FNM.MU - FED.NATL MTGE ASS.

Munich - Munich Delayed Price. Currency in EUR
1.22
-0.05 (-3.94%)
At close: 10:58AM CEST
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Previous Close1.27
Open1.25
Bid0.00 x 0
Ask0.00 x 0
Day's Range1.22 - 1.25
52 Week Range1.03 - 2.80
Volume200
Avg. Volume1,222
Market CapN/A
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Fannie Mae CEO Says Conservatorship Wasn't Long-Term Solution
    Bloomberg Video2 months ago

    Fannie Mae CEO Says Conservatorship Wasn't Long-Term Solution

    May.01 -- Tim Mayopoulos, Fannie Mae's chief executive officer, discusses the organization's future with Bloomberg's Scarlet Fu at the Milken Global Conference in Beverly Hills, California.

  • Fannie Mae CEO on potential privatization
    Fox Business Videos2 months ago

    Fannie Mae CEO on potential privatization

    Fannie Mae CEO Timothy Mayopoulos on the state of the housing market and the potential privatization of the GSE.

  • Mnuchin on the future of Fannie Mae and Freddie Mac
    Fox Business Videos2 months ago

    Mnuchin on the future of Fannie Mae and Freddie Mac

    Treasury Secretary Steven Mnuchin on the future of Fannie Mae and Freddie Mac and the state of the U.S. housing market.

  • Benzingayesterday

    Height Capital Markets: Housing Finance Reform Plan Has 5% Chance Of Success

    The White House has introduced a housing finance reform plan, but the market isn’t too optimistic about a positive outcome for Federal Home Loan Mortgage Corp (OTC: FMCC) and Federal National Mortgage Association (OTC: FNMA). The proposal includes ending Fannie Mae and Freddie Mac’s conservatorship, scaling back their presence in the housing market, providing explicit — but limited — federal guarantees on their mortgage-backed securities and moving affordable housing programs to the Department of Housing and Urban Development.

  • MarketWatchyesterday

    To free Fannie and Freddie, their regulator may bypass do-nothing Congress

    Is a Fannie Mae-Freddie Mac endgame finally in sight? For years, the two mortgage finance giants at the heart of the 2008 housing crisis have languished as wards of the state, stuck in federal “conservatorship” as Congress repeatedly failed to find a framework for a future housing finance system that would offer them a way out. First, a quick recap: Congress in 2012 specified that both companies would send their capital every quarter to Treasury, until they finally reached zero in 2017.

  • Fannie-Freddie Rise After White House Proposes Privatization
    Bloomberg2 days ago

    Fannie-Freddie Rise After White House Proposes Privatization

    The Trump administration wants Congress to remove the federal charters for Fannie Mae and Freddie Mac as part of a plan to release the mortgage giants from U.S. control, according to a sweeping proposal for reorganizing the government released Thursday. Fannie, Freddie and any rivals would be overseen by a government entity with power to approve guarantors, change regulations and ensure market participants are adequately capitalized, the report said. The changes, which would require congressional approval, would give Fannie, Freddie and their competitors access to an explicit guarantee on mortgage-backed securities that would only be accessible in “limited, exigent circumstances,” according to the report.

  • MarketWatch5 days ago

    Civil rights groups, mortgage lenders press regulator to stop Fannie, Freddie sweeps

    A group of civil rights organizations, mortgage lenders, and homebuilders on Monday wrote to Mel Watt, the director of the regulator of mortgage finance giants Fannie Mae and Freddie Mac , urging him to allow the companies to rebuild their capital. "We believe that ten years in conservatorship is quite enough," said the group, which included the Community Mortgage Lenders of America, the NAACP, the Leading Builders of America, and more. Under the terms of a 2012 amendment to the 2008 crisis-era legislation that enveloped Fannie and Freddie in government conservatorship, the two must sweep all their quarterly profits to Treasury.

  • Financial Times10 days ago

    [$$] Fannie Mae to sell $6.2bn of mortgage loans

    , one of the US government-backed mortgage agencies, is looking to sell a portfolio of 27,000 loans totalling $6.2bn that were once deemed delinquent but are now “re-performing”, as it attempts to reduce the number of mortgages it holds. Sometimes delinquent mortgages are made re-performing through modifications to loan documents between a borrower and the lender, often reducing the required repayments. , remains a contentious topic in Washington.

  • Fannie and Freddie Should Hold Billions in Capital, FHFA Says
    Bloomberg11 days ago

    Fannie and Freddie Should Hold Billions in Capital, FHFA Says

    Fannie Mae and Freddie Mac’s regulator is proposing that the mortgage-finance giants have a combined capital buffer of as much as $180.9 billion should the companies be released from government control. The capital requirement, which the Federal Housing Finance Agency proposed Tuesday, would be suspended as long as the companies remain in federal conservatorship. The rule could also help guide policy makers as they determine the future of the U.S. housing-finance system, which is dominated by Fannie, Freddie and other government-backed agencies.

  • High U.S. Home Prices Cut Both Ways, Dilemma for Repeat Buyers
    Bloomberg16 days ago

    High U.S. Home Prices Cut Both Ways, Dilemma for Repeat Buyers

    The Fannie Mae Home Purchase Sentiment Index, which measures views toward owning and renting a house, rose 0.6 point to 92.3 in May to a fresh all-time survey high. Against a backdrop of elevated property values, more Americans on net said that now is a good time to sell, while the share who said it was a good time to buy was little changed. The net share of those who said selling conditions were good increased to 46 percent in May, up 14 percentage points from a year earlier, according to Fannie Mae data.

  • Bloomberg22 days ago

    U.S. Opens Criminal Probe Into Trading in Fannie, Freddie Bonds

    The U.S. has opened a criminal investigation into whether traders manipulated prices in the $550 billion market for corporate bonds issued by Fannie Mae and Freddie Mac, according to people familiar with the matter. The probe, parts of which were described by four people familiar with it, shows that investigations by the Obama Justice Department into market manipulation by bank traders are continuing under President Donald Trump. The Obama administration secured billions of dollars in settlements and criminal charges tied to the rigging of currency markets and benchmark interest rates.

  • Too Big to Fix: Fannie and Freddie Are Still a Mess
    Bloomberglast month

    Too Big to Fix: Fannie and Freddie Are Still a Mess

    Will anyone ever fix Fannie Mae and Freddie Mac? When the two mortgage giants were taken under federal control a decade ago -- the same year Donald Trump kicked off the first season of Celebrity Apprentice -- regulators saw the move as a short timeout. Last month, Trump’s administration effectively acknowledged that it’s no closer to figuring out what to do with Fannie and Freddie.

  • Reuterslast month

    Ackman says Pershing Square Holdings up 0.1 percent this year

    Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on Thursday that his publicly traded Pershing Square Holdings Ltd portfolio was barely in the black so far this year. The portfolio (PSH) gained 9.4 percent in the second quarter through May 15 after having lost 8.6 percent in the first quarter, Ackman wrote in a letter to investors. "While 45 days is much too short a period to judge investment performance for a long-term strategy, we believe recent progress is reflective of actual business progress at PSH, and at our portfolio companies during this period," Ackman wrote in the letter seen by Reuters.

  • Reuterslast month

    As gig economy grows, U.S. lenders reluctant to relax income rules -survey

    Most U.S. mortgage lenders are not ready to relax income rules even as more Americans become part of the so-called gig economy, and banks are excluding income from this work on loan applications, a survey released on Wednesday showed. Lenders worry about the ability of gig economy workers to meet their monthly mortgage payments when their income is less predictable than an employee with a steady, regular paycheck, according to the survey from mortgage finance agency Fannie Mae. Roughly a fifth of the U.S. population works job to job including employment with gig economy companies like Uber and TaskRabbit.

  • Fannie Mae sells $1.5 billion bills at higher rates
    Reuterslast month

    Fannie Mae sells $1.5 billion bills at higher rates

    Fannie Mae said it sold $750 million of 1 million bills due June 13, 2018 at a 1.670 percent stop-out rate, or lowest accepted rate, up from the 1.660 percent rate for $250 million of 1 million bills sold on May 9. The company also sold $750 million of three-month bills due Aug. 15, 2018 at a 1.890 percent rate, also up from the 1.840 percent rate for $250 million of three-month bills sold last week. The 1 million bills were priced at 99.870 with a money market yield of 1.672 percent.

  • Reuters2 months ago

    Fannie Mae 1st-qtr profit rises, to pay $938 mln dividend to Treasury

    Fannie Mae said on Thursday its net income rose to $4.26 billion in the first quarter from $2.77 billion a year ago as a result of a hefty gain on its derivatives. The No. 1 U.S. mortgage financing company swung back from a net loss of $6.53 billion in the fourth quarter due to a $9.9 billion writedown of its deferred tax assets tied to the sweeping federal tax overhaul enacted last December. "Our solid first quarter performance reflects the strength of our underlying business, the benefits of our business model, and our focus on customers," Fannie Mae President and Chief Executive Officer Timothy Mayopoulos said in a statement.

  • Fannie Mae CEO Says Conservatorship Wasn't Long-Term Solution
    Bloomberg2 months ago

    Fannie Mae CEO Says Conservatorship Wasn't Long-Term Solution

    Tim Mayopoulos, Fannie Mae's chief executive officer, discusses the organization's future with Bloomberg's Scarlet Fu at the Milken Global Conference in Beverly Hills, California. (Source: Bloomberg)

  • Benzinga2 months ago

    Analyst Now Sees Less Than 10% Chance Congress Tackles Fannie, Freddie Reform This Year

    In the weeks following President Trump’s election in 2016, Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) stocks skyrocketed on the hopes that a long-awaited resolution to the government-sponsored enterprises’ situation might finally be just around the corner. Height Capital Markets analyst Ed Groshans on Monday said investors shouldn’t expect that resolution by the end of 2018. Senate Banking Committee chair Mike Crapo has insisted housing finance reform is a high priority, but Crapo also recently conceded there's simply not enough time remaining to tackle the issue in the current session of Congress.

  • The Wall Street Journal2 months ago

    [$$] Rising Home Prices Push Borrowers Deeper Into Debt

    More Americans are stretching to buy homes, the latest sign that rising prices are making homeownership more difficult for a broad swath of potential buyers.

  • A House You Can Buy, But Never Own
    City Lab NonHosted2 months ago

    A House You Can Buy, But Never Own

    ATLANTA—It was not until a few years after he moved in that Zachary Anderson realized he was not, in fact, the owner of the house he thought he’d purchased. Anderson had already spent tens of thousands of dollars repairing a hole in the roof, replacing a cracked sidewalk, and fixing the ceilings of the small two-bedroom home where he lives in southwest Atlanta, when he learned the truth. He was trying to get a reduction in his property taxes when his brother, who was helping him with his taxes, looked up the property in public records and found that the owner of the home was actually listed as Harbour Portfolio VII LP.

  • Prominent Foreclosure Firm Charged With Defrauding Fannie Mae
    ALM Media3 months ago

    Prominent Foreclosure Firm Charged With Defrauding Fannie Mae

    The Manhattan U.S. Attorney's Office alleged Wednesday that Rosicki, Rosicki & Associates knowingly passed along inflated bills for work done processing foreclosures.