Welcome to our dedicated page for FANNIE MAE news (Ticker: FNMA), a resource for investors and traders seeking the latest updates and insights on FANNIE MAE stock.
Fannie Mae reports news centered on its role as a federally chartered housing finance company and government-sponsored enterprise traded on OTCQB under FNMA. Recurring updates include quarterly and annual financial results, earnings presentations, financial supplements, and monthly summaries of gross mortgage portfolio activity, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.
Company announcements also cover Selling Guide updates for credit score modernization, including VantageScore 4.0 and FICO Score 10T, as well as capital markets activity involving Connecticut Avenue Securities notes. Governance and housing finance policy developments may appear alongside disclosures tied to Fannie Mae’s conservatorship framework.
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.
Summary not available.
Fannie Mae (FNMA) announced the results of its fixed-price cash tender offers for Connecticut Avenue Securities (CAS) Debt Notes. A total of $3,134,035,239 in original principal amount was tendered by the deadline of November 19, 2021. Notable tender percentages included 82.22% for Series 2016-C03 and 92.93% for Series 2017-C02. The settlement date for accepted Notes is expected on November 23, 2021. BofA Securities and Barclays acted as lead managers for this process.
Fannie Mae's November 2021 commentary highlights significant inflation concerns, projecting an annual average of 6.2% in Q4 2021. The Federal Reserve may begin raising interest rates in Q4 2022 if inflation persists. Economic growth for 2023 is forecasted at 2.1%, supported by consumer spending and inventory restocking. Home sales expectations are revised upwards, with $1.9 trillion in mortgage originations projected for 2021. However, housing construction remains constrained due to supply chain issues, with anticipated growth of 4.8% in single-family home starts for 2022.