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.

Economy Remains on Strong Footing, though Core Inflation Remains Sticky WASHINGTON , Nov. 21, 2024 /PRNewswire/ -- Existing home sales are now expected to rise only 4 percent next year from a 2024 pace that is on track for a nearly 30-year low, according to the November 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The downward revision to the existing home sales outlook, which was previously forecast to rise 11 percent in 2025, is the result of significant upward movement in mortgage rates and other long-duration bonds in recent weeks.

Recent Rate Run-Up Expected to Keep Existing Home Sales Near Historic Lows Through 2025

WASHINGTON , Nov. 19, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its 2025 Benchmark Securities® Issuance Calendar (PDF). The 2025 Benchmark Securities Calendar identifies at least one calendar day per month for a Fannie Mae Benchmark Notes® announcement.

Fannie Mae Announces 2025 Benchmark Securities Issuance Calendar

Federal Home Loan Mortgage Corporation

Ackman and his fund Pershing Square Capital Management hold two over-the-counter stocks that have strongly benefited from Trump's win.

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Investors are betting that the president-elect will push to remove the companies, from their Federal Housing Finance Administration conservatorship.

Fannie Mae and Freddie Mac Shares Soared After Trump's Win. What Comes Next for the Stocks.

WASHINGTON , Nov. 7, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Scott D. Stowell has been appointed to its Board of Directors.

Fannie Mae Appoints Former Homebuilding Industry Executive Scott D. Stowell to its Board of Directors

WASHINGTON , Nov. 7, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced that it has approved the Mortgage Partnership Finance® (MPF ®) Program, administered by the Federal Home Loan Bank of Chicago on behalf of six Federal Home Loan Banks, to sell loans made to Native Americans and secured by tribal trust lands under the company's Native American Conventional Lending Initiative (NACLI) program. This initial step will support Fannie Mae's ongoing pursuit of agreements with area Native American tribes and when completed, will enable MPF Program Participating Financial Institutions (PFIs) serving tribal communities to offer conventional loans on tribal trust lands.

Fannie Mae Approves the MPF® Program to Expand Native American Lending on Tribal Trust Lands

HPSI Up Significantly from All-Time Low Recorded Two Years Ago WASHINGTON , Nov. 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 0.7 points in October to 74.6, pushing the measure of consumer confidence to its highest level since February 2022 and significantly higher than the all-time low recorded two years ago. In October, the share of consumers who think it's a good time to buy a home increased to 20%, while the share who think it's a good time to sell a home declined to 64%.

Consumers Feeling Better About Housing Market Despite High Home Prices

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WASHINGTON , Nov. 4, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its thirty-third reperforming loan sale transaction. The deal, announced on October 8, 2024, included the sale of 8,678 loans totaling $1,424,118,043 in unpaid principal balance (UPB), offered in three pools.

Fannie Mae Announces the Results of its Thirty-third Reperforming Loan Sale Transaction

Federal National Mortgage Association (OTCQB:FNMA) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Priscilla Almodovar - President, Chief Executive Officer Chryssa Halley - Executive Vice President, Chief Financial Officer Pete Bakel - Director of External Communications Conference Call Participants Operator Good day and welcome to the Fannie Mae third quarter 2024 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 2024 Earnings Call Transcript

WASHINGTON , Oct. 31, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its third quarter 2024 financial results and filed its Third Quarter 2024 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended September 30, 2024.

Fannie Mae Reports Net Income of $4.0 Billion for Third Quarter 2024

WASHINGTON , Oct. 29, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  September 2024 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 2024 Monthly Summary

WASHINGTON , Oct. 28, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced changes to the eligibility requirements for Value Acceptance (previously known as appraisal waivers) and Value Acceptance + Property Data (also known as inspection-based appraisal waivers), two key components of the company's valuation modernization options. The changes are part of Fannie Mae's ongoing efforts to offer a balance of traditional appraisals and appraisal alternatives to confirm a property's value in order to meet the needs of the market.

Fannie Mae Announces Changes to Appraisal Alternatives Requirements

New Enhancements Introduced to the CIRT Structure WASHINGTON , Oct. 25, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its seventh Credit Insurance Risk Transfer™ (CIRT™) transaction of the year. CIRT 2024-L4 transferred $338.6 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Final Credit Insurance Risk Transfer Transaction of 2024 on $7.9 Billion of Single-Family Loans

Company to Host Conference Call WASHINGTON , Oct. 24, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its third quarter 2024 financial results on Thursday morning, October 31, 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 Third Quarter 2024 Financial Results

WASHINGTON , Oct. 24, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-fifth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on December 20, 2024, and includes 29 deeply delinquent loans totaling $7.2 million in unpaid principal balance (UPB).

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

America's economy is in a better place than previously thought, new Fannie Mae research shows. The mortgage company's Economic and Strategic Research (ESR) Group released these findings Thursday (Oct. 17), based on annual revisions to national accounts and improved employment numbers in August and September.

Fannie Mae Upgrades Outlook on US Economy

Home Price Growth Expected to Decelerate in 2025 as Affordability Remains Stretched WASHINGTON , Oct. 17, 2024 /PRNewswire/ -- Following annual revisions to the national accounts and an improvement in payroll employment growth in both August and September, the economy now appears to be on firmer footing than previously thought, according to the October 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While the ESR Group still expects economic growth to slow from the robust 3.2 percent pace recorded in 2023, the degree of expected slowing is smaller; growth in 2024 and 2025 is now expected to be 2.3 percent and 2.0 percent, respectively, near the long-run trend growth rate.

U.S. Economic Footing Firmer Than Previously Thought, Projected to Expand 2.3 Percent in 2024

Fannie Mae CEO Priscilla Almodovar talks to MarketWatch about how the lock-in effect, high mortgage rates and climate risk are affecting home buyers.

Fannie Mae CEO says she has never seen a housing market like this before

Previously Available in North Carolina and Texas, EHC Program Supports Property Owners and Renters in All Markets that Lack Source of Income Protections WASHINGTON , Oct. 15, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced enhancements to its Expanded Housing Choice (EHC) initiative, including that it is now available in all jurisdictions without source of income protections, for new loans to multifamily property owners who accept U.S. Department of Housing and Urban Development (HUD) Housing Choice Vouchers (HCVs). The Housing Choice Voucher federal program helps very-low-income families, senior citizens, and people with disabilities afford stable and quality housing in the private market.

Fannie Mae's 'Expanded Housing Choice' Initiative Extends to All Eligible Jurisdictions Nationwide, Includes New Enhancements

Latest FNM-HPI Reading Showed Year-over-Year Increase of 5.9 Percent in Q3 2024 WASHINGTON , Oct. 15, 2024 /PRNewswire/ -- Single-family home prices increased 5.9 percent from Q3 2023 to Q3 2024, a deceleration compared to the previous quarter's downwardly revised annual growth rate of 6.4 percent, according to the latest reading of the Fannie Mae (OTCQB: FNMA) Home Price Index (FNM-HPI). The FNM-HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos.

Home Price Growth Slows but Remains Robust

WASHINGTON , Oct. 14, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) is reminding homeowners and renters impacted by natural disasters, including those affected by Hurricane Milton, of available mortgage assistance and disaster relief options. Mortgage servicers also are reminded of options to assist homeowners under Fannie Mae's guidelines during these circumstances.

Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by Hurricane Milton

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WASHINGTON , Oct. 10, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed a new Credit Insurance Risk Transfer™ (CIRT™) transaction. CIRT 2024-H3 transferred $160.9 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes its Sixth Credit Insurance Risk Transfer Transaction of 2024 on $6.4 Billion of Single-Family Loans

WASHINGTON , Oct. 10, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-fifth non-performing loan sale transaction. The deal, announced on September 10, 2024, included the sale of 1,675 deeply delinquent loans totaling $280.0 million in unpaid principal balance (UPB), offered in one pool.

News for Federal National Mortgage Association Stock (FNMA)