Federal Nat Stock Price, News & Analysis

Fannie Mae (OTCQB: FNMA) has released its 2025 Benchmark Securities® Issuance Calendar, outlining monthly announcement dates for Benchmark Notes® offerings. Each scheduled date will either announce a specific maturity date or indicate no offering. The company also maintains the option for weekly Benchmark Bills® auctions with maturities of one year or less, typically held on Wednesdays between 9:00-9:45 a.m. ET. The size and maturity of these weekly auctions will be announced on the same day. Fannie Mae reserves the right to skip any scheduled issuance and will notify the market accordingly.

Fannie Mae (FNMA) has appointed Scott D. Stowell to its Board of Directors, bringing nearly 40 years of homebuilding industry experience. Stowell is the Founder, CEO, and President of Capital Thirteen , an advisory and real estate investment company. He previously served as CEO of Standard Pacific Homes and Executive Chairman of CalAtlantic Group. The appointment aims to leverage his expertise in addressing housing supply challenges and expanding mortgage credit access. Stowell currently serves on the boards of Toll Brothers, Pacific Mutual Holding Company, and HomeAid America.

Fannie Mae has approved the Mortgage Partnership Finance® (MPF®) Program to sell loans to Native Americans secured by tribal trust lands under its Native American Conventional Lending Initiative (NACLI). The program, administered by the Federal Home Loan Bank of Chicago on behalf of six Federal Home Loan Banks, will enable MPF Program Participating Financial Institutions serving tribal communities to offer conventional loans on tribal trust lands. This initiative expands financing options for Native American borrowers, complementing existing HUD Section 184 Indian Home Loan Guarantee Program loans. NACLI, established in 1996, was the first program to offer conventional loans on tribal trust lands.

The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 0.7 points to 74.6 in October 2024, reaching its highest level since February 2022. The share of consumers who believe it's a good time to buy a home increased to 20%, while those thinking it's a good time to sell declined to 64%. Despite improved overall housing sentiment, consumers remain concerned about high home prices. The survey shows a growing preference for renting over buying, with expectations of modest rent growth in 2025. Notably, 39% of respondents expect home prices to increase, while 39% anticipate mortgage rates to decrease in the next 12 months.

Fannie Mae (FNMA) has announced the results of its thirty-third reperforming loan sale transaction, involving 8,678 loans with a total unpaid principal balance of $1.42 billion. The sale was divided into three pools, with Pacific Investment Management Company winning Pools 1 and 2, and JP Morgan Mortgage Acquisitions Corp. securing Pool 3. The transaction is set to close by December 20, 2024. The weighted average note rates range from 3.82% to 4.03%, with loan-to-value ratios between 47% and 49%. The cover bids ranged from 82.09% to 84.375% of UPB.

Fannie Mae (FNMA) reported net income of $4.0 billion for the third quarter of 2024. The company has filed its Third Quarter 2024 Form 10-Q with the Securities and Exchange Commission, providing condensed consolidated financial statements for the period ended September 30, 2024. The company has scheduled a conference call to discuss these results, offering a listen-only webcast option for participants.

Fannie Mae (OTCQB: FNMA) has released its September 2024 Monthly Summary. The report includes data on gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates. Key metrics cover both monthly and year-to-date activities, providing a comprehensive overview of the company's financial performance and risk profile.

Fannie Mae (FNMA) announced changes to eligibility requirements for its appraisal alternatives, Value Acceptance and Value Acceptance + Property Data, effective Q1 2025. For purchase loans on primary residences and second homes, the eligible loan-to-value (LTV) ratios will increase from 80% to 90% for Value Acceptance and from 80% to program limits for Value Acceptance + Property Data. Since early 2020, these appraisal alternatives have saved mortgage borrowers over $2.5 billion. The changes aim to make home valuation more efficient while maintaining safety standards.

Fannie Mae has completed its seventh Credit Insurance Risk Transfer™ (CIRT™) transaction of 2024, transferring $338.6 million of mortgage credit risk to private insurers and reinsurers. The CIRT 2024-L4 transaction covers approximately 23,500 single-family mortgage loans with an unpaid principal balance of $7.9 billion. The deal introduces new structural enhancements, including faster coverage release for well-performing loan pools and premium obligations based on remaining coverage. Since inception, Fannie Mae has acquired $28.1 billion of insurance coverage on $935 billion of single-family loans through the CIRT program.