Federal National Mortgage Association

Earnings data Q4 2019

Earnings data Q1 2020

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Federal National Mortgage Association is a government-sponsored company, which engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. It operates through the Single-Family and Multifamily segments. The Single-Family segment offers liquidity to the mortgage market and increases the availability and affordability of housing for single families. The Multifamily segment includes guaranty fees on mortgages and on multifamily mortgage loans. The company was founded in 1938 and is headquartered in Washington, DC.

Federal Home Loan Mortgage Corporation

Fair Isaac

The Federal Housing Finance Agency will require lenders that use credit scores for mortgage underwriting to use scores from both Fair Isaac Corp., the creator of FICO credit scores, and its competitor VantageScore Solutions.

FHFA Says Lenders Should Use FICO, VantageScore for Loans Sold to Fannie Mae, Freddie Mac

WASHINGTON , Oct. 21, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its tenth Credit Insurance Risk Transfer™ (CIRT™) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-10 transferred $265 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae Executes its Tenth Credit Insurance Risk Transfer Transaction of 2022 on $9.6 Billion of Single-Family Loans

FNM-HPI Measured Annual Home Price Growth of 13.8 Percent in Q3 2022 WASHINGTON , Oct. 17, 2022 /PRNewswire/ -- Single-family home prices increased at a non-seasonally adjusted annual rate of 13.8 percent in Q3 2022, down from the previous quarter's revised 19.1 percent, according to Fannie Mae's (OTCQB: FNMA) latest Home Price Index (FNM-HPI) reading, a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 0.2 percent in Q3 2022, the slowest quarter of growth since Q4 2011.

Home Price Growth Decelerated in the Third Quarter

Housing Slowdown Demonstrates Impact of Rapidly Risen Mortgage Rate Environment WASHINGTON , Oct. 12, 2022 /PRNewswire/ -- The combination of high inflation, monetary policy tightening, and a slowing housing market is still projected to tip the economy into a modest recession in the first quarter of 2023, according to the October 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group expects real gross domestic product (GDP) to grow 2.3 percent annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7 percent annualized in the fourth quarter as the effects of that activity wane.

Economy Expected to Contract Further in 2023, as the Fed Appears Resolved to Tame Inflation

Consumers Appear Increasingly Sensitive to Affordability Constraints of Higher Mortgage Rates and Elevated Home Prices WASHINGTON , Oct. 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 1.2 points in September to 60.8, its seventh consecutive monthly decline, amid growing affordability constraints. Surveyed consumers reported expectations that mortgage rates will move higher over the next 12 months, and, for the first time since May 2020, more respondents than not expect home prices to decline.

Housing Sentiment Dips Again, Inches Closer to All-Time Low

WASHINGTON , Oct. 6, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its twenty-eighth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 10,400 loans, having an unpaid principal balance of approximately $1.95 billion, and is available for purchase by qualified bidders.

Fannie Mae Announces Twenty-Eighth Sale of Reperforming Loans

A slowing housing market could bring a recession as soon as the first quarter of 2023, according to Fannie Mae. Here's what that means for you.

Housing market likely to tip economy into recession in 2023: Fannie Mae

WASHINGTON , Sept. 30, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  August 2022 Monthly Summary is now available.

Fannie Mae Releases August 2022 Monthly Summary

Realty Income Corp

Financial services veteran brings more than 30 years of finance, real estate, and community development expertise and a strong commitment to affordable housing WASHINGTON, Sept. 29, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced that it has appointed Priscilla Almodovar as Chief Executive Officer (CEO) and member of the Board of Directors, effective December 5, 2022.

Fannie Mae Announces Priscilla Almodovar as Chief Executive Officer

Fannie Mae has rolled out its Multifamily Positive Rent Payment Reporting program to help renters build credit history and improve their scores, a company press release said. It will start as of Sept.

Fannie Mae Debuts Rent Reporting to Boost Credit Scores

WASHINGTON , Sept. 27, 2022 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) is reminding homeowners and renters that have been or may be impacted by a natural disaster, including those affected by Hurricane Ian in Florida and other southeastern states, of available mortgage assistance and disaster relief options.

Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by Hurricane Ian

Fannie Mae Takes Another Step to Bolster Equitable Access to Credit for More Consumers WASHINGTON , Sept. 27, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the launch of its Multifamily Positive Rent Payment Reporting pilot program, aimed at helping renters build their credit history and improve their credit score.

Fannie Mae Launches Rent Payment Reporting Program to Help Renters Build Credit

WASHINGTON , Sept. 22, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its ninth Credit Insurance Risk Transfer™ (CIRT™) transaction of 2022.

Fannie Mae Executes its Ninth Credit Insurance Risk Transfer Transaction of 2022 on $21 Billion of Single-Family Loans

WASHINGTON , Sept. 21, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2022-R09, an approximately $591 million note offering that represents Fannie Mae's ninth CAS REMIC® transaction of the year.

Fannie Mae Prices $591 Million Connecticut Avenue Securities (CAS) REMIC Deal

Moon brings nearly 30 years of risk management experience to role WASHINGTON , Sept. 15, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it has appointed Anthony Moon as Executive Vice President and Chief Risk Officer (CRO), effective fourth quarter 2022.

Fannie Mae Names Anthony Moon Executive Vice President and Chief Risk Officer

WASHINGTON , Sept. 15, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-seventh reperforming loan sale transaction.

Fannie Mae Announces the Results of its Twenty-Seventh Reperforming Loan Sale Transaction

WASHINGTON , Sept. 14, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $604 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on September 8, 2022.

Fannie Mae Priced $604 Million Multifamily DUS REMIC (FNA 2022-M13) Under Its GeMS Program

Special situation securities can sometimes succeed even when the overall market is unruly. From the standpoint of market valuation, the Freddie Mac and Fannie Mae (F&F) preferred stocks are highly dependent on future court decisions and future actions of the Federal Housing Finance Agency.

Special Situation Spotlight On Freddie Mac And Fannie Mae Preferred Stocks

Year-over-Year Jump in Interest Rates Amplifying Perceptions of Unaffordability for Buyers and 'Lock-in Effect' for Sellers WASHINGTON , Sept. 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.8 points in August to 62.0, its sixth consecutive monthly decline, as high home prices and elevated mortgage rates continue to weigh on consumer sentiment, particularly home-selling sentiment.

High Home Prices, Mortgage Rates Weighing on Housing Sentiment

The economy is likely to see modest growth in the second half of 2022, followed by a mild recession next year, according to Fannie Mae's latest forecast.

Economy could see modest growth in second half of 2022: Fannie Mae

WASHINGTON , Aug. 31, 2022 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) July 2022 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.

Fannie Mae Releases July 2022 Monthly Summary

Housing Activity Expected to Soften Through 2023 Due to Higher Mortgage Rates and Home Price Gains WASHINGTON , Aug. 22, 2022 /PRNewswire/ -- Tightening monetary policy and elevated inflation remain the primary causes of a stagnating economy despite strong job growth, according to the August 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group's latest forecast of real gross domestic product (GDP) growth for full-year 2022 and 2023 remained essentially flat compared to last month at 0.0 percent and negative 0.4 percent, respectively.

Economy Constrained by Competing Effects of Elevated Inflation and Strong Labor Market

Fannie Mae (FNMAS) (FNMA) builds capital to exit the conservatorship. Inertia works for the company as the balance sheet ramps up. Needs $113b, retained $57b. Let's fill the gap. The Govt. owns 80% of equity via warrants and can exercise them to earn $72b on Fannie Mae alone and $100b+ total on Fannie Mae & Freddie Mac (FMCC) (FMCKJ).

Fannie Mae Is Rebuilding Capital To Exit The Conservatorship - Halfway There

WASHINGTON , Aug. 11, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its twenty-seventh sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 6,130 loans, having an unpaid principal balance of approximately $997 million, and is available for purchase by qualified bidders.

Fannie Mae Announces Twenty-Seventh Sale of Reperforming Loans

Experienced Financial Services Executive Will Lead Fannie Mae's Audit Strategy WASHINGTON , Aug. 10, 2022 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it has appointed Cissy Yang as Senior Vice President and Chief Audit Executive, effective September 12. In this role, Yang will be a member of Fannie Mae's Management Committee and will report to the Board of Directors and administratively to the President and Interim Chief Executive Officer (CEO).

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