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.

Only 14% of Consumers Believe It's a Good Time to Buy a Home, a New Survey Low WASHINGTON , Dec. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.6 points in November, remaining within the bounds of the low-level plateau it established in the first half of 2023. Consumers' perceptions of homebuying conditions remain overwhelmingly pessimistic, as only 14% of consumers believe it's a good time to buy a home, a new survey low.

Housing Sentiment Remains Stuck in Low-Level Plateau

Fannie Mae's forecast model expects U.S. home prices to climb 2.8% in 2024. Want more stories from Lance Lambert's ResiClub in your inbox?

U.S. home prices to hold firm in 2024 even if a mild recession hits, Fannie Mae says

Company Scores 100 on 2023-2024 Corporate Equality Index for Ninth Consecutive Year WASHINGTON , Nov. 30, 2023 /PRNewswire/ -- Fannie Mae(OTCQB: FNMA) today announced it has been recognized with the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion from the Human Rights Campaign Foundation, receiving a score of 100 on its 2023-2024 Corporate Equality Index (CEI) for the ninth consecutive year. The annual benchmarking survey and report measures corporate policies, practices, and benefits related to LGBTQ+ workplace equality.

Fannie Mae Receives 'Equality 100 Award' from Human Rights Campaign Foundation

WASHINGTON , Nov. 29, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) October 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 October 2023 Monthly Summary

The downturn in the US housing market isn't ending anytime soon, Fannie Mae warned. That's because mortgage rates are set to stay elevated if the US avoids a recession.

The housing market will be stuck in a rut for a long time even if the US avoids a recession, Fannie Mae says

Home Sales Likely to Weaken in Near Term but Bottom Out Early Next Year WASHINGTON , Nov. 21, 2023 /PRNewswire/ -- Economic growth remains likely to decelerate and ultimately result in a mild recession in 2024, followed by a return to growth in 2025, according to the November 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While the combination of ongoing employment gains and decelerating inflation has increased the likelihood of a soft landing, the ESR group contends that, between a likely slowdown in consumption growth stemming from an imbalance between spending and incomes and the rising real federal funds rate weighing on consumer and business activity, a downturn remains the most likely outcome.

Economy Expected to Slow in 2024, Rebound in 2025

WASHINGTON , Nov. 21, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-second Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on January 22, 2024, and includes approximately 61 loans totaling $18.4 million in unpaid principal balance (UPB).

Fannie Mae Announces Winner of Twenty-Second Community Impact Pool of Non-Performing Loans

WASHINGTON , Nov. 20, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its ninth and final Credit Insurance Risk Transfer™ (CIRT™) transaction of 2023. CIRT 2023-9 transferred $270.7 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes its Final Credit Insurance Risk Transfer Transaction of 2023 on $11.5 Billion of Single-Family Loans

Fannie Mae Returns to Market with $595 Million Transaction, Complementing Other Multifamily Credit Risk Sharing Programs WASHINGTON , Nov. 20, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced its third Multifamily Connecticut Avenue Securities® (MCAS™) transaction, MCAS Series 2023-01, a $595 million note offering. MCAS, Fannie Mae's issuance program designed to share credit risk on its multifamily conventional guaranty book of business, complements the successful risk sharing in its Delegated Underwriting and Servicing (DUS®) and Multifamily Credit Insurance Risk Transfer (MCIRT™) programs.

Fannie Mae Prices Third Multifamily Connecticut Avenue Securities Deal

WASHINGTON, Nov. 17, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R08, an approximately $609 million note offering that represents Fannie Mae's eighth 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 $609 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , Nov. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $503 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on November 6, 2023. FNA 2023-M8 marks the third Fannie Mae GeMS issuance of 2023.

Fannie Mae Priced $503 Million Multifamily DUS REMIC (FNA 2023-M8) Under Its GeMS Program

President David C. Benson and Chief Administrative Officer Jeffery Hayward Announce Retirements WASHINGTON , Nov. 14, 2023 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today announced a series of leadership changes following decisions by two veteran executives that they will soon retire from the company.

Fannie Mae Announces Leadership Changes

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2023-R08 (CAS 2023-R08), a credit risk sharing transaction with a total note offering of $573,483,000. 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 60,345 residential mortgage loans with an outstanding principal balance of approximately $18.9 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2023-R08

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Housing Market Frustrations Continue, Too, with Survey-Record 85% of Consumers Saying It's a 'Bad Time' to Buy a Home WASHINGTON , Nov. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained largely flat in October, as consumer frustration toward housing unaffordability and an economy battling inflation continue to depress overall sentiment. Despite improvement in the share of consumers expressing greater job security and improved household income, 78% of respondents believe the economy is on the "wrong track," up 7 percentage points from last month, with the vast majority once again pointing at inflation as the top reason for that belief.

Consumers Increasingly Sour on Economy, Blame Inflation

Federal National Mortgage Association (OTCQB:FNMA) Q3 2023 Earnings Conference Call October 31, 2023 8:00 AM ET Company Participants Pete Bakel - Director of External Communications Priscilla Almodovar - Chief Executive Officer Chryssa Halley - Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Fannie Mae Third Quarter 2023 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) Q3 2023 Earnings Call Transcript

WASHINGTON , Oct. 31, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its third quarter 2023 financial results and filed its Third Quarter 2023 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended September 30, 2023.

Fannie Mae Reports Net Income of $4.7 Billion for Third Quarter 2023

WASHINGTON , Oct. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its 2024 Benchmark Securities® Issuance Calendar (PDF). The 2024 Benchmark Securities Calendar identifies at least one calendar day per month for a Fannie Mae Benchmark Notes® announcement.

Fannie Mae Announces 2024 Benchmark Securities Issuance Calendar

WASHINGTON , Oct. 26, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) September 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 September 2023 Monthly Summary

Company to Host Conference Call WASHINGTON , Oct. 25, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its third quarter 2023 financial results on Tuesday morning, October 31, 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 Third Quarter 2023 Financial Results

Fannie Mae Enabling the Creation and Preservation of Affordable Rental Units Across the Country Through Its LIHTC Equity Investments WASHINGTON , Oct. 17, 2023 /PRNewswire/ -- Since restarting its equity investments in the Low-Income Housing Tax Credit (LIHTC) market in 2018, Fannie Mae (OTCQB: FNMA) has supported the creation or preservation of rental housing units in communities throughout the country, providing critical access to affordable housing and supportive services for thousands of households in the U.S. and its territories, the company announced today. The company's LIHTC investments continue to expand access to affordable housing supply when and where those needs are greatest, with a focus on underserved markets, populations with unmet needs, supportive housing developments, and disaster-impacted areas.

Fannie Mae Commits $3.2 Billion Since Re-entering LIHTC Market to Expand Affordable Housing Supply, Meet Critical Housing Needs in Underserved Communities

Home Prices Prove Resilient through Third Quarter, but Deceleration Likely as Mortgage Rates Move Higher WASHINGTON , Oct. 16, 2023 /PRNewswire/ -- The rapid rise in long-term interest rates over the past few months will likely weigh on future economic growth, according to the October 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Even barring another acute credit event, which the ESR Group warns is more likely now that rates are moving rapidly again, the turning of the credit cycle is ongoing and, over time, is expected to weigh on consumption, business investment, and hiring as low-interest debt is rolled into higher rates.

Jump in Long-Term Interest Rates Expected to Weigh on Economy

NEW YORK--(BUSINESS WIRE)--As an authorized report supplier, Argyle offers mortgage lenders an efficient verification experience and lowers buyback risk.

Argyle Becomes First Consumer-Permissioned Income & Employment Verifications Provider to Support the Desktop Underwriter (DU) Validation Service from Fannie Mae

FNM-HPI Showed Quarterly Increase of 2.0 Percent on Seasonally Adjusted Basis WASHINGTON , Oct. 13, 2023 /PRNewswire/ -- Single-family home prices increased 5.3 percent from Q3 2022 to Q3 2023, up from the previous quarter's revised annual growth rate of 2.9 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 2.0 percent in Q3 2023, a deceleration from 2.1 percent growth in the second quarter.

Home Prices Remain Resilient, Rise Further in Third Quarter

New Product Aims to Increase Affordable Workforce Rental Supply by Offering Fannie Mae Borrowers Pricing Incentives and Underwriting Flexibilities WASHINGTON , Oct. 11, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today a new Sponsor-Dedicated Workforce (SDW) product to create and preserve workforce housing through the company's network of Delegated Underwriting and Servicing (DUS®) lenders. With its pricing and underwriting benefits, the product incentivizes conventional and social impact Fannie Mae multifamily borrowers to elect rent restrictions on eligible properties for the life of the loan, helping support workforce-income renters.

News for Federal National Mortgage Association Stock (FNMA)