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.

Housing Faces Renewed Headwinds from 7 Percent Mortgage Rates, but Downside Risk to Home Sales is Limited WASHINGTON , Sept. 18, 2023 /PRNewswire/ -- With underlying inflation decelerating and signs that the labor market is cooling, the central question for economists remains whether the economy is headed for a soft landing or a mild recession.

Mild Recession Remains Likeliest Outcome as Inflation and Labor Markets Cool

WASHINGTON , Sept. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-ninth reperforming loan sale transaction.

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

WASHINGTON , Sept. 12, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its thirtieth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.

Fannie Mae Announces Thirtieth Sale of Reperforming Loans

HPSI's Low-Level Plateau Continues as Consumers Remain Frustrated by Lack of Affordability WASHINGTON , Sept. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained effectively unchanged in August, as consumer confidence toward housing continued along the low-level plateau set earlier this year.

Unusual Housing Market Dynamics Contributing to Stall in Consumer Sentiment

WASHINGTON , Sept. 1, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) is reminding homeowners and renters impacted by natural disasters, including Hurricane Idalia, 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 Idalia

WASHINGTON , Aug. 25, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) July 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.

Fannie Mae Releases July 2023 Monthly Summary

Housing Activity Outlook Likely to be Similar Regardless of Soft Landing or Mild Recession WASHINGTON , Aug. 23, 2023 /PRNewswire/ -- Recent economic data has pointed to a stronger economy than previously expected, but the current business cycle contours still point to an eventual downturn, according to the August 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Given the recent flurry of strong consumption data combined with two consecutive months of annualized Consumer Price Index (CPI) measures coming in close to the Fed's 2 percent inflation target, the ESR Group notes that the odds of a "soft landing" have increased.

Sticking the 'Soft Landing' Remains a Difficult Task

Fannie Mae and Freddie Mac shareholders win legal victory as jury finds FHFA acted arbitrarily in entering into Net Worth Sweep. Pending equity restructuring includes warrants, common shares, junior preferred shares, and senior preferred shares. There are significant, follow on implications for other cases now that a jury has decided that the government breached the implied covenant of good faith.

DC Jury Decides GSE Shareholder Contracts Breached

Fannie Mae, or the Federal National Mortgage Association, got a boost when shareholders prevailed in a lawsuit. A federal grand jury awarded shareholders $612 million in the case.

Why Fannie Mae Stock Was Up Big Today

WASHINGTON , Aug. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) is reminding homeowners and renters impacted by natural disasters, including those affected by the ongoing wildfires in Hawaii, of available mortgage assistance and disaster relief options. Mortgage servicers are also reminded of options to assist homeowners under Fannie Mae's guidelines.

Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by Catastrophic Hawaii Wildfires

WASHINGTON , Aug. 10, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its twenty-ninth 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 2,030 loans, having an unpaid principal balance of approximately $414.9 million, and is available for purchase by qualified bidders.

Fannie Mae Announces Twenty-Ninth Sale of Reperforming Loans

But Only 18% Believe It's a Good Time to Buy a Home WASHINGTON , Aug. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased slightly in July, as consumers' increased confidence regarding their personal financial situations was largely offset by further pessimism toward homebuying conditions. Three of the HPSI's six components increased month over month, including the components measuring job security and home price expectations.

Consumers Report Improving Job Security, Healthy Household Finances

Federal Home Loan Mortgage Corporation

Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to 'AA+' from 'AAA' after the U.S. rating downgrade on Tuesday.

Fitch downgrades Fannie Mae, Freddie Mac after US rating cut

Federal National Mortgage Association (OTCQB:FNMA) Q2 2023 Earnings Call Transcript August 1, 2023 8:00 AM ET Company Participants Pete Bakel - Director of External Communications Priscilla Almodovar - Chief Executive Officer Chryssa Halley - Chief Financial Officer Operator Good day, and welcome to the Fannie Mae Second Quarter 2023 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) Q2 2023 Earnings Call Transcript

WASHINGTON , Aug. 1, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its second quarter 2023 financial results and filed its Second Quarter 2023 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended June 30, 2023.

Fannie Mae Reports Net Income of $5.0 Billion for Second Quarter 2023

WASHINGTON , July 28, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $641 million Multifamily Social DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on July 21, 2023. FNA 2023-M1S marks the second Fannie Mae GeMS issuance of 2023.

Fannie Mae Priced $641 Million Multifamily Social DUS REMIC (FNA 2023-M1S) Under Its GeMS Program

WASHINGTON , July 26, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  June 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.

Fannie Mae Releases June 2023 Monthly Summary

Company to Host Conference Call WASHINGTON , July 26, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its second quarter 2023 financial results on Tuesday morning, August 1, 2023, 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 Second Quarter 2023 Financial Results

WASHINGTON , July 20, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R06, an approximately $766 million note offering that represents Fannie Mae's sixth 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 $766 Million Connecticut Avenue Securities (CAS) REMIC Deal

Limited Supply of Homes for Sale Boosts Prices, New Home Construction WASHINGTON , July 19, 2023 /PRNewswire/ -- While the latest data on inflation has provided reason for optimism, less favorable base effects are likely to slow further progress in reducing annual inflation to the preferred 2-percent target, according to the  July 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Given the low rate of productivity gains, wage growth appears to remain too high for inflation to near its target rate anytime soon, and so the ESR Group is forecasting another rate hike later this month and even tighter monetary policy through the end of the year.

Inflation is Slowing, But Fully Quelling It Will Be Tough

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2023-R06 (CAS 2023-R06), a credit risk sharing transaction with a total note offering of $765,558,000. The pool is characterized by loans with original loan-to-value (LTV) ratios that are greater than 60% and less than or equal to 80%. The Reference Pool consists of 64,468 residential mortgage loans with an outstanding principal balance of approximately $20.3 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2023-R06

FNM-HPI Showed Quarterly Increase of 1.9 Percent on Seasonally Adjusted Basis WASHINGTON , July 17, 2023 /PRNewswire/ -- Single-family home prices increased 3.0 percent from Q2 2022 to Q2 2023, down from the previous quarter's revised annual growth rate of 4.9 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 1.9 percent in Q2 2023, an acceleration from 1.3 percent growth in the first quarter.

Home Price Growth Again Surprises to the Upside

Company Earns Top Score on Disability Equality Index for Fourth Consecutive Year, and Named to Black Enterprise's 2023 Best Companies for DEI WASHINGTON , July 11, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it was recognized as a "Best Place to Work for Disability Inclusion" by the American Association of People with Disabilities and Disability:IN, receiving a top score of 100 on the 2023 Disability Equality Index ® (DEI®). In addition, Fannie Mae was included on Black Enterprise's "2023 Best Companies for DEI" list for its efforts to foster a more inclusive workplace.

Fannie Mae Named 'Best Place to Work for Disability Inclusion' and 'Best Company for DEI'

HPSI Remains Stuck at Relatively Low Level amid Ongoing Supply and Affordability Constraints WASHINGTON , July 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained mostly flat in June, increasing by only 0.4 points to 66.0, as difficult supply and affordability conditions continue to weigh on the housing market. While most of the HPSI's six components were little changed month over month, survey respondents did report that homebuying conditions improved slightly in June compared to May.

Consumer Confidence in Housing May Have Plateaued

An update on the events surrounding Fannie Mae and Freddie Mac, focusing on developments relevant to the GSEs' release. The upcoming Presidential Election may have a significant impact on the extent and timing of the release. The GSEs are making significant progress on earnings retention.

News for Federal National Mortgage Association Stock (FNMA)