Breaking News

Yesterday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Fannie Mae to enter into new credit risk transfer transactions in Q4 » 13:31
09/20/21
09/20
13:31
09/20/21
13:31
FNMA

Fannie Mae

/

+

Fannie Mae announced its…

Fannie Mae announced its intention to enter into new credit risk transfer transactions in Q4 of 2021. The company expects to transfer mortgage credit risk via its Connecticut Avenue Securities and Credit Insurance Risk Transfer programs.

ShowHide Related Items >><<
FNMA Fannie Mae
/

+

FNMA Fannie Mae
/

+

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
/

+

FNMA Fannie Mae
/

+

Wednesday
Hot Stocks
FHFA proposes new capital requirement rules for Fannie, Freddie » 14:08
09/15/21
09/15
14:08
09/15/21
14:08
FMCC

Freddie Mac

/

+

, FNMA

Fannie Mae

/

+

The Federal Housing…

The Federal Housing Finance Agency announced a proposed rule to amend the Enterprise Regulatory Capital Framework. The proposed rule includes three areas of refinement to the current capital rule: Replace the fixed prescribed leverage buffer amount equal to 1.5% of an Enterprise's adjusted total assets with a dynamic PLBA equal to 50% of the Enterprise's stability capital buffer; Replace the prudential floor of 10% on the risk weight assigned to any retained credit risk transfer exposure with a prudential floor of 5% on the risk weight assigned to any retained credit risk transfer exposure; Remove the requirement that an Enterprise must apply an overall effectiveness adjustment to its retained credit risk transfer exposures. The proposed rule also poses specific questions for public comment on these changes and proposes several technical corrections to the final rule published on December 17, 2020. "The proposed rule would also remove the largely duplicative requirement that an Enterprise must apply an overall effectiveness adjustment to its retained CRT exposures. FHFA has determined that it is an appropriate place to make a refinement within the CRT securitization framework to further promote the use of CRT without increasing safety and soundness risks at the Enterprises," the agency said. Shares are Freddie Mac (FMCC) and Fannie Mae (FNMA) are down 3% in afternoon trading. Reference Link

ShowHide Related Items >><<
FNMA Fannie Mae
/

+

FMCC Freddie Mac
/

+

FMCC Freddie Mac
/

+

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Freddie Mac upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
/

+

03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
/

+

FMCC Freddie Mac
/

+

FMCC Freddie Mac
/

+

Over a week ago
Hot Stocks
Fannie Mae announces sale of non-performing loans » 12:04
09/09/21
09/09
12:04
09/09/21
12:04
FNMA

Fannie Mae

/

+

Fannie Mae announced its…

Fannie Mae announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's eighteenth Community Impact Pool. The four larger pools include approximately 11,400 loans totaling $1.7B in unpaid principal balance, and the CIP contains approximately 140 loans totaling $45.2M in UPB. The CIP consists of loans geographically located in the New York area. All pools are available for purchase by qualified bidders. This sale of non-performing loans is being marketed in collaboration with BofA Securities, Inc. and First Financial Network, Inc. as advisors.

ShowHide Related Items >><<
FNMA Fannie Mae
/

+

FNMA Fannie Mae
/

+

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
/

+

FNMA Fannie Mae
/

+

Over a month ago
Hot Stocks
Fannie Mae introduces feature to help include rent history in credit evaluations » 06:09
08/12/21
08/12
06:09
08/12/21
06:09
FNMA

Fannie Mae

$1.17 /

+ (+0.00%)

Fannie Mae announced the…

Fannie Mae announced the company will launch a new feature in its automated underwriting system to incorporate consumers' rent payments in the mortgage credit evaluation process. Beginning September 18, 2021, Fannie Mae's Desktop Underwriter, or DU, will enable single-family lenders - with permission from mortgage applicants - to automatically identify recurring rent payments in the applicant's bank statement data to deliver a more inclusive credit assessment. "For qualified renters who may have limited credit history but a strong rent payment history, Fannie Mae's DU enhancement creates new opportunities for homeownership while promoting safe and sound lending," the company said. Only consistent rent payments will be considered to improve eligibility with the new update. Any records of missed or inconsistent rent payments identified in the bank statement data will not negatively affect the applicant's ability to qualify for a loan sold to Fannie Mae. "Many renters believe they will never be able to buy their own home because of insufficient credit. We can responsibly expand mortgage eligibility by including positive rent payment history in underwriting risk assessments," said Hugh Frater, Chief Executive Officer, Fannie Mae. "We believe this will be the first time any large-scale automated mortgage underwriting system will leverage electronic bank statement data to consider positive rent payment history. It is but one important step in correcting the housing inequities of the past, creating a more inclusive mortgage credit evaluation process going forward, and encouraging the housing system to develop new ways of safely assessing and determining mortgage eligibility in order to fairly serve all potential homeowners. We look forward to working with our industry partners to do what we can together to address this and other barriers to homeownership."

ShowHide Related Items >><<
FNMA Fannie Mae
$1.17 /

+ (+0.00%)

FNMA Fannie Mae
$1.17 /

+ (+0.00%)

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
$1.17 /

+ (+0.00%)

FNMA Fannie Mae
$1.17 /

+ (+0.00%)

Earnings
Fannie Mae reports Q2 EPS 1c vs. 0c a year ago » 07:39
08/03/21
08/03
07:39
08/03/21
07:39
FNMA

Fannie Mae

$1.25 /

-0.01 (-0.79%)

Reports Q2 revenue $8.39B…

Reports Q2 revenue $8.39B vs. $5.87B a year ago.

ShowHide Related Items >><<
FNMA Fannie Mae
$1.25 /

-0.01 (-0.79%)

FNMA Fannie Mae
$1.25 /

-0.01 (-0.79%)

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
$1.25 /

-0.01 (-0.79%)

FNMA Fannie Mae
$1.25 /

-0.01 (-0.79%)

Hot Stocks
FHFA's Calabria 'respects' Supreme Court decision, wishes successor 'best' » 14:19
06/23/21
06/23
14:19
06/23/21
14:19
FNMA

Fannie Mae

$2.24 /

-0.04 (-1.75%)

, FMCC

Freddie Mac

$2.23 /

-0.0465 (-2.04%)

FHFA Director Mark…

FHFA Director Mark Calabria's issued a statement on the U.S. Supreme Court's Collins v. Yellen decision, stating in part: "I respect the Supreme Court's decision and the authority of the President to remove the Federal Housing Finance Agency Director. It has been the honor of a lifetime to serve as Director of the Federal Housing Finance Agency alongside world-class staff. During my tenure, FHFA has fulfilled its mission as the economy fluctuated from record-low unemployment and a strong housing market, to a pandemic-triggered recession that spared house prices but contracted supply... However, much work remains. When the housing markets experience a significant downturn, Fannie Mae and Freddie Mac will fail at their current capital levels. I wish my successor all the best in fixing the remaining flaws of the housing finance system in order to preserve homeownership opportunities for all Americans." Reference Link

ShowHide Related Items >><<
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

FMCC Freddie Mac
$2.23 /

-0.0465 (-2.04%)

FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FMCC Freddie Mac
$2.23 /

-0.0465 (-2.04%)

03/23/21 Odeon Capital
Freddie Mac upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

Periodicals
Biden to replace FHFA director after Fannie ruling, WSJ reports » 12:39
06/23/21
06/23
12:39
06/23/21
12:39
FNMA

Fannie Mae

$2.24 /

-0.04 (-1.75%)

, FMCC

Freddie Mac

$2.23 /

-0.0465 (-2.04%)

The Biden administration…

The Biden administration plans to replace Fannie Mae (FNMA) and Freddie Mac's (FMCC) federal regulator following today's Supreme Court decision, Brent Kendall and Andrew Ackerman of Wall Street Journal reports, citing a White House official. The ruling opens the door for the Biden administration to oust Federal Housing Finance Agency director Mark Calabria, a Trump administration holdover, and nominate its own preferred agency chief, the Journal says. Kendall and Ackerman note that unlike Calabria, the Biden administration has signaled it would be in no rush to end the Fannie and Freddie's conservatorships. Reference Link

ShowHide Related Items >><<
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

FMCC Freddie Mac
$2.23 /

-0.0465 (-2.04%)

FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FMCC Freddie Mac
$2.23 /

-0.0465 (-2.04%)

03/23/21 Odeon Capital
Freddie Mac upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

Hot Stocks
Fannie Mae, Freddie Mac shares plunge after mixed ruling from Supreme Court  10:34
06/23/21
06/23
10:34
06/23/21
10:34
FNMA

Fannie Mae

$2.24 /

-0.04 (-1.75%)

, FMCC

Freddie Mac

$2.23 /

-0.0465 (-2.04%)

 
ShowHide Related Items >><<
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

FMCC Freddie Mac
$2.23 /

-0.0465 (-2.04%)

FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FMCC Freddie Mac
$2.23 /

-0.0465 (-2.04%)

03/23/21 Odeon Capital
Freddie Mac upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

Hot Stocks
Supreme Court issues ruling in Fannie Mae, Freddie Mac profit sweep case » 10:17
06/23/21
06/23
10:17
06/23/21
10:17
FMCC

Freddie Mac

$2.23 /

-0.0465 (-2.04%)

, FNMA

Fannie Mae

$2.24 /

-0.04 (-1.75%)

The Supreme Court issued…

The Supreme Court issued a ruling, posted on its site, regarding the Federal National Mortgage Association, or Fannie Mae (FNMA), and the Federal Home Loan Mortgage Corporation, or Freddie Mac (FMCC). A group of the companies' shareholders challenged the third amendment on both statutory grounds - that the FHFA exceeded its authority as a conservator under the Recovery Act by agreeing to the new variable dividend formula - and constitutional grounds - that the FHFA's structure violates the separation of powers because the Agency is led by a single Director, removable by the President only for cause. The District Court dismissed the statutory claim and granted summary judgment in the FHFA's favor on the constitutional claim. The Fifth Circuit reversed the District Court's dismissal of the statutory claim, held that the FHFA's structure violates the separation of powers, and concluded that the appropriate remedy for the constitutional violation was to sever the removal restriction from the rest of the Recovery Act, but not to vacate and set aside the third amendment. In its ruling, the Supreme Court held that The shareholders' statutory claim must be dismissed and that the Recovery Act's restriction on the President's power to remove the FHFA Director, 12 U. S. C. Section4512(b)(2), is unconstitutional. In total, the case was affirmed in part, reversed in part, vacated in part, and remanded. Reference Link

ShowHide Related Items >><<
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

FMCC Freddie Mac
$2.23 /

-0.0465 (-2.04%)

FMCC Freddie Mac
$2.23 /

-0.0465 (-2.04%)

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Freddie Mac upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Freddie Mac downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
FNMA Fannie Mae
$2.24 /

-0.04 (-1.75%)

Over a quarter ago
Hot Stocks
Fannie Mae announces winner of latest non-performing loan sale » 10:09
06/15/21
06/15
10:09
06/15/21
10:09
FNMA

Fannie Mae

$2.36 /

-0.04 (-1.67%)

, AJX

Great Ajax

$12.68 /

+0.04 (+0.32%)

, CS

Credit Suisse

$10.74 /

+0.075 (+0.70%)

Fannie Mae (FNMA)…

Fannie Mae (FNMA) announced the results of its seventeenth non-performing loan sale transaction. The deal, which was announced on May 13, 2021, included the sale of approximately 8,000 loans totaling $1.6B in unpaid principal balance, divided into four pools. The winning bidders of the four pools for the transaction were Great Ajax Operating Partnership (AJX) for Pool 1; VRMTG ACQ for Pools 2 and 4; and DLJ Mortgage Capital, a subsidiary of Credit Suisse (CS), for Pool 3. The transaction is expected to close on July 23, 2021. The pools were marketed with BofA Securities and First Financial Network as advisors. The loan pools awarded in this most recent transaction include: Pool 1: 1,046 loans with an aggregate UPB of $178,382,669; average loan size of $ $170,538; weighted average note rate of 4.33%; and weighted average broker's price opinion loan-to-value ratio of 64%. Pool 2: 4,103 loans with an aggregate UPB of $ $744,634,885; average loan size of $181,485; weighted average note rate of 4.56%; and weighted BPO loan-to-value ratio of 59%. Pool 3: 1,280 loans with an aggregate UPB of $357,198,006; average loan size of $279,061; weighted average note rate of 3.79%; and weighted BPO loan-to-value ratio of 114%. Pool 4: 1,587 loans with an aggregate UPB of $$307,938,274; average loan size of $194,038; weighted average note rate of 4.26%; and weighted BPO loan-to-value ratio of 75%. The cover bids, which are the second highest bids per pool, were 97.59% of UPB for Pool 1, 102.29% of UPB for Pool 2, 66.19% of UPB for Pool 3, and 97.07% of UPB for Pool 4. Bids are due on Fannie Mae's seventeenth Community Impact Pool on June 22, 2021.

ShowHide Related Items >><<
FNMA Fannie Mae
$2.36 /

-0.04 (-1.67%)

CS Credit Suisse
$10.74 /

+0.075 (+0.70%)

FNMA Fannie Mae
$2.36 /

-0.04 (-1.67%)

03/23/21 Odeon Capital
Fannie Mae and Freddie Mac upgraded to Hold at Odeon Capital
03/23/21 Odeon Capital
Fannie Mae upgraded to Hold from Sell at Odeon Capital
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
03/17/21 Keefe Bruyette
Fannie Mae downgraded to Underperform from Market Perform at Keefe Bruyette
AJX Great Ajax
$12.68 /

+0.04 (+0.32%)

05/21/21 B. Riley
Great Ajax price target raised to $16 from $15 at B. Riley
04/20/21 B. Riley
Great Ajax transferred with Buy, $15 target at B. Riley
03/11/21 Piper Sandler
Great Ajax price target raised to $15 from $13 at Piper Sandler
11/23/20 BTIG
Great Ajax initiated with a Neutral at BTIG
CS Credit Suisse
$10.74 /

+0.075 (+0.70%)

05/27/21 Barclays
Credit Suisse price target raised to CHF 12.50 from CHF 12 at Barclays
04/28/21 UBS
Credit Suisse upgraded to Buy from Neutral at UBS
04/28/21 UBS
Credit Suisse upgraded to Buy from Neutral at UBS
04/23/21 Societe Generale
Credit Suisse price target lowered to CHF 10 from CHF 11 at Societe Generale
FNMA Fannie Mae
$2.36 /

-0.04 (-1.67%)

CS Credit Suisse
$10.74 /

+0.075 (+0.70%)

AJX Great Ajax
$12.68 /

+0.04 (+0.32%)

CS Credit Suisse
$10.74 /

+0.075 (+0.70%)

FNMA Fannie Mae
$2.36 /

-0.04 (-1.67%)

CS Credit Suisse
$10.74 /

+0.075 (+0.70%)

CS Credit Suisse
$10.74 /

+0.075 (+0.70%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.