Federal Nat Stock Price, News & Analysis

The Fannie Mae Home Purchase Sentiment Index (HPSI) dipped 0.5 points to 74.2 in December, indicating a cautious outlook in the housing market. Only 26% of respondents felt it was a good time to buy, down from 29% the previous month, while 76% thought it was a good time to sell. Year-over-year, the index is up by 0.2 points. Doug Duncan, Chief Economist, noted rising affordability concerns, driven by increasing home prices and anticipated mortgage rate hikes. Additionally, consumer expectations regarding home prices shifted slightly, with a net increase in those believing prices will rise.

Fannie Mae (OTCQB: FNMA) has released its November 2021 Monthly Summary, detailing significant metrics related to its gross mortgage portfolio, mortgage-backed securities, and interest rate risks. The report also covers serious delinquency rates and loan modifications, essential for understanding the company's financial health. This information aids investors in assessing Fannie Mae's performance in the housing finance sector. For a comprehensive look, visit fanniemae.com.

The Economic and Strategic Research Group from Fannie Mae revised its 2021 economic growth forecast upward to 5.5%, citing strong consumer spending. However, the 2022 GDP growth projection was adjusted downwards to 3.2% due to anticipated inflation impacts. The group expects inflation to peak at approximately 7.0% in Q1 2022 and gradually decelerate to 3.8% by year-end. Home sales are projected to grow by 7.1% in 2021 but decline by 1.4% in 2022 due to affordability issues. The Fed is expected to initiate interest rate hikes in 2022 to combat rising inflation.

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.