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Federal National Mortgage Association (FNMFO.PK)

FNMFO.PK on OTC Markets Group - US Other OTC and Grey Market

21,900.00USD
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$35,000.00
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$10,500.00

Latest Key Developments (Source: Significant Developments)

Wells Fargo acquires about $51 bln in mortgage servicing rights
Thursday, 7 Sep 2017 12:39pm EDT 

Sept 7 (Reuters) - Wells Fargo & Co ::Wells Fargo acquires approximately $51 billion in mortgage servicing rights.Additional financial details regarding transaction were not disclosed.Loans underlying MSRS are conventional/conforming loans guaranteed by Fannie Mae or Freddie Mac​.‍MSRS will be reflected in company's Q3 results​.Has acquired approximately $51 billion in mortgage servicing rights from Seneca Mortgage Investment​.  Full Article

Fannie Mae to provide additional assistance to homeowners impacted by Hurricane Harvey
Tuesday, 29 Aug 2017 12:57pm EDT 

Aug 29 (Reuters) - Fannie Mae::In relation to Hurricane Harvey, company to implement 90-day foreclosure sale suspension for borrowers with properties in FEMA-declared disaster area.  Full Article

Fitch says new GSE refi programs a modest plus for U.S. credit risk transfers
Wednesday, 23 Aug 2017 10:53am EDT 

Aug 23 (Reuters) - Fitch: :Fitch says new refinance programs announced by Fannie Mae and Freddie Mac should provide incremental support in event of future home price declines​.  Full Article

Fannie Mae reports Q2 net income of $3.2 bln
Thursday, 3 Aug 2017 07:39am EDT 

Aug 3 (Reuters) - Federal National Mortgage Association : :Fannie Mae reports net income of $3.2 billion and comprehensive income of $3.1 billion for second quarter 2017.Fannie Mae - Fannie Mae paid a $2.8 billion dividend to treasury in June 2017‍​.Fannie Mae - Through the second quarter of 2017, the company has paid $162.7 billion in dividends to treasury.Fannie Mae - Net interest income was $5.0 billion for the second quarter of 2017, compared with $5.3 billion for the first quarter of 2017‍​.Fannie Mae- Net revenues were $5.4 billion for the second quarter of 2017, compared with $5.6 billion for the first quarter of 2017‍​.Fannie Mae - Will pay U.S. Treasury dividend of $3.1 billion for Q3 of 2017 by September 30, if FHFA declares dividend in this amount before September 30.Fannie Mae - Single-family serious delinquency rate for Fannie Mae’S book of business,1.01% as of June 30, 2017.Fannie Mae- "Fannie Mae expects its single-family serious delinquency rate to continue to decline"‍​.  Full Article

Fitch says new GSE tools will improve U.S. mortgage underwriting
Friday, 7 Jul 2017 11:23am EDT 

July 7 (Reuters) - Fitch::Fitch says new methods of managing and verifying data are helping Fannie Mae and Freddie Mac change U.S. mortgage underwriting process.Fitch says ‍new approaches to appraisal valuation, income verification are improving GSE ability to assess credit risk, while reducing costs for sellers & borrowers.Fitch, on the new GSE tools, says ‍improvements are credit positive for credit risk sharing transactions issued by Fannie Mae and Freddie Mac ​.  Full Article

Fannie mae announces results of its third reperforming loan sale transaction
Tuesday, 13 Jun 2017 10:00am EDT 

June 13 (Reuters) - Federal National Mortgage Association :Fannie Mae announces results of its third reperforming loan sale transaction.Fannie Mae says deal, which was announced on may 10, included sale of about 13,500 loans totaling $2.99 billion in upb, divided into three pools.Fannie Mae - winning bidder of all Three pools for transaction, expected to close on July 21, 2017, is DLJ Mortgage Capital Inc..  Full Article

Fannie Mae announces third front-end credit insurance risk transfer transaction
Thursday, 25 May 2017 11:00am EDT 

May 25 (Reuters) - Federal National Mortgage Association :Fannie Mae announces third front-end credit insurance risk transfer transaction.Has secured commitments for a new front-end credit insurance risk transfer transaction.Loan pool is expected to be filled over course of nine months, beginning with Q2 2017 deliveries.Fannie Mae will retain risk for first 50 basis points of loss on an approximately $5.2 billion pool of loans.CIRT will provide protection for any credit losses not covered by underlying primary mortgage insurance.All loans covered by new transaction will already have primary mortgage insurance coverage.Transaction to shift part of credit risk on pools of single-family loans with combined upb of about $5.2 billion to a group of reinsurers.Fannie Mae will retain risk for first 50 basis points of loss on an approximately $5.2 billion pool of loans.  Full Article

Fannie Mae reports net income of $2.8 bln for Q1
Friday, 5 May 2017 07:32am EDT 

May 5 (Reuters) - Fannie Mae ::Fannie Mae reports net income of $2.8 billion and comprehensive income of $2.8 billion for first quarter 2017.Fannie Mae- expects to pay $2.8 billion in dividends to treasury in june 2017.Fannie Mae - qtrly net interest income $ 5,346 million versus $ 4,769 million.Fannie mae - qtrly comprehensive income of $2.78 billion versus $4.87 billion last quarter.Fannie Mae - company reported a positive net worth of $3.4 billion as of march 31, 2017.Qtrly net loss attributable to common stockholders was $6.0 million or $0.00 per share.Fannie Mae - single-family serious delinquency rate for fannie Mae’s book of business was 1.12 percent as of march 31, 2017.  Full Article

Fannie Mae says book of business increased at a compound annualized rate of 0.8 percent in Feb
Thursday, 30 Mar 2017 04:05pm EDT 

Federal National Mortgage Association : Fannie Mae - Book of business increased at a compound annualized rate of 0.8 percent in February. . Fannie Mae - Gross mortgage portfolio decreased at a compound annualized rate of 16.9 percent in February . Fannie Mae - Conventional single-family serious delinquency rate decreased one basis point to 1.19 percent in February .Fannie Mae - Multifamily serious delinquency rate remained flat at 0.05 percent in February.  Full Article

Moody's says potential Freddie, Fannie reforms likely to have wide-reaching implications
Monday, 20 Mar 2017 02:31pm EDT 

Moody's: Moody's: potential Freddie, Fannie reforms likely to have wide-reaching implications . Moody's on potential U.S. housing-finance reforms - reforms could also have broader implications for financial markets, affecting banks' capital and liquidity ratios .Moody's on potential U.S. housing-finance reforms - proposals whose impact would seem straightforward at high level, could have unintended consequences in practice.  Full Article

Fannie Mae to sell $750 million in bills on Wednesday

Fannie Mae , the largest U.S. home funding source, said on Wednesday it plans to sell $750 million of benchmark bills on Wednesday.