News
FNMA
1.590
+0.63%
0.010
Fannie Mae Announces the Results of its Thirty-first Reperforming Loan Sale Transaction
Fannie Mae announces results of its thirty-first reperforming loan sale transaction. The deal included the sale of 6,484 loans totaling $ billion in unpaid principal balance. The winning bidder was Pacific Investment Management Company LLC. The transaction is expected to close by June 25, 2024.
PR Newswire · 2d ago
Fannie Mae Welcomes Dr. Diane N. Lye to Board of Directors
TipRanks · 4d ago
BRIEF-Fannie Mae Appoints Data Science And Technology Executive Diane Lye To Its Board Of Directors
Fannie Mae Appoints Data Science And Technology Executive Diane Lye To Its Board Of Directors. Fannie Mae names Lye to the board of directors of the Federal National Mortgage Association. The company says Lye will be a member of the board for the next five years.
Reuters · 4d ago
Fannie Mae Appoints Data Science and Technology Executive Diane N. Lye to its Board of Directors
Fannie Mae appoints Diane Lye to its Board of Directors. Dr. Lye brings years of technology and financial services expertise to the company's accomplished and diverse Board. She has over 30 years of experience in data science and technology. Fannie Mae's mission is to facilitate equitable and sustainable access to homeownership and quality affordable housing across America.
PR Newswire · 4d ago
Weekly Report: what happened at FNMA last week (0506-0510)?
Weekly Report · 5d ago
Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale
Fannie Mae announced the results of its twenty-fourth non-performing loan sale transaction. The deal included the sale of 1,154 deeply delinquent loans totaling $214.2 million in unpaid principal balance. The winning bidder of the pool for the transaction was VRMTG ACQ, LLC. The transaction is expected to close on June 25, 2024.
PR Newswire · 05/09 14:00
Fannie Mae will not issue benchmark notes on May 9 <FNMA.OB>
Reuters · 05/09 13:12
Fannie Mae Expands Income Calculator Tool with Free, Web-based Option for Loan Originators
New Enhancement Calculates Borrower Self-Employment Income with Speed and Certainty. Fannie Mae's Income Calculator simplifies the process of underwriting the qualifying income of self-employed borrowers. Lenders and other loan originators can now leverage the company's web-based Income Calculator for easy, accurate calculation.
PR Newswire · 05/08 16:00
Housing Sentiment Again Shows Signs of Plateauing
HPSI Flat in April as Consumers continue to adjust to higher interest rate and home price environment. 67% of consumers say it's a good time to sell a home, while 20% say it is agood time to buy a home. The Fannie Mae Home Purchase Sentiment Index was unchanged in April at 71.9. The full index is up 5.1 points year over year.
PR Newswire · 05/07 12:30
Americans are sitting on a record amount of tappable home equity at $11 trillion — here’s how much cash is trapped in your home
MarketWatch · 05/06 20:06
UPDATE 1-NY Fed survey finds Americans bracing for higher housing costs
NY Fed survey finds Americans bracing for higher housing costs. Federal Reserve Bank of New York says Americans see higher -term increases for both rent and home prices. Survey finds a record low of respondents putting good odds of buying a house in the future. The New York Fed says households also see relief on home borrowing costs.
Reuters · 05/06 16:20
Fannie Mae The Mortgage Insurer: Long-Term Trends
Federal National Mortgage Association aka Fannie Mae's primary revenue comes from insuring the risk of owner default on single-family and multifamily homes. Low current losses are due to conservative underwriting, a healthy housing market and low mortgage debt payments. Investors should assume only modest credit cost increases over the next 5 years. Fannie is a mortgage insurance company.
Seeking Alpha · 05/06 15:30
Housing Market Woes: Renters Lose Hope Amid Rising Costs, NY Fed Survey Finds
Survey of consumer expectations by the Federal Reserve Bank of New York finds Americans expect rising housing costs. Both renters and homeowners expect significant increases in rent and home prices over the next year. The survey shows a jump in expectations for year-over-year rent increases and a 5.1% increase in home prices. Survey finds renters are increasingly pessimistic about homeownership. Respondents also expect record-high mortgage rates to continue climbing.
Barchart · 05/06 15:26
Weekly Report: what happened at FNMA last week (0429-0503)?
Weekly Report · 05/06 11:12
Fannie Mae Q1 earnings bolstered by fair value gains, benefit for credit losses
Fannie Mae posted a 28% Y/Y increase in comprehensive income for Q1 2024. The company's stock climbed 4.8% in Tuesday premarket trading. Fannie Mae's Q1 earnings bolstered by fair value gains, benefit for credit losses. Q1 net revenue of $7.10B fell 9% Q/Q; net interest income declined 9%.
Seeking Alpha · 04/30 13:27
TABLE-U.S. FHFA Feb house price index data
Reuters · 04/30 13:00
Quarterly Report of Federal National Mortgage Association for the Period Ended March 31, 2024
Press release · 04/30 12:36
Fannie Mae 1Q Earnings Rise With Higher Net Interest Income
Fannie Mae logged a profit of $4.32 billion in the first quarter. The government-sponsored housing-finance company recorded a benefit for credit losses of $180 million. Net interest income was up 3% to $7.02 billion. Revenue from the single-family home segment rose 4%.
Dow Jones · 04/30 11:58
Fannie Mae GAAP EPS of $0.00, revenue of $7.1B misses by $550M
Seeking Alpha · 04/30 11:37
FANNIE MAE - BENEFIT FOR CREDIT LOSSES WAS $180 MLN IN Q1 COMPARED WITH PROVISION OF $116 MLN IN Q4 OF 2023
Reuters · 04/30 11:31
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About FNMA
Federal National Mortgage Association is a government-sponsored enterprise chartered by Congress. The Company serves as a source of liquidity for purchases of homes and financing of multifamily rental housing, as well as for refinancing existing mortgages. It operates through two segments: Single-Family and Multifamily. Its Single-Family and Multifamily segments engage in business activities that provide liquidity to the mortgage market and manage the availability and affordability of housing in the United States. The Single-Family segment operates in the secondary mortgage market relating to loans secured by properties containing four or fewer residential dwelling units. The Multifamily segment operates in the secondary mortgage market relating primarily to loans secured by properties containing five or more residential units. The Company funds its business primarily through the issuance of short-term and long-term debt securities in the domestic and international capital markets.