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 two mortgage giants are down sharply after some negative news.

Here's Why Fannie Mae and Freddie Mac Are Plunging on Tuesday

U.S. Supreme Court justices on Wednesday questioned a bid by shareholders of Fannie Mae and Freddie Mac to pursue legal claims arising from the government's rescue of the mortgage finance firms following the 2008 housing crisis.

U.S. Supreme Court weighs shareholder suit over Fannie Mae, Freddie Mac

The mortgage giants are stimulating the economy by keeping home loans flowing --- something the private sector didn't do during the 2008 financial crisis.

Outside the Box: Fannie and Freddie are helping American homeowners during the COVID recession — so why reprivatize now?

Fannie and Freddie's critics seem to incorrectly think that Fannie and Freddie need to raise money and exit conservatorship before inauguration or Biden will nationalize them. Fannie and Freddie's equity will be restructured and then they will be put on the path to eventually exit conservatorship via consent decree which will involve massive capital raises.

A December To Remember: GSE Big Bang PSPA Amendment

WASHINGTON, Dec. 4, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $595 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on December 3, 2020. FNA 2020-M53 marks the eleventh Fannie Mae GeMS issuance of 2020. "We were...

Fannie Mae Prices $595 Million Multifamily DUS REMIC (FNA 2020-M53) Under Its GeMS Program

In an appearance on Capitol Hill this week, Treasury Secretary Steven Mnuchin emphasized that Fannie and Freddie should have ‘appropriate capital' before ending government control.

‘It is just a road that could take several years.' Prospects for a quick privatization of Fannie Mae and Freddie Mac dim following Mnuchin comments

WASHINGTON, Nov. 30, 2020 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) October 2020 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...

Fannie Mae Releases October 2020 Monthly Summary

Fannie Mae and Freddie Mac have seen their valuations climb in the days since the Federal Housing Finance Agency finalized the capital rule for them. Common shares of both government-sponsored enterprises climbed more than 30%, while their preferred shares increased by more than 10%.

Fannie Mae, Freddie Mac Valuation Jumps After Capital Rule Finalized

FHFA, Fannie and Freddie will now turn to how the companies will be able to raise hundreds of billions of dollars needed to meet the new capital requirements. According to Bloomberg, an FHFA official said the agency wants to permanently end the sweep of profits to the Treasury.

Imminent Major GSE Equity Restructuring To Unlock Shareholder Gains

The mortgage giants are among the market's best performers

Here's Why Fannie Mae and Freddie Mac Are Soaring on Friday

WASHINGTON, Nov. 16, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its eighteenth reperforming loan sale transaction. The deal, which was announced on October 15, 2020, included the sale of approximately 6,300 loans totaling $729.6 million in unpaid...

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

WASHINGTON, Nov. 13, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $783 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on November 10, 2020. FNA 2020-M52 marks the tenth Fannie Mae GeMS issuance of 2020. "In a week...

Fannie Mae Prices $783 Million Multifamily DUS REMIC (FNA 2020-M52) Under Its GeMS Program

In recent weeks, former Freddie Mac CEO Don Layton wrote two monographs about Fannie Mae and Freddie Mac privatization and GSE reform. Analyst Dick Bove of Odeon Capital read those monographs and set out what he thinks must happen to provide the best possible results for investors.

Fannie Mae Privatization: One Analyst Thinks This Needs To Happen

The capital rule is set to be imminently finalized which sets off a chain of events that is contingent on Treasury's Mnuchin agreeing to a PSPA modification or bust. Once finalized, FHFA director Calabria has an obligation to request capital restoration plans (CRPs) from Fannie and Freddie who have 30 days to submit for approval.

Incoming Frannie Final Capital Rule Is Ignition Sequence For IPO

WASHINGTON, Nov. 4, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced that Sheila C. Bair will succeed Jonathan Plutzik as Chair of Fannie Mae's Board of Directors, effective November 20, 2020. The Board unanimously passed a resolution appointing her Chair on October 28, 2020....

Fannie Mae Names Sheila C. Bair as New Chair of the Board of Directors

Analyst Dick Bove of Odeon Capital has long been arguing against buying the common shares of Fannie Mae and Freddie Mac, but his latest argument in favor of housing reform could offer reasons to buy those common shares. He believes Fannie Mae and Freddie Mac will be strengthened next year because of the need to provide a boost to housing, and he suggests that history may repeat itself to make that happen.

Fannie Mae Will Be Strengthened For Housing In 2021

WASHINGTON, Oct. 30, 2020 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) September 2020 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...

Fannie Mae Releases September 2020 Monthly Summary

Federal National Mortgage Association's (FNMA) CEO Hugh Frater on Q3 2020 Results - Earnings Call Transcript

WASHINGTON, Oct. 29, 2020 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today reported its third quarter 2020 financial results and filed its third quarter 2020 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter...

Fannie Mae Reports Net Income of $4.2 Billion for Third Quarter 2020

WASHINGTON, Oct. 26, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its 2021 Benchmark Securities® Issuance Calendar (PDF). The calendar provides opportunities for investors and other market participants to utilize Fannie Mae Benchmark Securities for their respective...

Fannie Mae Announces 2021 Benchmark Securities Issuance Calendar

WASHINGTON, Oct. 26, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its third quarter 2020 financial results on Thursday morning, October 29, 2020, before the opening of U.S. financial markets. Fannie Mae will host a conference call for the media to discuss...

Fannie Mae Announces Scheduled Release of Third Quarter 2020 Financial Results

One of the reasons to invest in Fannie Mae and Freddie Mac is because they will soon be out of government control in the form of their conservatorships. However, there's no denying that Fannie Mae and Freddie Mac will remain under some level of government control because of their prominent place in the housing industry.

Calabria Wants Total Government Control Over Fannie Mae, Freddie Mac

SCOTUS has scheduled the Collins oral argument for December 9, 2020. I believe the government will want to settle Collins before this date. What might this settlement look like? The settlement must have an economic component (at a minimum, eliminating Treasury's senior preferred stock), and should have a GSE status component (releasing GSEs from conservatorship into consent decrees).

For Fannie And Freddie Shareholders, Crunch Time Approaches: Given The Availability Of Prejudgment Interest, Things Are Getting Curiouser

I Am 43% Genworth And 57% Fannie And Freddie Preferred

WASHINGTON, Oct. 16, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $536 million Green Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on October 15, 2020. FNA 2020-M46 marks the ninth Fannie Mae GeMS issuance of 2020. "The...

News for Federal National Mortgage Association Stock (FNMA)