March 27, 2017 2:15 PM ET

Thrifts and Mortgage Finance

Company Overview of Federal National Mortgage Association

Company Overview

Federal National Mortgage Association provides liquidity and stability support services for the mortgage market in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Departmen...

3900 Wisconsin Avenue, NW

Washington, DC 20016

United States

Founded in 1938

7,000 Employees

Phone:

800-232-6643

Key Executives for Federal National Mortgage Association

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $600.0K
Chief Financial Officer and Executive Vice President
Age: 56
Total Annual Compensation: $2.1M
Executive Vice President of Single Family Business
Age: 50
Total Annual Compensation: $1.8M
Executive Vice President, General Counsel and Corporate Secretary
Age: 46
Total Annual Compensation: $1.7M
Head of Multifamily Business and Executive Vice President
Age: 60
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2016.

Federal National Mortgage Association Key Developments

Fannie Mae Plans To Sell Re-Performing Loans

Federal National Mortgage Association (OTCPK:FNMA) began marketing its second sale of re-performing loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio. The pool of approximately 7,600 loans, totaling $1.65 billion in unpaid principal balance, is available for purchase by qualified bidders. This sale of re-performing loans is being marketed in collaboration with Citigroup Global Markets, Inc. Bids are due on April 5, 2017.

Fannie Mae to Pay the U.S. Treasury $5.5 Billion Dividend

Fannie Mae said that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.

Federal National Mortgage Association Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Federal National Mortgage Association reported consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net interest income of USD 5,805 million compared to USD 5,435 million for the previous quarter. Net revenues were USD 6,219 million compared to USD 5,610 million for the previous quarter. Income before federal income taxes was USD 7,580 million compared to USD 4,723 million for the previous quarter. Net income was USD 5,035 million compared to USD 3,196 million for the previous quarter. Net revenues were $6.219 million, compared with $5.610 million for the previous quarter. For the year, the company reported total interest income of USD 21,295 million compared to USD 21,409 million a year ago. Net interest income was USD 22,261 million compared to USD 22,757 million a year ago. Income before federal income taxes was USD 18,333 million compared to USD 16,208 million a year ago. Net income was USD 12,313 million or USD 5.893 per diluted share compared to USD 10,955 million or USD 0.05 per diluted share a year ago. Net cash used in operating activities was USD 733 million compared to USD 6,673 million a year ago. For the year, net revenues were $22.3 billion, compared with $22.8 billion in 2015.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 14, 2017
Federal National Mortgage Association, 9,400 NPL with unpaid balance of $1.68 billion
Merger/Acquisition
November 30, 2016
4250 Connecticut Avenue
Merger/Acquisition
July 15, 2016
The Pines at Carolina Place
 

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