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.

11/21/2023 10:00 AM

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Fannie Mae Announces Winner of Twenty-Second Community Impact Pool of Non-Performing Loans

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Fannie Mae (FNMA) announces the winning bidder for its twenty-second Community Impact Pool (CIP) of non-performing loans, totaling $18.4 million in unpaid principal balance. The winning bidder, 510 Residential Loan Acquisition V LLC (400 Capital), will close the transaction on January 22, 2024. The pool includes 61 loans with an average size of $301,717 and a weighted average note rate of 5.75%. The cover bid for the CIP was 82.12% of UPB (30.89% of BPO). All purchasers must honor loss mitigation efforts and offer delinquent borrowers a waterfall of options before initiating foreclosure.

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11/20/2023 11:00 AM

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Fannie Mae Executes its Final Credit Insurance Risk Transfer Transaction of 2023 on $11.5 Billion of Single-Family Loans

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Fannie Mae (OTCQB: FNMA) executed its final Credit Insurance Risk Transfer™ (CIRT™) transaction of 2023, transferring $270.7 million of mortgage credit risk to private insurers and reinsurers. Year to date, Fannie Mae acquired approximately $3.66 billion of insurance coverage on $121 billion of single-family loans from nine CIRT deals issued in 2023. The covered loan pool for CIRT 2023-9 consists of approximately 34,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $11.5 billion. Fannie Mae will retain risk for the first 165 basis points of loss on the $11.5 billion covered loan pool, with 21 reinsurers covering the next 235 basis points of loss on the pool, up to a maximum coverage of $270.7 million. The coverage for this deal is provided based upon actual losses for a term of 12.5 years, with the potential for reduction based on paydown and delinquency. Fannie Mae has acquired approximately $25.9 billion of insurance coverage on $870.2 billion of single-family loans through the CIRT program since its inception. The engagement from reinsurer partners has been instrumental, and Fannie Mae provides robust disclosure data and access to resources through its credit risk transfer webpages.

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11/20/2023 10:00 AM

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Fannie Mae Prices Third Multifamily Connecticut Avenue Securities Deal

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Fannie Mae (OTCQB: FNMA) returns to the market with its third Multifamily Connecticut Avenue Securities® (MCAS™) transaction, MCAS Series 2023-01, a $595 million note offering. The MCAS program shares credit risk on Fannie Mae's multifamily conventional guaranty book of business, complementing its Delegated Underwriting and Servicing (DUS®) and Multifamily Credit Insurance Risk Transfer (MCIRT™) programs. The reference pool for MCAS Series 2023-01 consists of 432 multifamily mortgage loans with an outstanding unpaid principal balance of approximately $24 billion. Fannie Mae will retain at least five percent of the underlying credit risk, corresponding to a vertical slice of each of the reference tranches, and will retain the full B-2H first-loss tranche. BofA Securities, Inc. is the lead structuring manager and bookrunner, and Nomura Securities International Inc. is the non-structuring lead manager.

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11/17/2023 11:00 AM

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Fannie Mae Prices $609 Million Connecticut Avenue Securities (CAS) REMIC Deal

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Fannie Mae (FNMA) Prices $609 Million Note Offering for CAS Series 2023-R08, Marking a Decade of Successful CAS Program. Fannie Mae announces the pricing of an approximately $609 million note offering for its Connecticut Avenue Securities (CAS) Series 2023-R08, representing the eighth CAS REMIC transaction of the year. The reference pool consists of approximately 60,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $18.9 billion. The pricing level and expected ratings for the offered classes are disclosed, and the lead structuring manager and joint bookrunner are identified. Fannie Mae also highlights the success of its CAS program over the past decade, with plans to continue regular issuance of CAS transactions in 2024, subject to market conditions.

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11/14/2023 04:55 PM

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Fannie Mae Priced $503 Million Multifamily DUS REMIC (FNA 2023-M8) Under Its GeMS Program

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Fannie Mae (FNMA) Prices $503 Million Multifamily DUS REMIC FNA 2023-M8: Fannie Mae priced a $503 million Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program. The syndicate process remains challenging, but the deal execution was swift. All classes of FNA 2023-M8 are guaranteed by Fannie Mae. The spread on FNA 2023-M8 was priced using the SOFR swap curve, and the collateral includes 61 Fannie Mae DUS MBS with a geographic distribution primarily in TX, VA, and GA.

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11/14/2023 04:22 PM

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Fannie Mae Announces Leadership Changes

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Fannie Mae (FNMA/OTCQB) announces President David C. Benson and Chief Administrative Officer Jeffery Hayward's retirements. CEO Priscilla Almodovar to assume the additional title of President upon Benson's departure. General Counsel Terry Theologides to succeed Hayward as Chief Administrative Officer.

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11/07/2023 10:00 AM

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Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale

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Fannie Mae announced the results of its twenty-second non-performing loan sale transaction, totaling $208.8 million in unpaid principal balance, with RCAF Loan Acquisition, LP (Pretium) as the winning bidder. The transaction is expected to close on December 22, 2023. Bids for Fannie Mae's Community Impact Pool are due on November 16, 2023.

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11/07/2023 08:30 AM

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Consumers Increasingly Sour on Economy, Blame Inflation

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The Fannie Mae Home Purchase Sentiment Index remained flat in October, with 85% of consumers indicating it's a bad time to buy a home due to high prices and mortgage rates. 78% believe the economy is on the wrong track, citing inflation as the primary reason.

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10/31/2023 07:23 AM

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Fannie Mae Reports Net Income of $4.7 Billion for Third Quarter 2023

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Fannie Mae has reported its third quarter 2023 financial results and filed its Form 10-Q with the SEC. The filing includes condensed consolidated financial statements for the quarter. The documents are available on Fannie Mae's website. A conference call to discuss the results is scheduled for today at 8:00 a.m. ET.

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10/27/2023 11:15 AM

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Fannie Mae Announces 2024 Benchmark Securities Issuance Calendar

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Fannie Mae announces its 2024 Benchmark Securities Issuance Calendar. The calendar includes monthly announcements for Benchmark Notes offerings and weekly auctions for Benchmark Bills.

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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.