Federal Nat Stock Price, News & Analysis

The Home Purchase Sentiment Index (HPSI) by Fannie Mae rose to 77.7 in January, marking a 3.7-point increase from December. This improvement reflects a notable rise in consumer perception regarding home-selling conditions, with a 16-point net increase. However, the index shows a year-over-year decline of 15.3 points. Key metrics remained relatively stable, with 52% deeming it a good time to buy and 57% for selling. Nonetheless, expectations on home prices and mortgage rates exhibited slight pessimism. Overall, lower-income and renter groups demonstrated increased optimism, suggesting possible recovery signs amid ongoing economic challenges.

Fannie Mae has priced a $536 million Green Multifamily DUS^® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program, marking its ninth issuance in 2020. The new deal offers a Green 15-year tranche alongside traditional 10-year offerings. Notably, the collateral includes the first PHIUS+ certified deal in the Green Bonds industry, aimed at achieving net-zero energy usage. Since the program's inception, Fannie Mae has issued $78.5 billion in Green MBS and $11 billion in Green GeMS.

Fannie Mae's latest economic outlook revises third quarter 2020 GDP growth to 31.6% but lowers fourth quarter expectations to 4.9%, reflecting a complex economic environment influenced by consumer spending and COVID-19 risks. Full-year economic output is projected to contract by 2.6%. However, the housing sector remains robust, with expected residential fixed investment growth at 58.0%, surpassing pre-COVID levels. Fannie Mae foresees significant growth in home sales and mortgage origination compared to 2019, despite an anticipated rise in unemployment by the end of 2021.

Fannie Mae (OTCQB: FNMA) has initiated the marketing of its eighteenth sale of reperforming loans, aimed at decreasing its mortgage portfolio size. This sale comprises approximately 6,360 loans, with an unpaid principal balance of $734.2 million. Qualified bidders can submit bids until November 9, 2020. The loans, previously delinquent but now performing, may still show at-risk statuses. Buyers are required to implement loss mitigation strategies for borrowers likely to re-default within five years.

Fannie Mae (OTCQB: FNMA) announced the results of its seventeenth reperforming loan sale on October 13, 2020. This transaction involved approximately 19,670 loans with a total unpaid principal balance of $2.78 billion, divided into five pools. Winning bidders include Athene Annuity, PIMCO, and Goldman Sachs. Each pool has unique characteristics such as loan sizes and weighted average note rates, with the transaction expected to close on November 20, 2020. Bidders can register for updates and information on specific pools available for purchase.

Fannie Mae (FNMA) is issuing a reminder about mortgage assistance for those affected by Hurricane Delta. Homeowners can contact their mortgage servicer for help, which may include payment suspension for up to 90 days. They can also potentially reduce or suspend payments for up to 12 months without incurring late fees. Fannie Mae's Disaster Response Network offers personalized support, including help with financial relief from FEMA. Homeowners on COVID-19 forbearance plans are advised to reach out to their servicer for further assistance.

Fannie Mae (OTCQB: FNMA) has released its August 2020 Monthly Summary, detailing key metrics regarding its gross mortgage portfolio, mortgage-backed securities, and interest rate risk measures. The report also includes updates on serious delinquency rates and loan modifications. This summary reflects Fannie Mae's ongoing efforts to facilitate affordable housing and improve the housing finance system in the United States.

The Federal Housing Finance Agency (FHFA), Fannie Mae (OTCQB: FNMA), and Freddie Mac have expanded the Mortgage Translations clearinghouse to include Vietnamese, Korean, and Tagalog resources. This initiative aims to assist consumers with limited English proficiency in navigating the mortgage process. The clearinghouse now offers documents in multiple languages and a listing of resources for oral interpretation services. These enhancements, designed to support sustainable homeownership, are part of a multi-year collaboration to improve access to mortgage information for diverse communities.

On September 15, 2020, Fannie Mae (FNMA) successfully priced its eighth Multifamily DUS REMIC of the year, totaling $930.3 million. This offering, known as FNA 2020-M42, is backed by DUS 10/9.5 collateral and has gained substantial demand in a competitive market. The offering includes multiple classes, with the largest being A2 at $619.3 million and a coupon of 1.27%. All classes are guaranteed for timely interest and principal payments, indicating strong backing from Fannie Mae.