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.

Fannie Mae Takes Another Step to Bolster Equitable Access to Credit for More Consumers WASHINGTON , Sept. 27, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the launch of its Multifamily Positive Rent Payment Reporting pilot program, aimed at helping renters build their credit history and improve their credit score.

Fannie Mae Launches Rent Payment Reporting Program to Help Renters Build Credit

WASHINGTON , Sept. 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its ninth Credit Insurance Risk Transfer™ (CIRT™) transaction of 2022.

Fannie Mae Executes its Ninth Credit Insurance Risk Transfer Transaction of 2022 on $21 Billion of Single-Family Loans

WASHINGTON , Sept. 21, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2022-R09, an approximately $591 million note offering that represents Fannie Mae's ninth CAS REMIC® transaction of the year.

Fannie Mae Prices $591 Million Connecticut Avenue Securities (CAS) REMIC Deal

Moon brings nearly 30 years of risk management experience to role WASHINGTON , Sept. 15, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it has appointed Anthony Moon as Executive Vice President and Chief Risk Officer (CRO), effective fourth quarter 2022.

Fannie Mae Names Anthony Moon Executive Vice President and Chief Risk Officer

WASHINGTON , Sept. 15, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-seventh reperforming loan sale transaction.

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

WASHINGTON , Sept. 14, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $604 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on September 8, 2022.

Fannie Mae Priced $604 Million Multifamily DUS REMIC (FNA 2022-M13) Under Its GeMS Program

Federal Home Loan Mortgage Corporation

Special situation securities can sometimes succeed even when the overall market is unruly. From the standpoint of market valuation, the Freddie Mac and Fannie Mae (F&F) preferred stocks are highly dependent on future court decisions and future actions of the Federal Housing Finance Agency.

Special Situation Spotlight On Freddie Mac And Fannie Mae Preferred Stocks

Year-over-Year Jump in Interest Rates Amplifying Perceptions of Unaffordability for Buyers and 'Lock-in Effect' for Sellers WASHINGTON , Sept. 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.8 points in August to 62.0, its sixth consecutive monthly decline, as high home prices and elevated mortgage rates continue to weigh on consumer sentiment, particularly home-selling sentiment.

High Home Prices, Mortgage Rates Weighing on Housing Sentiment

The economy is likely to see modest growth in the second half of 2022, followed by a mild recession next year, according to Fannie Mae's latest forecast.

Economy could see modest growth in second half of 2022: Fannie Mae

WASHINGTON , Aug. 31, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) July 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 July 2022 Monthly Summary

Housing Activity Expected to Soften Through 2023 Due to Higher Mortgage Rates and Home Price Gains WASHINGTON , Aug. 22, 2022 /PRNewswire/ -- Tightening monetary policy and elevated inflation remain the primary causes of a stagnating economy despite strong job growth, according to the August 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group's latest forecast of real gross domestic product (GDP) growth for full-year 2022 and 2023 remained essentially flat compared to last month at 0.0 percent and negative 0.4 percent, respectively.

Economy Constrained by Competing Effects of Elevated Inflation and Strong Labor Market

Fannie Mae (FNMAS) (FNMA) builds capital to exit the conservatorship. Inertia works for the company as the balance sheet ramps up. Needs $113b, retained $57b. Let's fill the gap. The Govt. owns 80% of equity via warrants and can exercise them to earn $72b on Fannie Mae alone and $100b+ total on Fannie Mae & Freddie Mac (FMCC) (FMCKJ).

Fannie Mae Is Rebuilding Capital To Exit The Conservatorship - Halfway There

WASHINGTON , Aug. 11, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its twenty-seventh sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 6,130 loans, having an unpaid principal balance of approximately $997 million, and is available for purchase by qualified bidders.

Fannie Mae Announces Twenty-Seventh Sale of Reperforming Loans

Experienced Financial Services Executive Will Lead Fannie Mae's Audit Strategy WASHINGTON , Aug. 10, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it has appointed Cissy Yang as Senior Vice President and Chief Audit Executive, effective September 12. In this role, Yang will be a member of Fannie Mae's Management Committee and will report to the Board of Directors and administratively to the President and Interim Chief Executive Officer (CEO).

Fannie Mae Appoints Cissy Yang Chief Audit Executive

Latest HPSI Reading Shows Consumers Increasingly Concerned by Both Homebuying and Home-Selling Conditions WASHINGTON , Aug. 8, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 2.0 points in July to 62.8, its lowest level since 2011 and well below the all-time high set in 2019. Surveyed consumers continue to express pessimism about homebuying conditions, with only 17% of respondents reporting it's a good time to buy a home.

Consumer Sentiment Toward Housing at Lowest Level in Decade

WASHINGTON , Aug. 2, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2022-R08, an approximately $626 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 $626 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , Aug. 1, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of a recent reperforming loan sale. The sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance (UPB) was awarded to JP Morgan Mortgage Acquisition Corp. (Chase).

Fannie Mae Announces Results of Recent Reperforming Loan Sale

WASHINGTON , July 29, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  June 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 June 2022 Monthly Summary

Federal National Mortgage Association (OTCQB:FNMA) Q2 2022 Results Conference Call July 29, 2022 8:00 AM ET Company Participants Pete Bakel - Director, External Communications David Benson - President, Interim CEO Chryssa Halley - CFO Operator Good day, and welcome to the Fannie Mae Second 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) CEO David Benson on Q2 2022 Results - Earnings Call Transcript

WASHINGTON , July 29, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its second quarter 2022 financial results and filed its second quarter 2022 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended June 30, 2022.

Fannie Mae Reports Net Income of $4.7 Billion for Second Quarter 2022

Rising inflation could push the economy into a recession sooner than economists had previously projected, according to the latest forecast from Fannie Mae.

Fannie Mae revises GDP forecast for 2022, 2023 amid high inflation

WASHINGTON, July 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its seventh and eighth Credit Insurance Risk Transfer™ (CIRT™) transactions 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 2022-7 and CIRT 2022-8 transferred $1 billion of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $33 Billion of Single-Family Loans

Experienced Human Resources Executive with Financial Services Background Joins Fannie Mae to Drive Enterprise Human Resources and Talent Strategy WASHINGTON , July 21, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today it has appointed Katie Jones as Senior Vice President and Chief Human Resources Officer (CHRO), effective August 1, 2022. In this role, Jones will be a member of Fannie Mae's Management Committee and oversee the company's Human Resources function responsible for designing and delivering a comprehensive enterprise-wide strategy to attract, retain, engage, and develop talent and support business and strategic priorities.

Fannie Mae Appoints Katie Jones as Chief Human Resources Officer

Company to Host Conference Call WASHINGTON , July 21, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its second quarter 2022 financial results on Friday morning, July 29, 2022, before the opening of U.S. financial markets. Fannie Mae will host a conference call to discuss the company's results at 8:00 a.m.

Fannie Mae Announces Scheduled Release of Second Quarter 2022 Financial Results

Housing Increasingly Constrained by High Mortgage Rates, Slowing Economy WASHINGTON , July 20, 2022 /PRNewswire/ -- Amid record inflation and higher interest rates, expectations for full-year 2022 and 2023 real GDP growth were downgraded in July due to softening consumer spending and a downward revision to business inventory investment data, according to the July 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group forecasts real GDP will increase 0.1 percent in 2022 and decrease 0.4 percent in 2023, down from the previously predicted 1.2 percent increase and 0.1 percent decrease, respectively.

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