Fannie Mae (FNMA)
OTCQB OTCQB Primary 
'Big Short' investor Michael Burry reveals 4 stock picks, including Lululemon and Fannie Mae
Michael Burry of "The Big Short" fame posted four stock picks on Wednesday. The investor and writer touted Lululemon, Molina Healthcare, Shift4 Payments, and Fannie Mae.
Fannie Mae Preferred Nears Key Deadline
Fannie Mae junior preferred stocks FNMAS and FNMAT offer notable liquidity and appreciation potential amid speculation about a conservatorship release. FNMAS can only be called once every five years, and the deadline for announcing it is December 1, 2025, providing the possibility of above-market dividends if payments resume. FNMAT is fixed rate, while FNMAS is floating rate, but both would pay above-market rates.
Fannie Mae Watchdogs Probed How Pulte Obtained Mortgage Records of Key Democrats
FHFA's acting inspector general handed probe report to U.S. attorney office that had indicted New York Attorney General Letitia James
US-backed mortgage giant Fannie Mae cuts more than 62 jobs across departments
U.S. government-sponsored mortgage enterprise Fannie Mae has cut more than 62 jobs across departments, including Information Technology, and Diversity, Equity and Inclusion, Federal Housing Finance Agency Director William Pulte said on Thursday.
Trump Administration Fires Fannie Mae Ethics Officials
The dismissals come after the chief ethics officer was recently pushed out, according to people familiar with the matter.
Fannie Mae Logs Lower Quarterly Profit, Revenue
Fannie Mae's net income and revenue fell in its latest quarter from a year earlier, reflecting adverse conditions in the housing market that it helps to keep in motion.
Fannie Mae Common And Preferreds: The Home Stretch
Federal National Mortgage Association is nearing release from conservatorship, unlocking value for common shares and preferreds FNMAS and FNMAT; all rated Buy. FNMA's book value exceeds $100B, trades at a discount, and offers attractive risk-reward under $10 despite potential dilution from government warrants. Preferreds FNMAS and FNMAT offer potential high yields, trade at large discounts to par, and provide better downside protection versus common shares.
Fannie Mae And The Price Of Scarcity: Valuing A Unique Business
Fannie Mae is poised for a historic IPO, with valuations estimated between $210B and $420B depending on market sentiment and deal structure. A small IPO float (3–6%) is expected, driving scarcity premiums and likely oversubscription, with institutional and retail investors targeted for long-term ownership. Valuation scenarios use normalized earnings and tangible book, referencing pre-conservatorship multiples; base case values FNMA near $300B, or high-$40s per share.
4 Scenarios For Fannie Mae And Its Preferreds
Fannie Mae faces a pivotal year as a potential IPO looms, with key implications for both common and junior preferred shareholders. Investment outcomes hinge on the IPO price, government treatment of senior preferreds, and whether junior preferreds gain conversion rights or dividend reinstatement. Four scenarios are offered. High-coupon preferreds like FNMAS and FNMAT offer significant upside in most of them, while FNMA common has both the most potential upside and risk.
Chart Of The Day: The Phoenix Known As Fannie Mae
The MoneyShow Chart of the Day shows what happened to Fannie Mae (FNMA) in the last 12 months. The stock saw a 796% gain in the period. The Trump Administration is seriously considering selling a large chunk of its holdings in the firm - anywhere from 5% to 15%.
Fannie Mae Series S And T Preferreds Are Still Buys
Fannie Mae Series S and T preferreds offer compelling value due to deep discounts to par and double-digit yields, with less risk than common shares. The investment thesis remains intact: ending conservatorship would unlock value for preferreds, as they avoid dilution risk faced by common shareholders. Recent price movements reflect the lower risk profile of preferreds, not just market sentiment; government signals remain mixed but do not undermine the thesis.
Federal National Mortgage Association (FNMA) Q2 2025 Earnings Call Transcript
Federal National Mortgage Association (OTCQB:FNMA) Q2 2025 Earnings Conference Call July 30, 2025 8:00 AM ET Company Participants Chryssa C. Halley - Executive VP & CFO Priscilla Almodovar - President, CEO & Director Terence O'Hara - Corporate Participant Operator Good day, and welcome to the Fannie Mae Second Quarter 2025 Financial Results Webcast.
