Federal Nat - FNMA STOCK NEWS

Fannie Mae (FNMA) has announced it will release its fourth quarter and full-year 2024 financial results on Friday, February 14, 2025, before U.S. financial markets open. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results.

Prior to the call, Fannie Mae will make available its earnings news release, annual report on Form 10-K, and supplemental information on their Quarterly and Annual Results webpage. A transcript of the call will be published on the same webpage afterward and will remain accessible until the next quarterly earnings announcement.

Fannie Mae's Home Purchase Sentiment Index (HPSI) increased 0.3 points to 73.4 in January, showing a slight recovery after December's decline. The increase was driven by improved consumer optimism toward homebuying and home-selling conditions, along with higher expectations for home price appreciation.

However, consumer optimism about mortgage rates declined significantly, with a 13-percentage-point drop in those expecting rates to decrease. Additionally, 65% of consumers now expect rental prices to increase, up 8 percentage points from December.

Key findings include: unchanged sentiment about buying homes (22% good time, 78% bad time), stable selling conditions (63% good time, 36% bad time), increased home price rise expectations (43%, up from 38%), and decreased mortgage rate optimism. Fannie Mae forecasts mortgage rates to end 2025 around 6.5%, with multifamily rents expected to grow between 2.0% and 2.5% this year.

Fannie Mae (FNMA) has published its December 2024 Monthly Summary report. The report provides comprehensive data on the company's key performance metrics, including details about their gross mortgage portfolio, mortgage-backed securities, other guarantees, interest rate risk measures, and serious delinquency rates. The summary encompasses both monthly activities and year-to-date performance through December 2024.

Fannie Mae (FNMA) provided over $55 billion in multifamily financing during 2024, maintaining strong market support across various housing segments. Key achievements include: $6.3 billion in Multifamily Affordable Housing, $4.7 billion in Small Loans, $1.3 billion in Manufactured Housing, and $6.6 billion in Structured Transactions.

Notable highlights include a 101% year-over-year increase in Green Financing loan production, reaching $15.1 billion in 2024, up from $7.5 billion in 2023. Forward commitments grew significantly to $1.2 billion in 2024, compared to $326 million in 2023. The company has invested approximately $4 billion in Low-Income Housing Tax Credit (LIHTC) investments since 2018.

Walker & Dunlop led the top producers list with $7.04 billion in volume, followed by Berkadia Commercial Mortgage with $6.25 billion and CBRE Multifamily Capital with $6.17 billion.

Fannie Mae's Economic and Strategic Research (ESR) Group forecasts continued housing market challenges in their January 2025 commentary. Due to rising 10-year Treasury yields and increased mortgage rates, existing home sales are expected to remain near their lowest levels since 1995. The ESR Group has revised their mortgage rate projections upward to 6.5% for 2025 and 6.3% for 2026.

Home price appreciation is forecast to decelerate to 3.5% in 2025, down from 5.8% in 2024, with significant regional variations based on construction activity and housing supply. The group predicts real GDP growth of 2.2% for 2025, following an estimated 2.5% in 2024.

While the labor market shows resilience, affordability challenges persist due to high mortgage rates. A positive note is that income growth is expected to outpace both home and rent price increases, and new homes are becoming competitively priced with existing homes in many markets.

Fannie Mae's Home Price Index (FNM-HPI) shows single-family home prices increased 5.8% year-over-year in Q4 2024, accelerating from Q3's revised 5.4% growth. Quarterly prices rose 1.7% seasonally adjusted, up from Q3's 1.2%, while non-seasonally adjusted prices increased 0.3%.

The housing market faces challenges with historically low inventories due to the 'lock-in effect.' Mortgage rates, after reaching around 6.1%, are approaching 7%, further reducing homeowners' motivation to move. According to Fannie Mae's Chief Economist Mark Palim, 2025's housing market faces a complex situation where lower mortgage rates are needed to increase housing supply, but this could simultaneously boost demand from first-time homebuyers, potentially driving prices even higher.

Fannie Mae (FNMA) has announced disaster relief options for those affected by Southern California wildfires. The company offers mortgage assistance and disaster recovery support for impacted homeowners and renters. Key provisions include:

- Ability to reduce or suspend mortgage payments for up to 12 months through forbearance plans, with no late fees and suspended foreclosure proceedings
- Automatic 90-day forbearance authorization for servicers when homeowner contact cannot be established
- Post-forbearance options including Disaster Payment Deferral and Fannie Mae Flex Modification
- Free disaster recovery counseling services through HUD-approved counselors

The company provides support through their disaster recovery hotline (855-437-3243) and website resources. Counseling services include personalized recovery planning, assistance with FEMA claims, and ongoing guidance for up to 18 months.

Fannie Mae's Home Purchase Sentiment Index (HPSI) decreased 1.9 points to 73.1 in December 2024, yet remained 5.9 points higher than the previous year, primarily driven by mortgage rate optimism. 42% of consumers expect mortgage rates to decline over the next 12 months, down from 45% in November but significantly higher than December 2023's 31%.

The percentage of respondents viewing it as a good time to buy a home slightly decreased from 23% to 22%, while those considering it a good time to sell declined from 64% to 63%. Home price expectations remained stable, with 38% expecting prices to increase. The survey also showed 77% of employed respondents were not concerned about job loss, down from 78%, while household income sentiment improved slightly.

Fannie Mae's Chief Economist suggests that despite current market challenges, improved affordability conditions are expected in 2025 through modest mortgage rate declines, slower home price growth, and higher wages.

Fannie Mae (OTCQB: FNMA) has released its November 2024 Monthly Summary. The report provides comprehensive information about the company's monthly and year-to-date performance metrics, including details on their gross mortgage portfolio, mortgage-backed securities, other guarantees, interest rate risk measures, and serious delinquency rates.