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.

Economic Growth Still Predicted to Soften as the Labor Market Shows Signs of Cooling WASHINGTON , Feb. 23, 2024 /PRNewswire/ -- Existing home sales and new single-family housing starts are expected to grow modestly in 2024 amid lower mortgage rates and slowly strengthening homebuyer sentiment, according to the February 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While housing affordability is still seriously constrained following the home price run-up of the past few years, the supply of existing homes available for sale is finally showing signs of loosening.

Housing Activity Expected to Pick Up in 2024 as Rates Move Lower

Akwaboah Brings Nearly Three Decades of Experience from Across the Financial Services Industry WASHINGTON , Feb. 22, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Peter Akwaboah has been appointed Executive Vice President and Chief Operating Officer (COO), effective May 20, 2024. Akwaboah has nearly three decades of experience from across the financial services industry and will be responsible for Fannie Mae's Chief Information Office, Enterprise Operations, Business Resiliency, and Enterprise Workplace and Security functions.

Fannie Mae Appoints Peter Akwaboah as Chief Operating Officer

FORT MILL, S.C.--(BUSINESS WIRE)--ServiceMac, an innovative mortgage subservicer and a member of the First American family of companies, today announced the company has been honored as a Fannie Mae 2023 Servicer Total Achievement and Rewards™ (STAR™) Performer award recipient in the General Servicing category. Fannie Mae's STAR Program recognizes high-performing mortgage servicers for competency, capacity and overall performance. “We founded ServiceMac to eliminate all of the obstacles servicer.

ServiceMac Recognized by Fannie Mae as a 2023 STAR Performer Award Winner

Federal National Mortgage Association (FNMA) Q4 2023 Earnings Call Transcript

WASHINGTON , Feb. 15, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its fourth quarter and full-year 2023 financial results and filed its 2023 Form 10-K with the Securities and Exchange Commission. The filing provides consolidated financial statements for the year ended December 31, 2023.

Fannie Mae Reports Net Income of $17.4 billion for 2023 and $3.9 Billion for Fourth Quarter 2023

WASHINGTON , Feb. 13, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its thirtieth reperforming loan sale transaction. The deal, announced on January 11, 2024, included the sale of 2,722 loans totaling $499.6 million in unpaid principal balance (UPB), offered in one pool.

Fannie Mae Announces the Results of its Thirtieth Reperforming Loan Sale Transaction

2023 STAR Program Evaluates Servicing Partners in General Servicing, Solution Delivery, and Timeline Management Categories WASHINGTON , Feb. 12, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its 2023 Servicer Total Achievement and Rewards™ (STAR™) Program results, recognizing 32 mortgage servicers for competency, capacity, and overall performance. For more than a decade, Fannie Mae's STAR Program has awarded high-performing mortgage servicers for their loan volume and portfolio composition, and for demonstrating leading practices to improve the housing industry.

Fannie Mae Recognizes 32 High-Performing Mortgage Servicers Across Three Key Performance Areas

WASHINGTON, Feb. 9, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $518.3 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on January 31, 2024. FNA 2024-M2 marks the first Fannie Mae GeMS issuance of 2024.

Fannie Mae Priced $518.3 Million Multifamily DUS REMIC (FNA 2024-M2) Under Its GeMS Program

Company to Host Conference Call WASHINGTON , Feb. 8, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its fourth quarter and full-year 2023 financial results on Thursday morning, February 15, 2024, 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 2023 Financial Results

Consumer Sentiment toward Housing at Highest Level in Nearly Two Years WASHINGTON , Feb. 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 3.5 points in January to 70.7, its highest level since March 2022, due primarily to increased consumer confidence in job security and another significant jump in the share of consumers expecting mortgage rates to decrease. In January, 82% of consumers indicated that they are not concerned about losing their job in the next 12 months, up from 75% last month.

Mortgage Rate Optimism Hits Survey High

WASHINGTON , Jan. 30, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) December 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 December 2023 Monthly Summary

Company Provided Needed Liquidity Across Housing Sectors, Including Robust Support for Structured Transactions, Green Financing, and Multifamily Affordable Housing WASHINGTON , Jan. 25, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) provided more than $52 billion in financing to support the multifamily market in 2023, the company announced today. Fannie Mae has expanded access to affordable housing for those who need it most through its Delegated Underwriting and Servicing (DUS®) platform, in addition to committing approximately $4 billion in net equity to Low-Income Housing Tax Credit investments since re-entering the space in 2018.

Fannie Mae Multifamily Closes 2023 With More than $52 Billion in Volume

WASHINGTON , Jan. 25, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R01, an approximately $819 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 $819 Million Connecticut Avenue Securities (CAS) REMIC Deal

New Mission-Centered MBS and Retooled Disclosures to Support Affordable Housing WASHINGTON , Jan. 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the launch of its Single-Family Social Bond Framework and updates to disclosures for the company's Single-Family mortgage-backed securities (MBS), aimed to further support access to credit and affordable housing as part of its mission and goals. The updated Social Bond Framework describes the Fannie Mae mortgage collateral eligible to be pooled, issued, and labeled as Single-Family "Social MBS.

Fannie Mae Announces Single-Family Social Bond Framework

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2024-R01 (CAS 2024-R01), a credit risk sharing transaction with a total note offering of $752,249,000. The pool is characterized by loans with original loan-to-value (LTV) ratios that are greater than 60% and less than or equal to 80%. The Reference Pool consists of 59,883 residential mortgage loans with an outstanding principal balance of approximately $19.2 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2024-R01

ESR Group's 2024 Theme: "Housing Seeks Balance Amid Economic Uncertainty" WASHINGTON , Jan. 18, 2024 /PRNewswire/ -- The housing market is expected to begin a gradual return to a more normal balance in 2024, following years of significant oscillations in mortgage rates and divergences of key housing market measures from their historical, pre-pandemic relationships, according to the January 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group expects mortgage rates to decline in 2024, ending the year below 6 percent.

Mortgage Rates Expected to Dip Below 6 Percent in 2024, Boosting Home Sales

FNM-HPI Showed Quarterly Increase of 1.7 Percent on Seasonally Adjusted Basis WASHINGTON , Jan. 16, 2024 /PRNewswire/ -- Single-family home prices increased 7.1 percent from Q4 2022 to Q4 2023, up from the previous quarter's revised annual growth rate of 5.1 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 1.7 percent in Q4 2023, a deceleration from 2.1 percent growth in the third quarter.

Home Price Growth Falls Further in Fourth Quarter

Survey-High Share of Consumers Now Expect Mortgage Rates to Go Down WASHINGTON , Jan. 8, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 2.9 points in December to 67.2, due primarily to a significant jump in the share of consumers expecting mortgage rates to go down over the next 12 months. In December, a survey-high 31% of consumers indicated that they expect mortgage rates to go down, while 31% expect them to go up, and 36% expect rates to remain the same.

Consumer Optimism About Mortgage Rates Jumps Significantly

SAN FRANCISCO--(BUSINESS WIRE)--Blend, a leading provider of cloud banking services, announced today that it supports Fannie Mae's Desktop Underwriter® (DU®) early assessment enhancement with a direct integration from Blend's soft credit pull functionality. Blend's soft credit pull feature enables lenders to reduce the costs associated with the early stages of the mortgage origination process, as well as help educate borrowers earlier in their home buying journey. Starting in 2023, the cost to.

Blend's Soft Credit Functionality Supports Fannie Mae's Desktop Underwriter Early Assessment Enhancement

Federal Home Loan Mortgage Corporation

Redfin

Mortgage rates have fallen for the past nine straight weeks. Mortgage applications and new home listings have simultaneously surged.

Why Fannie Mae, Freddie Mac, and Redfin Soared This Week

Fannie Mae outlined its housing market forecasts through 2025, including home sales and price growth. Lower borrowing costs will boost activity, but home sales will only marginally rise higher.

From mortgage rates to home sales, here are Fannie Mae's housing market forecasts for the next 2 years

WASHINGTON , Dec. 21, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  November 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 November 2023 Monthly Summary

Economy Expected to Decelerate in 2024 After Surprisingly Resilient 2023 WASHINGTON , Dec. 18, 2023 /PRNewswire/ -- Single-family home sales likely bottomed out in Q4 2023 and, due to the recent pullback in mortgage rates, are expected to begin a slow but meaningful recovery over the course of the next year, alongside upward-trending mortgage origination activity, according to the December 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Purchase mortgage applications have rebounded approximately 15 percent from their trough in November, a trend that the ESR Group expects to continue if mortgage rates continue to slide.

Home Sales, Mortgage Originations Likely to Begin Slow Recovery in 2024

WASHINGTON , Dec. 13, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today its 2024 Connecticut Avenue Securities® (CAS) Issuance Calendar as part of its efforts to ensure transparency in the market. Fannie Mae has the option to issue, or forgo issuance of, one or more CAS deals during each window.

Fannie Mae Announces 2024 Connecticut Avenue Securities (CAS) Issuance Calendar

Survey Panel Also Expects Mortgage Rates to Eventually Settle at Around 5.7% WASHINGTON , Dec. 11, 2023 /PRNewswire/ -- A panel of housing experts expects annual national home price growth of 2.4% in 2024 and 2.7% in 2025, according to the Q4 2023 Fannie Mae (OTCQB: FNMA) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The HPES polls over 100 experts across the housing and mortgage industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years, as measured by the Fannie Mae Home Price Index (FNM-HPI).

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