Federal Nat - 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.

01/25/2024 02:00 PM

News

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

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Fannie Mae (FNMA) provided over $52 billion in financing to support the multifamily market in 2023, expanding access to affordable housing through its DUS platform and committing approximately $4 billion in net equity to Low-Income Housing Tax Credit investments. The company also saw a 29% year-over-year gain in its Manufactured Housing Communities loan production, reaching $3.5 billion in 2023. Top DUS lenders and producers for various housing segments are also highlighted in the press release.

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01/25/2024 11:00 AM

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Fannie Mae Prices $819 Million Connecticut Avenue Securities (CAS) REMIC Deal

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Fannie Mae (FNMA) priced an approximately $819 million note offering, representing its first CAS REMIC transaction of the year. The reference pool for CAS Series 2024-R01 consists of around 60,000 single-family mortgage loans with an outstanding unpaid principal balance of about $19.2 billion. Fannie Mae will retain a portion of the tranches and initially will retain the full 1B-3H first-loss tranche. BofA Securities, Inc. and Cantor Fitzgerald & Co. are the lead structuring manager and co-lead manager respectively. With the completion of this transaction, Fannie Mae will have brought 62 CAS deals to the market, issued over $65.3 billion in notes, and transferred a portion of the credit risk to private investors on over $2.1 trillion in single-family mortgage loans.

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01/23/2024 10:00 AM

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Fannie Mae Announces Single-Family Social Bond Framework

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Fannie Mae (FNMA) announces the launch of its Single-Family Social Bond Framework and updates to disclosures for the company's Single-Family mortgage-backed securities (MBS) to support access to credit and affordable housing. The company plans to rebrand the Social Index as the 'Mission Index' and assign the Social label to Single-Family MBS meeting the criteria beginning in June 2024. Fannie Mae aims to provide impact reporting annually starting in 2025 to help the market understand the associated impact of the loans underlying their investments.

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01/18/2024 08:30 AM

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

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Fannie Mae's Economic and Strategic Research (ESR) Group expects the housing market to return to a more balanced state in 2024, with mortgage rates declining and refinance volumes increasing. The annualized pace of existing home sales is projected to rise to 4.5 million units by Q4 2024, and new home sales are forecasted to top 2023 levels. Home price growth is expected to slow down to 3.2 percent in 2024, compared to 7.1 percent in 2023. The ESR Group also anticipates a brighter economic backdrop for 2024, with a positive-but-below-trend growth outlook, despite significant downside risks.

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01/16/2024 10:00 AM

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Home Price Growth Falls Further in Fourth Quarter

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Fannie Mae's Home Price Index (FNM-HPI) reported a 7.1% increase in single-family home prices from Q4 2022 to Q4 2023. On a quarterly basis, home prices rose 1.7% in Q4 2023, a deceleration from the previous quarter. The report attributes the slower growth to interest rates peaking near 8%, impacting housing demand. However, housing demand held up well in 2023, driven by Millennials and strong household finances.

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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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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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FAQ

What is the current stock price of Federal Nat (FNMA)?

The current stock price of Federal Nat (FNMA) is $7.3 as of February 21, 2025.

What is the market cap of Federal Nat (FNMA)?

The market cap of Federal Nat (FNMA) is approximately 6.6B.

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.