|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.4800 - 2.6000|
|52 Week Range||0.9800 - 3.1800|
|Beta (3Y Monthly)||4.77|
|PE Ratio (TTM)||4.37|
|Earnings Date||May 4, 2017 - May 8, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.75|
Fannie Mae and Freddie Mac back about half of new mortgages in the U.S. Now, talks are heating up about reshaping or shrinking the two companies, a move that could impact millions of Americans. Photo: Heather Seidel/The Wall Street Journal
Spring housing market is in full swing and both buyers and sellers are feeling a bit more optimistic compared with past months. A new survey from Fannie Mae shows consumer home sentiment is ticking. The primary reason for the positive outlook falling mortgage rates leading to more affordability for buyers. Doug Duncan, Fannie Mae chief economist talks with Yahoo Finance's Julie Hyman and Adam Shapiro.
Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 23 Apr 2019. New York, April 23, 2019-- ASSIGNMENTS:.
Moody's Investors Service has assigned Aaa rating to the proposed $45,750,000 Illinois Housing Development Authority Multifamily Housing Revenue Bonds, Series 2019 (Pass-Through -- Campbell Terrace). 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 has assigned Aaa ratings to Iowa Finance Authority's ("IFA" or the "Authority") approximate $33 million Single Family Mortgage Bonds, 2019 Series A (Non-AMT) and $15 million Single Family Mortgage Bonds, 2019 Series C (Taxable) (Mortgage-Backed Securities Program) ("2019 Bonds"). For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
Over the past week, Morgan Stanley advised investors to “go long” the sector and cited a wider 30-year Fannie Mae current coupon Treasury option-adjusted spread as a positive. JPMorgan moved to a neutral from an underweight recommendation due in part to the wider spread offered by the Fannie Mae 30-year current coupon to a blend of 5- and 10-year Treasuries. The Fannie Mae current coupon spread over a blend of Treasury 5- and 10-year notes, a popular valuation method for mortgage investors, has widened 12 basis points to 85 since March 26, when it closed at its tightest level since January 31, 2018, according to data compiled by Bloomberg.
Moody's Investors Service (Moody's) has assigned provisional ratings to 22 classes of residential mortgage-backed securities (RMBS) issued by J.P. Morgan Mortgage Trust (JPMMT) 2019-3. The certificates are backed by 591 30-year, fully-amortizing fixed-rate mortgage loans with a total balance of $387,326,703 as of the April 1, 2019 cut-off date. Similar to prior JPMMT transactions, JPMMT 2019-3 includes conforming mortgage loans (39% by loan balance) mostly originated by United Shore Financial Services, LLC d/b/a United Wholesale Mortgage and Shore Mortgage (United Shore), JPMorgan Chase Bank, National Association (Chase), AmeriHome Mortgage Company, LLC (AmeriHome) and LoanDepot.com, LLC (LoanDepot) underwritten to the government sponsored enterprises (GSE) guidelines in addition to prime jumbo non-conforming mortgages purchased by J.P. Morgan Mortgage Acquisition Corp. (JPMMAC), sponsor and mortgage loan seller, from various originators and aggregators.
WASHINGTON , April 18, 2019 /PRNewswire/ -- Fannie Mae ® (OTCQB: FNMA) is proud to announce that it received the 2019 ENERGY STAR ® Partner of the Year – Sustained Excellence Award from the U.S. Environmental ...
Moody's Investors Service ("Moody's") has upgraded the rating of one tranche from Connecticut Avenue Securities, Series 2017-C05. This transaction is an actual-loss credit risk transfer (CRT) issued by Fannie Mae. The rating upgrade is due to the increase in credit enhancement available to the bond and a reduction in the expected losses on the underlying pool owing to strong collateral performance.
A new research approach to measuring people who are buying homes for the first time is welcome to anyone interested in housing issues - and comforting to those who relied on one of the traditional reporting methods, which have consistently undercounted such buyers.
WASHINGTON , April 11, 2019 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its eleventh sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained ...
Even in what has been a notoriously high-volume sector, March was a particularly strong month for cannabis securities that trade on OTC Markets. Six of the top 10 most active securities in March on the ...
Lower mortgage rates are likely behind a surge in positive housing sentiment, which could help rev up what started as a sluggish spring season. A monthly survey from Fannie Mae showed that, in March, sentiment jumped to the highest level since June, which was just below the record high.
U.S. consumer sentiment for buying a home rose to its strongest in nine months as a result of a sturdy jobs market and a decline in mortgage rates so far this year, according to data released by Fannie Mae on Monday. Notably, Fannie Mae's latest data showed the net share of consumers surveyed in March who said it is a good time to sell a home jumped 13 points to 43%. A net share of 22% of consumers said it is a good time to buy a home, up 7 points from the month before.
Binner says the current Trump administration is the best chance for meaningful reform for Fannie Mae, but the political realities of a reform plan suggest an uphill battle. Last month, President Trump signed a memorandum initiating housing finance reform.
Mark Calabria was confirmed to take the reins of the Federal Housing Finance Agency Thursday and serve as regulator to Fannie Mae and Freddie Mac.
Calabria, a libertarian economist currently working for Vice President Mike Pence, won lawmakers’ approval in a 52-44 vote along party lines. As head of FHFA, Calabria will be instrumental in the Trump administration’s effort to reform Fannie and Freddie, which have been under federal control since 2008. The president last month signed a memorandum that called on the Treasury Department to come up with a proposal for ending the U.S. conservatorship of the companies, and is essentially a plan to create a plan.
The U.S. Senate on Thursday confirmed President Donald Trump's pick to lead the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac. Mark Calabria, who was confirmed by a vote of 52-44, steps into a critical role in housing finance as Washington is renewing its efforts to overhaul the current system. As FHFA director, Calabria will be charged with overseeing the two government-sponsored enterprises, which guarantee over half of the nation's mortgages.
Mark Calabria was confirmed by a 52-to-44 vote in the Senate to be director of the Federal Housing Finance Agency, the regulator of mortgage giants Fannie Mae and Freddie Mac . Previously Vice President Mike Pence's chief economist and an aide to Sen. Richard Shelby, Calabria will now have broad powers to reshape the mortgage guarantors that were brought under government conservatorship during the financial crisis.
The Senate on Thursday advanced the nomination of Mark Calabria to be director of the Federal Housing Finance Agency by a 53 to 46 party line, setting up a confirmation vote as early as Thursday afternoon. The FHFA regulates mortgage giants Fannie Mae and Freddie Mac , and Calabria's confirmation is seen as a pivotal moment for housing finance reform efforts.