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.

WASHINGTON , Oct. 8, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its most recent 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 8,721 loans, having an unpaid principal balance of approximately $1.429 billion, and is available for purchase by qualified bidders.

Fannie Mae Announces Sale of Reperforming Loans

A record number of consumers expect mortgage rates to fall over the next year. They're also bracing for an increase in home prices.

Housing sentiment jumps to highest level in over two years, Fannie Mae says

Renter Sentiment Also Up, Including Share Expecting Rates to Fall WASHINGTON , Oct. 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 1.8 points in September to 73.9, its highest level in more than two years, as consumers reported survey-high optimism that mortgage rates will decline over the next 12 months. In September, a record 42% of consumers said they expect mortgage rates to decline, up from 39% the month prior and 24% in June.

Housing Confidence Inches Higher Amid Record-High Optimism Toward Mortgage Rates

NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided an $18,220,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for the acquisition of a 139-unit multifamily property in Chicago, Illinois. The financing was originated by Clint Darby and Andrew Remenschneider of Greystone.

Greystone Provides $18.2 Million in Fannie Mae DUS® Financing for Multifamily Property in Chicago

WASHINGTON , Sept. 30, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) is reminding homeowners and renters impacted by natural disasters, including those affected by Hurricane Helene, of available mortgage assistance and disaster relief options.

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

WASHINGTON , Sept. 27, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  August 2024 Monthly Summary is now available.

Fannie Mae Releases August 2024 Monthly Summary

Preferred stock of Fannie Mae and Freddie Mac should rise sharply if Donald Trump wins. Recent prices are out of line with the election odds. I estimate the potential gains and losses for investors in the immediate aftermath of the election based on the 2016 and 2020 patterns.

Fannie Mae Preferreds Offer Election Opportunity

Mortgage Rates Now Forecast to Average 5.7% by End of 2025 WASHINGTON , Sept. 18, 2024 /PRNewswire/ -- Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick up meaningfully through the remainder of 2024, with the annual pace now forecast to be the slowest since 1995, according to the September 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group.

Existing Home Sales on Pace to Hit Nearly 30-Year Low, Despite Recently Lower Rates

WASHINGTON , Sept. 17, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R06, an approximately $708 million note offering that represents Fannie Mae's sixth and final CAS REMIC® transaction of the year.

Fannie Mae Prices $708 Million Connecticut Avenue Securities (CAS) REMIC Deal

Federal Home Loan Mortgage Corporation

Allies of Republican U.S. presidential candidate Donald Trumps and bankers have been discussing plans on ending U.S. government control of the mortgage-finance firms Fannie Mae and Freddie Mac if he wins the election, the Wall Street Journal reported on Thursday.

Trump allies are working on plans to privatize Fannie and Freddie, WSJ reports

Donald Trump's allies want once again to try to untie the Gordian knot of the mortgage market: what to do with Fannie Mae and Freddie Mac.

Trump Allies Are Working On Plans to Privatize Fannie and Freddie

WASHINGTON , Sept. 12, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its thirty-second reperforming loan sale transaction.

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

2024-NPL3 Includes the Company's Twenty-Fifth Community Impact Pool Offering WASHINGTON , Sept. 10, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's twenty-fifth Community Impact Pool (CIP).

Fannie Mae Announces Sale of Non-Performing Loans

Regional Divergence in Consumer Sentiment Likely a Function of New Supply WASHINGTON , Sept. 9, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 0.6 points in August to 72.1, as consumers reported significantly greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment.

Mortgage Rate Optimism Spikes, but Homebuying Pessimism Persists

Panel Also Shares Thoughts on Most Impactful Potential Policy Reforms to Boost Housing Supply WASHINGTON , Sept. 5, 2024 /PRNewswire/ -- Following home price growth of 6.0% in 2023, a panel of housing experts forecasts annual national home price growth of 4.7% in 2024 and 3.1% in 2025, according to the Q3 2024 Fannie Mae (OTCQB: FNMA) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC.

Expert Panel Predicts Home Price Growth Will Decelerate in 2024 and 2025

WASHINGTON , Aug. 28, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  July 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 July 2024 Monthly Summary

Notification and Grace Period Lease Requirements for New Multifamily Loans Begin February 2025 WASHINGTON , Aug. 28, 2024 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today released additional information regarding new protections for tenants in multifamily properties with mortgages backed by Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSEs). The protections are included in the Enterprise Multifamily Lease Standards Policy for multifamily housing providers (borrowers), announced on July 12, 2024 by the Federal Housing Finance Agency (FHFA).

Fannie Mae Announces New Plans for Tenant Protections at GSE-Financed Multifamily Properties

Fannie Mae and Freddie Mac have been trapped in conservatorship since 2008, with the government aggressively manipulating asset values to justify seizing control early in conservatorship. The Trump administration began recapitalization efforts, and under Biden, earnings have continued to accumulate, positioning the GSEs for a potential exit from conservatorship. Moelis' 2024 update suggests a new administration could quickly restructure Fannie and Freddie, with junior preferred shareholders likely to be made whole.

Future Of Fannie Mae And Freddie Mac Post-2024 Election

NEW YORK, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $21,503,000 in Fannie Mae Delegated Underwriting & Servicing (DUS®) loans to refinance two multifamily properties in New York City's Harlem neighborhood. The financing was originated by Avi Kozlowski, a Managing Director at Greystone on behalf of Josef Goodman of Haussman Development.

Greystone Provides $21.5 Million in Fannie Mae DUS® Financing for Multifamily Portfolio in Harlem

Despite Recent Decline in Mortgage Rates, Existing Home Sales Likely to Remain Weak WASHINGTON , Aug. 21, 2024 /PRNewswire/ -- Despite the recent pullback in mortgage rates, total home sales are expected to come in lower than previously forecast through the rest of 2024, and then not pick up meaningfully until further out in 2025, according to the  August 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group notes that purchase mortgage applications have barely budged in response to the more favorable rate environment, and high-frequency measures of home purchase demand, including mortgage applications, showing requests, and listings views, remain below year-ago levels.

Sluggish Home Sales Expected as Consumers Hold Out for Improved Affordability

Freddie Mac and Fannie Mae are speculative investments due to potential government decisions, offering high-risk and high potential reward for investors. Privatization of the GSEs, a potential positive catalyst, could occur if Trump wins the 2024 Presidential election. The valuations of the GSEs are low, leaving plenty of upside potential for the stocks from any positive catalysts.

Freddie Mac And Fannie Mae: High Risk, High Potential Reward Speculation

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided an $18,620,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for the acquisition of a 204-unit multifamily property in Fort Worth, Texas. The financing was originated by John Williams, Managing Director at Greystone.

Greystone Provides $18.6 Million in Fannie Mae DUS® Financing for Affordable Housing Property in Fort Worth, Texas

Consumers are feeling frustrated by the housing market as home prices march to new heights, a new survey says.

Consumers feel frustrated with the housing market. Buying a house is unaffordable, Fannie Mae says.

Only 17% Say It's a 'Good Time' to Buy, Despite Known Aspiration to Own WASHINGTON , Aug. 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 1.1 points in July to 71.5, as an overall lack of affordability continues to hamstring consumer sentiment toward the housing market. This month, only 17% of consumers indicated that it's a good time to buy a home, down from 19% in June, while the share believing it's a good time to sell decreased from 66% to 65%.

Frustration Evident in Consumer Housing Sentiment

Mortgage financing firms Fannie Mae and Freddie Mac are set to impose stricter rules for commercial property lenders and brokers, following a budding regulatory crackdown on fraud in the multi-trillion dollar market, the Wall Street Journal reported on Monday.

News for Federal National Mortgage Association Stock (FNMA)