Federal Nat Stock Price, News & Analysis

Fannie Mae (OTCQB: FNMA) has unveiled its 2022 Connecticut Avenue Securities (CAS) Issuance Calendar, indicating a potential issuance of roughly $15 billion in CAS REMIC transactions, contingent on market conditions. Since 2013, Fannie Mae has transferred credit risk on single-family mortgages amounting to nearly $2.4 trillion. The issuance windows span from January to December, with specific timeframes outlined for each month. This initiative aims to enhance market transparency and manage credit risk effectively.

Fannie Mae (FNMA) announced the pricing of its Connecticut Avenue Securities (CAS) Series 2021-R03, a $909 million note offering. This marks Fannie Mae's third and final CAS transaction for 2021, aimed at sharing credit risk in its single-family conventional guaranty portfolio. The reference pool consists of approximately 117,000 loans worth around $35 billion. With this deal, Fannie Mae has completed 44 CAS transactions, issuing over $50 billion in notes.

Fannie Mae's Q4 2021 Mortgage Lender Sentiment Survey reveals that 65% of mortgage lenders expect profitability to decline, up from 46% in the previous quarter. The survey indicates reduced consumer demand for both purchase and refinance mortgages, with expectations of stable purchase demand but a significant decline in refinancing. The primary-secondary mortgage spread remains slightly above pre-pandemic levels. Economic pessimism among consumers has hit a 10-year high, yet housing sentiment remains flat.

Fannie Mae (OTCQB: FNMA) is providing crucial mortgage assistance and disaster relief for homeowners and renters affected by recent tornadoes across several states including Kentucky and Tennessee. Mortgage servicers can offer 90 days of forbearance and homeowners may suspend payments for up to a year without incurring late fees. Fannie Mae's Disaster Response Network™ offers personalized recovery plans and guidance for financial relief. Homeowners on COVID-19 forbearance plans can also explore assistance options. For help, call 877-542-9723 or visit KnowYourOptions.com.

Fannie Mae (OTCQB: FNMA) has successfully issued $100 billion in green multifamily mortgage-backed securities (MBS), advancing sustainable housing finance in the U.S. This initiative enhances liquidity and aims to modernize housing stock for low- and moderate-income households. Over the past decade, Fannie Mae has pioneered green financing, significantly impacting energy efficiency in housing. The company also introduced green MBS for single-family homes, totaling $486 million since April 2020. This progress aligns with environmental, social, and governance (ESG) goals.

The Fannie Mae Home Purchase Sentiment Index (HPSI) fell by 0.8 points to 74.7 in November, marking a 5.3-point drop year-over-year. Despite increasing economic pessimism, 74% of respondents believe it's a good time to sell, while only 29% think it's a good time to buy. Concerns about job security slightly eased, and expectations for rising mortgage rates intensified, with 58% anticipating higher rates. Overall, consumer sentiment on housing remained stable amid heightened macroeconomic concerns.

Fannie Mae has successfully completed its last Credit Insurance Risk Transfer (CIRT) transaction of 2021, covering $30.7 billion in unpaid principal balance of fixed-rate loans from April to June 2021. This transaction transferred nearly $1.2 billion of mortgage credit risk to private insurers and reinsurers. It is noted as the largest risk transfer since the program's inception in 2014. Moreover, Fannie Mae has acquired about $15 billion of insurance on approximately $537 billion of loans through the CIRT program to date.

Fannie Mae (OTCQB: FNMA) has appointed Chryssa C. Halley as Executive Vice President and Chief Financial Officer, effective November 29, 2021. Halley, an experienced leader within the company since 2006, will oversee financial management and strategic research. Jim L. Holmberg has been promoted to Senior Vice President and Controller, becoming the principal accounting officer. These leadership changes aim to bolster Fannie Mae's commitment to becoming a leading ESG company and ensure the safety and soundness of the housing finance system.

Fannie Mae (OTCQB: FNMA) has released its October 2021 Monthly Summary, detailing key metrics of its operations. This report includes insights into Fannie Mae's gross mortgage portfolio, mortgage-backed securities, interest rate risk measures, serious delinquency rates, and loan modifications. This summary plays a critical role in showcasing Fannie Mae's ongoing efforts to support affordable housing options across the United States and its commitment to enhancing the home buying process.