FANNIE MAE - FNMA STOCK NEWS

Fannie Mae (OTCQB: FNMA) executed its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2022, covering $26.1 billion in unpaid principal balance (UPB) of fixed-rate loans acquired between January 2021 and March 2021. This deal transferred $770.7 million of mortgage credit risk to private insurers, aligning with Fannie Mae's goal to enhance private capital's role in the mortgage market. CIRT 2022-1 involves approximately 87,600 loans and is designed to mitigate taxpayer risk by maintaining a partnership with 22 insurers.

Fannie Mae (OTCQB: FNMA) announced the results of its 2021 Servicer Total Achievement and Rewards™ (STAR™) Program, recognizing 29 mortgage servicers for their performance and operational success. The STAR Program has been in place since 2011 and assesses servicers on general servicing, solution delivery, and timeline management. Recipients demonstrated commitment to improving homeownership access and supporting homeowners in forbearance and refinancing. The program aims to enhance servicing knowledge and align servicer performance with Fannie Mae's business goals.

Fannie Mae's February 2022 Economic Outlook highlights a shift in monetary policy as inflation hits a four-decade high. The Federal Reserve is expected to raise interest rates by 50 basis points in March, impacting GDP growth expectations for 2022, now forecasted at 2.8%. Housing activity is also projected to decline, with single-family home sales down 2.4%. Home price growth is expected to slow significantly, reducing to 7.6% for 2022. The Consumer Price Index is forecasted at 4.4% for 2022 and 2.5% for 2023, still above the Fed's target.

Fannie Mae (OTCQB: FNMA) announced its fourth quarter and full-year 2021 financial results, reporting a net income of $22.2 billion for the year and $5.2 billion for Q4 2021. The consolidated financial statements can be found in its 2021 Form 10-K, filed with the SEC. The company aims to advance equitable access to homeownership and quality rental housing across America. A conference call discussing these results is scheduled for 8:00 a.m. ET today. More details are available on their website.

Fannie Mae priced a $781 million Green Multifamily DUS^® REMIC on February 8, 2022, the second issuance of 2022 under its GeMS™ program. This issuance, FNA 2022-M1G, offers green investment opportunities backed by fixed-rate MBS collateral with an emphasis on environmental impact. The company has issued over $102 billion in Multifamily MBS through its green financing initiatives. All classes of this REMIC are guaranteed by Fannie Mae for timely interest and principal payments.

Fannie Mae (OTCQB: FNMA) will report its Q4 and full-year 2021 financial results on February 15, 2022, before U.S. markets open. A conference call will be held at 8:00 AM ET on the same day to discuss the results. The earnings release, annual report on Form 10-K, and additional information will be available on their financial results webpage. A transcript of the call will also be accessible there.

Fannie Mae (OTCQB: FNMA) has initiated the marketing of its twenty-fourth sale of reperforming loans, comprising approximately 8,050 loans with an unpaid principal balance of $1.3 billion. The sale aims to reduce the size of Fannie Mae's retained mortgage portfolio and is open to qualified bidders, with bids due by March 1, 2022. Purchasers are required to provide loss mitigation options to borrowers potentially facing re-default within five years post-sale. Citigroup Global Markets is partnering with Fannie Mae in this transaction.

The Home Purchase Sentiment Index (HPSI) from Fannie Mae decreased by 2.4 points to 71.8 in January 2022, marking its lowest level since May 2020. This decline, attributed to affordability constraints, reflects a growing pessimism among consumers, particularly younger households, about homebuying prospects. Only 25% of respondents view it as a good time to buy a home, while 70% believe it's a bad time. The index is down 5.9 points year-over-year, signaling potential slowing housing activity in the coming year.

On February 2, 2022, Fannie Mae priced its Connecticut Avenue Securities (CAS) Series 2022-R02, a $1.2 billion note offering, marking its second CAS REMIC transaction of the year. The reference pool consists of approximately 149,000 single-family mortgage loans totaling around $44 billion, acquired between January and April 2021. Fannie Mae retains significant tranches of the offering. With this deal, Fannie Mae has issued over $52 billion in CAS notes, transferring credit risk from nearly $1.8 trillion in single-family loans, aimed at enhancing market transparency.