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Federal National Mortgage Association (FNMFO.PK)

FNMFO.PK on OTC Markets Group

1,000.00USD
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Fannie Mae's Book Of Business Increased At A Compound Annualized Rate Of 1.6 Percent In October‍​
Thursday, 30 Nov 2017 04:01pm EST 

Nov 30 (Reuters) - Federal National Mortgage Association ::FANNIE MAE - FANNIE MAE'S BOOK OF BUSINESS INCREASED AT A COMPOUND ANNUALIZED RATE OF 1.6 PERCENT IN OCTOBER‍​.FANNIE MAE - FANNIE MAE COMPLETED 7,293 LOAN MODIFICATIONS IN OCTOBER.FANNIE MAE - THE CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE REMAINED FLAT IN OCTOBER.FANNIE MAE - THE MULTIFAMILY SERIOUS DELINQUENCY RATE INCREASED TWO BASIS POINTS TO 0.05 PERCENT IN OCT.FANNIE MAE - THE CONVENTIONAL SINGLE-FAMILY SERIOUS DELINQUENCY RATE REMAINED FLAT IN OCTOBER.  Full Article

Fannie Mae posts net income of $3.0 bln in Q3
Thursday, 2 Nov 2017 07:36am EDT 

Nov 2 (Reuters) - Federal National Mortgage Association :Fannie Mae reports net income of $3.0 billion and comprehensive income of $3.0 billion for third quarter 2017.Fannie Mae paid a $3.1 billion dividend to treasury in september 2017‍​.Net revenues were $6.5 billion for q3, compared with $5.4 billion for Q2.Net interest income was $5.3 billion for q3, compared with $5.0 billion for q2.Qtrly net income reflects increase in credit-related expense, principally due to impact of hurricane-related provision for credit losses‍​.Reported a positive net worth of $3.6 billion as of September 30, 2017‍​.Company will pay treasury a $3.0 billion dividend in December 2017‍​.Net fair value losses were $289 million in the third quarter of 2017, compared with $691 million in the second quarter of 2017‍​.Hurricanes Harvey, Irma, and Maria contributed about $1.0 billion (pre-tax) to provision for credit losses in Q3.  Full Article

Fannie Mae's book of business increased at a compound annualized rate of 2.7 pct in Sept‍​
Tuesday, 31 Oct 2017 04:01pm EDT 

Oct 31 (Reuters) - Federal National Mortgage Association :Fannie Mae - Fannie Mae's book of business increased at a compound annualized rate of 2.7 percent in September‍​.Fannie Mae - the conventional single-family serious delinquency rate increased two basis points to 1.01 percent in September‍​.Fannie Mae - the multifamily serious delinquency rate decreased one basis point to 0.03 percent in September‍​.Fannie Mae - Fannie Mae completed 6,003 loan modifications in September‍​.  Full Article

Walker & Dunlop locks $116 Million Fannie Mae green rewards loan rate in record time
Wednesday, 11 Oct 2017 04:25pm EDT 

Oct 11 (Reuters) - Federal National Mortgage Association ::Walker & Dunlop Inc - ‍rate locked a $116 million Fannie Mae green rewards loan on a shortened trading day​.Walker & Dunlop Inc - ‍debt was provided to refinance heights luxury apartments, a class A multifamily property in Los Angeles, California​.  Full Article

FANNIE MAE ANNOUNCES FIFTH SALE OF REPERFORMING LOANS
Wednesday, 11 Oct 2017 10:30am EDT 

Oct 11 (Reuters) - Federal National Mortgage Association ::FANNIE MAE ANNOUNCES FIFTH SALE OF REPERFORMING LOANS.‍SALE CONSISTS OF APPROXIMATELY 9,900 LOANS, HAVING AN UNPAID PRINCIPAL BALANCE OF APPROXIMATELY $2.2 BILLION​.‍BEGAN MARKETING ITS FIFTH SALE OF REPERFORMING LOANS IN AN EFFORT TO REDUCE SIZE OF RETAINED MORTGAGE PORTFOLIO​.  Full Article

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

BRIEF-Fannie Mae Prices $800.5 Mln Multifamily Dus Remic (FNA 2018-M1) Under Its Gems Program

* FANNIE MAE PRICES $800.5 MILLION MULTIFAMILY DUS REMIC (FNA 2018-M1) UNDER ITS GEMS PROGRAM Source text for Eikon: Further company coverage: