gage Product, 1008 — 2Q10 CO ee = Other Non-Conventional Non- $6,000 -_- SSubprime Conventional , BAItA Mortgages = = Interest Only 30% of Fannie = Conventional Mae’s Total 4 Loan Guarantee Balance, But Causing 70-80% Quarterly Credit Losses ($MM) of Losses Owing to Lower Loan Quality 1908 2008 3008 49008 1Q09 2