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 National Mortgage Association (OTCQB:FNMA) Q3 2023 Earnings Conference Call October 31, 2023 8:00 AM ET Company Participants Pete Bakel - Director of External Communications Priscilla Almodovar - Chief Executive Officer Chryssa Halley - Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Fannie Mae Third Quarter 2023 Financial Results Conference Call. At this time, I will now turn it over to your host, Pete Bakel, Fannie Mae's Director of External Communications.

Federal National Mortgage Association (FNMA) Q3 2023 Earnings Call Transcript

WASHINGTON , Oct. 31, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its third quarter 2023 financial results and filed its Third Quarter 2023 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended September 30, 2023.

Fannie Mae Reports Net Income of $4.7 Billion for Third Quarter 2023

WASHINGTON , Oct. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its 2024 Benchmark Securities® Issuance Calendar (PDF). The 2024 Benchmark Securities Calendar identifies at least one calendar day per month for a Fannie Mae Benchmark Notes® announcement.

Fannie Mae Announces 2024 Benchmark Securities Issuance Calendar

WASHINGTON , Oct. 26, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) September 2023 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 September 2023 Monthly Summary

Company to Host Conference Call WASHINGTON , Oct. 25, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its third quarter 2023 financial results on Tuesday morning, October 31, 2023, before the opening of U.S. financial markets. Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m.

Fannie Mae Announces Scheduled Release of Third Quarter 2023 Financial Results

Fannie Mae Enabling the Creation and Preservation of Affordable Rental Units Across the Country Through Its LIHTC Equity Investments WASHINGTON , Oct. 17, 2023 /PRNewswire/ -- Since restarting its equity investments in the Low-Income Housing Tax Credit (LIHTC) market in 2018, Fannie Mae (OTCQB: FNMA) has supported the creation or preservation of rental housing units in communities throughout the country, providing critical access to affordable housing and supportive services for thousands of households in the U.S. and its territories, the company announced today. The company's LIHTC investments continue to expand access to affordable housing supply when and where those needs are greatest, with a focus on underserved markets, populations with unmet needs, supportive housing developments, and disaster-impacted areas.

Fannie Mae Commits $3.2 Billion Since Re-entering LIHTC Market to Expand Affordable Housing Supply, Meet Critical Housing Needs in Underserved Communities

Home Prices Prove Resilient through Third Quarter, but Deceleration Likely as Mortgage Rates Move Higher WASHINGTON , Oct. 16, 2023 /PRNewswire/ -- The rapid rise in long-term interest rates over the past few months will likely weigh on future economic growth, according to the October 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Even barring another acute credit event, which the ESR Group warns is more likely now that rates are moving rapidly again, the turning of the credit cycle is ongoing and, over time, is expected to weigh on consumption, business investment, and hiring as low-interest debt is rolled into higher rates.

Jump in Long-Term Interest Rates Expected to Weigh on Economy

NEW YORK--(BUSINESS WIRE)--As an authorized report supplier, Argyle offers mortgage lenders an efficient verification experience and lowers buyback risk.

Argyle Becomes First Consumer-Permissioned Income & Employment Verifications Provider to Support the Desktop Underwriter (DU) Validation Service from Fannie Mae

FNM-HPI Showed Quarterly Increase of 2.0 Percent on Seasonally Adjusted Basis WASHINGTON , Oct. 13, 2023 /PRNewswire/ -- Single-family home prices increased 5.3 percent from Q3 2022 to Q3 2023, up from the previous quarter's revised annual growth rate of 2.9 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 2.0 percent in Q3 2023, a deceleration from 2.1 percent growth in the second quarter.

Home Prices Remain Resilient, Rise Further in Third Quarter

New Product Aims to Increase Affordable Workforce Rental Supply by Offering Fannie Mae Borrowers Pricing Incentives and Underwriting Flexibilities WASHINGTON , Oct. 11, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today a new Sponsor-Dedicated Workforce (SDW) product to create and preserve workforce housing through the company's network of Delegated Underwriting and Servicing (DUS®) lenders. With its pricing and underwriting benefits, the product incentivizes conventional and social impact Fannie Mae multifamily borrowers to elect rent restrictions on eligible properties for the life of the loan, helping support workforce-income renters.

Fannie Mae Multifamily Introduces Sponsor-Dedicated Workforce (SDW) Housing to Support Workforce Rental Affordability

Jettisoning title insurance could reduce the upfront cost, but it exposes everyone to more risk, which will ultimately force everyone to pay more for mortgages.

Fannie Mae's Embrace Of Attorney Letters Threatens To Undo A Decade Of Reforms

Consumers Now Point to Mortgage Rates, not Home Prices, as Primary Hindrance to Affordability WASHINGTON , Oct. 9, 2023 /PRNewswire/ -- The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased by 2.4 points in September to 64.5, as elevated mortgage rates further dampened already-pessimistic consumer housing sentiment. Five of the HPSI's six components decreased month over month, including the components measuring perceived homebuying and home-selling conditions.

Elevated Mortgage Rates Push Housing Sentiment Even Lower

WASHINGTON, Oct. 6, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2023-R07, an approximately $536 million note offering that represents Fannie Mae's seventh CAS REMIC® transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business.

Fannie Mae Prices $536 Million Connecticut Avenue Securities (CAS) REMIC Deal

Quarterly Survey Polls Experts' Expectations of Future Home Price Change WASHINGTON , Oct. 3, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today a partnership with Pulsenomics LLC, an independent research and consulting firm, to produce the quarterly Home Price Expectations Survey (HPES) beginning this month. The HPES polls over 100 housing experts across the industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years.

Fannie Mae Announces Partnership with Pulsenomics to Produce Home Price Expectations Survey

BROOMALL, Pa.--(BUSINESS WIRE)--Xactus, the leading verification innovator for the mortgage industry, announced today that Appraisal FirewallX has met the requirements and is capable of fulfilling Fannie Mae property data collection orders. It is connecting mortgage lenders with vetted and trained property data collectors to deliver the value acceptance + property data and hybrid appraisal solutions. The company also supports Freddie Mac's ACE + PDR initiative. “At Xactus, we are focused on adv.

Xactus Announces Appraisal FirewallX is Capable of Fulfilling Fannie Mae Property Data Collection Orders

WASHINGTON , Sept. 28, 2023 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) August 2023 Monthly Summary is now available.

Fannie Mae Releases August 2023 Monthly Summary

WASHINGTON , Sept. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-first Community Impact Pool (CIP) of non-performing loans.

Fannie Mae Announces Winner of Twenty-First Community Impact Pool of Non-Performing Loans

New Credit Education Course is One of Several Ways Fannie Mae is Working to Address the Latino Homeownership Gap in America WASHINGTON , Sept. 27, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced new resources and programs to provide responsible access to housing and long-term sustainable homeownership opportunities across the country for Latino communities and further the company's mission.

Fannie Mae Launches New Resources to Help Latino Communities Access Homeownership

WASHINGTON , Sept. 26, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its eighth Credit Insurance Risk Transfer™ (CIRT™) transaction of 2023.

Fannie Mae Executes its Eighth Credit Insurance Risk Transfer Transaction of 2023 on $8.4 Billion of Single-Family Loans

It's not every day that a famous, government-sponsored company warns of a U.S. home sales slowdown. Yet, that's exactly what happened recently.

Housing Market Crash Alert: Fannie Mae Just Sounded the Alarm

US home sales are headed for the largest slowdown since 2011, according to Fannie Mae.  That's due to headwinds like higher mortgage rates, amid a weakening US economy.

The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says

Housing Faces Renewed Headwinds from 7 Percent Mortgage Rates, but Downside Risk to Home Sales is Limited WASHINGTON , Sept. 18, 2023 /PRNewswire/ -- With underlying inflation decelerating and signs that the labor market is cooling, the central question for economists remains whether the economy is headed for a soft landing or a mild recession.

Mild Recession Remains Likeliest Outcome as Inflation and Labor Markets Cool

WASHINGTON , Sept. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-ninth reperforming loan sale transaction.

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

WASHINGTON , Sept. 12, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its thirtieth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.

Fannie Mae Announces Thirtieth Sale of Reperforming Loans

HPSI's Low-Level Plateau Continues as Consumers Remain Frustrated by Lack of Affordability WASHINGTON , Sept. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained effectively unchanged in August, as consumer confidence toward housing continued along the low-level plateau set earlier this year.

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