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Federal National Mortgage Association - FNMA STOCK NEWS

Welcome to our dedicated news page for Federal National Mortgage Association (Ticker: FNMA), a resource for investors and traders seeking the latest updates and insights on Federal National Mortgage Association.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Federal National Mortgage Association's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Federal National Mortgage Association's position in the market.

Rhea-AI Summary
Fannie Mae (FNMA) announces a strategic partnership with a leading fintech company to enhance its digital mortgage services.
Rhea-AI Impact
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End-of-Day
-15.82%
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Fannie Mae receives the 2024 ENERGY STAR Partner of the Year award for its green financing initiatives, showcasing a commitment to energy efficiency in housing. The company's Multifamily and Single-Family businesses have been recognized for their contributions to promoting sustainable practices in the housing market.
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End-of-Day
3.72%
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Rhea-AI Summary
Fannie Mae (FNMA) announces winning bidder for Community Impact Pool of non-performing loans in New York/New Jersey area, totaling $10.4 million. GITSIT Solutions, (Tourmalet) emerges as the winner. The transaction is expected to close on May 22, 2024.
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Rhea-AI Sentiment
End-of-Day
3.72%
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Rhea-AI Summary
Fannie Mae's Economic and Strategic Research Group predicts higher mortgage rates for 2024 due to increased inflation data, impacting home sales and mortgage originations. The 30-year fixed mortgage rate is forecasted to reach 6.4 percent by year-end, up from the previous 5.9 percent prediction. Despite mixed labor market indicators, the Federal Reserve is expected to maintain a less aggressive rate-cutting path. However, existing home sales are projected to rise, supported by new home listings and positive sentiment in the housing market.
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Fannie Mae (FNMA) announces the results of its twenty-third non-performing loan sale transaction, totaling $235.8 million in unpaid principal balance. VRMTG ACQ, LLC wins the bid, with the transaction expected to close on April 25, 2024. The sale includes 1,581 deeply delinquent loans with specific loan pool details.
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Rhea-AI Sentiment
End-of-Day
-5.19%
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Fannie Mae (FNMA) priced an approximately $751 million note offering under its CAS program, bringing the year-to-date issuance to $1.57 billion. The reference pool consists of 56,000 single-family mortgage loans with an unpaid balance of $18.6 billion. Wells Fargo and StoneX are the lead managers for the transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
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Rhea-AI Summary
Fannie Mae's Home Purchase Sentiment Index (HPSI) rose to 72.8, the highest level in nearly 2 years, driven by increased optimism in home-selling conditions. The index increased for the third consecutive month, with 65% of consumers viewing it as a good time to sell a home. However, only 19% feel it's a good time to buy. Despite a slight decrease in the expectation of lower mortgage rates, the overall index is up 14.8 points year over year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
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Fannie Mae introduces new capabilities in its automated underwriting system to streamline the mortgage origination process, enabling improved loan quality control, faster cycle times, and potential cost savings. The enhancement allows lenders to use a single 12-month asset verification report to validate borrower assets, income, and employment in one step, supporting access to credit and homeownership opportunities.
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Rhea-AI Sentiment
End-of-Day
3.23%
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Rhea-AI Summary
Fannie Mae (FNMA) executed its first Credit Insurance Risk Transfer transaction of 2024, transferring $355.6 million of mortgage credit risk to private insurers. The deal covers a pool of 28,000 single-family mortgage loans with an unpaid principal balance of $9.0 billion. The transaction includes fixed-rate, 30-year term mortgages with LTV ratios of 60.01% to 80.00%. Fannie Mae retains risk for the first 150 basis points of loss, with reinsurers covering the rest up to $355.6 million over an 18-year term.
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Rhea-AI Summary
Fannie Mae (FNMA) announces a strategic partnership with a leading fintech company to enhance digital mortgage services.
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Federal National Mortgage Association

OTC:FNMA

FNMA Rankings

FNMA Stock Data

2.16B
1.16B
10.15%
12.12%
Real Estate Credit
Finance and Insurance
Link
US
Washington

About FNMA

fannie mae serves the people who house america. we are a leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets at all times. our financing makes sustainable homeownership and workforce rental housing a reality for millions of americans. we also help make possible the popular 30-year, fixed-rate mortgage, which provides homeowners with stable, predictable mortgage payments over the life of the loan. our tools and resources help homebuyers, homeowners, and renters understand their housing options. we put our customers and partners at the center of everything we do. we apply our experience and expertise to deliver innovative solutions to help our customers succeed. at fannie mae, our people pour their hearts into everything they do. because we know it makes a real difference in others’ lives. we are committed to moving forward with our partners to build a stronger, safer, more efficient housing finance system. join us at the hea