Fannie Mae (FNMA) 1.6800 $FNMA
Economic Growth on the Upswing, With a Few Emerging Soft Spots
PR Newswire - Mon Sep 19, 8:00AM CDT
Economic growth is poised to accelerate to 2.6 percent in the second half of the year, a rebound from the lackluster growth of 1.0 percent in the first half of 2016, according to Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group's September 2016 Economic and Housing Outlook. The ESR Group's full-year 2016 forecast remains at 1.8 percent, consistent with their prior forecast. Consumer and government spending are expected to drive growth despite a cooldown in consumer activity so far in the third quarter. At the same time, inventory investment and net exports are likely to drag on growth and nonresidential and residential investment are expected to be neutral for the year.
Fannie Mae Names Accomplished Risk Executive Ryan A. Zanin to the Board of Directors
PR Newswire - Fri Sep 16, 1:12PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today announced that Ryan A. Zanin has been elected to the Board of Directors. He has been appointed to the Risk Policy and Capital Committee and the Strategic Initiatives and Technology Committee. Mr. Zanin joins an experienced and diversely skilled Board that will help guide Fannie Mae as it fulfills its mission to provide access to safe, affordable mortgage financing in the United States.
Fannie Mae Prices $1.15 Billion Multifamily DUS REMIC (FNA 2016-M9) Under Its GeMS(TM) Program
PR Newswire - Tue Sep 13, 1:00PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its eighth Multifamily DUS® REMIC in 2016 totaling $1.15 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on September 8, 2016.
Fannie Mae Exceeds $1.2 Billion in Green Multifamily Investments and Announces Enhancements to Its Green Rewards Product
PR Newswire - Thu Sep 08, 9:00AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today announced enhancements to its Green Rewards product that eliminate the cost of a required energy and water audit report and increase loan proceeds to borrowers by enabling lenders to underwrite 75 percent of the owners' projected cost savings. These enhancements come on the heels of a product that already provides better pricing for borrowers.
Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale
PR Newswire - Tue Sep 06, 12:00PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today announced the winning bidders for its seventh non-performing loan sale. The sale included approximately 6,800 loans totaling $1.06 billion in unpaid principal balance (UPB), divided among four pools. The winning bidders for the transaction, expected to close on October 25, 2016, are MTGLQ Investors, L.P. (Goldman Sachs) for the first pool, PRMF Acquisition LLC (Neuberger Berman) for the second pool, LSF9 Mortgage Holdings LLC (Lone Star) for the third pool, and MFA Financial, Inc. (MFA) for the fourth pool.
Fannie Mae Reminds Homeowners and Servicers of Mortgage Assistance Options for Areas Affected by the Hurricane in Southern Atlantic Coastal States
PR Newswire - Tue Sep 06, 10:10AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) is reminding those affected by the hurricane in southern Atlantic coastal states of the options available for mortgage assistance. Under Fannie Mae's guidelines for single-family mortgages, servicers have the ability to grant an initial period of forbearance to any borrower they believe has been affected by this natural disaster. Additional forbearance is available with approval from Fannie Mae. In addition, Fannie Mae guidelines authorize servicers to delay foreclosure sales and other legal proceedings in these areas.
Fannie Mae Connecticut Avenue Securities Receives Additional Fitch Ratings
PR Newswire - Tue Aug 30, 10:45AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) has sought and received additional ratings for a number of previously unrated Connecticut Avenue Securities(TM) (CAS) notes as part of an ongoing effort to bring increased transparency and liquidity to these securities. With these new credit ratings, these CAS notes are eligible to be purchased in the secondary market by funds that require a rating for investment and the notes are now likely to receive more favorable financing terms, further enhancing their liquidity.
Fannie Mae Releases July 2016 Monthly Summary
PR Newswire - Mon Aug 29, 3:03PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) July 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 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: 66.19 (+0.37), BAC: 15.59 (+0.10)
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.
Economic Growth on the Upswing, With a Few Emerging Soft Spots
PR Newswire - Mon Sep 19, 8:00AM CDT
Economic growth is poised to accelerate to 2.6 percent in the second half of the year, a rebound from the lackluster growth of 1.0 percent in the first half of 2016, according to Fannie Mae's (OTC Bulletin Board: FNMA) Economic & Strategic Research (ESR) Group's September 2016 Economic and Housing Outlook. The ESR Group's full-year 2016 forecast remains at 1.8 percent, consistent with their prior forecast. Consumer and government spending are expected to drive growth despite a cooldown in consumer activity so far in the third quarter. At the same time, inventory investment and net exports are likely to drag on growth and nonresidential and residential investment are expected to be neutral for the year.
Fannie Mae Names Accomplished Risk Executive Ryan A. Zanin to the Board of Directors
PR Newswire - Fri Sep 16, 1:12PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today announced that Ryan A. Zanin has been elected to the Board of Directors. He has been appointed to the Risk Policy and Capital Committee and the Strategic Initiatives and Technology Committee. Mr. Zanin joins an experienced and diversely skilled Board that will help guide Fannie Mae as it fulfills its mission to provide access to safe, affordable mortgage financing in the United States.
Fannie Mae Prices $1.15 Billion Multifamily DUS REMIC (FNA 2016-M9) Under Its GeMS(TM) Program
PR Newswire - Tue Sep 13, 1:00PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) priced its eighth Multifamily DUS® REMIC in 2016 totaling $1.15 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on September 8, 2016.
Fannie Mae Exceeds $1.2 Billion in Green Multifamily Investments and Announces Enhancements to Its Green Rewards Product
PR Newswire - Thu Sep 08, 9:00AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today announced enhancements to its Green Rewards product that eliminate the cost of a required energy and water audit report and increase loan proceeds to borrowers by enabling lenders to underwrite 75 percent of the owners' projected cost savings. These enhancements come on the heels of a product that already provides better pricing for borrowers.
Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale
PR Newswire - Tue Sep 06, 12:00PM CDT
Fannie Mae (OTC Bulletin Board: FNMA) today announced the winning bidders for its seventh non-performing loan sale. The sale included approximately 6,800 loans totaling $1.06 billion in unpaid principal balance (UPB), divided among four pools. The winning bidders for the transaction, expected to close on October 25, 2016, are MTGLQ Investors, L.P. (Goldman Sachs) for the first pool, PRMF Acquisition LLC (Neuberger Berman) for the second pool, LSF9 Mortgage Holdings LLC (Lone Star) for the third pool, and MFA Financial, Inc. (MFA) for the fourth pool.
Fannie Mae Reminds Homeowners and Servicers of Mortgage Assistance Options for Areas Affected by the Hurricane in Southern Atlantic Coastal States
PR Newswire - Tue Sep 06, 10:10AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) is reminding those affected by the hurricane in southern Atlantic coastal states of the options available for mortgage assistance. Under Fannie Mae's guidelines for single-family mortgages, servicers have the ability to grant an initial period of forbearance to any borrower they believe has been affected by this natural disaster. Additional forbearance is available with approval from Fannie Mae. In addition, Fannie Mae guidelines authorize servicers to delay foreclosure sales and other legal proceedings in these areas.
Fannie Mae Connecticut Avenue Securities Receives Additional Fitch Ratings
PR Newswire - Tue Aug 30, 10:45AM CDT
Fannie Mae (OTC Bulletin Board: FNMA) has sought and received additional ratings for a number of previously unrated Connecticut Avenue Securities(TM) (CAS) notes as part of an ongoing effort to bring increased transparency and liquidity to these securities. With these new credit ratings, these CAS notes are eligible to be purchased in the secondary market by funds that require a rating for investment and the notes are now likely to receive more favorable financing terms, further enhancing their liquidity.
Fannie Mae Releases July 2016 Monthly Summary
PR Newswire - Mon Aug 29, 3:03PM CDT
Fannie Mae's (OTC Bulletin Board: FNMA) July 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 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: 66.19 (+0.37), BAC: 15.59 (+0.10)
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.
