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.

04/11/2024 11:30 AM

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Fannie Mae Prices $628 Million Connecticut Avenue Securities (CAS) REMIC Deal

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Fannie Mae (FNMA) priced $628 million note offering as part of CAS Series 2024-R03, representing the third CAS REMIC transaction of the year. The reference pool consists of 75,000 single-family mortgage loans valued at $26.2 billion. Morgan Stanley and BofA lead the transaction, with ongoing transparency efforts to aid credit investors.

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04/09/2024 10:00 AM

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Fannie Mae Announces Sale of Non-Performing Loans

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Fannie Mae (FNMA) announces the sale of non-performing loans, including the twenty-fourth Community Impact Pool, to reduce its retained mortgage portfolio. The sale includes a large pool of 1,205 loans totaling $221.9 million and a CIP with 52 loans totaling $14.5 million. The CIP focuses on loans in the New York area and aims to encourage participation from non-profits, MWOBs, and smaller investors. Bids are due by May 2 and May 16, 2024, for the large pool and CIP, respectively.

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04/08/2024 08:30 AM

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Households May Finally Be Adjusting to Higher Mortgage Rates

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Fannie Mae's Home Purchase Sentiment Index (HPSI) decreased by 0.9 points in March to 71.9, showing the first decline since November 2023. Despite this, there is greater optimism towards homebuying and home-selling conditions, even as pessimism towards rates jumps.

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04/04/2024 02:30 PM

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Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $22.0 Billion of Single-Family Loans

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Fannie Mae (FNMA/OTC) has executed two new Credit Insurance Risk Transfer™ (CIRT™) transactions, transferring $709.0 million of mortgage credit risk to private insurers and reinsurers. The covered loan pools consist of approximately 65,000 single-family mortgage loans with a total outstanding UPB of $22 billion. Fannie Mae retains risk for the first 160-175 basis points of loss on each pool, with insurers and reinsurers covering additional losses. The coverage is provided for 18 years and may be canceled after five years. Fannie Mae has acquired $26.9 billion of insurance coverage on $901.2 billion of single-family loans through the CIRT program since inception.

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03/27/2024 04:05 PM

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Fannie Mae Releases February 2024 Monthly Summary

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Fannie Mae (FNMA) announces a strategic partnership with a leading fintech company to enhance its digital mortgage services.

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03/26/2024 11:00 AM

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Fannie Mae Receives 2024 ENERGY STAR Partner of the Year Award for Sustained Excellence

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Fannie Mae receives the 2024 ENERGY STAR Partner of the Year award for its green financing initiatives, showcasing a commitment to energy efficiency in housing. The company's Multifamily and Single-Family businesses have been recognized for their contributions to promoting sustainable practices in the housing market.

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03/26/2024 10:00 AM

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

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Fannie Mae (FNMA) announces winning bidder for Community Impact Pool of non-performing loans in New York/New Jersey area, totaling $10.4 million. GITSIT Solutions, (Tourmalet) emerges as the winner. The transaction is expected to close on May 22, 2024.

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03/19/2024 10:30 AM

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Higher Mortgage Rate Forecast Leads to Decline in 2024 Home Sales Expectations

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Fannie Mae's Economic and Strategic Research Group predicts higher mortgage rates for 2024 due to increased inflation data, impacting home sales and mortgage originations. The 30-year fixed mortgage rate is forecasted to reach 6.4 percent by year-end, up from the previous 5.9 percent prediction. Despite mixed labor market indicators, the Federal Reserve is expected to maintain a less aggressive rate-cutting path. However, existing home sales are projected to rise, supported by new home listings and positive sentiment in the housing market.

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03/12/2024 10:00 AM

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

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Fannie Mae (FNMA) announces the results of its twenty-third non-performing loan sale transaction, totaling $235.8 million in unpaid principal balance. VRMTG ACQ, LLC wins the bid, with the transaction expected to close on April 25, 2024. The sale includes 1,581 deeply delinquent loans with specific loan pool details.

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03/07/2024 01:15 PM

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Fannie Mae Prices $751 Million Connecticut Avenue Securities (CAS) REMIC Deal

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Fannie Mae (FNMA) priced an approximately $751 million note offering under its CAS program, bringing the year-to-date issuance to $1.57 billion. The reference pool consists of 56,000 single-family mortgage loans with an unpaid balance of $18.6 billion. Wells Fargo and StoneX are the lead managers for the transaction.

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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.