Fannie Mae (FNMA) 1.9035 $FNMA
Fannie Mae and Freddie Mac Publish Redesigned Uniform Residential Loan Application Form and Dataset
PR Newswire - Tue Aug 23, 8:01AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) and Freddie Mac today announced the publication of the redesigned Uniform Residential Loan Application (URLA), the standardized form used by borrowers to apply for a mortgage loan. This is the first substantial revision made to the form in more than 20 years and the changes will allow lenders to deliver an easier, more consumer-friendly loan application experience. The redesigned URLA form includes a reorganized layout, simplified terminology, and new data fields that capture necessary information in an easy-to-read format. Additionally, the GSEs worked together to create a common corresponding dataset, called the Uniform Loan Application Dataset (ULAD) to ensure consistency of data delivery.
Smart Lighting Technology Emerging as Leading Segment of Multi Billion Dollar Clean Useable Energy Industry
PR Newswire - Tue Aug 16, 8:00AM CDT
The demand for energy-efficient solutions and products that included LED technology has received significant attention recently from companies, utilities and consumers looking to reduce their energy consumption use. As clean energy continues to trend upward in the United States and across the rest of the world, both federal and private investments fuel the sector's significant growth with enhanced research and development and latest innovations.
5 tips to bounce back after a foreclosure or short sale
By DEBORAH KEARNS - AP - Thu Aug 11, 10:39AM CDT
Philip and Denise Powell lost their home in 2011 after Philip's hours as a pastor were cut in half and Denise was sidelined by a surgery. But they were determined to become homeowners again, so they rolled up their sleeves and got to work.
Prosecutors ask appeals panel to rehear Bank of America case
By LARRY NEUMEISTER - AP - Fri Aug 05, 3:02PM CDT
NEW YORK (AP) — A federal appeals panel should reconsider its reversal of a fraud verdict against Bank of America Corp. and $1.2 billion penalty resulting from the bank's actions during the 2008 financial crisis, prosecutors say.
JPM: 65.94 (+0.17), BAC: 15.42 (+0.07)
Business Highlights
By The Associated Press - AP - Thu Aug 04, 4:22PM CDT
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Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend
By MARCY GORDON - AP - Thu Aug 04, 8:13AM CDT
WASHINGTON (AP) — Fannie Mae reported net income of $2.9 billion from April through June, down from a year earlier as low interest rates brought losses for the mortgage giant on its investments.
Fannie Mae Reports Net Income of $2.9 Billion and Comprehensive Income of $2.9 Billion for Second Quarter 2016
PR Newswire - Thu Aug 04, 6:31AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today reported its second quarter 2016 results and filed its quarterly report on Form 10-Q for the quarter ended June 30, 2016 with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the second quarter of 2016. The following documents are now available on Fannie Mae's web site at www.fanniemae.com.
Freddie Mac posts $993M profit in 2Q; paying $933M dividend
By MARCY GORDON - AP - Tue Aug 02, 9:43AM CDT
WASHINGTON (AP) — Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015.
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.
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: 15.42 (+0.07), WFC: 48.41 (unch)
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.
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: 65.94 (+0.17), BAC: 15.42 (+0.07)
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 and Freddie Mac Publish Redesigned Uniform Residential Loan Application Form and Dataset
PR Newswire - Tue Aug 23, 8:01AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) and Freddie Mac today announced the publication of the redesigned Uniform Residential Loan Application (URLA), the standardized form used by borrowers to apply for a mortgage loan. This is the first substantial revision made to the form in more than 20 years and the changes will allow lenders to deliver an easier, more consumer-friendly loan application experience. The redesigned URLA form includes a reorganized layout, simplified terminology, and new data fields that capture necessary information in an easy-to-read format. Additionally, the GSEs worked together to create a common corresponding dataset, called the Uniform Loan Application Dataset (ULAD) to ensure consistency of data delivery.
Smart Lighting Technology Emerging as Leading Segment of Multi Billion Dollar Clean Useable Energy Industry
PR Newswire - Tue Aug 16, 8:00AM CDT
The demand for energy-efficient solutions and products that included LED technology has received significant attention recently from companies, utilities and consumers looking to reduce their energy consumption use. As clean energy continues to trend upward in the United States and across the rest of the world, both federal and private investments fuel the sector's significant growth with enhanced research and development and latest innovations.
5 tips to bounce back after a foreclosure or short sale
By DEBORAH KEARNS - AP - Thu Aug 11, 10:39AM CDT
Philip and Denise Powell lost their home in 2011 after Philip's hours as a pastor were cut in half and Denise was sidelined by a surgery. But they were determined to become homeowners again, so they rolled up their sleeves and got to work.
Prosecutors ask appeals panel to rehear Bank of America case
By LARRY NEUMEISTER - AP - Fri Aug 05, 3:02PM CDT
NEW YORK (AP) — A federal appeals panel should reconsider its reversal of a fraud verdict against Bank of America Corp. and $1.2 billion penalty resulting from the bank's actions during the 2008 financial crisis, prosecutors say.
JPM: 65.94 (+0.17), BAC: 15.42 (+0.07)
Business Highlights
By The Associated Press - AP - Thu Aug 04, 4:22PM CDT
___
Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend
By MARCY GORDON - AP - Thu Aug 04, 8:13AM CDT
WASHINGTON (AP) — Fannie Mae reported net income of $2.9 billion from April through June, down from a year earlier as low interest rates brought losses for the mortgage giant on its investments.
Fannie Mae Reports Net Income of $2.9 Billion and Comprehensive Income of $2.9 Billion for Second Quarter 2016
PR Newswire - Thu Aug 04, 6:31AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today reported its second quarter 2016 results and filed its quarterly report on Form 10-Q for the quarter ended June 30, 2016 with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the second quarter of 2016. The following documents are now available on Fannie Mae's web site at www.fanniemae.com.
Freddie Mac posts $993M profit in 2Q; paying $933M dividend
By MARCY GORDON - AP - Tue Aug 02, 9:43AM CDT
WASHINGTON (AP) — Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015.
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.
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: 15.42 (+0.07), WFC: 48.41 (unch)
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.
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: 65.94 (+0.17), BAC: 15.42 (+0.07)
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.
