department of defense agency financial report fiscal year 2012

Department of Defense Agency Financial Report for FY 2012
Loans receivable, net, or value of assets related to loans, is not the same as the proceeds the
Department would expect to receive from selling the loans.
Interest receivable is calculated using the interest earned method.
Total Amount of Direct Loans Disbursed Dollars in Millions
2012 2011
Direct Loan Programs
Military Housing Privatization Initiative $ 261.1 $ 304.8
Total $ 261.1 $ 304.8
Subsidy Expense for Direct Loan by Program Dollars in Millions
2012
New Direct Loans Disbursed
Interest
Differential
Defaults Fees Other Total
Military Housing Privatization Initiative $ 21.3 $ 22.2 $ 0.0 $ 0.0 $ 43.5
Total $ 21.3 $ 22.2 $ 0.0 $ 0.0 $ 43.5
2011
New Direct Loans Disbursed
Interest
Differential
Defaults Fees Other Total
Military Housing Privatization Initiative $ 30.3 $ 27.3 $ 0.0 $ 0.0 $ 57.6
Total $ 30.3 $ 27.3 $ 0.0 $ 0.0 $ 57.6
2012
Modifications
Interest Rate
Reestimates
Technical
Reestimates
Total
Reestimates
Total
Direct Loan Modifications and Reestimates
Military Housing Privatization Initiative $ 0.0 $ (9.6) $ (4.1) $ (13.7) $ (13.7)
Total $ 0.0 $ (9.6) $ (4.1) $ (13.7) $ (13.7)
2011
Modifications
Interest Rate
Reestimates
Technical
Reestimates
Total
Reestimates
Total
Direct Loan Modifications and Reestimates
Military Housing Privatization Initiative $ 0.0 $ (5.5) $ (30.8) $ (36.3) $ (36.3)
Total $ 0.0 $ (5.5) $ (30.8) $ (36.3) $ (36.3)
Total Direct Loan Subsidy Expense:
2012 2011
Military Housing Privatization Initiative $ 29.8 $ 21.3
Total $ 29.8 $ 21.3
Subsidy Expense for Direct Loan by Program Dollars in Millions
As of September 30
Interest
Differential
Defaults Fees Other Total
Budget Subsidy Rates for Direct Loans
Military Housing Privatization Initiative -7.26% 10.35% 0.00% 0.00% 3.09%
Subsidy rates pertain to the loan agreements contracted during the current fiscal year.
These rates cannot be applied to the direct loans disbursed during the current reporting
year to yield the subsidy expense. The subsidy expense for new loans disbursed in the
current year results from disbursements of loans from current and prior year loan
agreements. The subsidy expense reported in the current year also includes reestimates.
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Financial Information