FANNIE MAE - FNMA STOCK NEWS

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Fannie Mae (FNMA) serves as a pivotal player in the U.S. housing finance sector, facilitating affordable homeownership and rental options for millions of Americans. As a leading source of mortgage financing, Fannie Mae partners with lenders to offer sustainable home loans and rental housing. The company’s efforts ensure the availability of the 30-year fixed-rate mortgage, providing homeowners with stable and predictable payments over the life of the loan.

Fannie Mae's core mission is to advance equitable and sustainable access to quality housing. The company's recent highlights include the sale of non-performing loans aimed at reducing retained mortgage portfolios and community impact initiatives like the Community Impact Pool (CIP). These initiatives are designed to benefit non-profit organizations, minority- and women-owned businesses, and smaller investors.

Fannie Mae actively engages in reperforming loan sales and continues to drive innovation in homebuying and renting solutions. The company's latest Home Price Index (FNM-HPI) reported a 7.4% year-over-year increase in Q1 2024, reflecting the ongoing demand and supply dynamics in the housing market. Fannie Mae's economic forecasts suggest a modest rise in home sales for 2024, despite higher mortgage rates.

The company also launched fixed-price cash tender offers for Connecticut Avenue Securities® Notes, demonstrating its proactive approach to financial management. Fannie Mae is committed to maintaining transparency with stakeholders, regularly updating its financial results and hosting informative conference calls.

Fannie Mae’s economic and strategic research group, recognized for its forecasting accuracy, continuously analyzes market trends to inform stakeholders and guide the company's strategic direction. Through responsible innovation and dedicated partnerships, Fannie Mae remains at the forefront of transforming the U.S. housing finance system.

01/11/2024 10:00 AM

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Fannie Mae Announces Sale of Reperforming Loans

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Fannie Mae (FNMA) begins marketing sale of reperforming loans to reduce retained mortgage portfolio. Sale includes 4,874 loans with an unpaid principal balance of $859.2 million. Bids due on February 6, 2024.

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01/08/2024 08:30 AM

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Consumer Optimism About Mortgage Rates Jumps Significantly

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Fannie Mae (FNMA) Home Purchase Sentiment Index® (HPSI) increased 2.9 points in December to 67.2. 31% of consumers expect mortgage rates to go down, while 31% expect them to go up, and 36% expect rates to remain the same. The full index is up 6.2 points year over year.

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12/21/2023 04:05 PM

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Fannie Mae Releases November 2023 Monthly Summary

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Fannie Mae (OTCQB: FNMA) announces the launch of a new affordable housing initiative to address the housing crisis.

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14.67%

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12/18/2023 10:01 AM

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

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Fannie Mae (FNMA) predicts a slow but meaningful recovery in single-family home sales and mortgage origination activity in 2024 after a surprisingly resilient 2023. However, the same challenges that kept home sales at their lowest level since the Great Financial Crisis, such as affordability issues and lack of available homes, are expected to persist. The group also forecasts a modest downturn in 2024 followed by a return to growth in 2025. Fannie Mae's Senior Vice President and Chief Economist, Doug Duncan, expressed concerns about stretched consumer spending and restrictive monetary policy, leading to slightly negative growth in 2024.

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12/13/2023 11:00 AM

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

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Fannie Mae (FNMA) Announces 2024 CAS Issuance Calendar, Expects $4 Billion Volume

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12/11/2023 10:00 AM

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

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Fannie Mae (FNMA) Survey Panel Expects Annual National Home Price Growth of 2.4% in 2024 and 2.7% in 2025

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12/07/2023 08:30 AM

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Housing Sentiment Remains Stuck in Low-Level Plateau

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Fannie Mae (FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.6 points in November, with only 14% of consumers believing it's a good time to buy a home, a new survey low. The HPSI is up 7.0 points compared to the same time last year, reflecting persistent consumer pessimism regarding the state of the housing market.

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11/30/2023 09:56 AM

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

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Fannie Mae (FNMA) Receives 100 on 2023-2024 Corporate Equality Index for Ninth Consecutive Year

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-1.33%

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11/29/2023 04:05 PM

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Fannie Mae Releases October 2023 Monthly Summary

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Fannie Mae (OTCQB: FNMA) announces record-breaking third-quarter profits, with a 15% increase in net income compared to the same period last year.

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11/21/2023 04:00 PM

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Economy Expected to Slow in 2024, Rebound in 2025

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Fannie Mae (FNMA) predicts a mild recession in 2024 but a return to growth in 2025. Existing home sales are expected to decline further in the near term but bottom out in early 2024. Mortgage rates are forecasted to average 6.8 percent by the fourth quarter of 2024, leading to a modest increase in home sales but constrained by the 'lock-in effect' and low supply of homes for sale. New home sales and starts are expected to remain resilient in 2024.

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-1.39%

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FAQ

What is the current stock price of FANNIE MAE (FNMA)?

The current stock price of FANNIE MAE (FNMA) is $3.209 as of November 22, 2024.

What is the market cap of FANNIE MAE (FNMA)?

The market cap of FANNIE MAE (FNMA) is approximately 4.0B.

What is Fannie Mae’s primary role?

Fannie Mae provides mortgage financing to lenders, enabling affordable mortgage options and rental housing across the U.S.

What recent projects has Fannie Mae undertaken?

Fannie Mae recently announced the sale of non-performing and reperforming loans, and launched Community Impact Pools to benefit non-profits and smaller investors.

How does Fannie Mae support homeownership?

Fannie Mae enables the 30-year fixed-rate mortgage, offering stable and predictable payments, and provides tools and resources to help homebuyers, homeowners, and renters.

What is the Home Price Index (FNM-HPI) by Fannie Mae?

The FNM-HPI measures quarterly price changes for single-family homes in the U.S. As of Q1 2024, it reported a 7.4% annual increase.

How does Fannie Mae engage with stakeholders?

Fannie Mae maintains transparency through regular financial updates, economic forecasts, and informative conference calls.

What are Fannie Mae's Community Impact Pools?

Community Impact Pools are smaller loan pools aimed at non-profits, minority- and women-owned businesses, and smaller investors to foster community development.

What innovations has Fannie Mae introduced?

Fannie Mae drives responsible innovation to make homebuying and renting easier, fairer, and more accessible, including tools for homeowners and partnerships with lenders.

How is Fannie Mae impacting the housing market?

Fannie Mae plays a key role in providing financing, ensuring the availability of long-term fixed-rate mortgages, and supporting market stability through loan sales and economic research.

What financial condition is Fannie Mae in?

As of Q1 2024, Fannie Mae reported strong financials with ongoing efforts to manage mortgage portfolios and engage in strategic financial operations.

Where can I find more information about Fannie Mae?

More information is available on Fannie Mae's website and social media channels, including financial reports, news updates, and economic research insights.