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.

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

Federal Home Loan Mortgage Corporation

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.

Economy Expected to End 2022 on Positive Note Ahead of Modest Recession in New Year

Fannie Mae trades at just a fraction of its net income due to its unique conservatorship status. Yet, it has long ago settled its debts with Uncle Sam and has been giving clarification around capital requirements for it to fully reprivatize.

Fannie Mae: Solid Value In Case Of Eventual Reprivatization

Fannie Mae Completes CAS Issuance for 2022 WASHINGTON , Dec. 7, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today its 2023 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 2023 Connecticut Avenue Securities (CAS) Issuance Calendar

Updates e nhance the underwriting process to support loans where no borrower has  a credit score WASHINGTON , Dec. 6, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA), today announced innovative enhancements to its automated underwriting system designed to responsibly expand eligibility and further simplify the borrowing process for loans where homebuyers do not have a credit score. These enhancements will help historically underserved borrowers access credit and further support the company's commitment to serving renters and homeowners in an equitable and sustainable way.

Fannie Mae Introduces Enhancements to Help Expand Homeownership Opportunities for Underserved Borrowers

WASHINGTON , Nov. 30, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) October 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 October 2022 Monthly Summary

With US home prices climbing by more than 12% in the year through September, so too can the size of your mortgage.

US government entities Fannie Mae and Freddie Mac were just cleared to purchase mortgages of over $1 million for the first time because home prices are still so high

Mortgage giants Fannie Mae and Freddie Mac will raise the limits of government-backed loans to a record level for 2023, with the maximum loan limit hitting more than $1 million for high-cost areas, the Federal Housing Finance Agency announced Tuesday.

High home prices push Fannie Mae and Freddie Mac to back loans of more than $1 million

WASHINGTON, Nov. 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its eleventh and final Credit Insurance Risk Transfer™ (CIRT™) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-11 transferred $343 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes its Eleventh and Final Credit Insurance Risk Transfer Transaction of 2022 on $10.1 Billion of Single-Family Loans

Housing Sales Forecasted to Hit Trough in Q2 2023 Before Beginning to Rebound WASHINGTON , Nov. 21, 2022 /PRNewswire/ -- After rebounding at a 2.6 percent annualized rate in Q3 2022 on the strength of net exports, real gross domestic product (GDP) is projected to turn negative again in the fourth quarter as the temporary boost from international trade moderates, according to the November 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group also expects declines in residential fixed and business investment, as well as slowing personal consumption growth, to contribute to negative growth in Q4 2022, and it continues to expect the economy to tip into a modest recession in the first quarter of 2023.

Economy Still Expected to Enter (and Exit) Modest Recession in 2023

New Disclosures to Provide View into Socially Oriented Lending Activities WASHINGTON , Nov. 16, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today launched new social disclosures, the Social Criteria Share (SCS) and the Social Density Score (SDS), for its Single-Family mortgage-backed securities (MBS). The new disclosures are designed to respond to investor feedback and aim to provide single-family MBS investors with insights into socially oriented lending activities while helping to preserve the confidentiality of mortgage consumers' personal information.

Fannie Mae Launches New Single-Family Social Disclosures

Federal National Mortgage Association (OTCQB:FNMA) Q3 2022 Earnings Conference Call November 8, 2022 8:00 AM ET Company Participants Pete Bakel - Director, External Communications David Benson - President and Interim Chief Executive Officer Chryssa Halley - Chief Financial Officer Operator Good day and welcome to the Fannie Mae's Third Quarter 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) Q3 2022 Earnings Call Transcript

WASHINGTON , Nov. 8, 2022 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today reported its third quarter 2022 financial results and filed its third quarter 2022 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended September 30, 2022.

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