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 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2022-R03, an approximately $1.2 billion 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.

Fannie Mae Prices $1.2 Billion Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , March 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its second and third Credit Insurance Risk Transfer™ (CIRT™) transactions 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 2022-2 and CIRT 2022-3 together transferred $1.8 billion of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $50 Billion of Single-Family Loans

Coca-Cola

Patience is essential to portfolio management.

Should You Sell It All Or Buy The Dip?

Mortgage Rates Likely to Experience Competing 'Flight to Quality' and Fed Tightening Pressures WASHINGTON, March 17, 2022 /PRNewswire/ -- The Russian invasion of Ukraine, and its implications for the global economy, has added to growing inflation pressures and ongoing supply chain difficulties as monetary policy tightening begins, according to the March 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group now projects full-year 2022 real GDP growth of 2.3 percent, down from last month's projected 2.8 percent, but acknowledges that many of its forecast's base assumptions, including a near-term resolution to the acute global economic effects of the Russian invasion of Ukraine, represent substantial downside risks to both the macroeconomic and housing outlooks.

Inflation and Russia's Invasion of Ukraine Expected to Take Toll on U.S. Economy and Housing Sector

WASHINGTON, March 8, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-fourth reperforming loan sale transaction. The deal, which was announced on February 8, 2022, included the sale of 7,970 loans totaling $1.3 billion in unpaid principal balance (UPB), divided into three pools.

Fannie Mae Announces Results of Twenty-fourth Reperforming Loan Sale Transaction

WASHINGTON, March 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased by 3.5 points to 75.3 in February, but affordability constraints continue to drive consumers' perception of the housing market. Overall, five of the index's six components increased month over month, including the components measuring consumers' perceptions of homebuying and home-selling conditions.

More Consumers Expect Mortgage Rates and Home Prices to Rise Even Further

Federal Home Loan Mortgage Corporation

Mortgage giants Fannie Mae FNMA, +2.64% and Freddie Mac FMCC, +3.74% are upping the ante when it comes to affordable housing.

Fannie Mae and Freddie Mac contribute over $1 billion to help increase access to affordable housing

WASHINGTON, Feb. 28, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) January 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 January 2022 Monthly Summary

WASHINGTON, Feb. 28, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2022. CIRT 2022-1 covers $26.1 billion in unpaid principal balance (UPB) of generally 30-year original term, fixed-rate loans, acquired between January 2021 and March 2021.

Fannie Mae Executes First Credit Insurance Risk Transfer Transaction of 2022 on $26 Billion of Single-Family Loans

WASHINGTON, Feb. 28, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today it has appointed Sharifa A. Anderson as Senior Vice President and Chief Diversity and Inclusion (D&I) Officer, effective February 28, 2022.

Sharifa A. Anderson Appointed Fannie Mae Senior Vice President and Chief Diversity and Inclusion Officer

WASHINGTON , Feb. 17, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the 2021 Servicer Total Achievement and Rewards™ (STAR™) Program results, which recognized 29 mortgage servicers for competency, capacity, and overall performance. Since 2011, Fannie Mae's STAR Program has acknowledged mortgage servicers for their effective, standardized processes that help drive their performance and operational success.

Fannie Mae Recognizes 29 Mortgage Servicers for Industry Excellence

WASHINGTON, Feb. 17, 2022 /PRNewswire/ -- With inflation at its highest level in four decades, the Federal Reserve is expected to enact a more aggressive course of monetary policy tightening than previously forecast, with a 50-basis-point increase to the federal funds rate in March now predicted to be the first in a series of interest rate hikes through 2023, according to the February 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The combination of a less accommodative interest rate environment and an increasingly worker-scarce labor market led the ESR Group to downgrade its expectations for 2022 real GDP growth from 3.1 percent to 2.8 percent; however, its expectations for 2023 headline growth remained unchanged at 2.2 percent, a pace that approaches the long-run trend.

Economic Growth Expected to Slow as the Fed Wrangles Inflation

Prior GSE executives think the Biden administration will take all the steps to recap and release but will leave $100B on the table. In the first half of this year, it looks like Fannie Mae will be reporting how much capital it has and needs and coming up with plans to resolve this.

Thumbs Up For Brookings Institute Housing Reform Plan

Federal National Mortgage Association (FNMA) CEO Hugh R. Frater on Q4 2021 Results - Earnings Call Transcript

WASHINGTON, Feb. 15, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its fourth quarter and full-year 2021 financial results and filed its 2021 Form 10-K with the Securities and Exchange Commission. The filing provides consolidated financial statements for the year ended December 31, 2021.

Fannie Mae Reports Net Income of $22.2 Billion for 2021 and $5.2 Billion for Fourth Quarter 2021

WASHINGTON, Feb. 14, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $781 million Green Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on February 8, 2022. FNA 2022-M1G marks the second Fannie Mae GeMS issuance of 2022.

Fannie Mae Priced $781 Million Green Multifamily DUS REMIC (FNA 2022-M1G) Under Its GeMS Program

The housing market is entering a new normal in 2022, Fannie Mae said. It expects the Fed to raise interest rates up to three times and home prices to increase.

What the housing market's 'new normal' in 2022 means, according to Fannie Mae

WASHINGTON, Feb. 8, 2022 /PRNewswire/ -- February 8, 2022 – Fannie Mae (OTCQB: FNMA) today announced plans to report its fourth quarter and full-year 2021 financial results on Tuesday morning, February 15, 2022, before the opening of U.S. financial markets. Fannie Mae will host 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 2021 Financial Results

WASHINGTON, Feb. 8, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its twenty-fourth 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 8,050 loans, having an unpaid principal balance of approximately $1.3 billion, and is available for purchase by qualified bidders.

Fannie Mae Announces Twenty-Fourth Sale of Reperforming Loans

WASHINGTON, Feb. 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 2.4 points to 71.8 in January, its lowest level since May 2020, as affordability constraints continue to weigh on the housing market. Overall, four of the index's six components decreased month over month, including the components measuring consumers' perceptions of homebuying and home-selling conditions.

Housing Sentiment Drifts Lower as Affordability Constraints Sharpen

There may be a race to monetize the government's investment in Fannie and Freddie "before the other side of the isle can" so to speak. There are familiar faces that have been put into powerful places that seem tied together who would seem to be leading housing finance reform.

GSEs: New Director, New Capital Rule - Prerequisites For Recap

WASHINGTON, Jan. 31, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) December 2021 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 December 2021 Monthly Summary

WASHINGTON, Jan. 24, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $1 billion Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on January 19, 2022. FNA 2022-M1 marks the first Fannie Mae GeMS issuance of 2022.

Fannie Mae Priced $1 Billion Multifamily DUS REMIC (FNA 2022-M1) Under Its GeMS Program

The Federal Housing Finance Agency (FHFA) announced a new fee for high-balance loans, but there are a few exceptions.

FHFA increases fees for high-balance loans backed by Fannie Mae, Freddie Mac

WASHINGTON, Jan. 19, 2022 /PRNewswire/ -- The housing market and larger economy are expected to enter a "new normal" in 2022 as the unprecedented market disturbances and policy responses stemming from the COVID-19 pandemic subside, according to the January 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group expects inflation to remain elevated in 2022, while still unknown is the extent to which structural shifts in the economy and housing markets over the past two years become permanent.

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