Federal National Mortgage Association (PK:FNMA)
Business Focus: Retail & Mortgage Banks
Mostly sunny as of May 01, 2024
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Insider Filings
Latest 10 SEC Form 4 filings for FNMA*US within the last 6 months
See all filings within the past 6 months
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Company News
May 23, 2024 13:00 ET
Fannie Mae Prices $708 Million Connecticut Avenue Securities (CAS) REMIC Deal
WASHINGTON, May 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R04, an approximately $708 million note offering that represents Fannie Mae's fourth 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 $2.9 billion of notes under the CAS program.
May 23, 2024 09:00 ET
Fannie Mae Announces Winner of Twenty-Fourth Community Impact Pool of Non-Performing Loans
WASHINGTON, May 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-fourth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on July 24, 2024, and includes 51 deeply delinquent loans totaling $14.3 million in unpaid principal balance (UPB). The loans are geographically focused in the New York area, and the winning bidder was GITSIT Solutions, LLC (Tourmalet). The pool was marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.
Valuation Ratios
Industry
Sector
Beta
1.53
--
--
Price to Sales - TTM
0.01
3.21
3.79
Price to Book - most recent quarter
--
0.97
1.34
Price to Cash Flow per share - TTM
--
13.01
12.64
Price to Free Cash Flow per share - TTM
0.12
7.48
15.81
Business Summary
| Sector: Financials | Industry: Banks |
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.
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