FNM Fannie Mae featured news, full reports, and detailed charts
Fannie Mae (FNM) Wrap Up:
Fannie Mae, a government-sponsored enterprise, provides liquidity and stability support in the secondary mortgage market in the United States. It securitizes mortgage loans originated by lenders in the primary mortgage market into mortgage-backed securities, which are bought and sold in the secondary mortgage market. The company operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets. The Single-Family Credit Guaranty segment securitizes single-family mortgage loans into Fannie Mae mortgage-backed securities (MBS) and facilitates the purchase of single-family mortgage loans for the companys mortgage portfolio. The Housing and Community Development segment securitizes multifamily mortgage loans into Fannie Mae MBS and facilitates the purchase of multifamily mortgage loans for the companys mortgage portfolio. This segment also invests in rental and for-sale housing projects. The Capital Markets segment manages the companys investment activity in mortgage loans, mortgage-related securities, debt financing activity, and liquidity and capital positions. The companys customers include mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, and state and local housing finance agencies. Fannie Mae was founded in 1938 and is based in Washington, the District of Columbia.Fannie Mae (FNM:NYSE)
Snapshot of Fannie Mae (FNM)
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OPEN
$1.01
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PREVIOUS CLOSE
$1.03
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DAY HIGH
$1.02
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DAY LOW
$1.00
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52 WEEK HIGH
08/25/09 - $2.13
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52 WEEK LOW
11/21/08 - $0.30
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MARKET CAP
1.1B
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AVERAGE VOLUME 3 mo
25.4M
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DILUTED EPS TTM
$-14.62
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SHARES OUTSTANDING
1.1B
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FNM Does Not Pay Dividends
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P/E TTM
NM
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Executives, Board Directors
Key developments for Fannie Mae (FNM)
Fannie Mae will redeem the principal amount of $10,000,000, MTN 3.130% securities with maturity date of December 10, 2013 on November 23, 2009 at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption. The company will redeem the principal amount of $25,000,000, MTN 2.000% securities with maturity date of May 23, 2014 on November 23, 2009 at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption. The company will redeem the principal amount of $50,000,000, MTN 3.500% securities with maturity date of June 25, 2014 on November 23, 2009 at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption. The company will redeem the principal amount of $165,000,000, MTN 0.907% securities with maturity date of November 24, 2010 on November 24, 2009 at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption. The company will redeem the principal amount of $50,000,000, MTNR 4.000% securities with maturity date of August 25, 2014 on November 25, 2009 at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption.
Fannie Mae Redemption will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest thereon to the date of redemption. The company will redeem $25,000,000 MTN 3.580% with maturity date of November 16, 2011on November 16, 2009, $400,000,000 MTN 4.780% with maturity date on November 16, 2012 on November 16, 2009, $500,000,000 MTN 1.500% with maturity dated of August 17, 2011on November 17, 2009, $100,000,000 MTN 3.500% with maturity date of November 17, 2011 on November 17, 2009, $25,000,000 MTN 2.000% with maturity date of February 17, 2012 on November 17, 2009, $250,000,000 MTN 5.500% with maturity date of November 17, 2016 on November 17, 2009, $130,000,000 MTN 6.000% with maturity date of November 17, 2023 on November 17, 2009, $200,000,000 MTN 1.000% with maturity date of May 18, 2011 on November 18, 2009, $100,000,000 MTN 1.125% with maturity date of November 18, 2011 on November 18, 2009, $100,000,000 MTN 1.250% with maturity date of November 18, 2011 on November 18, 2009, $150,000,000 MTN 1.750% with maturity date of November 18, 2011 on November 18, 2009, $50,000,000 MTN 1.750% with maturity date of November 18, 2011 on November 18, 2009, $25,000,000 MTN 1.500% with maturity date of May 18, 2012 on November 18, 2009, $30,000,000 MTN 2.250% with maturity date of May 18, 2012 on November 18, 2009, $25,000,000 MTN 2.625% with maturity date of May 18, 2012 on November 18, 2009, $10,000,000 MTN 3.500% with maturity date of November 18, on November 18, 2009.
Fannie Mae expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 6, 2009).
FNM Competitors
| Company | Last | Change |
| Arrow Financial Corp | $25.37 USD | +0.36 |
| Capitol Federal Financial | $29.57 USD | -0.04 |
| Centerline Holding Co | $0.17 USD | +0.01 |
| The PMI Group Inc | $2.12 USD | -0.02 |
| Redwood Trust Inc | $14.26 USD | +0.44 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | FNM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 13.3x |
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FNM transactions
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| No transactions in the last 6 months. | ||
More Recent News About Fannie Mae
More news for FNM
Fannie Mae Redemption
WASHINGTON, Nov. 17 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: FNM - News) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: Principal Security Interest Maturity Date CUSIP Redemption Date Amount Type Rate $25,000,000 MTN 1.000% May 27, 2011 3136FHWT8 Nov. 27, 2009 $50,000,000 MTN 1.625% Feb. 27, 2012 3136FHXU4 Nov. 27, 2009 $15,000,000 MTN 4.170% Aug. 27, 2012 3136F9E33 Nov. 27, 2009 $50,000,000 MTN 4.800% Nov. 27, 2012 3136F8XJ9 Nov. 27, 2009 $50,000,000 MTN 3.500% July 1, 2014 3136FHD69 Nov. 27, 2009 $25,000,000 MTNR 2.250% Aug. 27, 2014 3136FH4D4 Nov. 27, 2009 $15,000,000 MTN 4.610% Feb. 27, 2017 3136F83J2 Nov. 27, 2009 $50,000,000 MTN 5.125% Aug. 27, 2019 3136FH5C5 Nov. 27, 2009 Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.This press release does not constitute an offer to sell or the solicitation of ...Click here to read the whole Article (external link)
BofA ex-counsel says "stunned" by firing
By Kim Dixon and Rachelle Younglai WASHINGTON (Reuters) - Former Bank of America Corp (NYSE:BAC - News) general counsel Timothy Mayopoulos was "stunned" to be fired as the bank was trying to wrap up its purchase of Merrill Lynch & Co, after being promised the same job at the combined company.According to congressional testimony obtained by Reuters on Monday, Mayopoulos' firing on December 10, 2008 came just nine days after he told Bank of America executives that Merrill's expected losses at the time provided no basis to invoke a contractual provision to abandon the takeover."I had never been fired from any job and I had never heard of the general counsel of a major company being summarily dismissed for no apparent reason and with no explanation," he said in testimony.Now general counsel of mortgage financier Fannie Mae (NYSE:FNM - News) Mayopoulos said he also told a Bank of America executive that Merrill should have had responsibility to set year-end bonuses for its own workers.That contrasts with allegations by regulators and politicians that Bank of America had not properly disclosed having authorized Merrill to pay some $3.6 billion of bonuses.Mayopoulos said he advised the bank to make cle...Click here to read the whole Article (external link)
BofA knew of Merrill pain in November: House panel
By Rachelle Younglai and Kim Dixon WASHINGTON (Reuters) - A congressional panel accused Bank of America Corp (NYSE:BAC - News) on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth of the problems until the following month.The U.S. House Oversight and Government Reform Committee unveiled internal Bank of America documents they said show the bank was alarmed by the losses far before shareholders of both companies approved the merger last December 5.Democratic and Republican lawmakers piled criticism on Brian Moynihan, a key figure in putting together the merger and a leading candidate to replace the outgoing Chief Executive Kenneth Lewis, and two bank directors.Moynihan replaced Timothy Mayopoulos as general counsel on December 10, 2008, nine days after the latter told senior executives that Bank of America had no contractual basis to back out of the merger.Democrats sympathized with Mayopoulos and hounded other witnesses for the reason for his firing."I find your testimony troubling," Democratic Rep. Elijah Cummings told Moynihan, Bank of America's general counsel when the merger was closed on January 1 and now its retail banking chief. "A seasoned attorney was fired nine days after he gave an opinion."Mayopoulos told the House committee panel he was stunned to be fired after being promised the same job at the combined company. He is now general counsel for mortgage financier Fannie Mae (Pacific:...Click here to read the whole Article (external link)
[$$] GMAC Chief Resigns
Article ExcerptGMAC Chief ResignsBY DAN FITZPATRICK AND DAVID ENRICH Alvaro de Molina resigned Monday as chief executive of GMAC Financial Services at the request of its board of directors, according to people familiar with the situation. GMAC is expected to announce later Monday that Mr. de Molina, who took the helm of the company in April 2008, is being succeeded by Michael A. Carpenter, a GMAC director who previously led Citigroup Inc.'s global corporate and investment bank, according to the people familiar with the matter. Mr. de Molina's abrupt exit comes as the company is in negotiations for a third round of taxpayer money, with the U.S. government likely ...Continue reading article with pop up player ...Click here to read the whole Article (external link)