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Fannie Mae Delinquencies: August Still At Distressed LevelsSold At The Top • Tue, Oct 11, 2011 -
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Fannie Mae, Q1 2008 Earnings Call TranscriptTue, May 6, 2008 • 2 Comments
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Fannie Mae Q4 2006 Earnings Call TranscriptThu, Aug 16, 2007
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FNMA.OB vs. ETF Alternatives
Company Description
Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. Our charter does not permit us to originate loans and lend... More
Country: United States
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, May 15, 9:36 AM Don't look now but the hedgies are betting on Fannie FNMA.OB +6.6% and Freddie FMCC.OB +7%. WSJ says Paulson & Co. and Perry Capital (among others) are buying preferred shares on the off-chance Washington has a change of heart and decides to recapitalize the companies and sell taxpayers' stake on the open market. With the White House overwhelmingly in favor of winding down the two entities, anyone betting on profiting from a potential recap is "placing a political bet … that faces unimaginably long odds," former White House adviser Jim Parrott tells the Journal. 8 Comments [Financials]
- Thursday, May 9, 8:02 AM Fannie Mae (FNMA.OB) pre-tax Q1 income of $8.1B, its largest ever and against $7.6B in Q4, $2.7B a year ago. The company will pay Treasury $59.4B in Q2 after releasing its deferred tax asset to the tune of $50.6B. The release comes about as the company's accountants are convinced Fannie will remain profitable for the foreseeable future. Is Congress really going to shut this machine down? (PR) 4 Comments [Earnings, Financials]
- Wednesday, May 1, 7:34 AM Congressman Mel Watt of North Carolina looks to be the President's choice to replace Ed DeMarco as head of the FHFA. Getting rid of DeMarco has been a popular idea among many in the Administration as he has consistently blocked plans to implement some sort of principal forgiveness program for underwater homeowners. 9 Comments [Financials, U.S. Economy]
- Tuesday, April 30, 8:49 AM Having loaded up on the preferred stock of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), high-powered investors commence a lobbying blitz to force Congress to abandon liquidation plans and privatize the firms. Sen. Bob Corker calls ownership of the two a "lottery ticket ... I don't give investment advice, but I don't see how these are going to be worth anything down the road." 5 Comments [Financials]
- Friday, April 19, 4:53 PM President Obama is close to naming a replacement for acting FHFA Director Edward DeMarco, who has served in the post since 2009. The administrations has been vetting a short list of candidates including Mel Watt, a Democratic congressman from North Carolina, and Mark Zandi, chief economist at Moody’s, among others. Although there's no leading candidate, a nomination could come as soon as background checks are complete. Comment! [U.S. Economy]
- Monday, April 15, 9:25 AM Mark Zandi is floated as a leading candidate to replace Ed DeMarco at the FHFA, his main attribute apparently being the relative ease with which he could be confirmed. Given Zandi's poor track record on forecasting the economy in general and housing specifically, a job overseeing Fannie and Freddie would seem a curious choice. Strike that. In D.C., it makes perfect sense. 1 Comment [U.S. Economy]
- Monday, April 8, 7:56 AM The preferred stock of Fannie Mae and Freddie Mac is among the hotter issues of the year after doubling thanks to improved results at the firms. The question before the house is whether the government will allow the finance firms to return to private ownership without zeroing out existing investors. As for the common - FNMA.OB and FMCC.OB - "Total casino," says KBW's Bose George. 5 Comments [Financials]
- Tuesday, April 2, 8:51 AM Fannie Mae (FNMA.OB) reports Q4 net income of $7.6B, bringing full year income to $17.2B - the largest amount in company history. Higher home prices, declining delinquencies, and the settlement with BofA all contributed. The nice result allowed Fannie to cut $11.6B in checks to the Treasury in 2012, bringing total dividend payments to $31.4B against a draw of $116.1B. 2 Comments [Financials]
- Thursday, March 21, 11:11 AM From John Hempton's lips to the market's ears. The "just insane" bidding up of the almost certainly worthless common stock of Fannie and Freddie (FNMA.OB, FMCC.PB) savagely reverses, with both falling more than 50% within minutes. 3 Comments [Financials, On the Move]
- Thursday, March 21, 10:11 AM Fannie Mae (FNMA.OB +31.5%) and Freddie Mac (FMCC.OB +26.9%) continue a torrid run, now closing in on quadrupling this week. Buy the stocks for a trade, but the idea there is any value at all in the common when it's likely the preferred may even be worthless is "just insane," says John Hempton (an owner of the preferred). 7 Comments [Financials, On the Move]
- Wednesday, March 20, 4:07 AM Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) could repay the Treasury for their 2008 bailout sooner than initially planned, due to a change in the terms of the rescue, the FHFA says. Previously, the firms had to pay a 10% quarterly dividend even if they lost money, and would even borrow money from the Treasury to do so; now they pay a dividend only if they make a profit. The FHFA's prediction follows news that Fannie could repay up to $61.5B due to an accounting change. 2 Comments [Financials]
- Wednesday, March 20, 3:56 AM Freddie Mac (FMCC.OB) has sued Bank of America (BAC) JPMorgan (JPM), Citigroup (C) and 12 other major banks for losses caused by the manipulation of the Libor rate. Freddie, which invested in mortgage bonds and swaps tied to U.S. dollar Libor, is seeking a whole gamut of damages for what it sees as fraud, antitrust violations and breach of contract. The FHFA has already calculated that Freddie and Fannie Mae lost $3B in total because of the Libor manipulation. 11 Comments [Financials]
- Tuesday, March 19, 4:28 AM Fannie Mae (FNMA.OB) is working on an accounting change that could allow it to repay up to $61.5B of the $88B that it owes to the Treasury. Under the change, Fannie would reclaim tax benefits that were written down after the government took it over in 2008. The return of billions of dollars to the government "could have important repercussions for reform and other housing-finance discussions," says analyst Jim Vogel. 7 Comments
- Monday, March 4, 6:27 PM The FHA says it is working on a plan to merge some of the operations of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) in a new venture, separate from the two firms, which would operate a secondary mortgage market infrastructure to be used by Fannie and Freddie. The new firm could either be sold or used "as a foundational element of the mortgage market of the future." 4 Comments [Financials]
- Monday, March 4, 2:56 PM The single-family delinquency rate fell to 3.18% in January from 3.29% previously, according to Fannie Mae (FNMA.OB). The serious delinquency rate fell to 3.90, the lowest level since March 2009 and compared to a February 2010 peak of 5.59%. A "normal" delinquency rate is less than 1%, writes Bill McBride. 3 Comments [U.S. Economy, Financials]
- Tuesday, February 5, 6:18 PM Fannie Mae (FNMA.OB) CFO Susan McFarland will soon be retiring. Her retirement will follow the appointment of a successor, and happen no later than June 30. (8-K) 1 Comment [Financials]
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akaspeeder: I concur. Profit taking will happen which will take stock down. However, on the long run I can see the potential for substantial growth -
LoveThisDat: Hmm.. I will ask myself if FNMA has any equity or part of it, that shareholders can claim? In other words, are we betting on speculation?
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akaspeeder: I agree with you. I would like to know what about the summer that may affect this positively.
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shawn d: Home purchases go up in summer because of work relocations, schooling, and retiree's.
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x oil -field
Fannie Mae $FNMA.OB +31.5% Freddie Mac $FMCC.OB +26.9% continue a torrid run,now closing in on*quadrupling this week. http://bit.ly/16Lro8o - View all 0 replies
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x oil -field
(WSB) Wall Street Breakfast: Must-Know News. Dec.26, 2012 $F $FMCC.OB $FNMA.OB http://seekingalpha.com/a/n6r5 - View all 0 replies
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x oil -field
Fannie Mae and Freddie Mac may repay Treasury faster.$FMCC.OB FNMA.OB $KBH http://bit.ly/UOotaW HOUSING|WIRE - View all 4 replies
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x oil -field: MSN|MONEY:Up to 40 percent may vote early in U.S. election; Obama ahead. http://on-msn.com/Sf2GXW
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x oil -field: Bloomberg: Hedge Funds Drawn to Fannie-Freddie Risk-Sharing Plan: Mortgages. http://bloom.bg/WVnvdH $GS $FMCC.OB
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x oil -field
Reuters) Regulator for FNMA.OB $FMCC.OB said Monday it would give mortgage lenders more clarity,new standards would apply after Jan. 1 - View all 3 replies
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x oil -field: (Reuters) UPDATE -Fannie Mae, Freddie Mac to hike mortgage fees before yr-end. http://reut.rs/TWPS8f $FMCC.OB
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x oil -field: $FMCC.OB --Fitch positive new Fannie and Freddie reps and warrants good for mortgage market. (HOUSING\WIRE) http://bit.ly/Q6yZnP
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x oil -field
(Reuters) Regulator for FNMA.OB $FMCC.OB said Monday it would give mortgage lenders more clarity,new standards would apply after Jan. 1. - View all 2 replies
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x oil -field: Aug 31 (Reuters) - Fannie Mae and Freddie Mac will raise the fees they charge mortgage lenders by the end of the year. FNMA.OB $FMCC.OB
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x oil -field: (Reuters) UPDATE -Fannie Mae, Freddie Mac to hike mortgage fees before yr-end. http://reut.rs/TWPS8f $FMCC.OB
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Ridetime718
How about this LOGIC: If home prices come back to 2006 level. Will FNMA.OB price go back up to 2006 level (of $70's). =) - View all 1 replies
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Ridetime718: So is Fannie Mae backed by US Treasury? I don't see it going under.i i see surviving and later thriving ---take a chance at these prices ?
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Mercy Jimenez: Sorry Ridetime I don't recommend buy/sell on indiv stocks 2 anyone; much written on GSEs; a Google search should help you do what's right 4U
LATEST REPLIES
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- View all 3 replies
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akaspeeder: I concur. Profit taking will happen which will take stock down. However, on the long run I can see the potential for substantial growth
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LoveThisDat: Hmm.. I will ask myself if FNMA has any equity or part of it, that shareholders can claim? In other words, are we betting on speculation?
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- View all 5 replies
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akaspeeder: I agree with you. I would like to know what about the summer that may affect this positively.
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shawn d: Home purchases go up in summer because of work relocations, schooling, and retiree's.
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x oil -field
Fannie Mae and Freddie Mac may repay Treasury faster.$FMCC.OB FNMA.OB $KBH http://bit.ly/UOotaW HOUSING|WIRE - View all 4 replies
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x oil -field: MSN|MONEY:Up to 40 percent may vote early in U.S. election; Obama ahead. http://on-msn.com/Sf2GXW
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x oil -field: Bloomberg: Hedge Funds Drawn to Fannie-Freddie Risk-Sharing Plan: Mortgages. http://bloom.bg/WVnvdH $GS $FMCC.OB
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x oil -field
Reuters) Regulator for FNMA.OB $FMCC.OB said Monday it would give mortgage lenders more clarity,new standards would apply after Jan. 1 - View all 3 replies
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x oil -field: (Reuters) UPDATE -Fannie Mae, Freddie Mac to hike mortgage fees before yr-end. http://reut.rs/TWPS8f $FMCC.OB
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x oil -field: $FMCC.OB --Fitch positive new Fannie and Freddie reps and warrants good for mortgage market. (HOUSING\WIRE) http://bit.ly/Q6yZnP
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x oil -field
(Reuters) Regulator for FNMA.OB $FMCC.OB said Monday it would give mortgage lenders more clarity,new standards would apply after Jan. 1. - View all 2 replies
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x oil -field: Aug 31 (Reuters) - Fannie Mae and Freddie Mac will raise the fees they charge mortgage lenders by the end of the year. FNMA.OB $FMCC.OB
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x oil -field: (Reuters) UPDATE -Fannie Mae, Freddie Mac to hike mortgage fees before yr-end. http://reut.rs/TWPS8f $FMCC.OB
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Ridetime718
How about this LOGIC: If home prices come back to 2006 level. Will FNMA.OB price go back up to 2006 level (of $70's). =) - View all 1 replies
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- View all 6 replies
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Ridetime718: So is Fannie Mae backed by US Treasury? I don't see it going under.i i see surviving and later thriving ---take a chance at these prices ?
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Mercy Jimenez: Sorry Ridetime I don't recommend buy/sell on indiv stocks 2 anyone; much written on GSEs; a Google search should help you do what's right 4U