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 , June 30, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today published its 2022 Environmental, Social, and Governance (ESG) Report. The second annual report connects the company's stakeholders to Fannie Mae's mission of facilitating equitable and sustainable access to homeownership and quality affordable rental housing across America.

Fannie Mae Releases 2022 Environmental, Social, and Governance Report

WASHINGTON , June 29, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R05, an approximately $738 million note offering that represents Fannie Mae's fifth 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 $738 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , June 26, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  May 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 May 2023 Monthly Summary

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2023-R05 (CAS 2023-R05), a credit risk sharing transaction with a total note offering of $738,197,000. 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 63,955 residential mortgage loans with an outstanding principal balance of approximately $20.2 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2023-R05

Lack of Homes for Sale Is Supporting Home Prices, New Home Construction WASHINGTON , June 26, 2023 /PRNewswire/ -- Mixed data has painted a muddled picture of macroeconomic conditions in recent months, though a recession remains the most likely outcome of the rapid tightening of monetary policy and late-stage business cycle dynamics, according to the June 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While inflation has moderated partly due to slowing domestic and global economic growth, the ESR Group believes continued robustness in the labor market risks an entrenchment of some core inflationary pressures.

Mixed Data Complicates Economic Forecast, though Recession Remains Likely

Company Begins Partnership with Certified Minority-Business Enterprise Protecdiv WASHINGTON , June 22, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its sixth and seventh Credit Insurance Risk Transfer™ (CIRT™) transactions of 2023. CIRT 2023-6 and CIRT 2023-7 in aggregate transferred $789 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $26.6 Billion of Single-Family Loans

Affordability Constraints Have Consumers Increasingly Convinced It's a Good Time to Sell, Bad Time to Buy WASHINGTON , June 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased in May by 1.2 points to 65.6, as affordability constraints continue to color consumers' perceptions of homebuying and home-selling conditions. Four of the HPSI's six components decreased month over month, most notably the component polling consumers' belief that it's a "good time to buy," which is once again nearing its survey low.

Perceived Homebuying and Home-Selling Conditions Diverged Further in May

SAN MATEO, Calif.--(BUSINESS WIRE)--Jupiter, the trusted leader in climate risk analytics, today announced that Fannie Mae is using the company's industry-leading product, ClimateScore™ Global, to assess the potential impacts of climate change on their mortgage portfolio backed by over 17 million U.S. single-family and multifamily residential assets. Jupiter ClimateScore Global uses the most authoritative climate models coupled with machine learning to predict and quantify physical climate risk.

Fannie Mae Assesses Residential Portfolio Risk Using Jupiter ClimateScore™ Global

Mr. Ragavan Brings Decades of Risk Management and Financial Services Experience to Accomplished and Diverse Fannie Mae Board WASHINGTON , June 5, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Chetlur S. Ragavan has been appointed to its Board of Directors and will serve on the Risk Policy and Capital Committee and Nominating and Corporate Governance Committee.

Fannie Mae Appoints Former Financial Services and Risk Executive Chetlur S. Ragavan to its Board of Directors

Any new products or activities piloted by the GSEs should go through a rigorous product approval rule process that would include public comment and stakeholder input.

Fannie Mae's Mission Creep

WASHINGTON , May 30, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $537 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on May 19, 2023. FNA 2023-M4 marks the first Fannie Mae GeMS issuance of 2023.

Fannie Mae Priced $537 Million Multifamily DUS REMIC (FNA 2023-M4) Under Its GeMS Program

WASHINGTON , May 26, 2023 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) is reminding homeowners and renters impacted by natural disasters, including those affected by Typhoon Mawar in Guam, of available mortgage assistance and disaster relief options. Mortgage servicers are also reminded of these options to assist people, especially as storm season begins nationwide.

Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by Typhoon Mawar in Guam

WASHINGTON , May 25, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R04, an approximately $765 million note offering that represents Fannie Mae's fourth 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 $765 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , May 24, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) April 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 April 2023 Monthly Summary

A housing slowdown is a major indicator of a coming recession, Fannie Mae's chief economist said. Existing home sales are on track to post further declines later this year, the mortgage giant estimated.

The housing slowdown is a top signal that the US is headed into a moderate recession, Fannie Mae says

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2023-R04 (CAS 2023-R04), a credit risk sharing transaction with a total note offering of $765,166,000. 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 66,984 residential mortgage loans with an outstanding principal balance of approximately $20.9 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2023-R04

WASHINGTON , May 18, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its fifth Credit Insurance Risk Transfer™ (CIRT™) transaction of 2023. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-5 transferred $424.4 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Fifth Credit Insurance Risk Transfer Transaction of 2023 on $18.1 Billion of Single-Family Loans

Consumers expect mortgage rates to drop, so they're feeling a lot more optimistic about the housing market, according to a Fannie Mae FNMA poll published Monday.

Potential home buyers are more optimistic on housing market for one big reason, Fannie Mae says

Survey Finds Greater Consumer Optimism About Mortgage Rates WASHINGTON , May 8, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased in April to its highest level since May 2022, jumping 5.5 points to 66.8. All six of the HPSI's components increased month over month, most notably the component associated with consumers' expectations of mortgage rates.

HPSI Increases as Housing Confidence Continues Upward Trend

Federal Home Loan Mortgage Corporation

The U.S. Federal Reserve raised interest rates for the tenth time in a row, but signaled a pause in future hikes.

Fed raised interest rates for 10th consecutive time, but signaled a pause in hikes. Will mortgage rates stay above 6% much longer?

Federal National Mortgage Association (OTCQB:FNMA) Q1 2023 Results Conference Call May 2, 2023 8:00 AM ET Company Participants Pete Bakel - IR Priscilla Almodovar - CEO Chryssa Halley - CFO Operator Good day, and welcome to the Fannie Mae First 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) Q1 2023 Earnings Call Transcript

WASHINGTON , May 2, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its first quarter 2023 financial results and filed its first quarter 2023 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended March 31, 2023.

Fannie Mae Reports Net Income of $3.8 Billion for First Quarter 2023

Oral arguments for the remand are scheduled for January 2024, and a decision could be expected by mid-2024. Upon release, each share could be worth $22.50.

Fannie Mae: A Longshot Bet On Housing Reform

WASHINGTON , April 28, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its fourth Credit Insurance Risk Transfer™ (CIRT™) transaction of 2023. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-4 transferred $501.6 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Fourth Credit Insurance Risk Transfer Transaction of 2023 on $12.9 Billion of Single-Family Loans

WASHINGTON , April 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R03, an approximately $622 million note offering that represents Fannie Mae's third 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.

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