Fannie Mae (FNM)
XMUN 
Summary
FNM Chart
Fannie Mae (FNMA) Matches Q1 Earnings Estimates
Fannie Mae (FNMA) came out with quarterly earnings of $0.63 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.62 per share a year ago.
Bill Ackman's post sends FNMA stock soaring
Federal National Mortgage Association (FNMA) shares are soaring on Mar 30 after billionaire Bill Ackman dubbed the housing-finance giant “stupidly cheap” in a social media post. This high-profile endorsement triggered a huge wave of buying pressure, causing Fannie Mae and its sibling, Freddie Mac, to jump more than 30% on Monday morning.
Fannie Mae accepts first crypto-backed mortgage product
Fannie Mae will accept crypto-backed mortgages via a new product by Better Home and Finance and Coinbase. The borrower would take out two loans, the second to fund the down payment on the first.
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Fannie Mae Profile
| Financial Services Industry | Financials Sector | Peter Andrew Akwaboah CEO | XMUN Exchange | US3135861090 ISIN |
| US Country | 8,200 Employees | 14 Aug 2008 Last Dividend | 16 Jan 1996 Last Split | - IPO Date |
Overview
The Federal National Mortgage Association, commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) established in 1938 to enhance the flow of credit to the U.S. housing market by providing financing solutions for mortgages. Based in Washington, D.C., Fannie Mae serves a pivotal role in the nation's residential mortgage finance system by operating in two key segments: Single-Family and Multifamily. These segments enable the organization to support various mortgage market needs, ranging from individual homeownership to the development and maintenance of multifamily rental housing. Fannie Mae's services are designed to provide stability, liquidity, and affordability to the national housing market, demonstrating its foundational role in facilitating access to mortgage financing.
Products and Services
Fannie Mae offers a wide range of products and services tailored to meet the diverse needs of the mortgage market. These are categorized primarily into two segments:
- Single-Family Segment:
Fannie Mae's Single-Family segment focuses on securitizing and purchasing single-family mortgage loans, including both fixed-rate and adjustable-rate mortgages. This segment covers first-lien mortgage loans and mortgage-related securities backed by these loans. Special attention is given to loans insured by the Federal Housing Administration (FHA), those guaranteed by the Department of Veterans Affairs (VA), and loans under the Rural Housing Service (RHS) division of the U.S. Department of Agriculture. This segment also deals with manufactured housing mortgage loans and a variety of other mortgage-related securities, providing a broad spectrum of financing solutions aimed at fostering homeownership and supporting the U.S. housing market.
- Multifamily Segment:
In the Multifamily segment, Fannie Mae engages in the securitization of multifamily mortgage loans into Fannie Mae MBS, purchases multifamily mortgage loans, and offers credit enhancement for bonds issued by various housing finance authorities to support multifamily housing developments. This segment is also responsible for issuing structured MBS backed by Fannie Mae multifamily MBS, engaging in the buying and selling of multifamily agency mortgage-backed securities, and investing in multifamily projects that qualify for low-income housing tax credits. The focus here is on supporting the financing needs of multifamily rental housing, which is critical for meeting the demand for affordable rental options nationwide.
