|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.6000 - 2.6600|
|52 Week Range||0.9800 - 3.1800|
|Beta (3Y Monthly)||3.99|
|PE Ratio (TTM)||4.60|
|Earnings Date||May 4, 2017 - May 8, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Fannie Mae is trying to take the lead on making U.S. homes more energy efficient. The government-controlled mortgage giant is now the largest issuer of green bonds in the world. Fannie Mae Vice President, Chrissa Pagitsas, joins Adam Shapiro and Julie Hyman with details.
FBN’s Charlie Gasparino on how the U.S. Senate Banking Committee voted to advance President Trump’s pick, Mark Calabria, to oversee Fannie Mae and Freddie Mac.
FBN's Charlie Gasparino on the Trump administration weighing different proposals to reform Fannie Mae and Freddie Mac and reports many Wall Street executives are hoping former Vice President Joe Biden will enter the 2020 presidential race.
WASHINGTON , March 20, 2019 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its tenth reperforming loan sale transaction. The deal, which was announced on February 14, 2019 , included ...
Moody's Investors Service has assigned provisional ratings to 19 classes of residential mortgage-backed securities (RMBS) issued by CIM Trust 2019-INV1 (CIM 2019-INV1). CIM 2019-INV1, the first rated issue from Chimera Trust in 2019, is a prime RMBS securitization of fixed-rate investment property mortgage loans secured by first liens on agency-eligible non-owner occupied residential properties with 30-year original term to maturity. All of the loans are underwritten in accordance with Freddie Mac or Fannie Mae guidelines, which take into consideration, among other factors, the income, assets, employment and credit score of the borrower.
Many economists believe that the policies—including the Troubled Asset Relief Program (TARP), the Housing and Economic Recovery Act of 2008, and others—were necessary to avert even greater economic harm. Others claim that more institutions should have been allowed to fail. A common narrative is that ordinary taxpayers were forced to pay trillions of dollars to rescue rich bankers.
WASHINGTON , March 11, 2019 /PRNewswire/ -- In support of the Single Security Initiative, Fannie Mae (OTCQB: FNMA) will begin accepting forward Uniform Mortgage-Backed Security (UMBS™) trades with a trade ...
Private investors are directly buying a small but growing share of loans that have long been the domain of Fannie Mae and Freddie Mac, a sign of the changing dynamics in the $11 trillion mortgage industry. More mortgages that meet the standards for Fannie and Freddie to buy are instead flowing into the private market, where banks and other financial institutions pool them into bonds and sell them to investors without government backing. Firms that have recently issued these so-called private-label securities with a significant amount of such loans in them—some up to 100%—include Chimera Investment Corp. and Redwood Trust Inc., both real-estate investment trusts, as well as JPMorgan Chase & Co. and Flagstar Bancorp Inc.
As we highlighted last month, preferred shares of Fannie Mae and Freddie Mac experienced dramatic increases in dollar trading volume to start 2019. That was not the case in February however, as dollar ...
The world’s second-largest bond market moved a step closer to its much-anticipated overhaul on Thursday when Wall Street firms voted to support a single mortgage-backed bond for Fannie Mae and Freddie Mac. The vote by Wall Street’s largest trade group, the Securities Industry and Financial Markets Association, is the final hurdle for the proposed new security—which is expected to launch in June as part of a revamp to the $5 trillion market in bonds guaranteed by the mortgage-finance firms.
Moody's Investors Service (Moody's) affirmed Wells Fargo Bank, N.A.'s (Wells Fargo Home Lending , WFHL) conventional, conforming residential mortgage originator assessment as Strong. Headquartered in Des Moines, IA, Wells Fargo Home Lending (WFHL) is one of the largest residential mortgage originators in the U.S. Mortgage originations is a core component of Wells Fargo & Company's diversified range of financial services.
, better known as Fannie Mae (FNMA), released their first Multifamily Green Bond Impact Report on Wednesday, highlighting projected financial, social, and environmental benefits resulting from Fannie Mae Green Bonds for U.S. housing.
WASHINGTON, March 6, 2019 /PRNewswire/ -- Fannie Mae (FNMA) today published its first Multifamily Green Bond Impact Report providing metrics on the projected financial, social, and environmental benefits from Fannie Mae Green Bonds for U.S. housing. From 2012 through year-end 2018, Fannie Mae issued $51.7 billion in Green mortgage backed securities and $6.1 billion in Green structured securities, making it the largest green bond issuer in the world in 2017 and 2018. As a result of Fannie Mae Green Bonds, properties are projected to reduce water use by 5.9 billion gallons, equivalent to the amount of water consumed annually by nearly 54,000 American families and greenhouse gas emissions by 287,000 metric tons annually, equivalent to nearly 61,000 passenger vehicles driven for one year.
Freddie Mac is providing financing for a portfolio of more than 300 rental homes under a now-defunct pilot program intended to help address the shortage of homes for middle-class families. The nearly $26 million deal with Freddie allows the company to obtain fixed-rate financing in a rising rate environment. The two-year-old company also provides credit counseling to residents and incentives such as a $100 gift card if they improve their credit score by 25 points or a 10% rental reduction if they get their score over 700 points.
Moody's Investors Service has assigned a rating of Aa2 to the proposed approximately $125 million of New York State Housing Finance Agency (the "Agency" or "NYS HFA") Affordable Housing Revenue Bonds, 2019 Series D (Climate Bond Certified/Green Bonds), and to the proposed approximately $77 million of Affordable Housing Revenue Bonds, 2019 Series E (the "2019 Series D and E Bonds"). Moody's also maintains a Aa2 rating with a stable outlook on all outstanding parity debt issued under the Agency's General Resolution adopted on August 2007 (the "Resolution").
Rates for home loans were little changed near recent lows, a breath of fresh air for the housing market that may be reinforced by policy from Washington.
Moody's Investors Service (Moody's) has assigned definitive ratings to 22 classes of residential mortgage-backed securities (RMBS) issued by J.P. Morgan Mortgage Trust (JPMMT) 2019-LTV1. The certificates are backed by 585 30-year, fully-amortizing fixed-rate mortgage loans with a total balance of $366,319,629 as of the February 1, 2019 cut-off date. Conforming loans comprise only 3.8% of the pool balance.
WASHINGTON , Feb. 28, 2019 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) January 2019 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date ...
Moody's is correcting the enhanced rating history on California Housing Finance Agency, Multifamily Housing Revenue Bonds III, Series 2001 G, CUSIP 13033KXN4. Due to an internal administrative error, Moody's did not maintain the correct enhanced ratings on these bonds following the change of support on May 06, 2015, when the previous temporary credit and liquidity facility (TCLF), provided by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, was replaced by the Letter of Credit (LOC) provided by Citibank, N.A.
WASHINGTON—A panel of Senate lawmakers on Tuesday voted along party lines to advance the nomination of Mark Calabria, President Trump’s pick to help overhaul the way many Americans finance their home purchases, setting up his likely confirmation later this spring. , Mr. Calabria told lawmakers earlier this month that he would work to preserve the popular 30-year, fixed-rate mortgage—a product he has criticized in the past—that currently accounts for approximately 90% of new home loans. If confirmed, Mr. Calabria would play a key role in shaping the Trump administration’s efforts to end the decadelong conservatorship of Fannie and Freddie, taken over at the height of the financial crisis in 2008.
Tariff Deadline No Longer As expected, President Donald Trump has indefinitely postponed the March 1st deadline for a trade deal with China when tariffs were scheduled to rise to 25% for all imported Chinese goods. Trump tweeted as much yesterday, saying that he is scheduling a summit with Chinese President Xi Jinping later next month […]The post Market Morning: Tariff Deadline Lifeline, Brexit Vote Postponed, Fannie & Freddie, JPMorgan Likes Gold appeared first on Market Exclusive.
The company has been in talks with Fannie Mae and Freddie Mac about a loan for a $1.15 billion purchase of apartments in Maryland and Virginia, according to two people familiar with the discussions, who asked not to be named discussing a private transaction. Such a deal would increase Kushner Cos.’ exposure to government-backed mortgages at the same time its former chief executive officer is one of the most powerful people in the White House. Jared Kushner divested ownership in many of the company’s assets to close family members when he joined the government.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Eaton Vance Limited Duration Income Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
This is a pleasant turnabout for the sector after a dreadful fourth quarter when the Bloomberg Barclays U.S. MBS index underperformed by 52 basis points, its worst showing for the quarter since it lagged by 187 basis points to close out 2008. The Fannie Mae 30-year current coupon spread to the U.S. Treasury 5-year/10-year blend has tightened back to levels last seen in October. It has also closed within a narrow 4 basis point range since Jan. 3, according to data compiled by Bloomberg.
Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 20 Feb 2019. New York, February 20, 2019-- ASSIGNMENTS:.