Last $3.82 USD
Change Today +0.01 / 0.26%
Volume 3.6M
FNMA On Other Exchanges
Symbol
Exchange
OTC BB
Stuttgart
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

fannie mae (FNMA) Snapshot

Open
$3.85
Previous Close
$3.81
Day High
$3.87
Day Low
$3.76
52 Week High
03/11/14 - $6.35
52 Week Low
04/23/13 - $0.78
Market Cap
22.0B
Average Volume 10 Days
10.6M
EPS TTM
$-0.27
Shares Outstanding
5.8B
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
Executive Vice President, General Counsel and...
Total Annual Compensation: $2.0M
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 Executive Changes

On February 24, 2014, Philip A. Laskawy, Chairman of the Board of Fannie Mae, notified the Board that he will retire effective March 31, 2014, upon reaching the mandatory retirement age for members of the Board of Directors. In its role as Fannie Mae's conservator, the Federal Housing Finance Agency (FHFA), in consultation with the Board of Directors, has appointed Egbert Perry as Chairman effective March 31, 2014. Egbert Perry has been a Fannie Mae director since December 2008. Mr. Perry, 58, is the Chairman and Chief Executive Officer of The Integral Group LLC. Mr. Perry has approximately 35 years of experience as a real estate professional, including work in urban development, developing and investing in mixed-income, mixed-use communities, affordable/work force housing and commercial real estate projects in markets across the country. Mr. Perry currently serves as Chair of the Advisory Board of the Penn Institute for Urban Research and as a long-time trustee of the University of Pennsylvania.

Fannie Mae Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Fannie Mae reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company posted net income of $6.5 billion, its eighth straight profitable quarter. The company announced that its profit was boosted by an accounting move that allowed the government-controlled mortgage giant to capitalize on tax benefits it had saved up from its losses on mortgages during the crisis. The fourth-quarter profit compares with net income of $7.6 billion in the same period of 2012. Net revenues were $7.0 billion, compared with $6.3 billion for the third quarter of 2013. Net interest income was $4,851 million compared to $5,582 million a year ago. Income before federal income taxes was $8,274 million compared to $10,099 million a year ago. Net income attributable to the company was $6,457 million compared to $8,737 million a year ago. The decrease in net interest income compared to the third quarter of 2013 was due to lower amortization driven by prepayment volumes and lower interest income from retained mortgage portfolio assets due to a decline in the company's retained mortgage portfolio. For the year, net revenues were $26.3 billion, up from $23.0 billion in 2012. For the year, net interest income was $22.4 billion, compared with net interest income of $21.5 billion for 2012. The increase in net interest income compared to 2012 was due primarily to higher amortization driven by prepayment volumes and an increase in guaranty fees, partially offset by lower interest income from retained mortgage portfolio assets due to a decline in the company's retained mortgage portfolio. Income before federal income taxes was $38,567 million compared to $17,220 million a year ago. Net income attributable to the company was $83,963 million compared to $17,224 million a year ago. Total interest income was $117,549 million compared to $129,190 million a year ago. Income before federal income taxes was $38,567 million compared to $17,220 million a year ago. Net cash provided by operating activities was $12,903 million compared to $37,001 million a year ago. Basic and diluted LPS was $0.25 compared to basic and diluted EPS of $0.24 a year ago.

Fannie Mae to Pay Dividend to U.S. Treasury

Fannie Mae will pay a dividend of $7.2 billion to the U.S. Treasury in March. With its previous payments totaling about $114 billion, it will have more than fully repaid the $116 billion it received from taxpayers.

 

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