December 21, 2014 8:32 PM ET

Thrifts and Mortgage Finance

Company Overview of Federal National Mortgage Association

Company Overview

Federal National Mortgage Association (Fannie Mae) provides liquidity and stability support services for the mortgage market in the United States. The company securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company’s Single-Family Credit Guaranty segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the Department of Agriculture, manufactured ...

3900 Wisconsin Avenue, NW

Washington, DC 20016

United States

Founded in 1938

7,400 Employees

Phone:

202-752-7000

Key Executives for Federal National Mortgage Association

Chief Executive Officer
Age: 55
Total Annual Compensation: $599.6K
Chief Financial Officer and Executive Vice President
Age: 54
Total Annual Compensation: $2.0M
Chief Operating Officer and Executive Vice President
Age: 59
Total Annual Compensation: $1.8M
Chief Risk Officer and Executive Vice President
Age: 52
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2013.

Federal National Mortgage Association Key Developments

Federal National Mortgage Association Presents at The Second Annual New York Winter Apartment Summit, Nov-25-2014

Federal National Mortgage Association Presents at The Second Annual New York Winter Apartment Summit, Nov-25-2014. Venue: McGraw Hill Conference Center in Midtown Manhattan, 1221 6th Ave., 2nd Floor, New York, NY 10020-1095, United States. Presentation Date & Speakers: Nov-25-2014, Anthony Criscuola, Multifamily, Richard Katzenstein, Managing Regional Director, Northeast Region.

Fannie Mae Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Fannie Mae announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $28,354 million compared to $29,067 million a year ago. Net interest income was $5,184 million compared to $5,582 million a year ago. Income before federal income taxes was $5,692 million compared to $10,099 million a year ago. Net income attributable to the company was $3,905 million compared to $8,737 million a year ago. Net loss attributable to common stockholders was $94 million or $0.02 per basic and diluted share compared to net income attributable to common stockholders of $120 million or $0.02 per basic and diluted share a year ago. Net income in the third quarter of 2014 increased compared with the second quarter of 2014 due primarily to lower fair value losses and an increase in revenues. This increase was partially offset by a decline in credit-related income. For the nine months, the company reported total interest income of $86,279 million compared to $88,225 million a year ago. Net interest income was $14,826 million compared to $17,553 million a year ago. Income before federal income taxes was $19,020 million compared to $30,293 million a year ago. Net income attributable to the company was $12,896 million compared to $77,506 million a year ago. Net loss attributable to common stockholders was $507 million or $0.09 per basic and diluted share compared to $722 million or $0.13 per basic and diluted share a year ago. Net cash provided by operating activities was $960 million compared to $11,518 million a year ago.

Boston Retirement System Announces $170 Million Proposed Settlement with Fannie Mae

The Boston Retirement System announced a $170 million proposed settlement with the Federal National Mortgage Association or Fannie Mae (FNMA.OB) in the securities class action In re Fannie Mae 2008 Securities Litigation. Boston Retirement System is one of two court-appointed lead plaintiffs for a proposed common shareholder class, along with the Massachusetts Pension Reserves Investment Management, and the Tennessee Consolidated Retirement System is the court-appointed lead plaintiff for a proposed preferred shareholder class. The proposed settlement, subject to court approval, will benefit thousands of class members. Represented by Labaton Sucharow LLP attorneys Thomas A. Dubbs, Louis Gottlieb, and Thomas G. Hoffman, Jr., Boston Retirement System asserted securities fraud claims against Fannie Mae and two of its former officers on behalf of investors in Fannie Mae during the class period of November 8, 2006 to September 5, 2008.

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October 16, 2014
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Merger/Acquisition
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