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 (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.
Fannie Mae's October 2021 commentary reveals ongoing global supply constraints impacting economic output and inflation concerns. The full-year 2021 GDP growth projection has been revised down from 5.4% to 4.9%. Annual inflation is projected to rise to 5.7%, influenced by high energy prices. The ESR Group anticipates the Federal Reserve to begin tapering asset purchases by year-end and hints at a potential rate hike in Q4 2022. Mortgage rates are expected to average 3.3% in 2022, while home price growth forecasts have been adjusted upwards, reflecting tight inventory and demand.
Summary not available.
Fannie Mae (OTCQB: FNMA) has initiated its twenty-third sale of reperforming loans, comprising approximately 18,800 loans with an unpaid principal balance of $2.9 billion. This effort aims to reduce its retained mortgage portfolio. The sale is being conducted in collaboration with Citigroup Global Markets, and bids are due by November 2, 2021. Buyers must adhere to loss mitigation options for borrowers who re-default within five years post-sale, ensuring compliance with ongoing forbearance and modification efforts.
The Fannie Mae Home Purchase Sentiment Index (HPSI) fell by 1.2 points to 74.5 in September, reflecting consumers' negative perceptions about buying homes, with 66% stating it's a bad time to buy. Year-over-year, the index is down 6.5 points. While the sentiment for selling remains favorable, concerns persist about high home prices. Expectations for home price increases have softened, with only 37% anticipating a rise in the next year, down from 40%. Meanwhile, mortgage rate expectations have also shifted, with a slight increase in respondents who expect a decrease in rates.
Fannie Mae (OTCQB: FNMA) has released its August 2021 Monthly Summary, detailing significant metrics from its gross mortgage portfolio, mortgage-backed securities, and other guarantees. The report includes data on interest rate risk measures, serious delinquency rates, and loan modifications. Fannie Mae plays a crucial role in providing affordable housing and improving the home buying process across America. For detailed insights, the report can be accessed on their official site.
Fannie Mae (OTCQB: FNMA) announced an indefinite extension of its multifamily COVID-19 forbearance program, originally set to expire on September 30, 2021. The program aims to support multifamily property owners and renters facing financial hardships due to COVID-19. Key provisions include suspension of evictions for nonpayment during forbearance, flexible repayment options for tenants, and the absence of late fees. This initiative reflects Fannie Mae's commitment to providing ongoing support as economic uncertainties persist.
Fannie Mae priced a $796 million Green Multifamily DUS REMIC on September 21, 2021, marking its tenth GeMS issuance this year. Total Green GeMS issuance now stands at $13.4 billion. This REMIC facilitates investment in a diverse green multifamily MBS collateral pool across 14 states, enhancing solid credit performance with positive environmental impact. Fannie Mae's Multifamily Green Financing has surpassed $97 billion in total issuance, affirming its commitment to sustainable housing and energy efficiency through programs like Green Rewards.