 Number of Mortgages 60,480 0 33,539 59,541 60,961 59,707 120,668

 Portion of Qualifying or Total Mortgages Acquired 21.69% 0.00% 11.15% 21.34% 5.74% 7.30% 6.42%

Income More Than 60% But No More Than 80% of Median Income

 $UPB(Millions) $37,662 $0 $20,408 $28,678 $37,985 $28,779 $66,765 

 Number of Mortgages 148,400 0 79,413 133,164 150,125 133,748 283,873

 Portion of Qualifying or Total Mortgages Acquired 53.23% 0.00% 26.41% 47.73% 14.14% 16.36% 15.11%

Income More Than 80% But No More Than 100% of Median Income

 $UPB(Millions) $0 $0 $24,058 $0 $46,969 $31,288 $78,257 

 Number of Mortgages 0 0 78,243 0 155,079 125,193 280,272

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 26.02% 0.00% 14.61% 15.31% 14.91%

Income More Than 100% But No More Than 120% of Median Income

 $UPB(Millions) $0 $0 $7,012 $0 $47,799 $28,643 $76,442 

 Number of Mortgages 0 0 21,045 0 139,454 102,247 241,701

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 7.00% 0.00% 13.13% 12.51% 12.86%

Income More Than 120% of Median Income

 $UPB(Millions) $0 $0 $17,946 $0 $199,802 $107,967 $307,769 

 Number of Mortgages 0 0 46,611 0 485,700 310,095 795,795

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 15.50% 0.00% 45.74% 37.93% 42.35%

Missing

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

All Income Levels2

 $UPB(Millions) $60,978 $10,902 $83,013 $52,097 $356,018 $220,148 $576,166 

 Number of Mortgages 278,799 69,919 300,740 279,020 1,061,759 817,484 1,879,243

 Portion of Qualifying or Total Mortgages Acquired 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

1

Throughout the AMR, the term “Median Income” refers to area median income, which is calculated and provided by FHFA annually. See 12 USC § 4502(15).

Table 2

Distribution of Single-Family Owner-Occupied Mortgages

Purchased by Fannie Mae

By Income Class of Mortgagor(s)

For Calendar Year 2022

#Fannie Mae Confidential

2

Includes "Missing."

© 2023 Fannie Mae Annual Mortgage Report 2022 5
Table 3A: Distribution of Rental Units Financed by Multifamily Mortgages Purchased by Fannie Mae | For 

Calendar Year 2022

Qualifying Low-Income 

Purchases

Qualifying Very LowIncome PurchasesTotal Units Financed

Affordable At No More Than 30% of Median Income

$UPB(MILLIONS) $3,608 $3,608 $3,608

Number of Units 34,076 34,076 34,076

8.17% 27% 6.28%

Affordable At More Than 30% But No More than 50% of Median Income

$UPB(MILLIONS) $6,490 $6,490 $6,490

Number of Units 92,130 92,130 92,130

22.09% 73% 16.99%

Affordable At More Than 50% But No More than 60% of Median Income

$UPB(MILLIONS) $10,554 $10,554

Number of Units 117,401 117,401

28.15% 21.65%

Affordable At More Than 60% But No More than 80% of Median Income

Units in Multifamily Properties: $20,773 $20,773

Number of Units 173,429 173,429

41.59% 31.98%

Affordable At More Than 80% But No More than 100% of Median Income

$UPB(MILLIONS) $11,099

Number of Units 74,679

13.77%

Affordable At More Than 100% But No More than 120% of Median Income

$UPB(MILLIONS) $4,809

Number of Units 26,364

4.86%

Affordable At More Than 120% of Median Income

$UPB(MILLIONS) $4,897

Number of Units 20,091

3.70%

Tenant Rent Missing

$UPB(MILLIONS) $949

Number of Units 4,177

0.77%

All Income Levels2

$UPB(MILLIONS) $41,426 $10,098 $63,180

Number of Units 417,036 126,206 542,347

Portion of Qualifying or Total Units Financed 100% 100% 100%

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

1

Based on actual rents before affordability estimation. Units where affordability was estimated, including all units in senior housing facilities and cooperatives, are included in

"Tenant Rent Missing."

2

Includes "Tenant Rent Missing."

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Portion of Qualifying or Total Units Financed

Table 3A

Distribution of Rental Units

Financed by Multifamily Mortgages Purchased by Fannie Mae

For Calendar Year 2022

© 2023 Fannie Mae Annual Mortgage Report 2022 6
Table 3B: Distribution of Rental Units Financed by Purchases of Mortgages on Single-Family Rental 

Properties By Affordability of Rent1 | For Calendar Year 2022

Low-Income Units Very Low-Income Units Total Units Financed

Affordable At No More Than 30% of Median Income

 UPB ($ Millions) $871 $871 $871 

 Number of Units 4,760 4,760 4,760

 Portion of Low-Income, Very Low-Income, or Total Units Financed 4.60% 17.86% 2.28%

Affordable At More Than 30% But No More than 50% of Median Income

 UPB ($ Millions) $1,894 $1,894 $1,894 

 Number of Units 21,886 21,886 21,886

 Portion of Low-Income, Very Low-Income, or Total Units Financed 21.14% 82.14% 10.49%

Affordable At More Than 50% But No More than 60% of Median Income

 UPB ($ Millions) $2,623 $2,623 

 Number of Units 23,350 23,350

 Portion of Low-Income, Very Low-Income, or Total Units Financed 22.55% 11.19%

Affordable At More Than 60% But No More than 80% of Median Income

 UPB ($ Millions) $8,515 $8,515 

 Number of Units 53,544 53,544

 Portion of Low-Income, Very Low-Income, or Total Units Financed 51.71% 25.66%

Affordable At More Than 80% But No More than 100% of Median Income

 UPB ($ Millions) $9,787 

 Number of Units 44,391

 Portion of Low-Income, Very Low-Income, or Total Units Financed 21.27%

Affordable At More Than 100% But No More than 120% of Median Income

 UPB ($ Millions) $6,814 

 Number of Units 25,093

 Portion of Low-Income, Very Low-Income, or Total Units Financed 12.03%

Affordable At More Than 120% of Median Income

 UPB ($ Millions) $9,611 

 Number of Units 27,158

 Portion of Low-Income, Very Low-Income, or Total Units Financed 13.01%

Tenant Rent Missing

 UPB ($ Millions) $1,816 

 Number of Units 8,485

 Portion of Low-Income, Very Low-Income, or Total Units Financed 4.07%

All Income Levels2

 UPB ($ Millions) $13,903 $2,765 $41,931 

 Number of Units 103,540 26,646 208,667

 Portion of Low-Income, Very Low-Income, or Total Units Financed 100.00% 100.00% 100.00%

1

Based on actual rents before affordability estimation. Units where affordability was estimated are included in "Tenant Rent Missing."

2

Includes "Tenant Rent Missing."

Table 3B

Distribution of Rental Units

Financed by Purchases of Mortgages on Single-Family

Rental Properties By Affordability of Rent1

For Calendar Year 2022

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 7
Table 4: Fannie Mae Single-Family Owner-Occupied Mortgage Purchases Qualifying for the Low-Income 

Area Purchase Goal by Method of Qualification | For Calendar Year 2022

Family Income <= Family Income > Family Income <= Family Income > Qualifying Low- Total Mortgages

100% of Area 

Median

100% of Area 

Median

100% of Area

Median

100% of Area

Median

Income Area 

Purchase Money

Mortgages

Eligible To 

Qualify As

Low-Income Area

Purchase Money

Tract Income <= 80% of Area Median

 $UPB(Millions) $6,622 $9,021 $18,549 $15,936 $50,128 $50,128 

 Number of Mortgages 28,204 22,759 79,986 44,897 175,846 175,846

 Percentage of Eligible 16.04% 12.94% 45.49% 25.53% 100.00% 100.00%

80% < Tract Income < 100% of Area Median and Tract >= 30% Minority

 $UPB(Millions) $4,528 $0 $10,582 $0 $15,110 $37,824 

 Number of Mortgages 16,983 0 39,509 0 56,492 113,652

 Percentage of Eligible 14.94% 0.00% 34.76% 0.00% 49.71% 100.00%

80% < Tract Income < 100% of Area Median and Tract < 30% Minority

 $UPB(Millions) $2,347 $0 $0 $0 $2,347 $30,654 

 Number of Mortgages 10,839 0 0 0 10,839 113,100

 Percentage of Eligible 9.58% 0.00% 0.00% 0.00% 9.58% 100.00%

Tract Income >= 100% of Area Median1

 $UPB(Millions) $15,427 $0 $0 $0 $15,427 $223,501 

 Number of Mortgages 57,563 0 0 0 57,563 613,773

 Percentage of Eligible 9.38% 0.00% 0.00% 0.00% 9.38% 100.00%

Total

 $UPB(Millions) $28,924 $9,021 $29,131 $15,936 $83,013 $342,107 

 Number of Mortgages 113,589 22,759 119,495 44,897 300,740 1,016,371

 Percentage of Eligible 11.18% 2.24% 11.76% 4.42% 29.59% 100.00%

Table 4

Fannie Mae Single-Family Owner-Occupied Mortgage Purchases

Qualifying for the Low-Income Area Purchase Goal

by Method of Qualification

For Calendar Year 2022

1

Includes tracts with missing median incomes or missing percent minority.

Tract is in a Designated Disaster Area Tract is not in a Designated Disaster 

Area

#Fannie Mae Confidential © 2023 Fannie Mae Annual Mortgage Report 2022 8
Table 5A: Distribution of Single-Family Owner-Occupied Mortgage Purchases By Race of Borrower(s) on 

Loan Application1 | For Calendar Year 2022

Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

American Indian or Alaskan Native2

 $UPB(Millions) $360 $76 $506 $313 $1,588 $961 $2,548 

 Number of Mortgages 1,769 530 2,005 1,756 5,202 4,072 9,274

 

 Portion of Qualifying or Total Mortgages Acquired 0.63% 0.76% 0.67% 0.63% 0.49% 0.50% 0.49%

 

Asian2

 $UPB(Millions) $5,463 $797 $9,149 $2,446 $39,220 $13,369 $52,589 

 Number of Mortgages 19,174 4,031 26,001 9,692 93,545 36,153 129,698

 

 Portion of Qualifying or Total Mortgages Acquired 6.88% 5.77% 8.65% 3.47% 8.81% 4.42% 6.90%

 

Black or African American2

 $UPB(Millions) $3,960 $813 $6,073 $3,826 $17,769 $11,870 $29,639 

 Number of Mortgages 17,555 5,003 22,641 21,007 54,003 48,684 102,687

 

 Portion of Qualifying or Total Mortgages Acquired 6.30% 7.16% 7.53% 7.53% 5.09% 5.96% 5.46%

 

Native Hawaiian or Other Pacific Islander2

 $UPB(Millions) $117 $23 $205 $161 $668 $581 $1,249 

 Number of Mortgages 487 135 647 665 1,779 1,782 3,561

 

 Portion of Qualifying or Total Mortgages Acquired 0.17% 0.19% 0.22% 0.24% 0.17% 0.22% 0.19%

 

White - Hispanic or Latino3

 $UPB(Millions) $7,826 $1,470 $13,243 $5,811 $39,535 $20,790 $60,325 

 Number of Mortgages 33,598 8,545 46,536 28,270 117,322 76,096 193,418

 

 Portion of Qualifying or Total Mortgages Acquired 12.05% 12.22% 15.47% 10.13% 11.05% 9.31% 10.29%

 

White - Non Hispanic or Latino

 $UPB(Millions) $34,483 $6,240 $39,806 $28,791 $196,935 $125,805 $322,740 

 Number of Mortgages 168,028 42,448 155,097 163,385 621,554 485,663 1,107,217

 

 Portion of Qualifying or Total Mortgages Acquired 60.27% 60.71% 51.57% 58.56% 58.54% 59.41% 58.92%

 

Two or More Minority Races4

 $UPB(Millions) $125 $21 $208 $97 $704 $318 $1,022 

 Number of Mortgages 502 127 671 443 1,857 1,088 2,945

 

 Portion of Qualifying or Total Mortgages Acquired 0.18% 0.18% 0.22% 0.16% 0.17% 0.13% 0.16%

 

Joint - either Borrower or Co-Borrower are of a Minority Group5

 $UPB(Millions) $636 $54 $1,712 $449 $9,454 $3,873 $13,328 

 Number of Mortgages 2,552 319 5,110 2,131 24,048 12,322 36,370

 

 Portion of Qualifying or Total Mortgages Acquired 0.92% 0.46% 1.70% 0.76% 2.26% 1.51% 1.94%

 

Information not Provided by Borrower or Co-Borrower6

 $UPB(Millions) $6,973 $1,211 $10,588 $9,551 $44,167 $39,498 $83,664 

 Number of Mortgages 30,346 7,500 36,495 48,460 124,598 141,127 265,725

 

 Portion of Qualifying or Total Mortgages Acquired 10.88% 10.73% 12.14% 17.37% 11.74% 17.26% 14.14%

 

Not Applicable

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 

Data not Provided by Loan Seller7

 $UPB(Millions) $1,033 $197 $1,522 $653 $5,980 $3,082 $9,062 

 Number of Mortgages 4,788 1,281 5,537 3,211 17,851 10,497 28,348

 

 Portion of Qualifying or Total Mortgages Acquired 1.72% 1.83% 1.84% 1.15% 1.68% 1.28% 1.51%

 

Total

 $UPB(Millions) $60,978 $10,902 $83,013 $52,097 $356,018 $220,148 $576,166 

 Number of Mortgages 278,799 69,919 300,740 279,020 1,061,759 817,484 1,879,243

 

 Portion of Qualifying or Total Mortgages Acquired 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

 

Table 5A

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Race of Borrower(s) on Loan Application1

For Calendar Year 2022

Table 5A continues on next page.

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 9
Table 5A: Distribution of Single-Family Owner-Occupied Mortgage Purchases By Race of Borrower(s) on 

Loan Application1 | For Calendar Year 2022

1

Borrowers are asked to report both Race and Ethnicity. Race associated with the loan is based on data for the borrower and, if any, co-borrower. Borrower and co-borrower may be 

identified with any combination of, and up to, 5 race categories. If race is known for one borrower but not the other borrower, the loan is classified according to the known race. A 

loan where one borrower is identified as White and the race of the other borrower is missing, or where both the borrower and co-borrower are identified as White, is categorized in 

one of the two White categories. 

6

This category consists of mortgages where borrower and co-borrower race information is not provided even if ethnicity data are reported.

2

If the borrower and co-borrower are both identified as the same minority race or different minority races, the loan is classified as the race of the borrower.

3

If the loan is classified as White and if either borrower or co-borrower is identified as Hispanic or Latino, the loan is classified as "White - Hispanic or Latino." The category "White - 

Non-Hispanic or Latino" includes loans where borrower and co-borrower are both identified as "Not Hispanic or Latino" or when the ethnicity is missing for both borrowers. Table 5B 

shows the ethnicity distribution of all loans acquired.

4

The loan is classified as "Two or More Minority Races" where: the borrower is identified as two or more minority races and either there is no co-borrower or the co-borrower is 

identified as one or more minority races, or one borrower's race is missing and the other borrower is identified as two or more minority races. 

5

If either the borrower or co-borrower is identified as one or more minority race(s) and the other borrower is identified as White, the loan is classified as "Joint."

7

"Data not Provided by Loan Seller" includes any HMDA new data points submitted by lenders.

For Calendar Year 2022

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Race of Borrower(s) on Loan Application1

Table 5A

#Fannie Mae Confidential © 2023 Fannie Mae Annual Mortgage Report 2022 10
Table 5B: Distribution of Single-Family Owner-Occupied Mortgage Purchases By Ethnicity of Borrower(s) 

on Loan Application1 | For Calendar Year 2022

Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Borrower and Co-Borrower are Hispanic or Latino:

 $UPB(Millions) $9,319 $1,833 $14,924 $7,104 $39,852 $22,072 $61,925 

 Number of Mortgages 40,066 10,688 53,090 34,840 121,085 83,386 204,471

 

 Portion of Qualifying or Total Mortgages Acquired 14.37% 15.29% 17.65% 12.49% 11.40% 10.20% 10.88%

 

Borrower and Co-Borrower are not Hispanic or 

 $UPB(Millions) $43,969 $7,793 $55,743 $35,279 $259,211 $153,573 $412,784 

 Number of Mortgages 204,735 51,125 205,436 194,900 781,302 578,151 1,359,453

 

 Portion of Qualifying or Total Mortgages Acquired 73.43% 73.12% 68.31% 69.85% 73.59% 70.72% 72.34%

 

Joint - Either Borrower or Co-Borrower are Hispanic 

 $UPB(Millions) $736 $61 $2,071 $518 $10,995 $4,756 $15,752 

 Number of Mortgages 3,028 368 6,380 2,470 28,789 15,431 44,220

 

 Portion of Qualifying or Total Mortgages Acquired 1.09% 0.53% 2.12% 0.89% 2.71% 1.89% 2.35%

 

Information not Provided by Borrower or Co-

 $UPB(Millions) $6,204 $1,072 $9,216 $8,683 $41,306 $37,248 $78,554 

 Number of Mortgages 27,358 6,781 31,898 44,227 116,582 131,984 248,566

 

 Portion of Qualifying or Total Mortgages Acquired 9.81% 9.70% 10.61% 15.85% 10.98% 16.15% 13.23%

 

Not Applicable:

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 

Data Not Provided by Loan Seller:4

 $UPB(Millions) $749 $142 $1,059 $513 $4,653 $2,499 $7,152 

 Number of Mortgages 3,612 957 3,936 2,583 14,001 8,532 22,533

 

 Portion of Qualifying or Total Mortgages Acquired 1.30% 1.37% 1.31% 0.93% 1.32% 1.04% 1.20%

 

Total:

 $UPB(Millions) $60,978 $10,902 $83,013 $52,097 $356,018 $220,148 $576,166 

 Number of Mortgages 278,799 69,919 300,740 279,020 1,061,759 817,484 1,879,243

 

 Portion of Qualifying or Total Mortgages Acquired 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

 

4

"Data Not Provided by Loan Seller" includes any HMDA new data points submitted by lenders.

1

If ethnicity is known for one borrower but not the other, loan is classified according to the known ethnicity.

2

Joint means one borrower is of Hispanic or Latino ethnicity and the other is not, in any order.

3

This category consists of mortgages where borrower and co-borrower ethnicity (as Hispanic/Latino or not) information is not provided even if race data are reported.

Table 5B

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Ethnicity of Borrower(s) on Loan Application1

For Calendar Year 2022

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 11
Table 6: Distribution of Single-Family Owner-Occupied Mortgage Purchases By Gender of 

Borrower(s)1 | For Calendar Year 2022

Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

All Male: 

 $UPB(Millions) $24,008 $4,363 $30,239 $18,026 $114,545 $68,533 $183,079 

 Number of Mortgages 109,559 27,569 111,430 95,320 348,173 253,873 602,046

 Portion of Qualifying or Total Mortgages Acquired 39.30% 39.43% 37.05% 34.16% 32.79% 31.06% 32.04%

 

All Female: 

 $UPB(Millions) $22,015 $4,906 $23,586 $17,693 $74,458 $46,308 $120,766 

 Number of Mortgages 105,031 32,203 93,520 99,213 252,041 194,877 446,918

 Portion of Qualifying or Total Mortgages Acquired 37.67% 46.06% 31.10% 35.56% 23.74% 23.84% 23.78%

 

Male and Female: 

 $UPB(Millions) $12,042 $1,110 $24,966 $11,159 $147,614 $83,422 $231,035 

 Number of Mortgages 50,974 6,778 80,667 57,207 405,410 288,338 693,748

 Portion of Qualifying or Total Mortgages Acquired 18.28% 9.69% 26.82% 20.50% 38.18% 35.27% 36.92%

 

Not Applicable: 

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 Portion of Qualifying or Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 

Not Provided: 

 $UPB(Millions) $2,601 $464 $3,783 $4,991 $17,414 $20,710 $38,124 

 Number of Mortgages 11,743 2,981 13,497 26,186 50,157 76,460 126,617

 Portion of Qualifying or Total Mortgages Acquired 4.21% 4.26% 4.49% 9.38% 4.72% 9.35% 6.74%

 

Missing:2

 $UPB(Millions) $311 $58 $439 $228 $1,988 $1,174 $3,162 

 Number of Mortgages 1,492 388 1,626 1,094 5,978 3,936 9,914

 Portion of Qualifying or Total Mortgages Acquired 0.54% 0.55% 0.54% 0.39% 0.56% 0.48% 0.53%

 

Total: 

 $UPB(Millions) $60,978 $10,902 $83,013 $52,097 $356,018 $220,148 $576,166 

 Number of Mortgages 278,799 69,919 300,740 279,020 1,061,759 817,484 1,879,243

 Portion of Qualifying or Total Mortgages Acquired 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

 

2

"Missing" includes any HMDA new data points submitted by lenders.

1

Borrower and co-borrower with a "Not Applicable" or "Not Provided" are placed in the specific gender of the borrower or co-borrower.

Table 6

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Gender of Borrower(s)1

For Calendar Year 2022

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 12
Table 7: Distribution of Single-Family Owner-Occupied Mortgage Purchases By Minority 

Concentration of Census Tract | For Calendar Year 2022

Table 8B: Distribution of Rental Units Financed by Purchases of Mortgages on Single-Family 

Rental Properties by Minority Concentration of Census Tract | For Calendar Year 2022

Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Minority < 10% 29,086 8,391 11,674 28,959 97,187 84,672 181,859

10% <= Minority < 20% 59,656 14,690 34,833 56,268 234,615 176,448 411,063

20% <= Minority < 30% 51,030 12,062 36,837 46,096 208,920 146,104 355,024

30% <= Minority < 50% 65,038 15,480 84,667 60,812 257,129 185,774 442,903

50% <= Minority < 80% 51,710 12,937 87,280 53,079 193,065 146,591 339,656

80% <= Minority <= 100% 22,275 6,358 45,387 33,801 70,741 77,829 148,570

Tract Missing / Unable to Classify 4 1 62 5 102 66 168

Total: 278,799 69,919 300,740 279,020 1,061,759 817,484 1,879,243

Table 7

Distribution of Single-Family Owner-Occupied Mortgage Purchases

By Minority Concentration of Census Tract

For Calendar Year 2022

#Fannie Mae Confidential

Qualifying Low- Qualifying Very Low- Total Units Financed

Income Units Income Units

Minority < 10% 4,949 1,828 8,870

10% <= Minority < 20% 14,182 3,927 27,918

20% <= Minority < 30% 14,072 3,395 30,270

30% <= Minority < 50% 23,135 5,456 50,164

50% <= Minority < 80% 25,510 6,122 52,495

80% <= Minority <= 100% 21,676 5,913 38,844

Tract Missing / Unable to Classify 16 5 106

Total: 103,540 26,646 208,667

Table 8B

Distribution of Rental Units Financed by Purchases of Mortgages on

Single-Family Rental Properties by Minority Concentration of Census Tract

For Calendar Year 2022

Table 8A: Distribution of Fannie Mae's Multifamily Mortgage Purchases By Minority Concentration 

of Census Tract | For Calendar Year 2022

Qualifying Low- Qualifying Very Low- Total Units Financed

Income Units Income Units

Minority < 10% 6,355 2,645 7,707

10% <= Minority < 20% 37,068 12,912 47,924

20% <= Minority < 30% 50,378 12,251 68,329

30% <= Minority < 50% 108,224 27,729 146,847

50% <= Minority < 80% 126,243 32,683 169,862

80% <= Minority < 100% 88,768 37,986 101,678

Total 417,036 126,206 542,347

Table 8A

Distribution of Fannie Mae's Multifamily Mortgage Purchases

By Minority Concentration of Census Tract

For Calendar Year 2022

© 2023 Fannie Mae Annual Mortgage Report 2022 13
Table 9: Distribution of Single-Family Owner-Occupied Mortgage Purchases Minority Percentage of 

Census Tract by Income of Borrower | For Calendar Year 2022

Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Income <=50% of Median Income

 Minority < 10% 8,391 8,391 2,166 9,024 8,489 9,040 17,529

 10% <= Minority < 30% 26,752 26,752 10,176 30,585 26,931 30,651 57,582

 30% <= Minority < 50% 15,480 15,480 12,020 18,602 15,587 18,635 34,222

 50% <= Minority < 80% 12,937 12,937 11,376 16,809 13,038 16,848 29,886

 80% <= Minority <= 100% 6,358 6,358 6,148 11,295 6,388 11,319 17,707

 Tract Missing / Unable to Classify 1 1 3 0 7 1 8

 Subtotal 69,919 69,919 41,889 86,315 70,440 86,494 156,934

50% < Income <=60% of MSA Median Income

 Minority < 10% 6,694 0 1,446 6,209 6,806 6,231 13,037

 10% <= Minority < 30% 24,201 0 8,445 21,926 24,365 21,983 46,348

 30% <= Minority < 50% 13,844 0 9,903 12,941 13,935 12,970 26,905

 50% <= Minority < 80% 11,052 0 9,346 11,263 11,133 11,299 22,432

 80% <= Minority <= 100% 4,689 0 4,399 7,201 4,722 7,223 11,945

 Tract Missing / Unable to Classify 0 0 0 1 0 1 1

 Subtotal 60,480 0 33,539 59,541 60,961 59,707 120,668

60% < Income <=80% of MSA Median Income

 Minority < 10% 14,001 0 2,873 13,726 14,284 13,855 28,139

 10% <= Minority < 30% 59,733 0 19,726 49,853 60,425 50,070 110,495

 30% <= Minority < 50% 35,714 0 24,082 29,269 36,062 29,366 65,428

 50% <= Minority < 80% 27,721 0 22,396 25,007 28,020 25,096 53,116

 80% <= Minority <= 100% 11,228 0 10,333 15,305 11,331 15,357 26,688

 Tract Missing / Unable to Classify 3 0 3 4 3 4 7

 Subtotal 148,400 0 79,413 133,164 150,125 133,748 283,873

80% < Income <=100% of MSA Median Income

 Minority < 10% 0 0 2,489 0 13,393 12,861 26,254

 10% <= Minority < 30% 0 0 20,171 0 63,626 47,859 111,485

 30% <= Minority < 50% 0 0 23,628 0 37,740 27,917 65,657

 50% <= Minority < 80% 0 0 22,057 0 29,165 23,357 52,522

 80% <= Minority <= 100% 0 0 9,898 0 11,153 13,193 24,346

 Tract Missing / Unable to Classify 0 0 0 0 2 6 8

 Subtotal 0 0 78,243 0 155,079 125,193 280,272

100% < Income <=120% of MSA Median Income

 Minority < 10% 0 0 810 0 11,896 10,518 22,414

 10% <= Minority < 30% 0 0 4,083 0 57,763 40,125 97,888

 30% <= Minority < 50% 0 0 4,596 0 34,064 23,371 57,435

 50% <= Minority < 80% 0 0 6,895 0 26,079 18,559 44,638

 80% <= Minority <= 100% 0 0 4,658 0 9,649 9,662 19,311

 Tract Missing / Unable to Classify 0 0 3 0 3 12 15

 Subtotal 0 0 21,045 0 139,454 102,247 241,701

120% MSA Median Income < Income

 Minority < 10% 0 0 1,890 0 42,319 32,167 74,486

 10% <= Minority < 30% 0 0 9,069 0 210,425 131,864 342,289

 30% <= Minority < 50% 0 0 10,438 0 119,741 73,515 193,256

 50% <= Minority < 80% 0 0 15,210 0 85,630 51,432 137,062

 80% <= Minority <= 100% 0 0 9,951 0 27,498 21,075 48,573

 Tract Missing / Unable to Classify 0 0 53 0 87 42 129

 Subtotal 0 0 46,611 0 485,700 310,095 795,795

Borrower Income Missing

 Minority < 10% 0 0 0 0 0 0 0

 10% <= Minority < 30% 0 0 0 0 0 0 0

 30% <= Minority < 50% 0 0 0 0 0 0 0

 50% <= Minority < 80% 0 0 0 0 0 0 0

 80% <= Minority <= 100% 0 0 0 0 0 0 0

 Tract Missing / Unable to Classify 0 0 0 0 0 0 0

 Subtotal 0 0 0 0 0 0 0

Total: 278,799 69,919 300,740 279,020 1,061,759 817,484 1,879,243

Table 9

Distribution of Single-Family Owner-Occupied Mortgage Purchases

Minority Percentage of Census Tract by Income of Borrower

For Calendar Year 2022

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 14
Table 10A: Distribution of Fannie Mae's Single-Family Owner-Occupied Mortgage Purchases By State 

and Territory | For Calendar Year 2022

Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

Alabama 3,473 879 3,694 3,167 13,383 9,692 23,075

Alaska 464 117 608 519 1,425 1,310 2,735

Arizona 7,090 1,284 8,116 11,395 36,259 31,910 68,169

Arkansas 1,728 434 1,738 1,786 7,571 6,037 13,608

California 11,013 1,287 28,204 31,047 90,676 112,732 203,408

Colorado 8,637 1,677 8,800 9,675 32,240 23,224 55,464

Connecticut 4,054 1,267 3,987 2,860 9,550 7,040 16,590

Delaware 1,194 334 1,007 1,249 4,438 3,116 7,554

District of Columbia 665 192 678 569 1,859 1,382 3,241

Florida 16,036 3,061 21,547 18,379 90,480 60,754 151,234

Georgia 9,381 1,944 9,512 10,826 39,903 30,651 70,554

Hawaii 529 97 821 823 2,847 2,636 5,483

Idaho 1,441 219 1,403 2,465 7,924 7,154 15,078

Illinois 16,054 5,410 9,717 9,385 42,683 24,938 67,621

Indiana 9,825 3,250 4,844 7,117 24,727 15,775 40,502

Iowa 4,321 1,602 3,907 2,361 9,206 5,690 14,896

Kansas 2,787 869 1,369 1,803 8,058 4,808 12,866

Kentucky 3,656 1,067 3,056 2,738 10,348 7,078 17,426

Louisiana 2,135 508 3,749 1,700 9,064 6,721 15,785

Maine 715 163 455 1,127 2,672 2,908 5,580

Maryland 8,622 2,595 6,750 7,683 21,118 16,830 37,948

Massachusetts 4,738 1,037 3,514 6,040 14,334 15,044 29,378

Michigan 11,319 3,564 11,443 11,094 33,077 27,768 60,845

Minnesota 11,529 3,811 6,049 7,224 25,351 15,717 41,068

Mississippi 948 205 1,149 1,004 4,969 4,449 9,418

Missouri 7,103 2,277 7,373 5,618 20,477 14,350 34,827

Montana 748 150 515 1,179 3,418 3,600 7,018

Nebraska 2,848 788 3,062 1,832 7,528 4,804 12,332

Nevada 2,837 507 3,307 4,393 15,303 11,985 27,288

New Hampshire 1,337 311 815 1,736 4,041 4,194 8,235

New Jersey 6,834 1,451 8,803 6,310 27,868 21,154 49,022

New Mexico 1,506 378 1,731 1,326 6,712 4,715 11,427

New York 8,151 1,750 11,110 6,507 32,106 25,794 57,900

North Carolina 9,739 2,275 9,752 9,654 41,229 27,925 69,154

North Dakota 647 198 156 463 1,825 1,141 2,966

Ohio 13,004 4,134 8,226 8,646 32,722 21,401 54,123

Oklahoma 2,858 812 4,262 2,104 10,901 7,053 17,954

Oregon 3,540 551 5,757 4,604 17,816 13,164 30,980

Pennsylvania 11,258 3,559 10,915 8,626 34,223 23,020 57,243

Rhode Island 873 173 549 1,031 3,069 2,607 5,676

South Carolina 5,715 1,340 4,825 4,880 22,493 13,842 36,335

South Dakota 1,278 335 1,374 662 3,122 1,848 4,970

Tennessee 6,003 1,292 6,468 6,952 24,758 19,401 44,159

Texas 18,487 2,906 39,364 16,398 105,074 67,480 172,554

Utah 3,680 517 4,399 5,598 15,319 14,132 29,451

Vermont 334 81 185 483 1,220 1,204 2,424

Virginia 10,850 3,053 8,051 8,644 29,274 21,063 50,337

Washington 7,141 1,224 8,759 9,582 30,834 25,882 56,716

West Virginia 890 272 689 803 2,946 2,269 5,215

Wisconsin 8,037 2,551 3,441 6,138 19,446 14,845 34,291

Wyoming 595 152 306 696 1,939 1,741 3,680

Guam 3 0 38 7 43 32 75

Puerto Rico 145 8 329 107 1,790 1,408 3,198

Virgin Islands 4 1 62 5 98 65 163

Other Territories 0 0 0 0 0 0 0

Unable to Geocode 0 0 0 0 3 1 4

Total 278,799 69,919 300,740 279,020 1,061,759 817,484 1,879,243

Table 10A

Distribution of Fannie Mae's Single-Family Owner-Occupied Mortgage Purchases

By State and Territory

For Calendar Year 2022

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 15
Table 10B: Distribution of Fannie Mae's Multifamily Mortgage Purchases by State And Territory | For 

Calendar Year 2022

Qualifying Low- Qualifying Very Low- Total Units Financed

Income Units Income Units

Alabama 8,556 1,780 9,521

Alaska 161 57 309

Arizona 8,721 860 14,665

Arkansas 3,627 1,454 4,331

California 15,538 4,407 35,436

Colorado 11,004 3,182 12,927

Connecticut 4,298 1,601 5,459

Delaware 2,009 288 2,010

District of Columbia 2,708 1,389 3,426

Florida 11,721 2,459 30,685

Georgia 17,706 3,290 23,837

Hawaii 0 0 72

Idaho 1,310 356 2,131

Illinois 22,435 10,872 25,157

Indiana 12,981 5,527 14,049

Iowa 3,637 2,793 3,741

Kansas 5,478 2,349 5,824

Kentucky 6,848 2,297 8,236

Louisiana 4,075 361 5,630

Maine 215 13 296

Maryland 20,033 8,031 21,279

Massachusetts 3,524 756 5,023

Michigan 13,455 3,593 15,096

Minnesota 5,266 1,987 6,218

Mississippi 2,526 348 2,886

Missouri 8,875 4,857 9,310

Montana 762 124 887

Nebraska 1,766 1,351 1,801

Nevada 2,757 273 6,504

New Hampshire 1,129 53 1,400

New Jersey 5,143 1,454 6,922

New Mexico 1,741 480 2,111

New York 12,687 6,467 21,453

North Carolina 16,663 2,696 21,390

North Dakota 48 45 48

Ohio 24,288 10,035 26,677

Oklahoma 8,273 2,614 9,285

Oregon 5,776 815 6,833

Pennsylvania 12,163 3,839 13,720

Rhode Island 769 98 1,331

South Carolina 6,479 1,812 7,232

South Dakota 306 143 306

Tennessee 13,203 3,484 16,701

Texas 69,803 15,925 86,085

Utah 5,796 944 6,735

Vermont 0 0 0

Virginia 18,763 4,897 21,652

Washington 6,737 1,368 10,004

West Virginia 729 234 925

Wisconsin 3,801 1,840 4,041

Wyoming 747 308 750

Guam 0 0 0

Puerto Rico 0 0 0

Virgin Islands 0 0 0

Other Territories 0 0 0

Unable to Geocode 0 0 0

Total 417,036 126,206 542,347

Table 10B

Distribution of Fannie Mae's

Multifamily Mortgage Purchases by State And Territory

For Calendar Year 2022

© 2023 Fannie Mae Annual Mortgage Report 2022 16
Table 10C: Distribution of Rental Units Financed by Purchases of Mortgages on Single-Family Rental 

Properties by State And Territory | For Calendar Year 2022

Low- Very Low- Total Units Financed

Income Units Income Units

Alabama 1,475 335 2,271

Alaska 362 66 484

Arizona 1,713 340 6,572

Arkansas 1,000 160 1,439

California 7,891 1,406 29,787

Colorado 1,916 302 4,757

Connecticut 2,040 892 2,512

Delaware 282 84 519

District of Columbia 259 65 523

Florida 3,440 565 16,145

Georgia 2,886 502 6,452

Hawaii 165 30 660

Idaho 719 109 1,686

Illinois 5,225 1,885 7,323

Indiana 2,945 1,153 3,735

Iowa 691 298 783

Kansas 881 306 1,125

Kentucky 996 296 1,298

Louisiana 1,055 223 1,870

Maine 363 65 614

Maryland 2,463 530 3,446

Massachusetts 3,538 718 5,006

Michigan 3,712 1,123 4,853

Minnesota 1,855 574 2,319

Mississippi 297 43 671

Missouri 3,212 1,358 3,890

Montana 371 90 670

Nebraska 490 116 679

Nevada 1,066 230 3,381

New Hampshire 548 155 705

New Jersey 4,521 656 8,104

New Mexico 549 124 1,241

New York 4,357 1,318 10,574

North Carolina 3,424 528 7,257

North Dakota 100 50 108

Ohio 6,266 2,739 7,259

Oklahoma 1,455 197 2,216

Oregon 1,307 220 3,139

Pennsylvania 4,736 1,558 6,180

Rhode Island 984 204 1,304

South Carolina 1,254 238 2,736

South Dakota 287 131 384

Tennessee 2,370 386 5,141

Texas 7,270 992 18,676

Utah 1,369 301 3,027

Vermont 143 29 235

Virginia 2,838 524 4,381

Washington 2,568 410 5,575

West Virginia 224 76 330

Wisconsin 3,299 1,814 3,676

Wyoming 316 124 396

Guam 2 1 7

Puerto Rico 29 2 440

Virgin Islands 13 2 103

Other Territories 0 0 0

Unable to Geocode 3 3 3

Total 103,540 26,646 208,667

Table 10C

Distribution of Rental Units Financed by Purchases of Mortgages on

Single-Family Rental Properties by State And Territory

For Calendar Year 2022

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 17
Table 11: Distribution of Single-Family Owner-Occupied Mortgage Purchases1

 By LTV Category | For 

Calendar Year 2022

Qualifying Qualifying Very Qualifying Low- Qualifying Total Purchase Total Refinance Total Mortgages

Low-Income Low-Income Income Area Low-Income Money Mortgages Acquired

Purchase Money Purchase Money Purchase Money Refinance Mortgages Acquired

Mortgages Mortgages Mortgages Mortgages Acquired

0% < LTV <= 60%

 $UPB(Millions) $6,549 $1,670 $5,519 $27,501 $29,642 $95,572 $125,215 

 Number of Mortgages 38,338 12,697 27,806 162,665 117,510 404,964 522,474

 Portion of Total 13.75% 18.16% 9.25% 58.30% 11.07% 49.54% 27.80%

 

60% < LTV <= 80%

 $UPB(Millions) $20,190 $3,335 $26,555 $23,523 $138,817 $118,177 $256,993 

 Number of Mortgages 88,425 20,494 93,296 111,608 394,738 393,167 787,905

 Portion of Total 31.72% 29.31% 31.02% 40.00% 37.18% 48.09% 41.93%

 

80% < LTV <= 90%

 $UPB(Millions) $8,919 $1,381 $13,715 $867 $64,500 $4,929 $69,429 

 Number of Mortgages 37,045 8,225 44,478 3,831 173,247 15,075 188,322

 Portion of Total 13.29% 11.76% 14.79% 1.37% 16.32% 1.84% 10.02%

 

90% < LTV <= 95%

 $UPB(Millions) $13,431 $1,947 $24,099 $201 $92,429 $1,453 $93,882 

 Number of Mortgages 58,163 12,143 80,997 893 262,525 4,219 266,744

 Portion of Total 20.86% 17.37% 26.93% 0.32% 24.73% 0.52% 14.19%

 

95% < LTV <= 100%

 $UPB(Millions) $11,890 $2,569 $13,125 $5 $30,608 $17 $30,624 

 Number of Mortgages 56,828 16,360 54,163 23 113,583 59 113,642

 Portion of Total 20.38% 23.40% 18.01% 0.01% 10.70% 0.01% 6.05%

 

100% < LTV

 $UPB(Millions) $0 $0 $0 $0 $23 $0 $23 

 Number of Mortgages 0 0 0 0 156 0 156

 Portion of Total 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.01%

 

Missing LTV

 $UPB(Millions) $0 $0 $0 $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0 0 0 0

 Portion of Total 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

 

Total

 $UPB(Millions) $60,978 $10,902 $83,013 $52,097 $356,018 $220,148 $576,166 

 Number of Mortgages 278,799 69,919 300,740 279,020 1,061,759 817,484 1,879,243

 Portion of Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

 

1

 Does not include second mortgages and non-applicable categories.

Table 11

Distribution of Single-Family Owner-Occupied Mortgage Purchases1

By LTV Category

For Calendar Year 2022

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 18
Table 12A: Distribution of Single-Family Owner-Occupied Purchase Money Mortgages Acquired by 

Fannie Mae By Income Class and First Time/Repeat Borrower Status | For Calendar Year 2022

First-Time Repeat Buyer Status Total

Borrower Income Buyer Buyer Not Available Mortgages

Mortgages Mortgages Mortgages

Income <= 50% of Area Median Income (AMI)

 $UPB(Millions) $7,755 $3,152 $0 $10,906 

 Number of Mortgages 49,059 20,873 0 69,932

 Portion of Total Mortgages Acquired 9.04% 4.41% 0.00% 6.88%

Income >50% But <= 60% of AMI

 $UPB(Millions) $8,401 $4,013 $0 $12,414 

 Number of Mortgages 40,444 20,036 0 60,480

 Portion of Total Mortgages Acquired 7.45% 4.23% 0.00% 5.95%

Income >60% But <= 80% of AMI

 $UPB(Millions) $24,077 $13,585 $0 $37,662 

 Number of Mortgages 93,300 55,100 0 148,400

 Portion of Total Mortgages Acquired 17.19% 11.63% 0.00% 14.60%

Income >80% But <= 100% of AMI

 $UPB(Millions) 27,540 18,906 0 46,446

 Number of Mortgages 88,707 63,906 0 152,613

 Portion of Total Mortgages Acquired 16.34% 13.49% 0.00% 15.02%

Income >100% But <= 120% of AMI

 $UPB(Millions) $26,183 $20,908 $0 $47,090 

 Number of Mortgages 74,125 62,294 0 136,419

 Portion of Total Mortgages Acquired 13.66% 13.15% 0.00% 13.42%

Income >120% of AMI

 $UPB(Millions) $83,230 $104,359 $0 $187,589 

 Number of Mortgages 197,105 251,422 0 448,527

 Portion of Total Mortgages Acquired 36.32% 53.08% 0.00% 44.13%

Missing

 $UPB(Millions) $0 $0 $0 $0 

 Number of Mortgages 0 0 0 0

 Portion of Total Mortgages Acquired 0.00% 0.00% 0.00% 0.00%

All Income Levels1

 $UPB(Millions) $177,186 $164,922 $0 $342,107 

 Number of Mortgages 542,740 473,631 0 1,016,371

 Portion of Total Mortgages Acquired 100.00% 100.00% 0.00% 100.00%

1

Includes "Borrower Income Missing."

Table 12A

Distribution of Single-Family Owner-Occupied Purchase Money Mortgages

Acquired by Fannie Mae

By Income Class and First Time/Repeat Borrower Status

For Calendar Year 2022

#Fannie Mae Confidential

© 2023 Fannie Mae Annual Mortgage Report 2022 19
Table 12B: Single-Family Owner-Occupied Purchase Money Mortgages Acquired by Fannie Mae by 

First-Time/Repeat Borrower Status, for Mortgages Qualifying and Not Qualifying for the Low-Income 

Census Tracts Purchase SUBGOAL | For Calendar Year 2022

Table 12C: Single-Family Owner-Occupied Purchase Money Mortgages Acquired by Fannie Mae by

First-Time/Repeat Borrower Status, for Mortgages Qualifying and Not Qualifying for the Minority 

Census Tracts Purchase SUBGOAL | For Calendar Year 2022

First-Time Repeat Status of Total

Subgoal Qualifying Status Buyer Buyer Buyer Mortgages

Mortgages Mortgages Not Available

Subgoal-Qualifying Mortgages

 $UPB(Millions) $17,449 $12,795 $0 $30,244 

 Number of Mortgages 55,021 39,843 0 94,864

 Percentage of Total 10.14% 8.41% 0.00% 9.33%

Non-Qualifying Mortgages

 $UPB(Millions) $159,737 $152,127 $0 $311,863 

 Number of Mortgages 487,719 433,788 0 921,507

 Percentage of Total 89.86% 91.59% 0.00% 90.67%

Total Mortgages

 $UPB(Millions) $177,186 $164,922 $0 $342,107 

 Number of Mortgages 542,740 473,631 0 1,016,371

 Percentage of Total 100.00% 100.00% 0.00% 100.00%

Table 12B

Single-Family Owner-Occupied Purchase Money Mortgages Acquired by

Fannie Mae by First-Time/Repeat Borrower Status, for Mortgages Qualifying

and Not Qualifying for the Low-Income Census Tracts Purchase SUBGOAL

For Calendar Year 2022

#Fannie Mae Confidential

First-Time Repeat Status of Total

Subgoal Qualifying Status Buyer Buyer Buyer Mortgages

Mortgages Mortgages Not Available

Subgoal-Qualifying Mortgages

 $UPB(Millions) $25,020 $9,975 $0 $34,995 

 Number of Mortgages 98,023 39,451 0 137,474

 Percentage of Total 18.06% 8.33% 0.00% 13.53%

Non-Qualifying Mortgages

 $UPB(Millions) $152,165 $154,947 $0 $307,113 

 Number of Mortgages 444,717 434,180 0 878,897

 Percentage of Total 81.94% 91.67% 0.00% 86.47%

Total Mortgages

 $UPB(Millions) $177,186 $164,922 $0 $342,107 

 Number of Mortgages 542,740 473,631 0 1,016,371

 Percentage of Total 100.00% 100.00% 0.00% 100.00%

Table 12B

Single-Family Owner-Occupied Purchase Money Mortgages Acquired by

Fannie Mae by First-Time/Repeat Borrower Status, for Mortgages Qualifying

and Not Qualifying for the Minority Census Tracts Purchase SUBGOAL

For Calendar Year 2022

© 2023 Fannie Mae Annual Mortgage Report 2022 20