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, May 14, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Diane N. Lye has been appointed to its Board of Directors.

Fannie Mae Appoints Data Science and Technology Executive Diane N. Lye to its Board of Directors

New Enhancement Calculates Borrower Self-Employment Income with Speed and Certainty WASHINGTON , May 8, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) has announced new enhancements to its Income Calculator tool that will help mortgage professionals serve the growing number of mortgage applicants in the U.S. who are self-employed and don't have traditional sources of income. Available now on FannieMae.com, lenders and other loan originators can leverage Fannie Mae's web-based Income Calculator for easy, accurate, and immediate calculation of self-employment income, at no additional cost.

Fannie Mae Expands Income Calculator Tool with Free, Web-based Option for Loan Originators

HPSI Flat in April as Consumers Continue to Adjust to Higher Rate Environment WASHINGTON , May 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) was unchanged in April at 71.9 and is showing signs of once again plateauing as consumers continue to adjust to the higher interest rate and home price environment. This month, 67% of consumers indicated that it's a good time to sell a home, while 20% said it's a good time to buy a home.

Housing Sentiment Again Shows Signs of Plateauing

Federal National Mortgage Association (OTCQB:FNMA) Q1 2024 Earnings Call Transcript April 30, 2024 8:00 AM ET Company Participants Pete Bakel - Director of External Communications Priscilla Almodovar - Chief Executive Officer Chryssa Halley - Executive Vice President and Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Fannie Mae First Quarter 2024 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 2024 Earnings Call Transcript

WASHINGTON , April 30, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its first quarter 2024 financial results and filed its First Quarter 2024 Form 10-Q with the Securities and Exchange Commission. The filing provides consolidated financial statements for the quarter ended March 31, 2024.

Fannie Mae Reports Net Income of $4.3 Billion for First Quarter 2024

Moves toward expanding and scaling various actions in third year of the Plan WASHINGTON , April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today released its annual update to the 2022-2024 Equitable Housing Finance Plan (the Plan) to knock down housing and homeownership barriers faced by historically underserved consumers and communities across the United States. The 2024 Plan updates reflect Fannie Mae's intention to expand and scale its efforts, particularly those related to helping consumers safely and soundly overcome barriers related to limited credit history, burdensome up-front housing costs/ access to credit, and financial and property resiliency.

Fannie Mae Updates Equitable Housing Finance Plan

WASHINGTON , April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities® (CAS) Notes listed in the table 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 April 22, 2024 (collectively, the "Offer Documents"). Certain of the classes of Notes subject to the Offers were issued by the REMIC trusts identified in the table below (each, a "Trust").

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

WASHINGTON , April 25, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) March 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 March 2024 Monthly Summary

Company to Host Conference Call WASHINGTON , April 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its first quarter 2024 financial results on Tuesday morning, April 30, 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 First Quarter 2024 Financial Results

Rise in New Home Listings Projected to Boost Sales Despite Recent Run-up in Mortgage Rates WASHINGTON , April 23, 2024 /PRNewswire/ -- Stronger-than-expected economic and inflation data have pushed interest rates higher and financial markets to price in fewer Federal Reserve rate cuts this year, according to the April 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While higher mortgage rates present renewed headwinds to the expected recovery in home sales this year, as well as homebuyer affordability more generally, the ESR Group notes that new listings of homes available for sale have continued to rise.

Hot Economy, Inflation Likely to Keep Rates 'Higher for Longer'

WASHINGTON , April 22, 2024 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) 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) 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 April 22, 2024 (collectively, the "Offer Documents"). Certain of the classes of Notes subject to the Offers were issued by the REMIC trusts identified in the table below (each, a "Trust").

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

WASHINGTON , April 18, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $509.1 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on April 9, 2024. FNA 2024-M4 marks the second Fannie Mae GeMS issuance of 2024.

Fannie Mae Priced $509.1 Million Multifamily DUS REMIC (FNA 2024-M4) Under Its GeMS Program

Latest FNM-HPI Reading Showed Year-over-Year Increase of 7.4 Percent in Q1 2024 WASHINGTON , April 17, 2024 /PRNewswire/ -- Single-family home prices increased 7.4 percent from Q1 2023 to Q1 2024, up from the previous quarter's revised annual growth rate of 6.6 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 1.7 percent in Q1 2024, essentially the same as the growth in Q4 2023.

Home Prices Moved Up Another 1.7% to Start the Year

WASHINGTON , April 11, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R03, an approximately $628 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.

Fannie Mae Prices $628 Million Connecticut Avenue Securities (CAS) REMIC Deal

Survey Shows Greater Optimism Toward Homebuying and Home-Selling Conditions, Even as Pessimism Toward Rates Jumps WASHINGTON , April 8, 2024 The Fannie Mae (OTCQB: FNMA ) Home Purchase Sentiment Index® (HPSI) decreased 0.9 points in March to 71.9, its first decline since November 2023, due primarily to increased pessimism about the direction of mortgage rates. Thirty-four percent of consumers now believe that mortgage rates will go up over the next 12 months, up from 32 percent last month and more than the 29 percent who believe rates will decline.

Households May Finally Be Adjusting to Higher Mortgage Rates

WASHINGTON , April 4, 2024 /PRNewswire/ -- Fannie Mae (FNMA/OTC) announced today that it has executed two new Credit Insurance Risk Transfer™ (CIRT™) transactions. Together, CIRT 2024-L2 and CIRT 2024-H1 transferred $709.0 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $22.0 Billion of Single-Family Loans

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.

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