FANNIE MAE - FNMA STOCK NEWS

Welcome to our dedicated page for FANNIE MAE news (Ticker: FNMA), a resource for investors and traders seeking the latest updates and insights on FANNIE MAE stock.

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.

04/23/2024 08:30 AM

News

Hot Economy, Inflation Likely to Keep Rates 'Higher for Longer'

Rhea-AI Summary

Fannie Mae's Economic and Strategic Research Group predicts higher mortgage rates due to stronger economic and inflation data, leading to fewer Federal Reserve rate cuts. Despite this, an increase in new home listings is expected to boost sales, offsetting the impact of rising rates. The group forecasts a modest rise in existing home sales, with new listings outpacing sales, helping to stabilize housing inventory and slow down home price growth. However, the group anticipates a 4.8% rise in home prices for 2024 and a further 1.5% increase in 2025. The ESR Group suggests that interest rates may remain higher for a longer period, impacting home sales and affordability, but expects economic growth and inflation to moderate over time.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.4%

Tags

04/22/2024 09:00 AM

News

Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes

Rhea-AI Summary

Fannie Mae (FNMA/OTCQB) has announced fixed-price cash tender offers for the purchase of certain CAS Notes, listing material pricing terms. The Offers will expire on April 26, 2024, with a Settlement Date expected on April 30, 2024. Holders must tender their Notes by the Expiration Time to be eligible for the Tender Offer Consideration.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

6.72%

Tags

04/18/2024 11:30 AM

News

Fannie Mae Priced $509.1 Million Multifamily DUS REMIC (FNA 2024-M4) Under Its GeMS Program

Rhea-AI Summary

Fannie Mae priced a $509.1 million Multifamily DUS REMIC under its GeMS program, marking the second issuance of 2024. The offering received strong investor interest despite market challenges. All classes are guaranteed by Fannie Mae, with details provided in the structure table. The collateral includes 76 Fannie Mae DUS MBS with a geographic distribution in TX, FL, and IL. The weighted average DSCR is 1.42x, and the LTV is 58.8%.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-8.97%

Tags

04/17/2024 09:00 AM

News

Home Prices Moved Up Another 1.7% to Start the Year

Rhea-AI Summary

Fannie Mae's latest Home Price Index (FNM-HPI) report reveals a 7.4% year-over-year increase in single-family home prices in Q1 2024, with a 1.7% rise in home prices from the previous quarter. The report highlights the continued growth in home prices due to supply constraints and stable mortgage rates, with expectations of modestly rising home sales in the current year.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.4%

Tags

04/16/2024 10:00 AM

News

Fannie Mae Announces Sale of Reperforming Loans

Rhea-AI Summary

Fannie Mae initiates the sale of reperforming loans to reduce its retained mortgage portfolio, offering approximately 6,507 loans with an unpaid principal balance of $1.470 billion. The sale, in collaboration with Citigroup Global Markets, Inc., requires buyers to provide loss mitigation options to borrowers and honor existing arrangements. Bids are due on May 9, 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-2.72%

Tags

04/11/2024 11:30 AM

News

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

Rhea-AI Summary

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.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

3.25%

Tags

04/09/2024 10:00 AM

News

Fannie Mae Announces Sale of Non-Performing Loans

Rhea-AI Summary

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.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

6.08%

Tags

04/08/2024 08:30 AM

News

Households May Finally Be Adjusting to Higher Mortgage Rates

Rhea-AI Summary

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.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

14.73%

Tags

04/04/2024 02:30 PM

News

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

Rhea-AI Summary

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.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

03/27/2024 04:05 PM

News

Fannie Mae Releases February 2024 Monthly Summary

Rhea-AI Summary

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

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-16.04%

Tags

FAQ

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

The current stock price of FANNIE MAE (FNMA) is $2.63 as of December 24, 2024.

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

The market cap of FANNIE MAE (FNMA) is approximately 3.2B.

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.