Last $2.46 USD
Change Today +0.13 / 5.58%
Volume 24.1M
FNMA On Other Exchanges
Symbol
Exchange
OTC BB
Stuttgart
As of 3:59 PM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

fannie mae (FNMA) Snapshot

Open
$2.35
Previous Close
$2.33
Day High
$2.49
Day Low
$2.29
52 Week High
03/11/14 - $6.35
52 Week Low
10/2/14 - $1.43
Market Cap
13.4B
Average Volume 10 Days
8.8M
EPS TTM
$-0.23
Shares Outstanding
5.4B
EX-Date
09/7/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FANNIE MAE (FNMA)

fannie mae (FNMA) Details

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 housing loans, and other mortgage-related securities, as well as provides single-family mortgage servicing, REO management, and lender repurchase evaluation services. Its Multifamily segment securitizes multifamily mortgage loans into Fannie Mae MBS; purchases multifamily mortgage loans; and provides credit enhancement for bonds issued by state and local housing finance authorities. This segment also offers debt financing structures to facilitate construction loans; delegated underwriting and servicing; and multifamily mortgage servicing services. The company’s Capital Markets segment manages its mortgage-related assets and other interest-earning non-mortgage investments. This segment provides funds to the mortgage market through short-term financing and investing activities that include whole loan conduit transactions, early funding transactions, real estate mortgage investment conduit and other structured securitization activities, and mortgage-backed securities trading services. Fannie Mae serves mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, and state and local housing finance agencies. The company was founded in 1938 and is based in Washington, the District of Columbia.

7,400 Employees
Last Reported Date: 02/21/14
Founded in 1938

fannie mae (FNMA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $599.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $2.0M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $1.8M
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2013.

fannie mae (FNMA) Key Developments

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.

Federal National Mortgage Association Appoints Brian Brooks as Executive Vice President, General Counsel and Corporate Secretary, Effective from November 10, 2014

Federal National Mortgage Association has appointed Brian Brooks as executive vice president, or EVP, general counsel, and corporate secretary, effective November 10, 2014. Brooks joins Fannie Mae from OneWest Bank where he was vice chairman and chief legal officer. Brooks has more than 20 years of legal and business experience. Prior to OneWest Bank, Brooks was a managing partner at the global law firm O'Melveny & Myers where he led an office of more than 150 attorneys and played a lead role in crafting the banking industry's response to the 2010-2011 foreclosure crisis.

 

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