FNMA - Federal National Mortgage Association

Other OTC - Other OTC Delayed Price. Currency in USD
2.8100
+0.0500 (+1.81%)
At close: 3:56PM EST
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Previous Close2.7600
Open2.7500
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range2.7450 - 2.8400
52 Week Range0.9800 - 4.2300
Volume3,280,416
Avg. Volume8,409,054
Market Cap3.254B
Beta (3Y Monthly)2.08
PE Ratio (TTM)200.71
EPS (TTM)0.0140
Earnings DateMay 4, 2017 - May 8, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2008-08-14
1y Target Est4.58
  • DoubleLine on why Fannie, Freddie won't be released from conservatorship soon
    Yahoo Finance

    DoubleLine on why Fannie, Freddie won't be released from conservatorship soon

    Releasing the GSEs from conservatorship too soon might impact the economy, says one of DoubleLine's top fund managers.

  • Here are the best and worst states to refinance
    Yahoo Finance

    Here are the best and worst states to refinance

    On average, 75% of mortgage refinance applications are approved. But some states like Utah are more likely to approve applications than others, according to a LendingTree study.

  • GlobeNewswire

    Anthony N. Renzi Appointed as CEO of Common Securitization Solutions

    Fannie Mae (FNMA/OTCQB) and Freddie Mac (FMCC/OTCQB) today jointly announced the appointment of Anthony N. Renzi as Chief Executive Officer (CEO) of Common Securitization Solutions, LLC (CSS), effective December 2, 2019. Mr. Renzi succeeds David Applegate who announced earlier this year that he would be stepping down as CSS CEO by year-end.

  • Moody's

    Provident Funding Mortgage Trust 2019-1 -- Moody's assigns definitive ratings to Prime RMBS issued by Provident Funding Mortgage Trust 2019-1

    Moody's Investors Service ("Moody's") has assigned definitive ratings to 18 classes of residential mortgage-backed securities (RMBS) issued by Provident Funding Mortgage Trust 2019-1 (Provident 2019-1). Provident 2019-1 is the first transaction entirely backed by loans originated by the sponsor, Provident Funding Associates, L.P. (Provident Funding). Provident 2019-1, a common law trust formed under the laws of the State of New York, is a securitization of agency-eligible mortgage loans originated and serviced by Provident Funding, a California limited partnership (corporate family rating B1; senior unsecured B2) and will be the first transaction for which Provident Funding is the sole originator and servicer.

  • Moody's

    MHFA-Homeownership Finance Bonds (MBS Prog.) -- Moody's assigns Aaa rating to MN HFA's Homeownership Fin. Bds. 2019 H; outlook stable

    Rating Action: Moody's assigns Aaa rating to MN HFA's Homeownership Fin. New York, December 05, 2019 -- Moody's Investors Service has assigned a Aaa rating to the proposed $54 million of Minnesota Housing Finance Agency's ("Minnesota Housing" or the "Agency") Homeownership Finance Bonds, 2019 Series H (Mortgage-Backed Securities Pass-Through Program) (the "2019 Bonds"). The Aaa ratings on all outstanding Homeownership Finance Bonds have also been maintained.

  • Fannie Mae, Freddie Mac will soon let borrowers take out mortgages over $500K
    MarketWatch

    Fannie Mae, Freddie Mac will soon let borrowers take out mortgages over $500K

    The Federal Housing Finance Agency has raised the maximum conforming loan limit for the fourth straight year.

  • PR Newswire

    Fannie Mae Releases October 2019 Monthly Summary

    Fannie Mae's (OTCQB: FNMA) October 2019 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.

  • Moody's

    J.P. Morgan Mortgage Trust 2019-9 -- Moody's assigns definitive ratings to Prime RMBS issued by J.P. Morgan Mortgage Trust 2019-9

    Moody's Investors Service ("Moody's") has assigned definitive ratings to 34 classes of residential mortgage-backed securities (RMBS) issued by J.P. Morgan Mortgage Trust (JPMMT) 2019-9. The certificates are backed by 998 30-year, fully-amortizing fixed-rate mortgage loans with a total balance of $680,976,702 as of the November 1, 2019 cut-off date. Similar to prior JPMMT transactions, JPMMT 2019-9 includes agency-eligible mortgage loans (10.13% by loan balance) underwritten to the government sponsored enterprises (GSE) guidelines in addition to prime jumbo non-agency eligible mortgages purchased by J.P. Morgan Mortgage Acquisition Corp. (JPMMAC), the sponsor and mortgage loan seller, from various originators and aggregators.

  • PR Newswire

    Fannie Mae Prices $963 Million Connecticut Avenue Securities (CAS) Refi Plus Deal

    Fannie Mae (OTCQB: FNMA) priced its first Connecticut Avenue Securities® transaction referencing a pool of seasoned Refi Plus™ loans. The Refi Plus program includes but is not limited to the Home Affordable Refinance Program, or HARP®. CAS Series 2019-HRP1 is a $963 million note offering that utilizes a credit-linked note structure and represents the eighth transaction of 2019 under the CAS program. Fannie Mae's issuance program is designed to share credit risk on its single-family conventional guaranty book of business.

  • Moody's

    NYS HFA - Affordable Housing Revenue Bonds -- Moody's assigns Aa2 rating to NYS HFA, Affordable Housing Rev. Bonds, 2019 Series P, Q and R; outlook stable

    Moody's Investors Service has assigned the rating of Aa2 to the proposed $443.84 million of New York State Housing Finance Agency (the "Agency" or "NYS HFA") Affordable Housing Revenue Bonds, 2019 Series P (Climate Bond Certified/Sustainability Bonds), Affordable Housing Revenue Bonds, 2019 Series Q (Sustainability Bonds) and Affordable Housing Revenue Bonds, 2019 Series R (Federally Taxable)(Climate Bond Certified/Sustainability Bonds) (Collectively, the "Bonds"). Moody's also maintains a Aa2 rating on all outstanding parity debt issued under the Agency's General Resolution adopted on August 2007 (the "Resolution").

  • Bloomberg

    Deutsche Bank’s CEO Says Europe Could Use Its Own Fannie Mae

    (Bloomberg) -- Europe should consider creating its own version of mortgage agencies such as Fannie Mae or Freddie Mac to give a boost to capital markets in a region that’s still heavily dependent on bank lending, Deutsche Bank Chief Executive Officer Christian Sewing said.More than two-thirds of German and European companies are still financed by bank loans, Sewing said Friday at a banking conference in Frankfurt. Capital markets on the continent are still much less developed than in the U.S., limiting banks’ ability to sell off the debt and extend more loans, he said.“Lets think about a European institution like that,” Sewing said. “Something like a European Fannie Mae, yes, I would be in favor of that.”Europe’s banks have long struggled to keep up with Wall Street peers, in part because the region still lacks a unified capital market. Government-backed institutions like Fannie Mae, which buy home loans from banks, package and sell them, have played a key role in developing the market for securitizations in the U.S., allowing banks there to issue more loans while needing less of their own capital.Congress created Fannie Mae -- the Federal National Mortgage Association -- in 1938 as government agency to revive the mortgage market after the Great Depression. By buying mortgages from lenders, it freed up money the banks could use to make more loans. It and Freddie Mac, a competitor created in 1968, helped the market for mortgage-backed securities grow by guaranteeing the payments of bonds it sold -- bonds that many investors treated as nearly as safe as those of the U.S. Treasury.The system melted down in the 2007-2008 financial crisis, forcing the government to take direct control over the pair. Fannie and Freddie quickly rebounded, and their so-called agency MBS fuel the deepest and most liquid U.S. debt market after Treasuries.To contact the reporters on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net;Steven Arons in Frankfurt at sarons@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Christian BaumgaertelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Moody's Fully Supported Municipal & IRB Deals

    Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 19 Nov 2019. New York, November 19, 2019-- ASSIGNMENTS:.

  • Moody's

    Massachusetts Housing Finance Agency -- Moody's assigns Aaa to Massachusetts Housing Finance Agency Multifamily Tax-Exempt Mortgage-backed Bonds (M-TEMS) (Colonial Village Project), Series 2019 (FN)

    Moody's Investors Service has assigned a Aaa rating to the proposed $8,250,000 Massachusetts Housing Finance Agency Multifamily Tax-Exempt Mortgage-backed Bonds (M-TEMS) (Colonial Village Project), Series 2019 (FN). The Aaa rating is based on the highest credit quality of Fannie Mae (Aaa stable) and trustee-held investments, sound legal structure of the transaction, and cash flow projections that demonstrate sufficient revenues to pay full and timely debt service until maturity. Fannie Mae is providing a forward commitment to issue a Guaranteed Mortgage Pass-Through Certificate (MBS) by the MBS Delivery Date Deadline (preliminarily expected to occur on January 11, 2020), which MBS principal and interest are passed through to bondholders monthly.

  • Reuters

    UPDATE 1-U.S. housing finance agency to revisit key Fannie, Freddie capital rule

    The U.S. housing finance regulator on Tuesday said it planned to re-issue new capital rules for mortgage giants Fannie Mae and Freddie Mac next year, in a development that is likely to slow the pair's removal from government control. The Federal Housing Finance Agency (FHFA) said it would again propose the rule first unveiled in July 2018 in light of the administration's decision to begin rebuilding the mortgage giants' capital bases as part of a broader plan to ultimately remove them from government conservatorship. "In fairness to all interested parties, the comments submitted during the previous rulemaking were submitted under a different set of assumptions about the future of the enterprises," said FHFA director Mark Calabria in a statement.

  • U.S. growth outlook in 2020 improves despite trade risk - Fannie Mae
    Reuters

    U.S. growth outlook in 2020 improves despite trade risk - Fannie Mae

    Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a "phase one" trade deal between the United States and China is signed. The government-sponsored enterprise is betting not only that a deal will be passed, but that it will happen in time for the Dec. 15 tariffs on Chinese goods to be scrapped. "Even as global uncertainties mount, we continue to expect the domestic economy to produce solid, if not spectacular, growth," said Doug Duncan, chief economist at Fannie Mae.

  • U.S. growth outlook in 2020 improves despite trade risk: Fannie Mae
    Reuters

    U.S. growth outlook in 2020 improves despite trade risk: Fannie Mae

    Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a "phase one" trade deal between the United States and China is signed. The government-sponsored enterprise is betting not only that a deal will be passed, but that it will happen in time for the Dec. 15 tariffs on Chinese goods to be scrapped. "Even as global uncertainties mount, we continue to expect the domestic economy to produce solid, if not spectacular, growth," said Doug Duncan, chief economist at Fannie Mae.

  • Thomson Reuters StreetEvents

    Edited Transcript of FNMA earnings conference call or presentation 31-Oct-19 12:00pm GMT

    Q3 2019 Federal National Mortgage Association Earnings Call

  • Moody's

    J.P. Morgan Mortgage Trust 2019-9 -- Moody's assigns provisional ratings to Prime RMBS issued by J.P. Morgan Mortgage Trust 2019-9

    Moody's Investors Service ("Moody's") has assigned provisional ratings to 34 classes of residential mortgage-backed securities (RMBS) issued by J.P. Morgan Mortgage Trust (JPMMT) 2019-9. The certificates are backed by 998 30-year, fully-amortizing fixed-rate mortgage loans with a total balance of $680,976,702 as of the November 1, 2019 cut-off date. Similar to prior JPMMT transactions, JPMMT 2019-9 includes agency-eligible mortgage loans (10.13% by loan balance) underwritten to the government sponsored enterprises (GSE) guidelines in addition to prime jumbo non-agency eligible mortgages purchased by J.P. Morgan Mortgage Acquisition Corp. (JPMMAC), the sponsor and mortgage loan seller, from various originators and aggregators.

  • GuruFocus.com

    Bad Picks or Bad Models: The Future of Value

    A final look back at the debate about the history - and future - of value investing Continue reading...

  • Bloomberg

    Dick Bove Calls Fannie-Freddie Regulatory Shift ‘Bad’ for Shares

    (Bloomberg) -- The change in stance by Fannie Mae and Freddie Mac’s regulator over whether the mortgage giants should be released from their conservatorships is “very bad” for common shares of the companies, Odeon Capital Group analyst Dick Bove wrote in a note.The Federal Housing Finance Agency is “no longer willing to argue that it will act alone to recap and release” the government-sponsored enterprises from their conservatorships, Bove said, citing recent remarks by FHFA Director Mark Calabria. “It may take three to four years to do this,” Bove said, which bodes poorly for common shares.“Recap and release” refers to the process of bolstering Fannie and Freddie’s ability to absorb losses and then returning them to private ownership. Calabria said that under his timeline, the companies could exit U.S. control by 2022 or 2023.Bove said that Calabria’s latest position was “totally different from the one he adopted last May,” when he warned that he wouldn’t wait for Congress to take action, and that he was “going to drive for the recap and release of the GSEs as soon as possible.” Now, Calabria has “repudiated” those views, Bove wrote, adding that it’s “hard to assume that the FHFA will be the champion that brings these companies back to the market.”Separately, Compass Point managing director for policy research Isaac Boltansky said in a note that there’s “growing apprehension given where we are in the presidential and economic cycles.” Boltansky wrote that Calabria’s recent remarks “reaffirmed that any GSE footprint reductions would be modest and tactical,” which makes the timeline more uncertain “given the combination of political, practical and economic factors.”Calabria has now clipped Fannie and Freddie’s “wings,” Height Capital Markets analyst Edwin Groshans wrote, adding that the regulator’s remarks “were not supportive of an early release from conservatorship for Fannie Mae and Freddie Mac.”Groshans doesn’t forecast that Fannie or Freddie will meet statutory capital requirements before the 2020 election, and said that if the Treasury’s position isn’t addressed before the election and a new administration takes over, a 10% dividend would be reinstated. That dividend “would be equal to or greater than the GSEs’ earnings, effectively preventing them from accreting capital and exiting conservatorship,” he said.Odeon’s Bove also said to “look for positive information” regarding preferred shares early next week. The Court of Federal Claims in Washington will hear oral arguments November 19 on the government’s motion to dismiss lawsuits by junior preferred and common shareholders challenging the so-called “net worth sweep” of profits.Bove said that his position has “always been that the common stock has little to no value and the preferred issues could be very attractive,” as investors should “trust the courts rather than the government bureaucracy.”Fannie common shares fell as much as 3% in Thursday trading while Freddie’s dropped as much as 2.8%.To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Housing Finance Authority of Miami-Dade County, FL, Multifamily Tax-Exempt Mortgage-backed Bonds (M-TEMS) (Four Freedoms House Apartments Project), Series 2019A (FN), $35.502MM -- Moody's assigns Aaa to the Housing Finance Authority of Miami-Dade County (Florida) Multifamily Tax-Exempt Mortgage-backed Bonds (M-TEMS) (Four Freedoms House Apartments Project), Series 2019A (FN)

    Moody's Investors Service has assigned a Aaa rating to the proposed $35,502,000 of Housing Finance Authority of Miami-Dade County (Florida) Multifamily Tax-Exempt Mortgage-backed Bonds (M-TEMS) (Four Freedoms House Apartments Project), Series 2019A (FN). The rating is based on the high credit quality of the Guaranteed Pass-Through Certificate (MBS) issued by Fannie Mae, a sound legal structure where principal and interest are passed through to bondholders monthly, and cash flow projections that exhibit sufficient revenues to pay full and timely debt service until maturity.

  • Moody's

    Port of Greater Cincinnati Development Auth. -- Moody's assigns Aaa to $7,500,000 Port of Greater Cincinnati Development Authority MF Tax-Exempt Mortgage-Backed Rev Bonds (M-TEBS) Series 2019A (Fields Ertel Project)

    Moody's Investors Service has assigned a Aaa rating to the proposed $7,500,000 Port of Greater Cincinnati Development Authority Multifamily Tax-Exempt Mortgage-Backed Revenue Bonds (M-TEBS) Series 2019 A (Fields Ertel Project). The Aaa rating of this immediate M-TEB transaction is based on the high credit quality of the Federal National Mortgage Association (Fannie Mae, Aaa stable) mortgage-backed security (MBS) and strong legal structure where principal and interest are passed through to bondholders monthly. Cash flow projections demonstrate sufficient revenues to pay full and timely debt service through maturity.

  • Bloomberg

    Fannie-Freddie Share Sales Might Come in 2022, Watchdog Says

    (Bloomberg) -- Fannie Mae and Freddie Mac’s regulator said the mortgage giants will likely be ready for public offerings by 2021 or 2022, a key step toward their exits from government control.Federal Housing Finance Agency Director Mark Calabria, speaking Wednesday at a housing finance policy conference in Washington, said he expects that his agency will have a rule dictating capital requirements in place before Fannie and Freddie go to market. He said they may face a period where they operate under a consent decree in which they technically exit conservatorship but aren’t free of the government’s grip.“If all goes well, 2021, 2022 we will see very large public offerings from these companies,” Calabria said at an event sponsored by the American Association of Residential Mortgage Regulators and the Conference of State Bank Supervisors. “The consent decree will be able to give that window where they can go to market, do an offering and still operate under a way where we’ve got some prudential safeguards.”Calabria said that under his timeline, the companies could exit U.S. control by 2022 or 2023.While Calabria has stressed his work is not “calendar-driven, but process-driven” the timeline he laid out may disappoint investors who were hoping that the companies would be freed sooner. It also means that prospects for housing-finance reform as envisioned by Trump administration appointees probably hinges on the president’s re-election next year. The Treasury Department is required to sign off on a number of changes to allow for Fannie and Freddie to exit conservatorship.Fannie fell 5% to $3.05 in New York trading Wednesday, while Freddie slipped 1.7% to $2.90. The shares were up before Calabria’s comments.Whether Fannie and Freddie can be freed under his timeline depends on market support for the move, Calabria said. He added that it’s up to the FHFA to set the benchmarks for freeing the companies, but up to them to meet those parameters.Calabria has previously said that while progress is being made on ending U.S. control, there is still a lot of work to be done. He has said the FHFA hopes to select a financial adviser soon to provide advice on an exit path, and that he also expects the companies to seek their own advisers.He said that he hopes to have an update on plans for setting Fannie and Freddie’s capital structure soon. He still hasn’t specified whether he plans to start from scratch or build upon the rulemaking initiated by his predecessor at FHFA.(Adds closing share prices in sixth paragraph.)To contact the reporter on this story: Elizabeth Dexheimer in Washington at edexheimer@bloomberg.netTo contact the editors responsible for this story: Jesse Westbrook at jwestbrook1@bloomberg.net, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.