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.

Fannie Mae outlined its housing market forecasts through 2025, including home sales and price growth. Lower borrowing costs will boost activity, but home sales will only marginally rise higher.

From mortgage rates to home sales, here are Fannie Mae's housing market forecasts for the next 2 years

WASHINGTON , Dec. 21, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  November 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 November 2023 Monthly Summary

Economy Expected to Decelerate in 2024 After Surprisingly Resilient 2023 WASHINGTON , Dec. 18, 2023 /PRNewswire/ -- Single-family home sales likely bottomed out in Q4 2023 and, due to the recent pullback in mortgage rates, are expected to begin a slow but meaningful recovery over the course of the next year, alongside upward-trending mortgage origination activity, according to the December 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Purchase mortgage applications have rebounded approximately 15 percent from their trough in November, a trend that the ESR Group expects to continue if mortgage rates continue to slide.

Home Sales, Mortgage Originations Likely to Begin Slow Recovery in 2024

WASHINGTON , Dec. 13, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today its 2024 Connecticut Avenue Securities® (CAS) Issuance Calendar as part of its efforts to ensure transparency in the market. Fannie Mae has the option to issue, or forgo issuance of, one or more CAS deals during each window.

Fannie Mae Announces 2024 Connecticut Avenue Securities (CAS) Issuance Calendar

Survey Panel Also Expects Mortgage Rates to Eventually Settle at Around 5.7% WASHINGTON , Dec. 11, 2023 /PRNewswire/ -- A panel of housing experts expects annual national home price growth of 2.4% in 2024 and 2.7% in 2025, according to the Q4 2023 Fannie Mae (OTCQB: FNMA) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The HPES polls over 100 experts across the housing and mortgage industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years, as measured by the Fannie Mae Home Price Index (FNM-HPI).

Expert Panel Sees Home Prices Rising 2.4% in 2024 and 2.7% in 2025, New Fannie Mae Survey Shows

Only 14% of Consumers Believe It's a Good Time to Buy a Home, a New Survey Low WASHINGTON , Dec. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.6 points in November, remaining within the bounds of the low-level plateau it established in the first half of 2023. Consumers' perceptions of homebuying conditions remain overwhelmingly pessimistic, as only 14% of consumers believe it's a good time to buy a home, a new survey low.

Housing Sentiment Remains Stuck in Low-Level Plateau

Fannie Mae's forecast model expects U.S. home prices to climb 2.8% in 2024. Want more stories from Lance Lambert's ResiClub in your inbox?

U.S. home prices to hold firm in 2024 even if a mild recession hits, Fannie Mae says

Company Scores 100 on 2023-2024 Corporate Equality Index for Ninth Consecutive Year WASHINGTON , Nov. 30, 2023 /PRNewswire/ -- Fannie Mae(OTCQB: FNMA) today announced it has been recognized with the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion from the Human Rights Campaign Foundation, receiving a score of 100 on its 2023-2024 Corporate Equality Index (CEI) for the ninth consecutive year. The annual benchmarking survey and report measures corporate policies, practices, and benefits related to LGBTQ+ workplace equality.

Fannie Mae Receives 'Equality 100 Award' from Human Rights Campaign Foundation

WASHINGTON , Nov. 29, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) October 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 October 2023 Monthly Summary

The downturn in the US housing market isn't ending anytime soon, Fannie Mae warned. That's because mortgage rates are set to stay elevated if the US avoids a recession.

The housing market will be stuck in a rut for a long time even if the US avoids a recession, Fannie Mae says

Home Sales Likely to Weaken in Near Term but Bottom Out Early Next Year WASHINGTON , Nov. 21, 2023 /PRNewswire/ -- Economic growth remains likely to decelerate and ultimately result in a mild recession in 2024, followed by a return to growth in 2025, according to the November 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While the combination of ongoing employment gains and decelerating inflation has increased the likelihood of a soft landing, the ESR group contends that, between a likely slowdown in consumption growth stemming from an imbalance between spending and incomes and the rising real federal funds rate weighing on consumer and business activity, a downturn remains the most likely outcome.

Economy Expected to Slow in 2024, Rebound in 2025

WASHINGTON , Nov. 21, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-second Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on January 22, 2024, and includes approximately 61 loans totaling $18.4 million in unpaid principal balance (UPB).

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

WASHINGTON , Nov. 20, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its ninth and final Credit Insurance Risk Transfer™ (CIRT™) transaction of 2023. CIRT 2023-9 transferred $270.7 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes its Final Credit Insurance Risk Transfer Transaction of 2023 on $11.5 Billion of Single-Family Loans

Fannie Mae Returns to Market with $595 Million Transaction, Complementing Other Multifamily Credit Risk Sharing Programs WASHINGTON , Nov. 20, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced its third Multifamily Connecticut Avenue Securities® (MCAS™) transaction, MCAS Series 2023-01, a $595 million note offering. MCAS, Fannie Mae's issuance program designed to share credit risk on its multifamily conventional guaranty book of business, complements the successful risk sharing in its Delegated Underwriting and Servicing (DUS®) and Multifamily Credit Insurance Risk Transfer (MCIRT™) programs.

Fannie Mae Prices Third Multifamily Connecticut Avenue Securities Deal

WASHINGTON, Nov. 17, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R08, an approximately $609 million note offering that represents Fannie Mae's eighth 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 $609 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , Nov. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $503 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on November 6, 2023. FNA 2023-M8 marks the third Fannie Mae GeMS issuance of 2023.

Fannie Mae Priced $503 Million Multifamily DUS REMIC (FNA 2023-M8) Under Its GeMS Program

President David C. Benson and Chief Administrative Officer Jeffery Hayward Announce Retirements WASHINGTON , Nov. 14, 2023 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today announced a series of leadership changes following decisions by two veteran executives that they will soon retire from the company.

Fannie Mae Announces Leadership Changes

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to 62 classes from Connecticut Avenue Securities, Series 2023-R08 (CAS 2023-R08), a credit risk sharing transaction with a total note offering of $573,483,000. 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 60,345 residential mortgage loans with an outstanding principal balance of approximately $18.9 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2023-R08

AMC Entertainment

Virgin Galactic

In the stock market, investors constantly seek stocks to sell to balance risk and reward. As they navigate the complex world, some stocks emerge as red flags, signaling potential trouble ahead.

The Countdown Begins: 3 Stocks to Offload Before the Next Market Crash

Housing Market Frustrations Continue, Too, with Survey-Record 85% of Consumers Saying It's a 'Bad Time' to Buy a Home WASHINGTON , Nov. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained largely flat in October, as consumer frustration toward housing unaffordability and an economy battling inflation continue to depress overall sentiment. Despite improvement in the share of consumers expressing greater job security and improved household income, 78% of respondents believe the economy is on the "wrong track," up 7 percentage points from last month, with the vast majority once again pointing at inflation as the top reason for that belief.

Consumers Increasingly Sour on Economy, Blame Inflation

Federal National Mortgage Association (OTCQB:FNMA) Q3 2023 Earnings Conference Call October 31, 2023 8:00 AM ET Company Participants Pete Bakel - Director of External Communications Priscilla Almodovar - Chief Executive Officer Chryssa Halley - Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Fannie Mae Third 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) Q3 2023 Earnings Call Transcript

WASHINGTON , Oct. 31, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its third quarter 2023 financial results and filed its Third Quarter 2023 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended September 30, 2023.

Fannie Mae Reports Net Income of $4.7 Billion for Third Quarter 2023

WASHINGTON , Oct. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its 2024 Benchmark Securities® Issuance Calendar (PDF). The 2024 Benchmark Securities Calendar identifies at least one calendar day per month for a Fannie Mae Benchmark Notes® announcement.

Fannie Mae Announces 2024 Benchmark Securities Issuance Calendar

WASHINGTON , Oct. 26, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) September 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 September 2023 Monthly Summary

Company to Host Conference Call WASHINGTON , Oct. 25, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its third quarter 2023 financial results on Tuesday morning, October 31, 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.

News for Federal National Mortgage Association Stock (FNMA)