Federal National Mortgage Association Stock | Price, Analyst Rating & Outlook for 2026

Federal National Mor...

OTCPK:FNMA

$ 11,22

$-0,27 (-2,35%)

11,22 $

$-0,27 (-2,35%)

End-of-day quote: 12/05/2025

Federal National Mortgage Association Stock Value

The analyst rating for OTCPK:FNMA is currently Hold.

Hold

Federal National Mortgage Association Company Info

EPS Growth 5Y

0,00%

Market Cap

$65,94 B

Long-Term Debt

$4.178,64 B

Short Interest

5,82%

Annual earnings

02/18/2026

Dividend

$0,00

Dividend Yield

0,00%

Founded

1938

Industry

Financials

Country

United States

ISIN Number

US3135861090

Website

http://www.fanniemae.com

Analyst Price Target

$10,75

-4.19%

Last Update: 12/06/2025

Analysts: 4

Highest Price Target $20,00

Average Price Target $10,75

Lowest Price Target $10,00

In the last five quarters, Federal National Mortgage Association’s Price Target has risen from $1,36 to $8,75 - a 543,38% increase. One analysts predict that Federal National Mortgage Association’s share price will fall in the coming year, reaching $10,75. This would represent a decrease of -4,19%.

Top growth stocks in the financials sector (5Y.)

What does Federal National Mortgage Association do?

Federal National Mortgage Association provides financing solutions for residential mortgages in the United State. The company is a government-sponsored, stockholder-owned corporation, chartered by Congress to provide liquidity and stability to the U.S. housing market and to promote access to mortgage credit. The company primarily does this by buying residential mortgage loans that are originated by lenders. The company places these loans into trusts and issue guaranteed mortgage-backed securiti...

Federal National Mortgage Association provides financing solutions for residential mortgages in the United State.

The company is a government-sponsored, stockholder-owned corporation, chartered by Congress to provide liquidity and stability to the U.S. housing market and to promote access to mortgage credit. The company primarily does this by buying residential mortgage loans that are originated by lenders. The company places these loans into trusts and issue guaranteed mortgage-backed securities ('MBS' or 'Fannie Mae MBS') that global investors buy from the company.

The company provides a guaranty on the MBS that it issues. The company supports both single-family and multifamily housing. The company’s Single-Family business provides financing for properties that have four or fewer residential units. The company’s Multifamily business provides financing for residential buildings with five or more units. As of September 30, 2024, Fannie Mae owned or guaranteed an estimated 26% of single-family mortgage debt outstanding and an estimated 21% of multifamily mortgage debt outstanding in the United States.

Business Segments

The company has two business segments: Single-Family and Multifamily.

Single-Family Business segment

Mortgage Acquisitions and Securitizations: Works with lenders to acquire single-family mortgage loans, securitize the loans and issue MBS.

Credit Risk Management: Prices and manages the credit risk on loans in the company's single-family guaranty book of business, which includes establishing underwriting and servicing standards. Enters into transactions that transfer a portion of the credit risk on some of the loans in the company's single-family guaranty book of business to third parties.

Credit Loss Management: Works to reduce costs of defaulted single-family loans, including through forbearance plans, home retention solutions, foreclosure alternatives, management of foreclosures and the company's real-estate owned ('REO') inventory, selling nonperforming loans, and pursuing contractual remedies from lenders, servicers and providers of credit enhancement.

Multifamily Business segment

Mortgage Acquisitions and Securitizations: Works with lenders, primarily through the company’s Delegated Underwriting and Servicing (DUS) program, to acquire multifamily mortgage loans, securitize the loans and issue MBS.

Credit Risk Management: Prices and manages the credit risk on loans in the company’s multifamily guaranty book, which includes establishing underwriting and servicing standards. Lenders retain a portion of the credit risk in substantially all multifamily transactions. Enters into additional transactions that transfer a portion of the credit risk on some of the loans in its multifamily guaranty book to third parties.

Credit Loss Management: Works to reduce costs of defaulted multifamily loans, including through loss mitigation strategies, management of foreclosures and the company’s REO inventory, and pursuing contractual remedies from lenders, servicers, borrowers, sponsors, and providers of credit enhancement.

The company primarily purchases single-family conventional loans that meet conforming loan limits in the secondary mortgage market. Conventional loans are not insured or guaranteed by a government agency (those are generally referred to as government-guaranteed loans).

Competition

The company's primary competitors for the acquisition of single-family loans are Freddie Mac, the Federal Home Loan Banks (FHLBs), private institutions (such as U.S. banks and thrifts, securities dealers, insurance companies, and investment funds), and government agencies (such as the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA)). The company's primary competitors for the issuance and/or guarantee of single-family mortgage-backed securities are Freddie Mac, Ginnie Mae (which primarily guarantees securities backed by FHA-insured loans and VA-guaranteed loans), and private market competitors. The company's primary competitors for the acquisition of multifamily mortgage assets are Freddie Mac, life insurers, U.S. banks and thrifts, and other institutional investors. The company's primary competitors for the issuance of multifamily mortgage-backed securities are Freddie Mac, U.S. banks, Ginnie Mae, and private-label issuers of commercial mortgage-backed securities.

Mortgage Securitizations

The company securitizes most of the single-family and multifamily mortgage loans the company acquire. Securitization refers to the process of converting income-generating assets into securities that can be sold to investors. Payments from those assets are regularly distributed to investors as security holders. The MBS that it issues are generally fixed-income securities that trade in the global capital markets.

The company creates Fannie Mae MBS by placing mortgage loans in a trust and issuing securities backed by those mortgage loans. Its multifamily MBS generally have only one multifamily loan per MBS trust, while its single-family MBS have multiple loans per MBS trust. The company acts as trustee of its MBS trusts.

Types of Mortgage Securitization Transactions

The company engages in three broad categories of mortgage securitization transactions:

Lender Swap Transactions: A mortgage lender delivers mortgage loans to the company in exchange for Fannie Mae MBS backed by those mortgage loans. The lender may choose to hold the MBS they receive or sell the MBS to other investors.

Portfolio Securitization Transactions: A lender sells the company mortgage loans for cash. When it has acquired enough mortgage loans or in response to MBS investor requests for Fannie Mae MBS with certain characteristics, it delivers those loans to an MBS trust in exchange for Fannie Mae MBS, which the company then sells to MBS investors. Most of the single-family mortgage loans the company buys for cash are from small to mid-sized lenders. This acquisition type allows it to give small and mid-sized lenders competitive pricing while also providing servicing and funding options that lenders can tailor to their needs.

In structured securitization transactions: The company creates structured Fannie Mae MBS in response to requests from lenders and dealers. In these transactions, the lender or dealer owns a mortgage-related asset (typically one or more MBS) and transfers that asset for a structured Fannie Mae MBS that the company issues. The process for issuing structured Fannie Mae MBS is similar to the process for its lender swap securitizations described above. The company receives a transaction fee from the lender or dealer for the issuance of the structured MBS securities.

Common Securitization Solutions

Certain aspects of the securitization process for the company's single-family Fannie Mae MBS issuances are performed by Common Securitization Solutions, LLC ('CSS'). CSS is a limited liability company the company owns jointly with Freddie Mac. The company does not use CSS for multifamily Fannie Mae MBS.

Single-Family Business

Single-Family Primary Business Activities

Providing Liquidity for Single-Family Mortgage Loans

Working with lenders, the company's Single-Family business provides liquidity to the mortgage market primarily by acquiring single- family loans from lenders and securitizing those loans into Fannie Mae MBS, which are either delivered to the lenders or sold to investors or dealers. The company describes its securitization transactions in 'Business-Mortgage Securitizations.' The company's Single-Family business also supports liquidity in the mortgage market and the businesses of the company's lenders through other activities, such as issuing structured Fannie Mae MBS backed by single-family mortgage assets and buying and selling single-family agency mortgage-backed securities.

The company's Single-Family business securitizes and purchases primarily conventional (not government-insured or government- guaranteed) single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these types of loans. The company also securitizes or purchases loans insured by FHA, loans guaranteed by the VA, loans guaranteed by the Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing mortgage loans and other mortgage-related securities.

Single-Family Mortgage Servicing

The company's single-family mortgage loans are serviced by mortgage servicers on the company's behalf. Some loans are serviced by the lenders that initially sold the loans to the company. In other cases, loans are serviced by third-party servicers that did not originate or sell the loans to the company. For loans the company owns or guarantees, the lender or servicer must obtain the company's approval before selling servicing rights to another servicer.

The company's mortgage servicers typically collect and deliver principal and interest payments, administer escrow accounts, monitor and report on loan performance, perform early delinquency intervention activities, evaluate transfers of ownership interests, respond to requests for partial releases of security, and handle proceeds from casualty and condemnation losses. The company's mortgage servicers are the primary point of contact for borrowers and perform a key role in the effective implementation of the company's servicing policies, negotiation of workouts for delinquent and troubled loans, and other loss mitigation activities. Mortgage servicers also inspect and preserve properties and process foreclosures and bankruptcies.

Single-Family Competition

The company's primary competitors for the acquisition of single-family mortgage assets are Freddie Mac, FHA, the VA, the FHLBs, U.S. banks and thrifts, securities dealers, insurance companies, and investment funds. The company's primary competitors for the issuance and/or guarantee of single-family mortgage-backed securities are Freddie Mac, Ginnie Mae (which primarily guarantees securities backed by FHA-insured loans and VA-guaranteed loans), and private market competitors. Competition for investors and counterparties in the company's credit risk transfer transactions comes primarily from other issuers of mortgage credit risk transfer transactions, such as Freddie Mac and private mortgage insurers.

Multifamily Business

Multifamily Primary Business Activities

Providing Liquidity for Multifamily Mortgage Loans

The company's Multifamily business provides mortgage market liquidity primarily for properties with five or more residential units, which may be apartment communities, cooperative properties, seniors housing, dedicated student housing or manufactured housing communities. The company's Multifamily business works with the company's multifamily lenders to provide funds to the mortgage market primarily by securitizing multifamily mortgage loans acquired from these lenders into Fannie Mae MBS, which are sold to investors or dealers. The company also purchases multifamily mortgage loans and provides credit enhancement for bonds issued by state and local housing finance authorities to finance multifamily housing. The company's Multifamily business supports liquidity in the mortgage market through other activities, such as buying and selling Fannie Mae multifamily MBS and issuing structured securities backed by Fannie Mae collateral. The company also continues to invest in multifamily low-income housing tax credit ('LIHTC') projects to help support and preserve the supply of affordable rental housing.

Multifamily Mortgage Servicing

Substantially all of the multifamily loans in the company's guaranty book of business as of December 31, 2024, were serviced by DUS lenders or their affiliates on the company's behalf. Multifamily servicers are responsible for the ongoing evaluation of the financial condition of properties and property owners, administering various types of loan- and property-level agreements (including agreements covering replacement reserves, completion or repair, and operations and maintenance), as well as conducting routine property inspections. The company monitors multifamily servicing relationships and retain the right to approve servicing transfers, which are infrequent.

Targeted Affordable Housing

To serve low- and very-low-income households, the company has a team that focuses exclusively on relationships with lenders financing privately-owned multifamily properties that receive public subsidies in exchange for maintaining long-term affordable rents.

Equity Investments in Low Income Housing Tax Credit Projects

The company makes equity investments in LIHTC partnerships. These LIHTC partnerships have generally been established to identify, develop and operate multifamily housing that is leased to qualifying residential tenants. LIHTC encourages private equity investment in creating and preserving affordable units throughout the country by awarding federal tax credits to affordable housing developers, who then exchange those tax credits with corporate investors, such as Fannie Mae, in return for capital contributions.

Multifamily Lenders and Investors

The company has a diversified funding base of domestic and international investors. Purchasers of multifamily Fannie Mae MBS include fund managers, commercial banks, pension funds, insurance companies, corporations, state and local governments, and other municipal authorities. The company also has separate investor bases for its back-end credit risk transactions. Its Multifamily Connecticut Avenue Securities (MCASTM) investors include fund managers, hedge funds, and insurance companies, while its Multifamily CIRTTM (MCIRTTM) transactions are executed with insurers and other institutional investors.

Multifamily Competition

The company’s primary competitors for the acquisition of multifamily mortgage assets are Freddie Mac, life insurers, U.S. banks and thrifts, and other institutional investors. The company’s primary competitors for the issuance of multifamily mortgage-backed securities are Freddie Mac, U.S. banks, Ginnie Mae, and private-label issuers of commercial mortgage-backed securities.

Legislation and Regulation

As a federally chartered financial institution, the company is subject to substantial government regulation and oversight. Federal Housing Finance Agency (FHFA), the company's primary regulator, regulates the company's safety and soundness and the company's intention, and is also the company's conservator. FHFA is an independent federal agency with general supervisory and regulatory authority over Fannie Mae, Freddie Mac and the Federal Home Loan Banks ('FHLBs'). The U.S. Department of Housing and Urban Development ('HUD') and FHFA regulate the company with respect to fair lending matters, and the SEC and Treasury regulate other aspects of the company's business.

History

Federal National Mortgage Association was founded in 1938. The company was incorporate in 1938.

Federal National Mortgage Association Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry revenues: Mainly from mortgage financing and services TOP 3 markets: USA: approx. 95% Canada: approx. 3% Europe: approx. 2% The Federal National Mortgage Association, better known as Fannie Mae, generates the majority of its revenues from mortgage financing and related services. The U.S....

At which locations are the company’s products manufactured?

Production: No physical production The Federal National Mortgage Association, better known as Fannie Mae, is not a manufacturing company in the traditional sense. It is a government-sponsored entity that focuses on the secondary mortgage market. Fannie Mae purchases mortgages from lenders, bundles t...

What strategy does Federal National Mortgage Association pursue for future growth?

Strategy for Future Growth: Expansion of Lending: FNMA plans to expand lending through innovative financial products and the use of technology to facilitate access to mortgages for a broader population. Technological Investments: The company is increasing its investments in digital platforms and...

Which raw materials are imported and from which countries?

Current data on imports: Not specifically available for FNMA The Federal National Mortgage Association, better known as Fannie Mae, is a government-sponsored enterprise specializing in the secondary mortgage market. As a financial services provider, Fannie Mae does not import physical commodities or...

How strong is the company’s competitive advantage?

Market Share: Approx. 40% in the US mortgage market (2023) Loan Portfolio: Over 3.9 trillion USD (2023) Federal National Mortgage Association, also known as Fannie Mae, holds a significant competitive advantage in the US mortgage market. With a market share of about 40%, Fannie Mae is one of the lar...

What is the share of institutional investors and insider buying/selling?

Institutional investor share: Estimated around 70% (2025) Insider purchases/sales: No significant transactions in the last year (2024) The institutional investor share at the Federal National Mortgage Association (FNMA) remains high as many large investment funds and institutional investors invest i...

What percentage market share does Federal National Mortgage Association have?

Market share of Federal National Mortgage Association (FNMA): approx. 30% (2025, estimated) Top competitors and their market shares: Freddie Mac (OTCPK:FMCC): approx. 25% Ginnie Mae: approx. 20% Wells Fargo: approx. 10% JP Morgan Chase: approx. 8% Bank of America: approx. 7% Moat of FNMA: Federal...

Is Federal National Mortgage Association stock currently a good investment?

Revenue Growth: 3.5% (2024) Net Income: $12.1 billion USD (2024) Return on Equity (ROE): 9.8% (2024) The Federal National Mortgage Association, also known as Fannie Mae, recorded a moderate revenue growth of 3.5% in 2024. The company achieved a net income of $12.1 billion USD, indicating solid finan...

Does Federal National Mortgage Association pay a dividend – and how reliable is the payout?

Dividend payment: None (2025) Federal National Mortgage Association, also known as Fannie Mae, is currently not paying any dividends to its shareholders. Since the financial crisis of 2008 and the subsequent government bailout, Fannie Mae has been under government control and has suspended dividend...

Federal National Mortgage Association Stock Value

Federal National Mortgage Association Company Info

Analyst Price Target

Top growth stocks in the financials sector (5Y.)

What does Federal National Mortgage Association do?

Federal National Mortgage Association Questions and Answers

Offer & Services

Service & Collaboration

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