NASDAQ: FNMA
Fannie Mae (Federal National Mortgage Association) is a U.S. government-sponsored enterprise currently operating under conservatorship of the Federal Housing Finance Agency (FHFA). The company provides liquidity to the U.S. residential mortgage market by purchasing and securitizing mortgage loans originated by lenders, thereby enabling those lenders to make additional mortgage loans. Fannie Mae operates through two business segments: Single-Family and Multifamily. The Single-Family segment manages a $3.56 trillion conventional guaranty book of business, representing approximately 24% of U.S. single-family mortgage debt outstanding. The Multifamily segment manages a $545 billion guaranty book focused on rental housing finance, representing approximately 21% of U.S. multifamily mortgage debt outstanding. The company's primary revenue source is guaranty fees charged for assuming credit risk on the mortgage loans it securitizes. Fannie Mae also maintains retained mortgage and corporate liquidity portfolios, and utilizes credit risk transfer programs including Connecticut Avenue Securities (CAS) and Credit Insurance Risk Transfer (CIRT) transactions to distribute credit risk to private investors. The company has a senior preferred stock obligation of approximately $120.8 billion to the U.S. Treasury and operates with a significant capital deficit relative to its regulatory capital requirements under the enterprise regulatory capital framework. Updated
One Number: $500 Billion Bill Ackman believes releasing Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) from government control could unlock $500 billion in value. He gave the estimate at Pershing Square’s November…
Bill Ackman went on live television to demand freedom for Fannie Mae and Freddie Mac while holding over 200 million shares of the two companies, and the conflict at the center of…
Michael Burry dumped his Fannie and Freddie common shares before a court victory sent them surging, and his reason for switching to preferred stock reveals exactly why that bounce may flatter common…
Bill Ackman once torched $400 million exiting Netflix, then swore off the stock entirely. Now he's building a new position while his fund trails the market badly, and his reasoning this time…
Pre-Market Stock Futures: Futures are trading lower as we start off the new week, as oil surges higher amid reports that a U.S. warship was turned back in the Strait of Hormuz,…
Billionaire investor Bill Ackman is known for building concentrated positions when he sees asymmetric upside, and several of Pershing Square’s top holdings reveal where he has the highest conviction today. The hedge…
The U.S. Supreme Court has ruled against a group of hedge funds seeking a distribution from some $100 billion in the profits of government-sponsored enterprises Fannie Mae and Freddie Mac.
A coming change to rules governing the percentage of mortgages Fannie Mae and Freddie Mac can buy for loans on second homes could cripple the vacation home market.
Treasury Secretary Steven Mnuchin has thrown cold water on plans to move ahead with privatizing mortgage giants Fannie Mae and Freddie Mac before the Biden administration takes office.
New talks about taking mortgage giants Fannie Mae and Freddie Mac private have driven share prices up sharply. Is something really going to happen?
Wednesday's top analyst upgrades and downgrades included AGCO, Coca-Cola, Fannie Mae, FirstEnergy, JPMorgan, Macy's, Owens & Minor, PayPal, Snap, Square and Wells Fargo.
A new research report maintains Buy ratings on shares of Fannie Mae and Freddie Mac even as the U.S. Supreme Court has agreed to rule on a claim by current shareholders that…
The Supreme Court has agreed to hear a case brought by investors in Fannie Mae and Freddie Mac who claim the federal government has wrongfully kept the two agencies' profits since they…
A U.S. Supreme Court ruling Monday gives the president the authority to fire the director of the Consumer Financial Protection Bureau at will. That authority also like extends to the director of…
Investors are worried that pressure on the balance sheet of Fannie Mae and delay its exit from conservatorship. Yet, some optimists think its shares are underpriced and have plenty of long-term upside.
Fannie Mae (Federal National Mortgage Association) is a U.S. government-sponsored enterprise currently operating under conservatorship of the Federal Housing Finance Agency (FHFA).
