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Federal National Mortgage Association - FNMA STOCK NEWS

Welcome to our dedicated news page for Federal National Mortgage Association (Ticker: FNMA), a resource for investors and traders seeking the latest updates and insights on Federal National Mortgage Association.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Federal National Mortgage Association's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Federal National Mortgage Association's position in the market.

News
Mortgage Rate Optimism Hits Survey High
Rhea-AI Summary
Fannie Mae's Home Purchase Sentiment Index (HPSI) increased 3.5 points in January to 70.7, the highest level since March 2022, driven by increased consumer confidence in job security and expectations of decreasing mortgage rates. Consumer sentiment toward housing is at its highest level in nearly two years.
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Fannie Mae Releases December 2023 Monthly Summary
Rhea-AI Summary
Fannie Mae (FNMA) has announced its financial results for the fourth quarter of 2023, reporting a net income of $3.4 billion, a $1.3 billion increase from the previous quarter. The company's net worth also increased by $2.4 billion, and it paid $2.9 billion in dividends to the U.S. Department of the Treasury. However, Fannie Mae also reported a $2.5 billion loss in fair value losses on derivatives, impacting its comprehensive income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
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Fannie Mae Multifamily Closes 2023 With More than $52 Billion in Volume
Rhea-AI Summary
Fannie Mae (FNMA) provided over $52 billion in financing to support the multifamily market in 2023, expanding access to affordable housing through its DUS platform and committing approximately $4 billion in net equity to Low-Income Housing Tax Credit investments. The company also saw a 29% year-over-year gain in its Manufactured Housing Communities loan production, reaching $3.5 billion in 2023. Top DUS lenders and producers for various housing segments are also highlighted in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.43%
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Fannie Mae Prices $819 Million Connecticut Avenue Securities (CAS) REMIC Deal
Rhea-AI Summary
Fannie Mae (FNMA) priced an approximately $819 million note offering, representing its first CAS REMIC transaction of the year. The reference pool for CAS Series 2024-R01 consists of around 60,000 single-family mortgage loans with an outstanding unpaid principal balance of about $19.2 billion. Fannie Mae will retain a portion of the tranches and initially will retain the full 1B-3H first-loss tranche. BofA Securities, Inc. and Cantor Fitzgerald & Co. are the lead structuring manager and co-lead manager respectively. With the completion of this transaction, Fannie Mae will have brought 62 CAS deals to the market, issued over $65.3 billion in notes, and transferred a portion of the credit risk to private investors on over $2.1 trillion in single-family mortgage loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.43%
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Fannie Mae Announces Single-Family Social Bond Framework
Rhea-AI Summary
Fannie Mae (FNMA) announces the launch of its Single-Family Social Bond Framework and updates to disclosures for the company's Single-Family mortgage-backed securities (MBS) to support access to credit and affordable housing. The company plans to rebrand the Social Index as the 'Mission Index' and assign the Social label to Single-Family MBS meeting the criteria beginning in June 2024. Fannie Mae aims to provide impact reporting annually starting in 2025 to help the market understand the associated impact of the loans underlying their investments.
Rhea-AI Impact
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End-of-Day
-0.74%
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Mortgage Rates Expected to Dip Below 6 Percent in 2024, Boosting Home Sales
Rhea-AI Summary
Fannie Mae's Economic and Strategic Research (ESR) Group expects the housing market to return to a more balanced state in 2024, with mortgage rates declining and refinance volumes increasing. The annualized pace of existing home sales is projected to rise to 4.5 million units by Q4 2024, and new home sales are forecasted to top 2023 levels. Home price growth is expected to slow down to 3.2 percent in 2024, compared to 7.1 percent in 2023. The ESR Group also anticipates a brighter economic backdrop for 2024, with a positive-but-below-trend growth outlook, despite significant downside risks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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Home Price Growth Falls Further in Fourth Quarter
Rhea-AI Summary
Fannie Mae's Home Price Index (FNM-HPI) reported a 7.1% increase in single-family home prices from Q4 2022 to Q4 2023. On a quarterly basis, home prices rose 1.7% in Q4 2023, a deceleration from the previous quarter. The report attributes the slower growth to interest rates peaking near 8%, impacting housing demand. However, housing demand held up well in 2023, driven by Millennials and strong household finances.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.25%
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Fannie Mae Announces Sale of Reperforming Loans
Rhea-AI Summary
Fannie Mae (FNMA) begins marketing sale of reperforming loans to reduce retained mortgage portfolio. Sale includes 4,874 loans with an unpaid principal balance of $859.2 million. Bids due on February 6, 2024.
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-4%
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Consumer Optimism About Mortgage Rates Jumps Significantly
Rhea-AI Summary
Fannie Mae (FNMA) Home Purchase Sentiment Index® (HPSI) increased 2.9 points in December to 67.2. 31% of consumers expect mortgage rates to go down, while 31% expect them to go up, and 36% expect rates to remain the same. The full index is up 6.2 points year over year.
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Fannie Mae Releases November 2023 Monthly Summary
Rhea-AI Summary
Fannie Mae (OTCQB: FNMA) announces the launch of a new affordable housing initiative to address the housing crisis.
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14.67%
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Federal National Mortgage Association

OTC:FNMA

FNMA Rankings

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FNMA Stock Data

1.83B
1.16B
10.15%
12.12%
Real Estate Credit
Finance and Insurance
Link
US
Washington

About FNMA

fannie mae serves the people who house america. we are a leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets at all times. our financing makes sustainable homeownership and workforce rental housing a reality for millions of americans. we also help make possible the popular 30-year, fixed-rate mortgage, which provides homeowners with stable, predictable mortgage payments over the life of the loan. our tools and resources help homebuyers, homeowners, and renters understand their housing options. we put our customers and partners at the center of everything we do. we apply our experience and expertise to deliver innovative solutions to help our customers succeed. at fannie mae, our people pour their hearts into everything they do. because we know it makes a real difference in others’ lives. we are committed to moving forward with our partners to build a stronger, safer, more efficient housing finance system. join us at the hea