OTC:FNMA

Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale

Retrieved on: 
Thursday, May 9, 2024
Sale, LP, OTCQB, Fannie Mae, FNMA, BPO, Minority, BofA Securities, UPB, Auction

WASHINGTON, May 9, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-fourth non-performing loan sale transaction.

Key Points: 
  • WASHINGTON, May 9, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-fourth non-performing loan sale transaction.
  • All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including forbearance arrangements and loan modifications.
  • In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.
  • Fannie Mae will also post information about specific pools available for purchase on that page.

Fannie Mae Expands Income Calculator Tool with Free, Web-based Option for Loan Originators

Retrieved on: 
Wednesday, May 8, 2024
CoreLogic, Risk, OTCQB, Fannie Mae, DU, Employment, Calculator, FNMA, Documentation, Analyser, Workforce, Real estate

WASHINGTON, May 8, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) has announced new enhancements to its Income Calculator tool that will help mortgage professionals serve the growing number of mortgage applicants in the U.S. who are self-employed and don't have traditional sources of income. Available now on FannieMae.com, lenders and other loan originators can leverage Fannie Mae's web-based Income Calculator for easy, accurate, and immediate calculation of self-employment income, at no additional cost.

Key Points: 
  • Available now on FannieMae.com, lenders and other loan originators can leverage Fannie Mae's web-based Income Calculator for easy, accurate, and immediate calculation of self-employment income, at no additional cost.
  • With the Fannie Mae Income Calculator, lenders receive an accurate, validated income amount for use in the underwriting process.
  • Income Calculator is a Fannie Mae-hosted service that uses tax return data to calculate monthly income using current Selling Guide requirements before the lender submits the loan casefile to Fannie Mae.
  • Lenders are encouraged to contact their Fannie Mae representative to learn how to get started with Income Calculator and other Fannie Mae technologies, products, and resources.

Housing Sentiment Again Shows Signs of Plateauing

Retrieved on: 
Tuesday, May 7, 2024
FNMA, Fannie Mae, Research report, OTCQB, Housing

WASHINGTON, May 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) was unchanged in April at 71.9 and is showing signs of once again plateauing as consumers continue to adjust to the higher interest rate and home price environment. This month, 67% of consumers indicated that it's a good time to sell a home, while 20% said it's a good time to buy a home. These two indicators are up 10 percentage points and 3 percentage points, respectively, since the end of 2023, despite mortgage rates having moved steadily upward. Additionally, the share of respondents who expect mortgage rates to go down over the next 12 months fell to 26%. The full index is up 5.1 points year over year.

Key Points: 
  • Additionally, the share of respondents who expect mortgage rates to go down over the next 12 months fell to 26%.
  • "The HPSI, unchanged this month, may have hit another plateau as consumers maintain their 'wait and see' approach to the housing market," said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist.
  • "Overall, housing sentiment increased from November through February, driven largely by consumer belief that mortgage rates would move lower.
  • Fannie Mae's Home Purchase Sentiment Index (HPSI) remained unchanged in April at 71.9.

Fannie Mae Reports Net Income of $4.3 Billion for First Quarter 2024

Retrieved on: 
Tuesday, April 30, 2024
Fannie Mae, Webcast

Fannie Mae has scheduled a conference call to discuss the company's results today at 8:00 a.m., ET.

Key Points: 
  • Fannie Mae has scheduled a conference call to discuss the company's results today at 8:00 a.m., ET.
  • Participants may join the conference call in listen-only mode via the webcast link below.
  • Click on the link above to attend the presentation from your laptop, tablet, or mobile device.
  • If you have difficulty accessing the webcast, please click the "Listen by Phone" button on the webcast player and dial the number provided.

Fannie Mae Updates Equitable Housing Finance Plan

Retrieved on: 
Monday, April 29, 2024
Ecosystem, OTCQB, Housing, Fannie Mae, Plan, Environment, Senior counsel, Real estate

WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today released its annual update to the 2022-2024 Equitable Housing Finance Plan (the Plan) to knock down housing and homeownership barriers faced by historically underserved consumers and communities across the United States.

Key Points: 
  • WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today released its annual update to the 2022-2024 Equitable Housing Finance Plan (the Plan) to knock down housing and homeownership barriers faced by historically underserved consumers and communities across the United States.
  • The three-year Equitable Housing Finance Plan addresses the key obstacles faced by historically underserved consumers, renters, and homeowners.
  • In the first two years of the Equitable Housing Finance Plan, Fannie Mae established the groundwork to address housing disparities affecting historically underserved consumers and made progress on achieving its goals through the combined efforts of lenders, industry partners, and community stakeholders.
  • To learn more about Fannie Mae's ongoing efforts to support the housing ecosystem, read Katrina Jones' Perspectives blog .

Fannie Mae Announces Results of Tender Offer for Any and All of Certain CAS Notes

Retrieved on: 
Monday, April 29, 2024
Connecticut Avenue, REMIC, FNMA, CAS, Fannie Mae, Trust, Offers, OTCQB

WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities® (CAS) Notes listed in the table below (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents").

Key Points: 
  • WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities® (CAS) Notes listed in the table below (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents").
  • Certain of the classes of Notes subject to the Offers were issued by the REMIC trusts identified in the table below (each, a "Trust").
  • Fannie Mae is the holder of the ownership certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.
  • The table below sets forth the original principal balance of the Notes, the percentage of original principal amount tendered, and the original principal amount tendered in the Offers.

Fannie Mae Releases March 2024 Monthly Summary

Retrieved on: 
Thursday, April 25, 2024
OTCQB, FNMA

WASHINGTON, April 25, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) March 2024 Monthly Summary is now available.

Key Points: 
  • WASHINGTON, April 25, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) March 2024 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, and serious delinquency rates.

Fannie Mae Announces Scheduled Release of First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, April 23, 2024
FNMA, Fannie Mae, News, OTCQB

WASHINGTON, April 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its first quarter 2024 financial results on Tuesday morning, April 30, 2024, before the opening of U.S. financial markets.

Key Points: 
  • WASHINGTON, April 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its first quarter 2024 financial results on Tuesday morning, April 30, 2024, before the opening of U.S. financial markets.
  • Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m., ET, on April 30, 2024.
  • Prior to the call, the company's first quarter 2024 earnings news release, quarterly report on Form 10-Q, and other supplemental information will be available on the company's Quarterly and Annual Results webpage at fanniemae.com/financialresults .
  • Following the call, a transcript will be published to the same webpage and will remain available until our next quarterly earnings announcement.

Hot Economy, Inflation Likely to Keep Rates 'Higher for Longer'

Retrieved on: 
Tuesday, April 23, 2024
Sale, Consumer, Economy, Federal Reserve, OTCQB, Housing, ESR Group, Fannie Mae, Employment, ESR, Projection, Real estate

WASHINGTON, April 23, 2024 /PRNewswire/ -- Stronger-than-expected economic and inflation data have pushed interest rates higher and financial markets to price in fewer Federal Reserve rate cuts this year, according to the April 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While higher mortgage rates present renewed headwinds to the expected recovery in home sales this year, as well as homebuyer affordability more generally, the ESR Group notes that new listings of homes available for sale have continued to rise. While the ESR Group is forecasting existing home sales to rise modestly over the course of the year, it expects the flow of new listings to outpace home sales, which should help gradually thaw housing inventory and contribute to decelerating home price growth. However, based on incoming home price data, which continue to come in strong, the ESR Group expects home prices to rise 4.8 percent in 2024, up 1.6 percentage points from last quarter's projection, and then another 1.5 percent in 2025.

Key Points: 
  • While interest rate cuts appear to be on hold due to the recent mix of strong economic data and hot inflation reports, the ESR Group continues to forecast slowing employment and economic growth, as well as progress toward 2-percent inflation over its forecast horizon.
  • "Financial markets rapidly repriced their interest rate expectations following hotter-than-expected inflation reports and ongoing strong payroll employment gains," said Hamilton Fout, Fannie Mae Vice President, Economic and Strategic Research.
  • To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here .
  • Changes in the assumptions or the information underlying these views could produce materially different results.

Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes

Retrieved on: 
Monday, April 22, 2024
Offers, Settlement date, Fannie Mae, Risk, Bank statement, BofA Securities, Wells Fargo, Tender, Note, Security (finance)

Holders must validly tender their Notes at or before the Expiration Time in order to be eligible to receive the Tender Offer Consideration, which will incorporate the monthly Certificate Percentages available on April 25, 2024.

Key Points: 
  • Holders must validly tender their Notes at or before the Expiration Time in order to be eligible to receive the Tender Offer Consideration, which will incorporate the monthly Certificate Percentages available on April 25, 2024.
  • Fannie Mae expects the Settlement Date to occur on April 30, 2024.
  • This release includes forward-looking statements, including statements relating to the timing and expected settlement and closing of the purchase of the Notes in a tender offer.
  • All forward-looking statements are made as of the date of this press release, and Fannie Mae assumes no obligation to update this information.