Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Midtown Center, 1100 15Th St, Nw WASHINGTON DC 20005 |
Tel: | N/A |
Website: | https://www.fanniemae.com |
IR: | See website |
Key People | ||
Priscilla Almodovar President, Chief Executive Officer, Director | Chryssa C. Halley Chief Financial Officer, Executive Vice President | Peter Akwaboah Chief Operating Officer, Executive Vice President |
Stergios Theologides Executive Vice President, Chief Administrative Officer | Anthony Moon Executive Vice President, Chief Risk Officer | H. Malloy Evans Executive Vice President - Single-Family |
Michele M. Evans Executive Vice President - Multifamily | Danielle Mccoy General Counsel, Company Secretary |
Business Overview |
Federal National Mortgage Association is engaged in providing a source of financing for residential mortgages in the United States. The Company is a government-sponsored, stockholder-owned corporation, chartered by Congress to provide liquidity and stability to the United States housing market. Its segments include Single-Family and Multifamily. The Single-Family business operates in the secondary mortgage market relating to loans secured by properties containing four or fewer residential dwelling units. The Multifamily business operates in the secondary mortgage market relating to loans secured by properties containing five or more residential units. It engages in three categories of mortgage securitization transactions: lender swap transactions, portfolio securitization transactions, and structured securitization transactions. It funds its business through the issuance of short-term and long-term debt securities in the domestic and international capital markets. |
Financial Overview |
For the three months ended 31 March 2024, Federal National Mortgage Association revenues increased 9% to $36.68B. Net loss applicable to common stockholders totaled $4M vs. income of $0K. Revenues reflect Single Family segment increase of 4% to $5.93B, Net Interest Margin, Total -% increase of 3% to 0.65%. Net loss reflects Credit enhancement expense increase of 23% to $419M (expense). |