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Tue, 30 Apr 2024 18:09:14 +0000	Fannie Mae profits grow to $4.3B in Q1 2024 Despite the struggles of its independent mortgage bank counterparties, Fannie Mae delivered $4.3 billion in net income during the first quarter of the year, up from $3.9 billion in the prior quarter.
Tue, 30 Apr 2024 12:52:08 +0000	Fannie Mae Reports Strong Q1 2024 Earnings, Surpassing Analyst Revenue Forecasts Net Income Hits $4.3 Billion with Significant Contributions to U.S. Housing Market
Tue, 30 Apr 2024 11:31:00 +0000	Fannie Mae Reports Net Income of $4.3 Billion for First Quarter 2024 Fannie Mae (OTCQB: FNMA) today reported its first quarter 2024 financial results and filed its First Quarter 2024 Form 10-Q with the Securities and Exchange Commission. The filing provides consolidated financial statements for the quarter ended March 31, 2024. The following documents are now available on Fannie Mae's website at www.fanniemae.com.
Mon, 29 Apr 2024 18:11:00 +0000	Fannie Mae Updates Equitable Housing Finance Plan Fannie Mae (OTCQB: FNMA) today released its annual update to the 2022-2024 Equitable Housing Finance Plan (the Plan) to knock down housing and homeownership barriers faced by historically underserved consumers and communities across the United States.
Mon, 29 Apr 2024 15:15:00 +0000	Fannie Mae Announces Results of Tender Offer for Any and All of Certain CAS Notes Fannie Mae (OTCQB: FNMA) today announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities® (CAS) Notes listed in the table below (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents"). Certain of the classes of Notes subject to the Offers
Thu, 25 Apr 2024 20:05:00 +0000	Fannie Mae Releases March 2024 Monthly Summary Fannie Mae's (OTCQB: FNMA) March 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.
Thu, 25 Apr 2024 16:00:00 +0000	Mortgage Rates Are on the Rise. So Are Home Sales, and Prices. Rates are estimated to end the year at 6.5%, higher than the previously expected 6.1%, a trade group says.
Wed, 24 Apr 2024 20:11:57 +0000	Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes (Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music
Tue, 23 Apr 2024 20:15:00 +0000	Fannie Mae Announces Scheduled Release of First Quarter 2024 Financial Results Fannie Mae (OTCQB: FNMA) today announced plans to report its first quarter 2024 financial results on Tuesday morning, April 30, 2024, before the opening of U.S. financial markets.
Tue, 23 Apr 2024 12:30:00 +0000	Hot Economy, Inflation Likely to Keep Rates 'Higher for Longer' Stronger-than-expected economic and inflation data have pushed interest rates higher and financial markets to price in fewer Federal Reserve rate cuts this year, according to the April 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While higher mortgage rates present renewed headwinds to the expected recovery in home sales this year, as well as homebuyer affordability more generally, the ESR Group notes that new listings of homes available for sale
Mon, 22 Apr 2024 13:00:00 +0000	Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes Fannie Mae (FNMA/OTCQB) today announced that it has commenced fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for the purchase of any and all of the Connecticut Avenue Securities® (CAS) Notes listed below (the "Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents"). Certain of the classes of Notes subject to the Offer
Thu, 18 Apr 2024 15:30:00 +0000	Fannie Mae Priced $509.1 Million Multifamily DUS REMIC (FNA 2024-M4) Under Its GeMS Program Fannie Mae (OTCQB: FNMA) priced a $509.1 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on April 9, 2024. FNA 2024-M4 marks the second Fannie Mae GeMS issuance of 2024.
Wed, 17 Apr 2024 13:00:00 +0000	Home Prices Moved Up Another 1.7% to Start the Year Single-family home prices increased 7.4 percent from Q1 2023 to Q1 2024, up from the previous quarter's revised annual growth rate of 6.6 percent, according to Fannie Mae's (OTCQB: FNMA) latest Home Price Index (FNM-HPI) reading, a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 1.7 percent in Q1 2024, essentially the sa
Tue, 16 Apr 2024 16:12:32 +0000	Fannie Mae’s New Mortgage-Scoring System Aims to Lift MBS Demand (Bloomberg) -- Fannie Mae is selling agency mortgage backed securities designed to appeal to socially minded investors, as the mortgage giant looks to draw more buyers into the market to help fill a void left by the Federal Reserve stopping purchases.Most Read from BloombergUS Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelBeyond the Ivies: Surprise Winners in the
Tue, 16 Apr 2024 14:00:00 +0000	Fannie Mae Announces Sale of Reperforming Loans Fannie Mae (OTCQB: FNMA) today began marketing its most recent sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.
Thu, 11 Apr 2024 15:30:00 +0000	Fannie Mae Prices $628 Million Connecticut Avenue Securities (CAS) REMIC Deal Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R03, an approximately $628 million note offering that represents Fannie Mae's third CAS REMIC® transaction of the year. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business. Year to date, Fannie Mae has issued approximately $2.2 billion of notes under the CAS program.
Thu, 11 Apr 2024 12:36:53 +0000	Opinion: Fixed-rate mortgages need their rates fixed for longer terms What our banks call 'fixed-rate mortgages' are really variable rate loans with five-year resets. Longer terms would help many consumers
Wed, 10 Apr 2024 15:44:18 +0000	CFPB considers ban on charging buyers for lender’s title policy Homebuyers must purchase a title policy to protect their lender, but the CFPB is reportedly looking to change that.
Tue, 09 Apr 2024 14:08:00 +0000	Consumers Are a Bit Gloomy About Mortgage Rates. What’s Behind the Sour Mood. Consumers in March soured on the prospect of lower mortgage rates, according to one survey. Mortgage rates, one of the main inputs of housing costs, have hovered between roughly 6.6% and 7% since the start of the year, according to weekly Freddie Mac data. As of Monday morning, the 10-year Treasury yield, a benchmark for mortgage rates, was up 0.058 percentage point since last Wednesday’s close, according to Dow Jones Market Data.
Tue, 09 Apr 2024 14:00:00 +0000	Fannie Mae Announces Sale of Non-Performing Loans Fannie Mae (OTCQB: FNMA) today announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's twenty-fourth Community Impact Pool (CIP). CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned businesses (MWOBs), and smaller investors.