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, March 27, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  February 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 February 2024 Monthly Summary

Fannie Mae Recognized for Positive Impact in Green Financing WASHINGTON , March 26, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it has received the 2024 ENERGY STAR Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. This is the 10th consecutive year for Fannie Mae's Multifamily business and the fourth consecutive year for the company's Single-Family business for outstanding contributions to increasing adoption of energy-efficiency improvements in housing.

Fannie Mae Receives 2024 ENERGY STAR Partner of the Year Award for Sustained Excellence

WASHINGTON , March 26, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-third Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on May 22, 2024, and includes 37 loans totaling $10.4 million in unpaid principal balance (UPB).

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

Fannie Mae now says mortgage rates will stay above 6% through 2025, after predicting last month that the average 30-year fixed mortgage would drop below 6% by the end of this year.

Mortgage rates to stay above 6% through 2025, Fannie Mae says

Recent Inflation Data Likely to Keep Mortgage Rates 'Higher for Longer' than Previously Forecast WASHINGTON , March 19, 2024 /PRNewswire/ -- The increase in mortgage rates in February has driven a modest downgrade to expectations for total home sales and mortgage originations in 2024, according to the March 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group now expects the 30-year fixed mortgage rate to end the year at 6.4 percent, up from the 5.9 percent predicted in last month's forecast.

Higher Mortgage Rate Forecast Leads to Decline in 2024 Home Sales Expectations

Federal National Mortgage Association stock is up 271%, outperforming the S&P 500 by 239%. Technical analysis suggests the stock has strong upward momentum and price targets at $3.27 and $4.22. FNMA's unique business model and recent strategic initiatives position it for growth, making it an attractive investment opportunity.

Federal National Mortgage Association: The Bulls Are In Control, Buy

WASHINGTON , March 7, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R02, an approximately $751 million note offering that represents Fannie Mae's second 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 $751 Million Connecticut Avenue Securities (CAS) REMIC Deal

HPSI Inches Upward Again, Now at Highest Level in Nearly 2 Years WASHINGTON , March 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 2.1 points in February to 72.8, inching higher for the third consecutive month, due primarily to increased optimism around home-selling conditions. In February, 65% of consumers said it's a good time to sell a home, up from 60% last month.

Home-Selling Sentiment Moves Higher Ahead of Spring Homebuying Season

New Capability Automates One-Step Validation of Borrower Assets, Income, and Employment with a 12-Month Asset Report and Provides Additional Benefits to Support Access to Credit WASHINGTON , March 6, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced new capabilities in its automated underwriting system to further streamline the mortgage origination process for lenders and homebuyers, enabling improved loan quality control, faster cycle times, and potential cost savings. This enhancement to Desktop Underwriter ® (DU®) is the latest solution from Fannie Mae to support lenders and responsibly expand opportunities for homeownership.

Fannie Mae Provides Day 1 Certainty; New Enhancement Further Streamlines Mortgage Origination Process for Lenders and Homebuyers

WASHINGTON & EWING, N.J.--(BUSINESS WIRE)--Cenlar FSB was recognized by Fannie Mae as a STAR Performer in the Solutions Delivery category. The award is part of Fannie Mae's Servicer Total Achievement and Rewards™ (STAR™) Program, which recognized 32 mortgage servicers for their competency, capacity, and overall performance. For more than a decade, Fannie Mae's STAR Program has honored high-performing mortgage servicers for their loan volume and portfolio composition, and for demonstrating leadi.

Cenlar Recognized by Fannie Mae as a STAR Performer in Solutions Delivery

WASHINGTON , March 1, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2024. CIRT 2024-L1 transferred $355.6 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes First Credit Insurance Risk Transfer Transaction of 2024 on $9.0 Billion of Single-Family Loans

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

Panel of 100-Plus Experts Expects Mortgage Rates to End 2024 at Median of 6 Percent WASHINGTON , Feb. 29, 2024 /PRNewswire/ -- A panel of housing experts expects annual national home price growth of 3.8% in 2024 and 3.4% in 2025, according to the Q1 2024 Fannie Mae (OTCQB: FNMA) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The HPES polls over 100 experts across the housing and mortgage industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years, as measured by the Fannie Mae Home Price Index (FNM-HPI).

Expert Panel Upgrades Home Price Growth Outlook, Cites Supply Constraints and Lower Mortgage Rates

FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Newrez LLC (“Newrez”), a leading nationwide mortgage lender and servicer, is proud to announce it has won three prestigious Fannie Mae STAR Awards for 2023 – General Servicing, Solution Delivery, and Timeline Management. The STAR Program is designed to provide a comparative framework to benchmark mortgage servicers and recognize leadership in the industry. Fannie Mae defines the categories as follows: General Servicing: Servicers are measured on the basis.

Newrez Sweeps 2023 STAR Awards from Fannie Mae

Economic Growth Still Predicted to Soften as the Labor Market Shows Signs of Cooling WASHINGTON , Feb. 23, 2024 /PRNewswire/ -- Existing home sales and new single-family housing starts are expected to grow modestly in 2024 amid lower mortgage rates and slowly strengthening homebuyer sentiment, according to the February 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While housing affordability is still seriously constrained following the home price run-up of the past few years, the supply of existing homes available for sale is finally showing signs of loosening.

Housing Activity Expected to Pick Up in 2024 as Rates Move Lower

Akwaboah Brings Nearly Three Decades of Experience from Across the Financial Services Industry WASHINGTON , Feb. 22, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Peter Akwaboah has been appointed Executive Vice President and Chief Operating Officer (COO), effective May 20, 2024. Akwaboah has nearly three decades of experience from across the financial services industry and will be responsible for Fannie Mae's Chief Information Office, Enterprise Operations, Business Resiliency, and Enterprise Workplace and Security functions.

Fannie Mae Appoints Peter Akwaboah as Chief Operating Officer

FORT MILL, S.C.--(BUSINESS WIRE)--ServiceMac, an innovative mortgage subservicer and a member of the First American family of companies, today announced the company has been honored as a Fannie Mae 2023 Servicer Total Achievement and Rewards™ (STAR™) Performer award recipient in the General Servicing category. Fannie Mae's STAR Program recognizes high-performing mortgage servicers for competency, capacity and overall performance. “We founded ServiceMac to eliminate all of the obstacles servicer.

ServiceMac Recognized by Fannie Mae as a 2023 STAR Performer Award Winner

Federal National Mortgage Association (FNMA) Q4 2023 Earnings Call Transcript

WASHINGTON , Feb. 15, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its fourth quarter and full-year 2023 financial results and filed its 2023 Form 10-K with the Securities and Exchange Commission. The filing provides consolidated financial statements for the year ended December 31, 2023.

Fannie Mae Reports Net Income of $17.4 billion for 2023 and $3.9 Billion for Fourth Quarter 2023

WASHINGTON , Feb. 13, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its thirtieth reperforming loan sale transaction. The deal, announced on January 11, 2024, included the sale of 2,722 loans totaling $499.6 million in unpaid principal balance (UPB), offered in one pool.

Fannie Mae Announces the Results of its Thirtieth Reperforming Loan Sale Transaction

2023 STAR Program Evaluates Servicing Partners in General Servicing, Solution Delivery, and Timeline Management Categories WASHINGTON , Feb. 12, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its 2023 Servicer Total Achievement and Rewards™ (STAR™) Program results, recognizing 32 mortgage servicers for competency, capacity, and overall performance. For more than a decade, Fannie Mae's STAR Program has awarded high-performing mortgage servicers for their loan volume and portfolio composition, and for demonstrating leading practices to improve the housing industry.

Fannie Mae Recognizes 32 High-Performing Mortgage Servicers Across Three Key Performance Areas

WASHINGTON, Feb. 9, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $518.3 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on January 31, 2024. FNA 2024-M2 marks the first Fannie Mae GeMS issuance of 2024.

Fannie Mae Priced $518.3 Million Multifamily DUS REMIC (FNA 2024-M2) Under Its GeMS Program

Company to Host Conference Call WASHINGTON , Feb. 8, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its fourth quarter and full-year 2023 financial results on Thursday morning, February 15, 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 Fourth Quarter and Full-Year 2023 Financial Results

Consumer Sentiment toward Housing at Highest Level in Nearly Two Years WASHINGTON , Feb. 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 3.5 points in January to 70.7, its highest level since March 2022, due primarily to increased consumer confidence in job security and another significant jump in the share of consumers expecting mortgage rates to decrease. In January, 82% of consumers indicated that they are not concerned about losing their job in the next 12 months, up from 75% last month.

Mortgage Rate Optimism Hits Survey High

WASHINGTON , Jan. 30, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) December 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.

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