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 , Aug. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) is reminding homeowners and renters impacted by natural disasters, including those affected by the ongoing wildfires in Hawaii, of available mortgage assistance and disaster relief options. Mortgage servicers are also reminded of options to assist homeowners under Fannie Mae's guidelines.

Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by Catastrophic Hawaii Wildfires

WASHINGTON , Aug. 10, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its twenty-ninth 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 2,030 loans, having an unpaid principal balance of approximately $414.9 million, and is available for purchase by qualified bidders.

Fannie Mae Announces Twenty-Ninth Sale of Reperforming Loans

But Only 18% Believe It's a Good Time to Buy a Home WASHINGTON , Aug. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased slightly in July, as consumers' increased confidence regarding their personal financial situations was largely offset by further pessimism toward homebuying conditions. Three of the HPSI's six components increased month over month, including the components measuring job security and home price expectations.

Consumers Report Improving Job Security, Healthy Household Finances

Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to 'AA+' from 'AAA' after the U.S. rating downgrade on Tuesday.

Fitch downgrades Fannie Mae, Freddie Mac after US rating cut

Federal National Mortgage Association (OTCQB:FNMA) Q2 2023 Earnings Call Transcript August 1, 2023 8:00 AM ET Company Participants Pete Bakel - Director of External Communications Priscilla Almodovar - Chief Executive Officer Chryssa Halley - Chief Financial Officer Operator Good day, and welcome to the Fannie Mae Second 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) Q2 2023 Earnings Call Transcript

WASHINGTON , Aug. 1, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its second quarter 2023 financial results and filed its Second Quarter 2023 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended June 30, 2023.

Fannie Mae Reports Net Income of $5.0 Billion for Second Quarter 2023

WASHINGTON , July 28, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $641 million Multifamily Social DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on July 21, 2023. FNA 2023-M1S marks the second Fannie Mae GeMS issuance of 2023.

Fannie Mae Priced $641 Million Multifamily Social DUS REMIC (FNA 2023-M1S) Under Its GeMS Program

WASHINGTON , July 26, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  June 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 June 2023 Monthly Summary

Company to Host Conference Call WASHINGTON , July 26, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its second quarter 2023 financial results on Tuesday morning, August 1, 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.

Fannie Mae Announces Scheduled Release of Second Quarter 2023 Financial Results

WASHINGTON , July 20, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R06, an approximately $766 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 $766 Million Connecticut Avenue Securities (CAS) REMIC Deal

Limited Supply of Homes for Sale Boosts Prices, New Home Construction WASHINGTON , July 19, 2023 /PRNewswire/ -- While the latest data on inflation has provided reason for optimism, less favorable base effects are likely to slow further progress in reducing annual inflation to the preferred 2-percent target, according to the  July 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Given the low rate of productivity gains, wage growth appears to remain too high for inflation to near its target rate anytime soon, and so the ESR Group is forecasting another rate hike later this month and even tighter monetary policy through the end of the year.

Inflation is Slowing, But Fully Quelling It Will Be Tough

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2023-R06 (CAS 2023-R06), a credit risk sharing transaction with a total note offering of $765,558,000. 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 64,468 residential mortgage loans with an outstanding principal balance of approximately $20.3 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2023-R06

FNM-HPI Showed Quarterly Increase of 1.9 Percent on Seasonally Adjusted Basis WASHINGTON , July 17, 2023 /PRNewswire/ -- Single-family home prices increased 3.0 percent from Q2 2022 to Q2 2023, down from the previous quarter's revised annual growth rate of 4.9 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 1.9 percent in Q2 2023, an acceleration from 1.3 percent growth in the first quarter.

Home Price Growth Again Surprises to the Upside

Company Earns Top Score on Disability Equality Index for Fourth Consecutive Year, and Named to Black Enterprise's 2023 Best Companies for DEI WASHINGTON , July 11, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it was recognized as a "Best Place to Work for Disability Inclusion" by the American Association of People with Disabilities and Disability:IN, receiving a top score of 100 on the 2023 Disability Equality Index ® (DEI®). In addition, Fannie Mae was included on Black Enterprise's "2023 Best Companies for DEI" list for its efforts to foster a more inclusive workplace.

Fannie Mae Named 'Best Place to Work for Disability Inclusion' and 'Best Company for DEI'

HPSI Remains Stuck at Relatively Low Level amid Ongoing Supply and Affordability Constraints WASHINGTON , July 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained mostly flat in June, increasing by only 0.4 points to 66.0, as difficult supply and affordability conditions continue to weigh on the housing market. While most of the HPSI's six components were little changed month over month, survey respondents did report that homebuying conditions improved slightly in June compared to May.

Consumer Confidence in Housing May Have Plateaued

An update on the events surrounding Fannie Mae and Freddie Mac, focusing on developments relevant to the GSEs' release. The upcoming Presidential Election may have a significant impact on the extent and timing of the release. The GSEs are making significant progress on earnings retention.

Fannie Mae And Freddie Mac: Lottery Tickets With Much Better Odds

WASHINGTON , June 30, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today published its 2022 Environmental, Social, and Governance (ESG) Report. The second annual report connects the company's stakeholders to Fannie Mae's mission of facilitating equitable and sustainable access to homeownership and quality affordable rental housing across America.

Fannie Mae Releases 2022 Environmental, Social, and Governance Report

WASHINGTON , June 29, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R05, an approximately $738 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 $738 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , June 26, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  May 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 May 2023 Monthly Summary

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2023-R05 (CAS 2023-R05), a credit risk sharing transaction with a total note offering of $738,197,000. 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 63,955 residential mortgage loans with an outstanding principal balance of approximately $20.2 billion as of the cu.

KBRA Assigns Preliminary Ratings to Fannie Mae's CAS 2023-R05

Lack of Homes for Sale Is Supporting Home Prices, New Home Construction WASHINGTON , June 26, 2023 /PRNewswire/ -- Mixed data has painted a muddled picture of macroeconomic conditions in recent months, though a recession remains the most likely outcome of the rapid tightening of monetary policy and late-stage business cycle dynamics, according to the June 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While inflation has moderated partly due to slowing domestic and global economic growth, the ESR Group believes continued robustness in the labor market risks an entrenchment of some core inflationary pressures.

Mixed Data Complicates Economic Forecast, though Recession Remains Likely

Company Begins Partnership with Certified Minority-Business Enterprise Protecdiv WASHINGTON , June 22, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its sixth and seventh Credit Insurance Risk Transfer™ (CIRT™) transactions of 2023. CIRT 2023-6 and CIRT 2023-7 in aggregate transferred $789 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $26.6 Billion of Single-Family Loans

Affordability Constraints Have Consumers Increasingly Convinced It's a Good Time to Sell, Bad Time to Buy WASHINGTON , June 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased in May by 1.2 points to 65.6, as affordability constraints continue to color consumers' perceptions of homebuying and home-selling conditions. Four of the HPSI's six components decreased month over month, most notably the component polling consumers' belief that it's a "good time to buy," which is once again nearing its survey low.

Perceived Homebuying and Home-Selling Conditions Diverged Further in May

SAN MATEO, Calif.--(BUSINESS WIRE)--Jupiter, the trusted leader in climate risk analytics, today announced that Fannie Mae is using the company's industry-leading product, ClimateScore™ Global, to assess the potential impacts of climate change on their mortgage portfolio backed by over 17 million U.S. single-family and multifamily residential assets. Jupiter ClimateScore Global uses the most authoritative climate models coupled with machine learning to predict and quantify physical climate risk.

Fannie Mae Assesses Residential Portfolio Risk Using Jupiter ClimateScore™ Global

Mr. Ragavan Brings Decades of Risk Management and Financial Services Experience to Accomplished and Diverse Fannie Mae Board WASHINGTON , June 5, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Chetlur S. Ragavan has been appointed to its Board of Directors and will serve on the Risk Policy and Capital Committee and Nominating and Corporate Governance Committee.

News for Federal National Mortgage Association Stock (FNMA)