Federal Nat Stock Price, News & Analysis

On March 15, 2023, Fannie Mae (OTC: FNMA) announced the appointment of Michael Seelig to its Board of Directors and the Audit Committee. Seelig brings over 35 years of experience in financial services, having previously served as a senior executive at PricewaterhouseCoopers. His extensive background in financial management, risk management, and corporate governance is expected to enhance the board’s diversity and efficacy. Chair Michael J. Heid and CEO Priscilla Almodovar expressed confidence in Seelig's capabilities to further Fannie Mae's mission to improve access to homeownership and affordable rental housing across the U.S.

Fannie Mae (OTCQB: FNMA) executed its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2023, transferring $407.5 million of mortgage credit risk to private insurers. This transaction covers approximately 35,000 mortgage loans with an unpaid principal balance of $11.8 billion. Since the program's inception, Fannie Mae has secured about $22.6 billion in insurance coverage on $761 billion of single-family loans. Fannie Mae will retain risk for 75 basis points of loss, with reinsurers covering the next 345 basis points up to $407.5 million. The CIRT 2023-1 transaction aims to mitigate taxpayer risk by enhancing private capital's role in the mortgage market.

Fannie Mae (FNMA) released its January 2023 Monthly Summary, detailing key metrics regarding its gross mortgage portfolio, mortgage-backed securities, and interest rate risk measures. The report sheds light on year-to-date activities and serious delinquency rates. This summary is essential for investors as it reflects the company's performance in a fluctuating market, emphasizing Fannie Mae's commitment to facilitating homeownership and affordable housing solutions across the U.S.

Fannie Mae anticipates a modest recession beginning in Q2 2023, influenced by high consumer spending, declining monetary aggregates, and an inverted yield curve. Recent data, including a robust labor report and retail sales growth, poses risks of tighter monetary policy and increased interest rates. The housing market began 2023 positively due to lower mortgage rates, but ongoing affordability issues and limited inventory are likely to hinder sales. The ESR Group warns that this temporary housing boost may reverse if rates rise again. Overall, economic indicators suggest a challenging outlook amid heightened financial stability risks.

Fannie Mae (OTCQB: FNMA) reported a net income of $12.9 billion for 2022, with a fourth-quarter income of $1.4 billion. The financial results are detailed in its 2022 Form 10-K filed with the SEC on February 14, 2023. The filing includes consolidated financial statements for the year ending December 31, 2022. Fannie Mae has also scheduled a conference call to discuss the results at 8:00 a.m. ET on the same day. Investors can find related documents and further details on Fannie Mae’s website.

Fannie Mae (OTCQB: FNMA) is set to release its fourth quarter and full-year 2022 financial results on February 14, 2023, before U.S. markets open. A conference call will take place at 8:00 a.m. ET on the same day to discuss the results. Investors can access the earnings news release and supplementary data on the company’s financial results webpage. The release will include comprehensive insights into Fannie Mae's yearly performance and operational highlights.