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.

03/07/2024 08:30 AM

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Home-Selling Sentiment Moves Higher Ahead of Spring Homebuying Season

Rhea-AI Summary

Fannie Mae's Home Purchase Sentiment Index (HPSI) rose to 72.8, the highest level in nearly 2 years, driven by increased optimism in home-selling conditions. The index increased for the third consecutive month, with 65% of consumers viewing it as a good time to sell a home. However, only 19% feel it's a good time to buy. Despite a slight decrease in the expectation of lower mortgage rates, the overall index is up 14.8 points year over year.

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2.34%

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03/06/2024 10:23 AM

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Fannie Mae Provides Day 1 Certainty; New Enhancement Further Streamlines Mortgage Origination Process for Lenders and Homebuyers

Rhea-AI Summary

Fannie Mae introduces new capabilities in its automated underwriting system to streamline the mortgage origination process, enabling improved loan quality control, faster cycle times, and potential cost savings. The enhancement allows lenders to use a single 12-month asset verification report to validate borrower assets, income, and employment in one step, supporting access to credit and homeownership opportunities.

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3.23%

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03/01/2024 01:00 PM

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Fannie Mae Executes First Credit Insurance Risk Transfer Transaction of 2024 on $9.0 Billion of Single-Family Loans

Rhea-AI Summary

Fannie Mae (FNMA) executed its first Credit Insurance Risk Transfer transaction of 2024, transferring $355.6 million of mortgage credit risk to private insurers. The deal covers a pool of 28,000 single-family mortgage loans with an unpaid principal balance of $9.0 billion. The transaction includes fixed-rate, 30-year term mortgages with LTV ratios of 60.01% to 80.00%. Fannie Mae retains risk for the first 150 basis points of loss, with reinsurers covering the rest up to $355.6 million over an 18-year term.

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02/29/2024 04:05 PM

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Fannie Mae Releases January 2024 Monthly Summary

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

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02/29/2024 08:30 AM

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Expert Panel Upgrades Home Price Growth Outlook, Cites Supply Constraints and Lower Mortgage Rates

Rhea-AI Summary

Fannie Mae's Q1 2024 Home Price Expectations Survey predicts a 3.8% national home price growth in 2024, with experts foreseeing a median 6% mortgage rate by the year-end, indicating increased upside risk due to housing supply constraints and lower mortgage rates.

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-0.78%

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02/23/2024 08:30 AM

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Housing Activity Expected to Pick Up in 2024 as Rates Move Lower

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Fannie Mae's Economic and Strategic Research Group forecasts modest growth in existing home sales and new single-family housing starts in 2024 due to lower mortgage rates and improving homebuyer sentiment. The group expects mortgage rates to decrease slightly by the end of 2024 and 2025, while single-family starts are projected to increase despite a recent pullback. The forecast also includes an upgraded macroeconomic growth outlook for 2024 based on strong Q4 2023 GDP report and positive trends in population growth and immigration. However, concerns about softer consumer spending, slowing government spending growth, and cooling labor market persist.

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02/22/2024 04:35 PM

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Fannie Mae Appoints Peter Akwaboah as Chief Operating Officer

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Fannie Mae appoints Peter Akwaboah as Executive Vice President and COO, bringing nearly three decades of experience from the financial services industry. Akwaboah will oversee various functions and report to CEO Priscilla Almodovar, enhancing technology and operations capabilities.

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02/15/2024 07:28 AM

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Fannie Mae Reports Net Income of $17.4 billion for 2023 and $3.9 Billion for Fourth Quarter 2023

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Fannie Mae (FNMA) released its fourth-quarter and full-year 2023 financial results, along with filing its 2023 Form 10-K. The documents are available on their website. A conference call is scheduled to discuss the results.

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02/13/2024 10:00 AM

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Fannie Mae Announces the Results of its Thirtieth Reperforming Loan Sale Transaction

Rhea-AI Summary

Fannie Mae (FNMA) announces the results of its thirtieth reperforming loan sale, selling 2,722 loans totaling $499.6 million to Pacific Investment Management Company LLC. The transaction is expected to close by March 26, 2024, with specific loan pool details provided.

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-3.88%

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02/12/2024 10:15 AM

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Fannie Mae Recognizes 32 High-Performing Mortgage Servicers Across Three Key Performance Areas

Rhea-AI Summary

Fannie Mae's 2023 STAR Program recognizes 32 mortgage servicers for excellence in servicing, solution delivery, and timeline management. The program aims to improve industry standards and operational efficiency, highlighting top performers in the mortgage servicing sector.

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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.