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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.

News
Higher Mortgage Rate Forecast Leads to Decline in 2024 Home Sales Expectations
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 Announces Winner of its Latest Non-Performing Loan Sale
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
-5.19%
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Fannie Mae Prices $751 Million Connecticut Avenue Securities (CAS) REMIC Deal
Rhea-AI Summary
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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Home-Selling Sentiment Moves Higher Ahead of Spring Homebuying Season
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.
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Rhea-AI Sentiment
End-of-Day
2.34%
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Fannie Mae Provides Day 1 Certainty; New Enhancement Further Streamlines Mortgage Origination Process for Lenders and Homebuyers
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
3.23%
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Fannie Mae Executes First Credit Insurance Risk Transfer Transaction of 2024 on $9.0 Billion of Single-Family Loans
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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Fannie Mae Releases January 2024 Monthly Summary
Rhea-AI Summary
Fannie Mae (FNMA) announces a strategic partnership with a leading fintech company to enhance digital mortgage services.
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Expert Panel Upgrades Home Price Growth Outlook, Cites Supply Constraints and Lower Mortgage Rates
Rhea-AI Summary
Fannie Mae's Q1 2024 Home Price Expectations Survey predicts a 3.8% national home price growth in 2024, with experts foreseeing a median 6% mortgage rate by the year-end, indicating increased upside risk due to housing supply constraints and lower mortgage rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
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Housing Activity Expected to Pick Up in 2024 as Rates Move Lower
Rhea-AI Summary
Fannie Mae's Economic and Strategic Research Group forecasts modest growth in existing home sales and new single-family housing starts in 2024 due to lower mortgage rates and improving homebuyer sentiment. The group expects mortgage rates to decrease slightly by the end of 2024 and 2025, while single-family starts are projected to increase despite a recent pullback. The forecast also includes an upgraded macroeconomic growth outlook for 2024 based on strong Q4 2023 GDP report and positive trends in population growth and immigration. However, concerns about softer consumer spending, slowing government spending growth, and cooling labor market persist.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
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Fannie Mae Appoints Peter Akwaboah as Chief Operating Officer
Rhea-AI Summary
Fannie Mae appoints Peter Akwaboah as Executive Vice President and COO, bringing nearly three decades of experience from the financial services industry. Akwaboah will oversee various functions and report to CEO Priscilla Almodovar, enhancing technology and operations capabilities.
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Rhea-AI Sentiment
End-of-Day
-0.79%
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Federal National Mortgage Association

OTC:FNMA

FNMA Rankings

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FNMA Stock Data

1.83B
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