FNMA

Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale

Retrieved on: 
Thursday, May 9, 2024
Sale, LP, OTCQB, Fannie Mae, FNMA, BPO, Minority, BofA Securities, UPB, Auction

WASHINGTON, May 9, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-fourth non-performing loan sale transaction.

Key Points: 
  • WASHINGTON, May 9, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-fourth non-performing loan sale transaction.
  • All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including forbearance arrangements and loan modifications.
  • In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.
  • Fannie Mae will also post information about specific pools available for purchase on that page.

Fannie Mae Expands Income Calculator Tool with Free, Web-based Option for Loan Originators

Retrieved on: 
Wednesday, May 8, 2024
CoreLogic, Risk, OTCQB, Fannie Mae, DU, Employment, Calculator, FNMA, Documentation, Analyser, Workforce, Real estate

WASHINGTON, May 8, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) has announced new enhancements to its Income Calculator tool that will help mortgage professionals serve the growing number of mortgage applicants in the U.S. who are self-employed and don't have traditional sources of income. Available now on FannieMae.com, lenders and other loan originators can leverage Fannie Mae's web-based Income Calculator for easy, accurate, and immediate calculation of self-employment income, at no additional cost.

Key Points: 
  • Available now on FannieMae.com, lenders and other loan originators can leverage Fannie Mae's web-based Income Calculator for easy, accurate, and immediate calculation of self-employment income, at no additional cost.
  • With the Fannie Mae Income Calculator, lenders receive an accurate, validated income amount for use in the underwriting process.
  • Income Calculator is a Fannie Mae-hosted service that uses tax return data to calculate monthly income using current Selling Guide requirements before the lender submits the loan casefile to Fannie Mae.
  • Lenders are encouraged to contact their Fannie Mae representative to learn how to get started with Income Calculator and other Fannie Mae technologies, products, and resources.

Housing Sentiment Again Shows Signs of Plateauing

Retrieved on: 
Tuesday, May 7, 2024
FNMA, Fannie Mae, Research report, OTCQB, Housing

WASHINGTON, May 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) was unchanged in April at 71.9 and is showing signs of once again plateauing as consumers continue to adjust to the higher interest rate and home price environment. This month, 67% of consumers indicated that it's a good time to sell a home, while 20% said it's a good time to buy a home. These two indicators are up 10 percentage points and 3 percentage points, respectively, since the end of 2023, despite mortgage rates having moved steadily upward. Additionally, the share of respondents who expect mortgage rates to go down over the next 12 months fell to 26%. The full index is up 5.1 points year over year.

Key Points: 
  • Additionally, the share of respondents who expect mortgage rates to go down over the next 12 months fell to 26%.
  • "The HPSI, unchanged this month, may have hit another plateau as consumers maintain their 'wait and see' approach to the housing market," said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist.
  • "Overall, housing sentiment increased from November through February, driven largely by consumer belief that mortgage rates would move lower.
  • Fannie Mae's Home Purchase Sentiment Index (HPSI) remained unchanged in April at 71.9.

Former Chief Compliance Officers Launch New Firm: Conforma Compliance Group to Provide Bespoke Regulatory Management Solutions with In-House Expertise

Retrieved on: 
Thursday, May 2, 2024
Commercial Building & Real Estate, Legal, Construction & Property, Finance, Banking, Accounting, Professional Services, Residential Building & Real Estate, CMS, Risk, General counsel, Justice, HUD, GNMA, Environment, FNMA, Pressure, MERS, FHLMC, Financial services, Knowledge, Audit

Conforma Compliance Group , a regulatory management firm for residential lenders, has officially launched its services.

Key Points: 
  • Conforma Compliance Group , a regulatory management firm for residential lenders, has officially launched its services.
  • The founders have crafted best-in-class compliance solutions for mid-sized lenders and managed a broad litigation portfolio, further solidifying their expertise.
  • Al Pitzner, founder and Head of Compliance Strategy, brings a solid understanding of compliance-related risk and a deep expertise in creating effective and efficient compliance solutions.
  • Conforma empowers lenders by providing a range of agile services that include:
    Compliance Management System (CMS) audit, development, and optimization

Fannie Mae Announces Results of Tender Offer for Any and All of Certain CAS Notes

Retrieved on: 
Monday, April 29, 2024
Connecticut Avenue, REMIC, FNMA, CAS, Fannie Mae, Trust, Offers, OTCQB

WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities® (CAS) Notes listed in the table below (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents").

Key Points: 
  • WASHINGTON, April 29, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities® (CAS) Notes listed in the table below (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents").
  • Certain of the classes of Notes subject to the Offers were issued by the REMIC trusts identified in the table below (each, a "Trust").
  • Fannie Mae is the holder of the ownership certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.
  • The table below sets forth the original principal balance of the Notes, the percentage of original principal amount tendered, and the original principal amount tendered in the Offers.

Fannie Mae Releases March 2024 Monthly Summary

Retrieved on: 
Thursday, April 25, 2024
OTCQB, FNMA

WASHINGTON, April 25, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) March 2024 Monthly Summary is now available.

Key Points: 
  • WASHINGTON, April 25, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) March 2024 Monthly Summary is now available.
  • The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.

Fannie Mae Announces Scheduled Release of First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, April 23, 2024
FNMA, Fannie Mae, News, OTCQB

WASHINGTON, April 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its first quarter 2024 financial results on Tuesday morning, April 30, 2024, before the opening of U.S. financial markets.

Key Points: 
  • WASHINGTON, April 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced plans to report its first quarter 2024 financial results on Tuesday morning, April 30, 2024, before the opening of U.S. financial markets.
  • Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m., ET, on April 30, 2024.
  • Prior to the call, the company's first quarter 2024 earnings news release, quarterly report on Form 10-Q, and other supplemental information will be available on the company's Quarterly and Annual Results webpage at fanniemae.com/financialresults .
  • Following the call, a transcript will be published to the same webpage and will remain available until our next quarterly earnings announcement.

Fannie Mae Priced $509.1 Million Multifamily DUS REMIC (FNA 2024-M4) Under Its GeMS Program

Retrieved on: 
Thursday, April 18, 2024
FNMA, Senior, Fannie Mae, Analytics, Gemstone, FNA, OTCQB

WASHINGTON, April 18, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $509.1 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on April 9, 2024.

Key Points: 
  • WASHINGTON, April 18, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $509.1 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on April 9, 2024.
  • FNA 2024-M4 marks the second Fannie Mae GeMS issuance of 2024.
  • "We're excited to announce the pricing of our second GeMS deal for 2024," said Dan Dresser, Senior Vice President, Multifamily Capital Markets, Pricing and Analytics.
  • All classes of FNA 2024-M4 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.

First Community Mortgage Adopts Blue Sage Digital Lending Platform

Retrieved on: 
Wednesday, April 17, 2024
American City Business Journals, FCM, NMLS, POS, Equal housing lender, Partnership, API, Blue sage, GNMA, Digital, FNMA, App Store (iOS/iPadOS), FHLMC, Wholesale and Retail (constituency), CIO, Tennessean, Real estate

NASHVILLE, Tenn., April 17, 2024 /PRNewswire/ -- First Community Mortgage (FCM) marked a significant milestone by fully implementing the Blue Sage Digital Lending Platform and LION Consumer POS. With this strategic move, the Murfreesboro-based national lender has modernized its mortgage operational processes, boosted productivity and is delivering an enhanced borrower experience for its customers.

Key Points: 
  • NASHVILLE, Tenn., April 17, 2024 /PRNewswire/ -- First Community Mortgage (FCM) marked a significant milestone by fully implementing the Blue Sage Digital Lending Platform and LION Consumer POS .
  • "Working with First Community Mortgage has been an incredibly rewarding experience, and we're thrilled that the Blue Sage platform is already driving results," says Carmine Cacciavillani, president and founder of Blue Sage.
  • The Blue Sage Digital Lending Platform streamlines loan processing tasks from application to closing, enabling regional banks, mortgage bankers, and credit unions to scale business effortlessly, regardless of the channel – retail, correspondent or wholesale.
  • Blue Sage Solutions is a leading provider of innovative, cloud-based digital mortgage technology for the mortgage industry.

Fannie Mae Announces Sale of Reperforming Loans

Retrieved on: 
Tuesday, April 16, 2024
Sale, FNMA, Fannie Mae, OTCQB

WASHINGTON, April 16, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its most recent sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.

Key Points: 
  • WASHINGTON, April 16, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its most recent sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.
  • This sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets, Inc.
  • Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time.
  • The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale.