Fannie Mae (FNMA) 1.9700 $FNMA
Fannie Mae Announces Scheduled Release of Second Quarter 2016 Financial Results
PR Newswire - Fri Jul 29, 2:56PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today announced plans to report its second quarter 2016 financial results on Thursday morning, August 4, 2016, before the opening of U.S. financial markets.
Fannie Mae Releases June 2016 Monthly Summary
PR Newswire - Thu Jul 28, 3:06PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) June 2016 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, serious delinquency rates, and loan modifications.
Fannie Mae Enhances HomeReady® Mortgage to Expand Access to Credit for Eligible Borrowers
PR Newswire - Tue Jul 26, 3:00PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) announced enhancements to HomeReady®, the affordable mortgage option designed to meet the diverse needs of today's borrowers. HomeReady allows borrowers to provide as little as 3 percent down, and was the first affordable lending option to offer creditworthy borrowers the ability to qualify with income from non-borrower household members. HomeReady continues to evolve with enhancements that expand access to credit responsibly and promote successful homeownership.
Fannie Mae Prices $913.6 Million Multifamily DUS REMIC (FNA 2016-M7) Under Its GeMS(TM) Program
PR Newswire - Fri Jul 15, 1:30PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its seventh Multifamily DUS® REMIC in 2016 totaling $913.6 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 12, 2016.
Economic Growth Outlook Holds Steady for 2016
PR Newswire - Mon Jun 20, 8:00AM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group's full-year economic growth forecast remains unchanged in June from the prior forecast of 1.7 percent. Recent data emphasize the uneven nature of the current economic expansion. Consumer spending and housing activity have picked up, but a slowing trend in hiring and business investment has increased downside risks to the forecast. Headwinds facing businesses include declining profits, weakening productivity, and rising labor costs.
Feds won't file fraud suit against Countrywide's Mozilo
AP - Fri Jun 17, 9:09PM CDT
LOS ANGELES (AP) — Federal prosecutors won't file a fraud lawsuit against former Countrywide Financial chief executive Angelo Mozilo over the sale of billions of dollars' worth of subprime loans before the mortgage meltdown, his attorney said Friday.
Fannie Mae Names Three Housing Finance Veterans to Board of Directors
PR Newswire - Thu Jun 09, 1:04PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) recently announced that Hugh R. Frater, Renee L. Glover, and Michael J. Heid have been elected to the Board of Directors. These three new Directors are recognized industry leaders with deep and diverse housing finance expertise. The new Directors join other similarly accomplished individuals on a Board of Directors that will help guide Fannie Mae in its drive to be America's most valued housing partner.
Wells Fargo (WFC) Launches Affordable Non-FHA Mortgages
Zacks Equity Research - Zacks Investment Research - Fri May 27, 7:25AM CDT
Wells Fargo & Company (WFC) launched a new affordable mortgage program that allows the customers to make a down payment of just 3% for fixed-rate mortgages.
BAC: 14.49 (-0.19), WFC: 47.97 (-0.16)
Fannie Mae Releases April 2016 Monthly Summary
PR Newswire - Thu May 26, 3:02PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) April 2016 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, serious delinquency rates, and loan modifications.
Business Highlights
By The Associated Press - AP - Mon May 23, 4:30PM CDT
___
VIA: 49.64 (-0.54), MON: 106.77 (+0.65), PFE: 36.89 (+0.22), BAC: 14.49 (-0.19), CBS.A: 55.00 (-3.12), BA: 133.66 (+0.65), VIAB: 45.47 (-0.50), CBS: 52.22 (-1.99)
Appeals court reverses fraud finding against Bank of America
By LARRY NEUMEISTER - AP - Mon May 23, 2:50PM CDT
NEW YORK (AP) — Bank of America Corp. was not liable for fraud and subject to a penalty of more than $1.2 billion for its actions before the economy collapsed in 2008 despite a jury's finding to the contrary, a federal appeals court ruled Monday.
JPM: 63.97 (-0.13), BAC: 14.49 (-0.19)
Economic Growth Outlook Subpar Again as 2016 Progresses
PR Newswire - Tue May 17, 8:00AM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group lowered their full-year economic growth forecast to 1.7 percent, down from 1.9 percent growth in the prior forecast and 2.2 percent at the start of the year. The downgrade is due largely to disappointing first quarter growth of 0.5 percent. The ESR Group expects economic growth to bounce back as we move through 2016 amid improved financial conditions, with consumer spending remaining an engine for growth and the housing and government sectors making positive contributions. However, it will not be sufficient enough to overcome the damage done during the first quarter of the year.
Fannie Mae Prices $897.7 Million Multifamily DUS REMIC (FNA 2016-M5) Under Its GeMS(TM) Program
PR Newswire - Fri May 13, 8:32AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its fifth Multifamily DUS® REMIC in 2016 totaling $897.7 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on May 11, 2016.
Home Purchase Sentiment Index Increases to 83.7 in April
PR Newswire - Mon May 09, 7:30AM CDT
Fannie Mae's Home Purchase Sentiment Index(TM) (HPSI) increased 3.5 points to 83.7 in April, bouncing back from an 18-month low in March, yet overall consumer housing sentiment has remained generally flat. The HPSI Good Time to Sell component approached an all-time survey high in April, posting the largest increase among the six HPSI components. The net share of consumers who think now is a good time to sell a home rose 16 percentage points. However, the Good Time to Buy component dipped to an all-time survey low, creating the narrowest gap on record between these two measures. In addition, although the net share of consumers reporting confidence about not losing their job rose 6 percentage points, the net share of consumers reporting that their income was significantly higher than it was 12 months ago stayed flat from the prior month.
Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend
By MARCY GORDON - AP - Thu May 05, 8:35AM CDT
WASHINGTON (AP) — Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings.
Fannie Mae Reports Net Income of $1.1 Billion and Comprehensive Income of $936 Million for First Quarter 2016
PR Newswire - Thu May 05, 6:26AM CDT
Fannie Mae OTC Bulletin Board: FNMA today reported its first quarter 2016 results and filed its quarterly report on Form 10-Q for the quarter ended March 31, 2016 with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the first quarter of 2016. The following documents are now available on Fannie Mae's web site at www.fanniemae.com.
Freddie Mac posts $354M loss in 1Q; no dividend payment
By MARCY GORDON - AP - Tue May 03, 9:12AM CDT
WASHINGTON (AP) — Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly due to losses it sustained on the investments it uses to hedge against swings in interest rates.
Fannie Mae Releases March 2016 Monthly Summary
PR Newswire - Fri Apr 29, 3:02PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) March 2016 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, serious delinquency rates, and loan modifications.
Fannie Mae Prices $1.05 Billion Multifamily DUS REMIC (FNA 2016-M4) Under Its GeMS(TM) Program
PR Newswire - Mon Apr 18, 1:45PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its fourth Multifamily DUS® REMIC in 2016 totaling $1.05 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on April 12, 2016.
Economic Growth Outlook Remains Little Changed Despite First-Quarter Stall
PR Newswire - Fri Apr 15, 8:00AM CDT
Economic growth stalled during the first quarter of 2016 but the full-year outlook remains little changed at 1.9 percent, according to Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group's April 2016 Economic and Housing Outlook. Consumer and business spending and net exports came in below expectations, and trade, inventory, and business investment likely weighed heavily on GDP in the first quarter. However, the ESR Group does not view weakness in the first quarter as the start of deteriorating economic activity and expects slightly better growth in the second quarter buoyed by a pick-up in consumer spending that should continue over the rest of the year.
Fannie Mae Announces Scheduled Release of Second Quarter 2016 Financial Results
PR Newswire - Fri Jul 29, 2:56PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today announced plans to report its second quarter 2016 financial results on Thursday morning, August 4, 2016, before the opening of U.S. financial markets.
Fannie Mae Releases June 2016 Monthly Summary
PR Newswire - Thu Jul 28, 3:06PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) June 2016 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, serious delinquency rates, and loan modifications.
Fannie Mae Enhances HomeReady® Mortgage to Expand Access to Credit for Eligible Borrowers
PR Newswire - Tue Jul 26, 3:00PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) announced enhancements to HomeReady®, the affordable mortgage option designed to meet the diverse needs of today's borrowers. HomeReady allows borrowers to provide as little as 3 percent down, and was the first affordable lending option to offer creditworthy borrowers the ability to qualify with income from non-borrower household members. HomeReady continues to evolve with enhancements that expand access to credit responsibly and promote successful homeownership.
Fannie Mae Prices $913.6 Million Multifamily DUS REMIC (FNA 2016-M7) Under Its GeMS(TM) Program
PR Newswire - Fri Jul 15, 1:30PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its seventh Multifamily DUS® REMIC in 2016 totaling $913.6 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 12, 2016.
Economic Growth Outlook Holds Steady for 2016
PR Newswire - Mon Jun 20, 8:00AM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group's full-year economic growth forecast remains unchanged in June from the prior forecast of 1.7 percent. Recent data emphasize the uneven nature of the current economic expansion. Consumer spending and housing activity have picked up, but a slowing trend in hiring and business investment has increased downside risks to the forecast. Headwinds facing businesses include declining profits, weakening productivity, and rising labor costs.
Feds won't file fraud suit against Countrywide's Mozilo
AP - Fri Jun 17, 9:09PM CDT
LOS ANGELES (AP) — Federal prosecutors won't file a fraud lawsuit against former Countrywide Financial chief executive Angelo Mozilo over the sale of billions of dollars' worth of subprime loans before the mortgage meltdown, his attorney said Friday.
Fannie Mae Names Three Housing Finance Veterans to Board of Directors
PR Newswire - Thu Jun 09, 1:04PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) recently announced that Hugh R. Frater, Renee L. Glover, and Michael J. Heid have been elected to the Board of Directors. These three new Directors are recognized industry leaders with deep and diverse housing finance expertise. The new Directors join other similarly accomplished individuals on a Board of Directors that will help guide Fannie Mae in its drive to be America's most valued housing partner.
Wells Fargo (WFC) Launches Affordable Non-FHA Mortgages
Zacks Equity Research - Zacks Investment Research - Fri May 27, 7:25AM CDT
Wells Fargo & Company (WFC) launched a new affordable mortgage program that allows the customers to make a down payment of just 3% for fixed-rate mortgages.
BAC: 14.49 (-0.19), WFC: 47.97 (-0.16)
Fannie Mae Releases April 2016 Monthly Summary
PR Newswire - Thu May 26, 3:02PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) April 2016 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, serious delinquency rates, and loan modifications.
Business Highlights
By The Associated Press - AP - Mon May 23, 4:30PM CDT
___
VIA: 49.64 (-0.54), MON: 106.77 (+0.65), PFE: 36.89 (+0.22), BAC: 14.49 (-0.19), CBS.A: 55.00 (-3.12), BA: 133.66 (+0.65), VIAB: 45.47 (-0.50), CBS: 52.22 (-1.99)
Appeals court reverses fraud finding against Bank of America
By LARRY NEUMEISTER - AP - Mon May 23, 2:50PM CDT
NEW YORK (AP) — Bank of America Corp. was not liable for fraud and subject to a penalty of more than $1.2 billion for its actions before the economy collapsed in 2008 despite a jury's finding to the contrary, a federal appeals court ruled Monday.
JPM: 63.97 (-0.13), BAC: 14.49 (-0.19)
Economic Growth Outlook Subpar Again as 2016 Progresses
PR Newswire - Tue May 17, 8:00AM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group lowered their full-year economic growth forecast to 1.7 percent, down from 1.9 percent growth in the prior forecast and 2.2 percent at the start of the year. The downgrade is due largely to disappointing first quarter growth of 0.5 percent. The ESR Group expects economic growth to bounce back as we move through 2016 amid improved financial conditions, with consumer spending remaining an engine for growth and the housing and government sectors making positive contributions. However, it will not be sufficient enough to overcome the damage done during the first quarter of the year.
Fannie Mae Prices $897.7 Million Multifamily DUS REMIC (FNA 2016-M5) Under Its GeMS(TM) Program
PR Newswire - Fri May 13, 8:32AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its fifth Multifamily DUS® REMIC in 2016 totaling $897.7 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on May 11, 2016.
Home Purchase Sentiment Index Increases to 83.7 in April
PR Newswire - Mon May 09, 7:30AM CDT
Fannie Mae's Home Purchase Sentiment Index(TM) (HPSI) increased 3.5 points to 83.7 in April, bouncing back from an 18-month low in March, yet overall consumer housing sentiment has remained generally flat. The HPSI Good Time to Sell component approached an all-time survey high in April, posting the largest increase among the six HPSI components. The net share of consumers who think now is a good time to sell a home rose 16 percentage points. However, the Good Time to Buy component dipped to an all-time survey low, creating the narrowest gap on record between these two measures. In addition, although the net share of consumers reporting confidence about not losing their job rose 6 percentage points, the net share of consumers reporting that their income was significantly higher than it was 12 months ago stayed flat from the prior month.
Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend
By MARCY GORDON - AP - Thu May 05, 8:35AM CDT
WASHINGTON (AP) — Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings.
Fannie Mae Reports Net Income of $1.1 Billion and Comprehensive Income of $936 Million for First Quarter 2016
PR Newswire - Thu May 05, 6:26AM CDT
Fannie Mae OTC Bulletin Board: FNMA today reported its first quarter 2016 results and filed its quarterly report on Form 10-Q for the quarter ended March 31, 2016 with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the first quarter of 2016. The following documents are now available on Fannie Mae's web site at www.fanniemae.com.
Freddie Mac posts $354M loss in 1Q; no dividend payment
By MARCY GORDON - AP - Tue May 03, 9:12AM CDT
WASHINGTON (AP) — Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly due to losses it sustained on the investments it uses to hedge against swings in interest rates.
Fannie Mae Releases March 2016 Monthly Summary
PR Newswire - Fri Apr 29, 3:02PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) March 2016 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, serious delinquency rates, and loan modifications.
Fannie Mae Prices $1.05 Billion Multifamily DUS REMIC (FNA 2016-M4) Under Its GeMS(TM) Program
PR Newswire - Mon Apr 18, 1:45PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its fourth Multifamily DUS® REMIC in 2016 totaling $1.05 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on April 12, 2016.
Economic Growth Outlook Remains Little Changed Despite First-Quarter Stall
PR Newswire - Fri Apr 15, 8:00AM CDT
Economic growth stalled during the first quarter of 2016 but the full-year outlook remains little changed at 1.9 percent, according to Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group's April 2016 Economic and Housing Outlook. Consumer and business spending and net exports came in below expectations, and trade, inventory, and business investment likely weighed heavily on GDP in the first quarter. However, the ESR Group does not view weakness in the first quarter as the start of deteriorating economic activity and expects slightly better growth in the second quarter buoyed by a pick-up in consumer spending that should continue over the rest of the year.
