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Federal National Mortgage Association (FNMA)
OTHER OTC:FNMA
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0Last Year’s EPS
$0Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 88.11%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced perspective. While Fannie Mae demonstrates strong financial stability, significant liquidity provision, and a focus on affordable housing, challenges persist in the form of decreased net income, credit losses in multifamily, lower acquisitions, increased delinquency rates, and a challenging housing market outlook.Company Guidance
During Fannie Mae's third-quarter 2024 earnings call, executives provided guidance and key metrics reflecting the company's financial performance and market outlook. Fannie Mae reported a net income of $4 billion, down from $4.5 billion in the previous quarter, with revenues holding steady at $7.3 billion. The call highlighted a $106 billion liquidity provision to the single-family and multifamily markets, aiding 383,000 households. The single-family acquisitions surged to $93.1 billion, with a strong credit profile characterized by a weighted average loan-to-value ratio of 77% and a credit score average of 759. The multifamily sector, however, faced challenges, with property values dropping 19.5% from their peak in Q2 2022 and a serious delinquency rate increase to 56 basis points. The economic outlook anticipates a rise in single-family mortgage originations from $1.5 trillion in 2023 to $1.7 trillion in 2024, with home price growth projected at 5.8% for 2024. Fannie Mae also executed credit risk transfer transactions covering $44.5 billion in single-family and $14.1 billion in multifamily unpaid principal balances, underscoring its risk management strategies amidst a challenging market environment.Strong Financial Stability
Net worth increased to $90.5 billion by the end of September, enhancing financial stability. The minimum regulatory capital shortfall reduced by $17 billion since the start of the year.
Significant Liquidity Provision
Provided $106 billion of liquidity to single-family and multifamily markets, aiding 383,000 households in buying, refinancing, or renting homes.
Focus on Affordable Housing
Supported 117,000 first-time homebuyers and financed approximately 103,000 units of affordable multifamily rental housing.
Single-Family Acquisition Growth
Acquired $93.1 billion in single-family loans, an 8% increase from the prior quarter, driven by seasonal purchase volume and declining mortgage rates.
Credit Risk Transfer Achievements
Executed credit risk transfer transactions covering approximately $44.5 billion in single-family and $14.1 billion in multifamily loans.
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Federal National Mortgage Association (FNMA) Earnings, Revenues Date & History
FNMA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FNMA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $1.43 | $1.39 | -2.80% |
| Jul 30, 2024 | $1.32 | $1.30 | -1.52% |
| Apr 30, 2024 | $1.53 | $1.47 | -3.92% |
| Feb 15, 2024 | $1.30 | $1.29 | -0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Federal National Mortgage Association (FNMA) report earnings?
Federal National Mortgage Association (FNMA) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Federal National Mortgage Association (FNMA) earnings time?
Federal National Mortgage Association (FNMA) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FNMA EPS forecast?
FNMA EPS forecast for the fiscal quarter 2024 (Q4) is $0.
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