Federal Nat Stock Price, News & Analysis

Fannie Mae (OTCQB: FNMA) reported results from its 23rd reperforming loan sale, involving approximately 18,500 loans totaling $2.9 billion in unpaid principal balance. The sale, announced on October 7, 2021, will close on December 17, 2021. Winning bidders included PIMCO, JP Morgan, Goldman Sachs, and Credit Suisse. The pools featured loans with varying rates, such as 3.41% and 4.74%. The company emphasizes loss mitigation options for borrowers who may re-default, including loan modifications and forbearance.

Fannie Mae (OTCQB: FNMA) announced its first Credit Insurance Risk Transfer™ (CIRT™) transaction for 2021, covering $31.7 billion in unpaid principal balance (UPB) of fixed-rate loans. This deal, effective September 1, 2021, transferred nearly $1 billion of mortgage credit risk. Fannie Mae retains risk for the first 60 basis points of loss, with coverage up to $998 million from insurers and reinsurers. To date, the CIRT program has acquired $13.9 billion of insurance on $506 billion of loans. As of September 30, 2021, $616 billion in loans were referenced for credit risk transfer.

Fannie Mae (OTCQB: FNMA) announced that board members Renee L. Glover, Karin J. Kimbrough, and Christopher Brummer have been recognized on Savoy magazine's 2021 list of Most Influential Black Corporate Directors. Glover's inclusion marks her second recognition on this list. Chairwoman Sheila C. Bair praised their contributions to Fannie Mae's mission, which focuses on providing liquidity, stability, and affordability in U.S. housing finance. CEO Hugh R. Frater acknowledged their expertise, highlighting their role in fostering a safer housing finance system.

Fannie Mae (OTCQB: FNMA) has released its September 2021 Monthly Summary, detailing key metrics including its gross mortgage portfolio, mortgage-backed securities, and interest rate risk measures. The report also outlines serious delinquency rates and loan modifications, providing a comprehensive view of the organization's performance and activities year-to-date. This summary underscores Fannie Mae's commitment to making affordable housing accessible and enhancing the home-buying experience for Americans.

Fannie Mae (OTCQB: FNMA) announced its third quarter 2021 financial results, revealing a net income of $4.8 billion for the quarter ending September 30, 2021. The company filed its Form 10-Q with the SEC, providing insights on its financial performance. Alongside the announcement, Fannie Mae plans to host a conference call to discuss the results further. Key documents including the financial supplement and press release are accessible via Fannie Mae's website.

Fannie Mae (OTCQB: FNMA) will report its third quarter 2021 financial results on October 29, 2021, before the U.S. market opens. A conference call is scheduled for 8:00 a.m. ET the same day to discuss the results. Investors can access the earnings release, quarterly report, and supplemental information on Fannie Mae's financial results webpage. A transcript of the call will also be available. This announcement reflects Fannie Mae's commitment to transparency and timely financial reporting.

On October 19, 2021, Fannie Mae priced a $736 million Multifamily DUS^® REMIC under its GeMS program, marking the eleventh issuance of 2021. The deal attracted positive investor response and included over $730 million in 10-year, call-protected collateral, with a weighted average Debt Service Coverage Ratio (DSCR) of 2.08, indicating strong underlying asset quality. All classes of the REMIC are guaranteed by Fannie Mae for timely interest and principal payments.

Fannie Mae priced its first Connecticut Avenue Securities (CAS) REMIC transaction for 2021, totaling $1.2 billion. The offering, CAS Series 2021-R01, attracted strong demand from investors. It includes about 246,836 single-family mortgage loans with an outstanding balance of $72 billion. Fannie Mae plans to return to the market next month with CAS 2021-R02. This deal adds to Fannie Mae's 42 CAS transactions, which collectively represent $48 billion issued notes and over $1.5 trillion in credit risk transferred to private investors.