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.

Company Provided Needed Liquidity Across Housing Sectors, Including Robust Support for Structured Transactions, Green Financing, and Multifamily Affordable Housing WASHINGTON , Jan. 25, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) provided more than $52 billion in financing to support the multifamily market in 2023, the company announced today. Fannie Mae has expanded access to affordable housing for those who need it most through its Delegated Underwriting and Servicing (DUS®) platform, in addition to committing approximately $4 billion in net equity to Low-Income Housing Tax Credit investments since re-entering the space in 2018.

Fannie Mae Multifamily Closes 2023 With More than $52 Billion in Volume

WASHINGTON , Jan. 25, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R01, an approximately $819 million note offering that represents Fannie Mae's first 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 $819 Million Connecticut Avenue Securities (CAS) REMIC Deal

New Mission-Centered MBS and Retooled Disclosures to Support Affordable Housing WASHINGTON , Jan. 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the launch of its Single-Family Social Bond Framework and updates to disclosures for the company's Single-Family mortgage-backed securities (MBS), aimed to further support access to credit and affordable housing as part of its mission and goals. The updated Social Bond Framework describes the Fannie Mae mortgage collateral eligible to be pooled, issued, and labeled as Single-Family "Social MBS.

Fannie Mae Announces Single-Family Social Bond Framework

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2024-R01 (CAS 2024-R01), a credit risk sharing transaction with a total note offering of $752,249,000. 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 59,883 residential mortgage loans with an outstanding principal balance of approximately $19.2 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2024-R01

ESR Group's 2024 Theme: "Housing Seeks Balance Amid Economic Uncertainty" WASHINGTON , Jan. 18, 2024 /PRNewswire/ -- The housing market is expected to begin a gradual return to a more normal balance in 2024, following years of significant oscillations in mortgage rates and divergences of key housing market measures from their historical, pre-pandemic relationships, according to the January 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group expects mortgage rates to decline in 2024, ending the year below 6 percent.

Mortgage Rates Expected to Dip Below 6 Percent in 2024, Boosting Home Sales

FNM-HPI Showed Quarterly Increase of 1.7 Percent on Seasonally Adjusted Basis WASHINGTON , Jan. 16, 2024 /PRNewswire/ -- Single-family home prices increased 7.1 percent from Q4 2022 to Q4 2023, up from the previous quarter's revised annual growth rate of 5.1 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 Q4 2023, a deceleration from 2.1 percent growth in the third quarter.

Home Price Growth Falls Further in Fourth Quarter

Survey-High Share of Consumers Now Expect Mortgage Rates to Go Down WASHINGTON , Jan. 8, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 2.9 points in December to 67.2, due primarily to a significant jump in the share of consumers expecting mortgage rates to go down over the next 12 months. In December, a survey-high 31% of consumers indicated that they expect mortgage rates to go down, while 31% expect them to go up, and 36% expect rates to remain the same.

Consumer Optimism About Mortgage Rates Jumps Significantly

SAN FRANCISCO--(BUSINESS WIRE)--Blend, a leading provider of cloud banking services, announced today that it supports Fannie Mae's Desktop Underwriter® (DU®) early assessment enhancement with a direct integration from Blend's soft credit pull functionality. Blend's soft credit pull feature enables lenders to reduce the costs associated with the early stages of the mortgage origination process, as well as help educate borrowers earlier in their home buying journey. Starting in 2023, the cost to.

Blend's Soft Credit Functionality Supports Fannie Mae's Desktop Underwriter Early Assessment Enhancement

Federal Home Loan Mortgage Corporation

Redfin

Mortgage rates have fallen for the past nine straight weeks. Mortgage applications and new home listings have simultaneously surged.

Why Fannie Mae, Freddie Mac, and Redfin Soared This Week

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.

News for Federal National Mortgage Association Stock (FNMA)