Federal National Mortgage Association

Earnings data Q4 2019

Earnings data Q1 2020

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 28, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2022-R07, an approximately $866 million note offering that represents Fannie Mae's seventh 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 $866 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , June 28, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its nineteenth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on August 19, 2022 and includes approximately 120 loans totaling $36.2 million in unpaid principal balance (UPB).

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

WASHINGTON , June 24, 2022 /PRNewswire/ -- Fannie Mae (OTCQB:FNMA) today announced that it has commenced fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for the purchase of any and all of the Connecticut Avenue Securities® (CAS) Debt Notes listed below (the "Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of June 24, 2022 (collectively, the "Offer Documents"). The Offers will expire at 5:00 PM New York City time on Thursday, June 30, 2022 (the "Expiration Time") unless extended or earlier terminated.

Fannie Mae Announces Tender Offer for Any and All of Certain CAS Debt Notes

Housing Predicted to Drag on Growth Through 2023 as Financial Conditions Tighten WASHINGTON , June 16, 2022 /PRNewswire/ -- The compounding effects of elevated inflation and higher interest rates are expected to further weigh on economic growth and home sales as the year progresses, with full-year 2022 growth now forecast at a slightly reduced 1.2 percent and expectations of a late-2023 modest economic contraction unchanged, according to the June 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While consumers' resilience to the predicted financial stress remains an open question, the ESR Group now forecasts personal consumption growth to slow from 4.2 percent in Q2 2022 to 1.9 percent and 1.3 percent, respectively, in Q3 2022 and Q4 2022.

Elevated Inflation, Higher Interest Rates Expected to Take Toll on Consumer Spending

The RALI Will Provide Near Real-Time Insights into Refinance and Prepayment Trends WASHINGTON , June 14, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today the launch of its Refinance Application-Level Index (RALI), a weekly series designed to provide the market timely and comprehensive tracking of refinance activity and historical trends. The RALI sources data from the industry's most widely used automated underwriting system, Fannie Mae's Desktop Underwriter® (DU®), to provide lenders, investors, and other market participants with increased transparency on the past week's refinance application trends, supporting more refined prepayment projections.

Fannie Mae Introduces New Refinance Application-Level Index (RALI)

Experian PLC

COSTA MESA, Calif.--(BUSINESS WIRE)--Experian is an authorized report supplier of income and employment verification through Fannie Mae's Desktop Underwriter validation service.

Experian becomes authorized report supplier of income and employment verification through Fannie Mae's Desktop Underwriter (DU) validation service

WASHINGTON , June 13, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its sixth Credit Insurance Risk Transfer™ (CIRT™) transaction 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 2022-6 transferred $725 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Credit Insurance Risk Transfer Transaction on $19 Billion of Single-Family Loans

WASHINGTON , June 9, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its twenty-sixth 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 9,980 loans, having an unpaid principal balance of approximately $1.57 billion, and is available for purchase by qualified bidders.

Fannie Mae Announces Twenty-sixth Sale of Reperforming Loans

Fannie Mae's Equitable Housing Finance Plan Outlines Specific Actions Fannie Mae Will Take to Knock Down Barriers and Provide Access to Affordable Housing WASHINGTON , June 8, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today released a three-year Equitable Housing Finance Plan that outlines actions the company will take to knock down barriers faced by Black renters and homeowners throughout their housing journey. The Plan builds on recent innovations and efforts Fannie Mae has taken to make mortgages and rental housing more accessible and inclusive.

Fannie Mae Addresses Inequalities in Housing Faced by Black Renters and Homeowners

WASHINGTON , June 7, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2022-R06, an approximately $754 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 $754 Million Connecticut Avenue Securities (CAS) REMIC Deal

Only 17% of Consumers Report It's a 'Good Time to Buy' a Home WASHINGTON , June 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020. Surveyed consumers continue to express concerns about housing affordability, with the "Good Time to Buy" indicator reaching a new survey low, as 79% of respondents reported that it's a bad time to buy a home.

Would-Be Homebuyers Feeling Squeeze of Higher Home Prices and Mortgage Rates

Sandra Thompson was confirmed by Senate vote May 25. Sandra Thompson needs to be sworn in before she is a fully permanent FHFA director. Sandra Thompson has finalized the capital planning rule that mandates Fannie and Freddie put together capital restoration plans.

On The Precipice Of Admin Housing Finance Reform

WASHINGTON , May 31, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  April 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 April 2022 Monthly Summary

WASHINGTON , May 20, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its fifth Credit Insurance Risk Transfer™ (CIRT™) transaction 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 2022-5 transferred $733.3 million of mortgage credit risk to private insurers and reinsurers.

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

Housing Activity Expected to Slow Further as Affordability Worsens WASHINGTON, May 19, 2022 /PRNewswire/ -- Persistent inflation, rising interest rates, and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3 percent, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group.The ESR Group's latest forecast sees second quarter 2022 growth rebounding to 1.6 percent following last month's news that the economy contracted by 1.4 percent in the first quarter. The ESR Group continues to believe that the Fed's efforts to curtail inflation by tightening monetary policy are unlikely to result in a so-called "soft landing.

Rapidly Rising Rates and Persistent Inflation Further Soften Economic Outlook

WASHINGTON , May 17, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $720 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on May 11, 2022. FNA 2022-M10 marks the fifth Fannie Mae GeMS issuance of 2022.

Fannie Mae Priced $720 Million Multifamily DUS REMIC (FNA 2022-M10) Under Its GeMS Program

WASHINGTON , May 10, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-fifth reperforming loan sale transaction. The deal, announced on April 7, 2022, included the sale of approximately 7,500 loans totaling $1.47 billion in unpaid principal balance (UPB), divided into three pools.

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

Affordability Constraints Mount as Mortgage Rates and Home Prices Continue to Rise WASHINGTON , May 9, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates. All six of the index's components decreased month over month, with a survey-high 76% of consumers indicating that they believe it's a bad time to buy a home, up from 73% last month.

Consumer Sentiment Toward Housing Hits Lowest Level in Two Years

The Federal Housing Finance Agency that regulates Fannie and Freddie has continued to let them retain earnings under Biden. In this context, the Biden administration can only get money out of Fannie and Freddie by restructuring and selling its stake.

Admin Action Remains Possible Before GSE Legal Rulings

Multifamily and Single-Family Businesses Recognized for Positive Impact in Green Financing WASHINGTON , May 6, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it earned the 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency and U.S. Department of Energy. ENERGY STAR recognized Fannie Mae's Multifamily business for the eighth consecutive year and its Single-Family business for the second consecutive year for outstanding efforts to increase adoption of energy-efficiency improvements in housing.

Fannie Mae Earns ENERGY STAR Recognition for 2022 Environmental Sustainability Achievements

WASHINGTON , May 3, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2022-R05, an approximately $952 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 $952 Million Connecticut Avenue Securities (CAS) REMIC Deal

Federal National Mortgage Association (OTCQB:FNMA) Q1 2022 Earnings Conference Call May 3, 2022 8:00 AM ET Company Participants Pete Bakel - Director, External Communications David Benson - President & Interim Chief Executive Officer Chryssa Halley - Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Fannie Mae First 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 Q1 2022 Results - Earnings Call Transcript

WASHINGTON , May 3, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its first quarter financial results and filed its first quarter 2022 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended March 31, 2022.

Fannie Mae Reports Net Income of $4.4 Billion for First Quarter 2022

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

INDEPENDENCE, Ohio--(BUSINESS WIRE)--In an effort to help increase homeownership opportunities for first-time homeowners, Nations Lending has announced it will implement Fannie Mae's positive rent payment history enhancement. The new feature enables Fannie Mae's Desktop Underwriter® (DU®) to use verification of asset (VOA) reports to identify recurring rent payments to potentially enhance the credit assessment of prospective, first-time home buyers. This is a positive-only change to the risk as

News for Federal National Mortgage Association Stock (FNMA)