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

The litigation lottery ticket doesn't pan out.

Fannie Mae and Freddie Mac Shareholders Lose in Court; Here's What That Means for the Stock

The Supreme Court dealt shareholders a blow in a long-standing case in which they claimed that Fannie Mae and Freddie Mac overpaid the Treasury by roughly $124 billion.

Why the Stocks of Fannie Mae and Freddie Mac, and Their Preferred Shares, All Plummeted Today

In a decision in which five of six conservative U.S. Supreme Court Justices concurred and in which the rest of the Justices concurred in part, the Supremes threw out a challenge launched by investors in Fannie Mae (FNMA) and Freddie Mac (FMCC) who were seeking a share of some $100 billion in the two agencies' profits.

US Supreme Court Dashes Fannie, Freddie Investors Hopes of $100 Billion Payday

The mortgage giants have been a popular trade for hedge funds. But a Supreme Court decision makes it less likely those bets will pay off.

Fannie Mae and Freddie Mac Slide as the Supreme Court Rebuffs on Traders' Payout Hopes

Shares of Fannie Mae and Freddie Mac plunged Wednesday after the U.S. Supreme Court ruled that the structure of the agency that oversees the mortgage giants violates the separation of powers principles in the Constitution.

Fannie Mae, Freddie Mac shares crater after Supreme Court ruling

Shares of Fannie Mae and Freddie Mac collapsed on Wednesdayafter the Supreme Court dismissed a challenge from shareholders over the sweep of profits to the Treasury. The high court ruled that the Federal Housing Finance Agency acts as a conservator, it may aim to rehabililate the companies in a way that serves the public and not the companies' best interest.

Fannie Mae and Freddie Mac shares dive after Supreme Court ruling

WASHINGTON, June 17, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced an $879 million Green Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on June 16, 2021. FNA 2021-M2G marks the seventh Fannie Mae GeMS issuance of 2021.

Fannie Mae Priced $879 Million Green Multifamily DUS REMIC (FNA 2021-M2G) Under Its GeMS Program

WASHINGTON, June 16, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today published its annual Green Bond Impact Report, "Our Next Chapter in Green Bonds Leadership," to provide transparency into the estimated environmental, social, and economic benefits of Fannie Mae Green Bonds. As the largest green bond issuer in the world, Fannie Mae issued nearly $88 billion of Multifamily Green Mortgage-Backed Securities (MBS) from its first issuance in 2012 through year-end 2020, and has resecuritized approximately $11 billion Multifamily Green MBS into Real Estate Mortgage Investment Conduits (REMICs) as part of its Guaranteed Multifamily Structures (Fannie Mae GeMS™) program.

Fannie Mae Expanded Its Nearly $88 Billion Green Bond Business in 2020, Adding Single-Family Green Bonds to Its Offerings

WASHINGTON, June 16, 2021 /PRNewswire/ -- Economic growth expectations for full-year 2021 were revised modestly upward to 7.1 percent, one-tenth higher than the previous forecast, due to stronger-than-expected consumer spending data year to date, according to the June 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group also continues to forecast a deceleration in the recently rapid growth trajectory, projecting economic growth to slow to 5.5 percent in the fourth quarter of 2021 and 2.2 percent in the fourth quarter of 2022.

Inflation Risk Takes Center Stage as Strong Economic Growth Expected to Moderate

WASHINGTON, June 10, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its twenty-first 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 12,200 loans, having an unpaid principal balance of approximately $1.6 billion, and is available for purchase by qualified bidders.

Fannie Mae Announces Twenty-first Sale of Reperforming Loans

WASHINGTON, June 10, 2021 /PRNewswire/ -- For the third consecutive quarter, an increased share of mortgage lenders expect profit margins to retreat further from last year's highs, according to Fannie Mae's (OTCQB: FNMA) Q2 2021 Mortgage Lender Sentiment Survey ® (MLSS). According to the second quarter survey, 69% of lenders believe profit margins will decrease in the three months ahead compared to 52% in the prior quarter, while 19% believe profits will remain the same and 11% believe profits will increase.

Mortgage Lenders' Profitability Outlook Tightens Further Following 2020 Refi Boom

WASHINGTON, June 7, 2021 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained relatively flat in May, increasing by 1.0 points to 80.0. Four of the HPSI's six components increased month over month, most notably the components related to personal finance, as consumers reported a much greater sense of job security and improved household income compared to the same time last year.

Consumer Perception of Homebuying Conditions Worsens as Affordability and Supply Issues Persist

WASHINGTON, June 3, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) is helping to demystify the homebuying process for future homeowners with "Your Own Story," a campaign designed to increase consumer knowledge with facts and figures that dispel myths about what it takes to achieve sustainable homeownership. In honor of National Homeownership Month, these resources provide consumers the necessary tools to take the first steps in the homebuying process.

Fannie Mae Launches 'Your Own Story,' Provides Important Facts and Information for Future Homeowners

WASHINGTON, June 3, 2021 /PRNewswire/ -- To continue to support renters in multifamily units and Fannie Mae-financed multifamily property owners experiencing financial difficulties as COVID-19 persists, Fannie Mae (OTCQB: FNMA) today announced the extension of its multifamily COVID-19 forbearance program through September 30, 2021. The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was formerly set to expire on June 30, 2021.

Fannie Mae Extends Protections for Renters Affected by COVID-19

SitusAMC's Tim Rood has been hosting episodes of "On The Hill" with people who talk about the housing industry.

Craig Phillips Interview Confirms Pending GSE Restructuring And IPO Narrative

WASHINGTON, May 27, 2021 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) April 2021 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, serious delinquency rates, and loan modifications.

Fannie Mae Releases April 2021 Monthly Summary

The new initiative is intended to help an estimated 2 million homeowners refinance their mortgage at a lower interest rate.

Fannie Mae's refinance program for lower-income homeowners starts next week. Here's what to know

WASHINGTON, May 26, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) has appointed Malloy Evans to the position of Executive Vice President and Head of Single-Family, effective immediately. Evans was previously Senior Vice President and Chief Credit Officer for Fannie Mae's Single-Family Business, where he managed first-line credit risk from mortgage acquisition through disposition and oversaw the establishment of selling and servicing risk policies and eligibility standards to ensure sustainable lending practices for the loans Fannie Mae acquires.

Fannie Mae Promotes Malloy Evans to EVP and Head of Single-Family

WASHINGTON, May 19, 2021 /PRNewswire/ -- Expectations for full-year 2021 economic growth were revised upward in May to 7.0 percent, a modest improvement from last month's projection of 6.8 percent, attributable primarily to stronger-than-expected first quarter real GDP growth and an improved near-term outlook for consumer spending, according to the May 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The additional strength in consumer spending was previously projected to occur later in 2021 or early 2022, but recent incoming data increasingly points to eagerness on the part of consumers amid continued progress mobilizing COVID-19 vaccinations and waning virus-related restrictions.

Economy Expected to Heat Up Through the Summer as Inflation Risks Mount

WASHINGTON, May 17, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $691 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on May 12, 2021. FNA 2021-M13 marks the sixth Fannie Mae GeMS issuance of 2021.

Fannie Mae Priced $691 Million Multifamily DUS REMIC (FNA 2021-M13) Under Its GeMS Program

WASHINGTON, May 11, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twentieth reperforming loan sale transaction. The deal, which was announced on April 8, 2021, included the sale of approximately 24,600 loans totaling $4.25 billion in unpaid principal balance (UPB), divided into five pools.

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

Fannie and Freddie, backed by US taxpayers, have dominated the secondary mortgage market for decades. This dominance is problematic for the Biden administration because it violates (at the very least) the spirit of the GSE's federal charters.

Overreliance On Fannie And Freddie Violates Their Federal Charters

Legal rulings for GSE APA Claims have been making progress since 2017 and have now made their way to the Supreme Court. Fannie and Freddie enable the 30-year fixed rate mortgage and thus the American Dream.

Evolution Of GSE APA Rulings Supports The American Dream

WASHINGTON, May 7, 2021 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased in April by 2.7 points to 79.0. Four of the HPSI's six components decreased month over month, most notably the component related to home-buying conditions, which turned net negative for the first time in the survey's history.

HPSI Dips as Consumers' Pessimism Toward Homebuying Conditions Sets Survey Record

WASHINGTON, May 5, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today issued additional details about its new RefiNow™ option, which is available for qualifying homeowners with a Fannie Mae-owned mortgage beginning June 5, 2021. Initially announced April 28 by the Federal Housing Finance Agency, RefiNow makes it easier for eligible homeowners earning at or below 80% area median income (AMI) to refinance at a lower interest rate and reduce their monthly mortgage payment.

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