|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1.14 - 1.19|
|52 Week Range||1.13 - 3.10|
|Beta (3Y Monthly)||2.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 4, 2017 - May 8, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
ASSIGNMENTS: Custodial Receipts (Deutsche Bank), Custodial Receipts US$ 32.42M 5.00% Ser. 2018-XM0711 due 2027 ...A1 (Deutsche Bank AG/ Letter of Credit - Standby) Custodial Receipts (Deutsche Bank), Custodial ...
Moody's Investors Service has assigned Aaa rating to the proposed $15,555,000 Housing Authority of the City of Decatur, Georgia's Multifamily Housing Revenue Bonds (Park Trace Apartments Project), Series 2018. 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 Investors Service ("Moody's") has affirmed the servicer quality ("SQ") assessment of SQ2 for Arvest Central Mortgage Company ("CMC") as a primary servicer of prime residential mortgage loans. Moody's assessment is based on the company's above average collection abilities, strong loss mitigation results, above average foreclosure and REO timeline management, above average loan administration and average servicing stability. CMC is a wholly-owned subsidiary of Arvest Bank.
Investors who once thought little about what their portfolios were supporting have elevated purpose and impact towards the top of their agendas in recent years. Alert to the threat of climate change, they wanted to find investments that supported climate-friendly outcomes. The group approached the World Bank in 2008 to design what became the green bond — a product that has raised more than $500bn since then.
A June Federal Housing Finance Agency proposal that Fannie and Freddie hold a combined capital buffer of as much as $181 billion would require among the largest stock sales “in history,” the hedge fund manager wrote in a letter to the regulator dated Thursday. Compensating current shareholders for the fact that the Treasury has “extracted more than $237 billion” from Fannie and Freddie since 2013, he said. Fannie and Freddie buy mortgages from lenders, wrap them into securities and make guarantees to investors in case the loans default.
WASHINGTON, Nov. 16, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced its 2019 Benchmark Securities® Issuance Calendar (PDF). The calendar provides opportunities for investors and other market participants to utilize Fannie Mae Benchmark Securities for their respective investment activities. On a weekly basis, Fannie Mae has the option to auction Benchmark Bills® with maturities of one year or less.
There are no material third quarter updates for Fannie (FNMA) and Freddie (FMCC) regarding housing finance reform or the underlying businesses, which continue to perform well. Warning! GuruFocus has detected 1 Warning Sign with FNMA.
WASHINGTON , Nov. 15, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) priced its tenth Multifamily DUS ® REMIC in 2018 totaling $803 million under its Fannie Mae Guaranteed Multifamily Structures ...
WASHINGTON, Nov. 15, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced the launch of a supplement to the post-disaster mortgage relief options the company currently offers. Fannie Mae's Disaster Response Network™ is a comprehensive case-management service for disaster-affected homeowners whose mortgage loans are backed by the company. The program provides homeowners broader personalized support to address safety and basic needs, property repairs, employment, and financial recovery—all of which affect a borrower's ability to meet their mortgage obligations.
WASHINGTON, Nov. 15, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) announced today that it has completed its eighth and final Credit Insurance Risk Transfer™ (CIRT™) transaction of 2018, covering existing loans in the company's portfolio. The deal, CIRT 2018-8, which covers $12.8 billion in unpaid principal balance of 15-year and 20-year loans, is a part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market. To date, Fannie Mae has acquired about $7.6 billion of insurance coverage on $307 billion of loans through the CIRT program.
Moody's Investors Service (Moody's) has assigned provisional ratings to 25 classes of residential mortgage-backed securities (RMBS) issued by J.P. Morgan Mortgage Trust (JPMMT) 2018-LTV1. The certificates are backed by 694 30-year, fully-amortizing fixed-rate mortgage loans with a total balance of $459,258,410 as of the November 1, 2018 cut-off date. Conforming loans comprise only 0.7% of the pool balance.
Moody's Investors Service has upgraded the ratings of 31 tranches from four Agency Risk Transfer transactions issued in 2016. These four transactions are actual-loss credit risk transfer (CRT) transactions ...
WASHINGTON , Nov. 14, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced the results of its ninth reperforming loan sale transaction. The deal, which was announced on October 11, ...
A U.S. federal court on Wednesday rejected a challenge to Treasury Department requirements that government-sponsored mortgage-finance giants Fannie Mae and Freddie Mac return net profits to the federal ...
WASHINGTON, Nov. 13, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) is reminding those impacted by the California wildfires of the options available for mortgage assistance. Servicers are authorized to suspend or reduce a homeowner's mortgage payments immediately for up to 90 days without any contact with the homeowner if the servicer believes the homeowner has been affected by a disaster. "Our thoughts are with the families and communities affected by these devastating California wildfires," said Carlos Perez, Senior Vice President and Chief Credit Officer at Fannie Mae.
WASHINGTON—Split power in Congress means lawmakers are unlikely to overhaul how the government backstops more than half the U.S. mortgage market. In the short term, congressional inaction is likely good news for the housing market as home sales and prices weaken amid rising interest rates. There are limits on what the administration can do with Fannie Mae and Freddie Mac absent legislation.
Three New LIHTC Funds Will Focus on Underserved Markets in Rural Areas WASHINGTON , Nov. 8, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) announced today it has committed to invest up to $145 ...
Moody's Investors Service has assigned a Aaa rating to approximately $175 million Florida Housing Finance Corporation's Homeowner Mortgage Revenue Bonds, 2018 Series 2. As of December 31, 2017 financial statements, the program achieved an adjusted debt service coverage ratio of approximately 1.24x. The 2018 Series 2 bonds are special, limited obligations of the Corporation secured by mortgage loans, mortgage backed securities, investments and reserves, and other trust funds pledged under the Trust Indenture.
ASSIGNMENTS: Orange County Housing Finance Authority, Multifamily Housing Revenue Bonds US$ 17.95M 2018 Ser. A-1 due 2034 ...Aaa (Federal National Mortgage Association/ Mortgage Backed Collateral) Public ...
The decline can be attributed to decreases in five of the six components, including those measuring consumers' home buying and selling attitudes. The net share of Americans who said it is a good time to buy a home fell 5 percentage points, and the net share who said it is a good time to sell a home fell 3 percentage points. Meanwhile, the net share of survey respondents who expect home prices to go up fell 2 percentage points, and the net share who expect mortgage rates to go down fell 1 percentage point.
Democrats winning the House likely sets up Maxine Waters — a frequent target of Trump criticism — to lead the chamber's powerful panel on financial services.
We’re in the midst of a wave of deregulation as the Trump administration unwinds many of the protections put in place after the financial crisis. But even if Democrats win a majority in the House, we probably won’t see massive changes.
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. Initially, bondholder security is provided by proceeds of a Citibank, N.A. (the Fannie Mae DUS Lender) first mortgage loan to the borrower in an amount equal to bond principal and held by the trustee (U.S. Bank) in the collateral security fund.