Federal National Mortgage Association

Earnings data Q4 2019

Earnings data Q1 2020

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Federal National Mortgage Association is a government-sponsored company, which engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. It operates through the Single-Family and Multifamily segments. The Single-Family segment offers liquidity to the mortgage market and increases the availability and affordability of housing for single families. The Multifamily segment includes guaranty fees on mortgages and on multifamily mortgage loans. The company was founded in 1938 and is headquartered in Washington, DC.

CLEVELAND--(BUSINESS WIRE)--AppraisalWorks™, the leading property valuation and valuation management technology provider, today announced the platform provides turnkey support for Fannie Mae's Value Acceptance + Property Data framework.

AppraisalWorks Delivers Valuation Modernization Solutions Backing Fannie Mae Value Acceptance + Property Data Initiative

Both Homebuyers and Home-Sellers Express Caution About Current Market Conditions WASHINGTON , March 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 3.6 points in February to 58.0, breaking a streak of three consecutive monthly increases and returning the index closer to its all-time survey low set in October 2022. Overall, four of the HPSI's six components decreased month over month, most notably those associated with job security and home-selling conditions.

Housing Sentiment Returns to Near-Survey Low Amid Affordability Constraints and Job Security Concerns

Survey will collect energy and water cost and consumption data to update the 1-100 ENERGY STAR® Score and EPA's Water Score for Multifamily Housing WASHINGTON , March 1, 2023 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today announced that it has launched the 2023 Multifamily Energy and Water Survey, a national effort to collect and analyze whole property energy and water consumption and costs from 2022, together with property-specific characteristics, for a wide range of multifamily properties. The U.S. Environmental Protection Agency (EPA) will use the anonymized data to update the 1-100 ENERGY STAR Score and EPA's Water Score for Multifamily Housing, which provide transparency into how a multifamily building's energy or water consumption compares to similar multifamily buildings in the United States.

Fannie Mae Partners with Multifamily Industry to Launch 2023 Multifamily Energy and Water Survey

WASHINGTON , March 1, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2023. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-1 transferred $407.5 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes its First Credit Insurance Risk Transfer Transaction of 2023 on $11.8 Billion of Single-Family Loans

WASHINGTON , Feb. 27, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  January 2023 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.

Fannie Mae Releases January 2023 Monthly Summary

2022 STAR Program Recognizes Servicers for Industry Knowledge, Excellence WASHINGTON , Feb. 16, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the 2022 Servicer Total Achievement and Rewards™ (STAR™) Program results, recognizing 22 mortgage servicers for competency, capacity, and overall performance. For more than a decade, Fannie Mae's STAR Program has identified high-performing mortgage servicers that align with Fannie Mae's business goals and demonstrate leading practices across the mortgage service industry.

Fannie Mae Honors 22 High-Performing Mortgage Servicers

Federal National Mortgage Association (OTCQB:FNMA) Q4 2022 Results Conference Call February 14, 2023 8:00 AM ET Company Participants Pete Bakel - Director, External Communications Priscilla Almodovar - CEO Chryssa Halley - Chief Financial Officer Operator Good day, and welcome to the Fannie Mae Fourth Quarter and Full Year 2022 Financial Results Conference Call. At this time, I will now turn it over to your host, Pete Bakel, Fannie Mae's Director of External Communications.

Federal National Mortgage Association (FNMA) Q4 2022 Earnings Call Transcript

WASHINGTON , Feb. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its fourth quarter and full-year 2022 financial results and filed its 2022 Form 10-K with the Securities and Exchange Commission. The filing provides consolidated financial statements for the year ended December 31, 2022.

Fannie Mae Reports Net Income of $12.9 Billion for 2022 and $1.4 Billion for Fourth Quarter 2022

Federal Home Loan Mortgage Corporation

SCOTUS has already decided on some GSE-related issues but has remanded other issues to the 5th Circuit. Given similar fact situations, they may decide to follow the precedent they set in CFSA v. CFPB. This potential pathway to Fannie & Freddie breaking free of the net worth sweep seems perfectly attuned to the partisan and contentious political environment we live in today.

We Live In Interesting Times: Fannie And Freddie, The SCOTUS Remand, And The 5th Circuit

Company to Host Conference Call WASHINGTON , Feb. 8, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its fourth quarter and full-year 2022 financial results on Tuesday morning, February 14, 2023, before the opening of U.S. financial markets. Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m.

Fannie Mae Announces Scheduled Release of Fourth Quarter and Full-Year 2022 Financial Results

WASHINGTON , Feb. 7, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R02, an approximately $709 million note offering that represents Fannie Mae's second CAS REMIC® transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business.

Fannie Mae Prices $709 Million Connecticut Avenue Securities (CAS) REMIC Deal

Elevated Mortgage Rates and Home Prices Are Dampening Consumer Opinion of Home Purchase Conditions WASHINGTON , Feb. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased for the third consecutive month in January but still remains well below its pre-pandemic highs. Overall, the HPSI rose 0.6 points to 61.6, with three of the index's six components increasing month over month, including those associated with home-selling conditions, home price outlook, and household income.

Unaffordability Continues to Weigh Heavily on Consumer Perceptions of Housing Market

On January 9, 2023, the Supreme Court denied writ of certiorari on the Takings Claim. The potential massive dilution of common shares may seem negative for current common shareholders, but it ultimately maximizes the size of the government's ownership stake.

GSE Preferred Shares Are The Best Play On Admin Reform

WASHINGTON , Jan. 27, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) December 2022 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.

Fannie Mae Releases December 2022 Monthly Summary

Fannie Mae's Multifamily Financing Provided Continued Support for Affordable Housing and Other Market Segments WASHINGTON , Jan. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) provided more than $69 billion in debt financing to support the multifamily market in 2022. Through our Delegated Underwriting and Servicing (DUS®) platform, along with our Low-Income Housing Tax Credit (LIHTC) equity, we delivered on our mission to provide access to affordable housing throughout the country.

Fannie Mae Multifamily Closes 2022 With $69 Billion in Volume

Elevated Mortgage Rates and Home Prices Expected to Continue to Limit Housing Activity WASHINGTON , Jan. 20, 2023 /PRNewswire/ -- Despite ending the year on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in the first half of 2023, according to the January 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group views the current rate of consumption as unsustainable relative to disposable income and forecasts that an eventual retrenchment of the consumer will be a major factor in the upcoming economic contraction.

Housing Sector Awaits Improvement in Affordability; Modest Recession Still Expected

The federally controlled mortgage giants got a boost from improving homebuilder sentiment – albeit off a low base.

Why Fannie Mae and Freddie Mac Soared Today

WASHINGTON , Jan. 17, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-eighth reperforming loan sale transaction. The deal, announced on October 6, 2022, included the sale of approximately 10,100 loans totaling $1.9 billion in unpaid principal balance (UPB), divided into five pools.

Fannie Mae Announces the Results of its Twenty-eighth Reperforming Loan Sale Transaction

FNM-HPI Showed Quarterly Decline of 1.0 Percent on Non-Seasonally Adjusted Basis WASHINGTON , Jan. 17, 2023 /PRNewswire/ -- Single-family home prices increased at a non-seasonally adjusted annual rate of 9.2 percent in Q4 2022, compared to Q4 2021, down from the previous quarter's revised annual growth rate of 13.1 percent, according to Fannie Mae's (OTCQB: FNMA) latest Home Price Index (FNM-HPI) reading, a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 0.2 percent in Q4 2022, just above the 0.1 percent growth seen last quarter.

Annual Home Price Growth Decelerates in Q4 to 9.2 Percent

WASHINGTON , Jan. 13, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reminded the market, as announced on December 22, 2022, that it will transition its legacy LIBOR loans and securities to the SOFR-indexed benchmark replacements recommended by the Federal Reserve Board. Additionally, in alignment with the Federal Reserve Board's final rule pursuant to the Adjustable Interest Rate (LIBOR) Act and based on guidance from Fannie Mae's Conservator, the Federal Housing Finance Agency (FHFA), Fannie Mae will not include term SOFR as a benchmark for new loans or floating-rate securities.

Fannie Mae Shares Further Details on the LIBOR Transition

WASHINGTON , Jan. 12, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R01, an approximately $731 million note offering that represents Fannie Mae's first CAS REMIC® transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business.

Fannie Mae Prices $731 Million Connecticut Avenue Securities (CAS) REMIC Deal

HPSI Inched Upward in December but Remains Well Below Pre-Pandemic Highs WASHINGTON , January 9, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 3.7 points in December to 61.0, but the index remains only slightly above its all-time low set in October. Three of the index's six components improved month over month, including those associated with homebuying conditions, mortgage rate outlook, and job security.

Easing Mortgage Rates and Home Prices Provide Slight Boost to Homebuyer Sentiment

WASHINGTON , Dec. 28, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  November 2022 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.

Fannie Mae Releases November 2022 Monthly Summary

WASHINGTON , Dec. 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the replacement indices for the legacy LIBOR loans and securities for which Fannie Mae is responsible for selecting the replacement index. The replacement indices, outlined below, are the benchmark replacements recommended by the Federal Reserve Board and are based on the Secured Overnight Financing Rate (SOFR).

Fannie Mae Announces Replacement Rates for Legacy LIBOR Products

Following Significant Decline in 2022, Housing and Mortgage Markets Not Expected to Meaningfully Recover Until 2024 WASHINGTON , Dec. 19, 2022 /PRNewswire/ -- Following an upward revision to third quarter 2022 real gross domestic product (GDP) and stronger-than-expected incoming personal consumption data to begin the fourth quarter, the economy is now expected to eke out positive growth of 0.4 percent in 2022 before entering a modest recession in the new year, according to the December 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group views the current rate of personal consumption growth as unsustainable given the combination of a low personal saving rate and an elevated ratio of consumer debt to personal disposable income.

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