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Federal National Mortgage Association

OTCPK:FNMA.S
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FNMA.S
OTCPK
$13B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • Federal National Mortgage Association has significant price volatility in the past 3 months.
FNMA.S Share Price and Events
7 Day Returns
-3.9%
OTCPK:FNMA.S
-0.3%
US Mortgage
-1%
US Market
1 Year Returns
79.2%
OTCPK:FNMA.S
-0.7%
US Mortgage
-0.4%
US Market
FNMA.S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Federal National Mortgage Association (FNMA.S) -3.9% 1.4% -14% 79.2% 156.7% -0.6%
US Mortgage -0.3% -2% -0.7% -0.7% 24.5% 41.1%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • FNMA.S outperformed the Mortgage industry which returned -0.7% over the past year.
  • FNMA.S outperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
FNMA.S
Industry
5yr Volatility vs Market

Value

 Is Federal National Mortgage Association undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Federal National Mortgage Association. This is due to cash flow or dividend data being unavailable. The share price is $11.04.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Federal National Mortgage Association's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Federal National Mortgage Association's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FNMA.S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.02
OTCPK:FNMA Share Price ** OTCPK (2019-08-16) in USD $2.28
United States of America Mortgage Industry PE Ratio Median Figure of 128 Publicly-Listed Mortgage Companies 13.95x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Federal National Mortgage Association.

OTCPK:FNMA.S PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:FNMA Share Price ÷ EPS (both in USD)

= 2.28 ÷ 0.02

100.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Federal National Mortgage Association is overvalued based on earnings compared to the US Mortgage industry average.
  • Federal National Mortgage Association is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Federal National Mortgage Association's expected growth come at a high price?
Raw Data
OTCPK:FNMA.S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 100.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-97.5%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 48 Publicly-Listed Mortgage Companies 1.35x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

OTCPK:FNMA.S PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 100.29x ÷ -97.5%

-1.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Federal National Mortgage Association earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Federal National Mortgage Association's assets?
Raw Data
OTCPK:FNMA.S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $-23.28
OTCPK:FNMA Share Price * OTCPK (2019-08-16) in USD $2.28
United States of America Mortgage Industry PB Ratio Median Figure of 144 Publicly-Listed Mortgage Companies 1.1x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
OTCPK:FNMA.S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:FNMA Share Price ÷ Book Value per Share (both in USD)

= 2.28 ÷ -23.28

-0.1x

* Primary Listing of Federal National Mortgage Association.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Federal National Mortgage Association has negative assets, we can't compare the value of its assets to the US Mortgage industry average.
X
Value checks
We assess Federal National Mortgage Association's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Federal National Mortgage Association expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-97.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Federal National Mortgage Association expected to grow at an attractive rate?
  • Federal National Mortgage Association's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Federal National Mortgage Association's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Federal National Mortgage Association's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:FNMA.S Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:FNMA.S Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -97.5%
OTCPK:FNMA.S Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -0.2%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:FNMA.S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FNMA.S Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 21,538 0 3
2020-12-31 20,960 0 3
2019-12-31 20,216 106 3
OTCPK:FNMA.S Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 24,094 6,103 131
2019-03-31 25,208 5,473 62
2018-12-31 27,363 2,248 3,346
2018-09-30 28,156 2,245 -3,176
2018-06-30 27,535 6,164 -3,237
2018-03-31 26,381 185 -3,152
2017-12-31 25,263 4,213 -6,481
2017-09-30 27,699 4,188 -384
2017-06-30 27,667 -377 -140
2017-03-31 27,188 4,997 -146
2016-12-31 24,667 -980 77
2016-09-30 20,890 -5,047 120

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Federal National Mortgage Association's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Federal National Mortgage Association's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FNMA.S Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Federal National Mortgage Association Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FNMA.S Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.00 0.00 0.00 3.00
2020-12-31 0.00 0.00 0.00 3.00
2019-12-31 0.02 0.02 0.02 3.00
OTCPK:FNMA.S Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.02
2019-03-31 0.01
2018-12-31 0.58
2018-09-30 -0.55
2018-06-30 -0.56
2018-03-31 -0.55
2017-12-31 -1.12
2017-09-30 -0.07
2017-06-30 -0.02
2017-03-31 -0.03
2016-12-31 0.01
2016-09-30 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Federal National Mortgage Association will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Federal National Mortgage Association's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Federal National Mortgage Association performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Federal National Mortgage Association's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Federal National Mortgage Association's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Federal National Mortgage Association has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Federal National Mortgage Association has become profitable in the last year making it difficult to compare the US Mortgage industry average.
Earnings and Revenue History
Federal National Mortgage Association's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Federal National Mortgage Association Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FNMA.S Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 24,094.00 131.00 3,042.00
2019-03-31 25,208.00 62.00 3,053.00
2018-12-31 27,363.00 3,346.00 3,059.00
2018-09-30 28,156.00 -3,176.00 2,948.00
2018-06-30 27,535.00 -3,237.00 2,872.00
2018-03-31 26,381.00 -3,152.00 2,803.00
2017-12-31 25,263.00 -6,481.00 2,737.00
2017-09-30 27,699.00 -384.00 2,748.00
2017-06-30 27,667.00 -140.00 2,745.00
2017-03-31 27,188.00 -146.00 2,737.00
2016-12-31 24,667.00 77.00 2,741.00
2016-09-30 20,890.00 120.00 2,713.00
2016-06-30 19,752.00 -341.00 3,004.00
2016-03-31 22,230.00 -137.00 3,015.00
2015-12-31 23,181.00 -262.00 3,050.00
2015-09-30 21,401.00 -477.00 3,066.00
2015-06-30 23,350.00 -329.00 2,820.00
2015-03-31 21,504.00 -656.00 2,828.00
2014-12-31 25,895.00 -1,115.00 2,777.00
2014-09-30 30,368.00 -1,241.00 2,707.00
2014-06-30 33,126.00 -1,027.00 2,647.00
2014-03-31 39,379.00 -1,140.00 2,576.00
2013-12-31 39,470.00 -1,456.00 2,545.00
2013-09-30 39,473.00 -304.00 2,561.00
2013-06-30 32,270.00 -1,532.00 2,503.00
2013-03-31 25,498.00 812.00 2,444.00
2012-12-31 20,578.00 1,397.00 2,367.00
2012-09-30 10,981.00 -4,049.00 2,324.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Federal National Mortgage Association made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Federal National Mortgage Association used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Federal National Mortgage Association improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Federal National Mortgage Association's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Federal National Mortgage Association's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Federal National Mortgage Association's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Federal National Mortgage Association Company Filings, last reported 1 month ago.

OTCPK:FNMA.S Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 6,365.00 3,417,378.00 91,005.00
2019-03-31 5,361.00 3,395,803.00 88,307.00
2018-12-31 6,240.00 3,392,697.00 97,759.00
2018-09-30 6,975.00 3,374,646.00 94,907.00
2018-06-30 7,459.00 3,338,093.00 76,543.00
2018-03-31 3,938.00 3,341,135.00 89,283.00
2017-12-31 -3,686.00 3,330,382.00 85,683.00
2017-09-30 3,648.00 3,308,920.00 84,097.00
2017-06-30 3,717.00 3,288,087.00 84,810.00
2017-03-31 3,379.00 3,282,557.00 97,465.00
2016-12-31 6,071.00 3,263,531.00 95,611.00
2016-09-30 4,176.00 3,233,815.00 84,755.00
2016-06-30 4,069.00 3,213,039.00 84,775.00
2016-03-31 2,119.00 3,200,886.00 75,966.00
2015-12-31 4,059.00 3,198,095.00 82,691.00
2015-09-30 4,003.00 3,207,267.00 86,134.00
2015-06-30 6,159.00 3,199,380.00 77,905.00
2015-03-31 3,596.00 3,213,520.00 77,068.00
2014-12-31 3,720.00 3,222,769.00 85,962.00
2014-09-30 6,399.00 3,201,923.00 77,879.00
2014-06-30 6,112.00 3,190,281.00 65,441.00
2014-03-31 8,092.00 3,194,929.00 59,437.00
2013-12-31 9,591.00 3,235,992.00 91,044.00
2013-09-30 11,617.00 3,242,482.00 105,963.00
2013-06-30 13,243.00 3,243,439.00 106,156.00
2013-03-31 62,368.00 3,233,541.00 155,673.00
2012-12-31 7,224.00 3,190,222.00 94,747.00
2012-09-30 2,412.00 3,198,743.00 110,024.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if Federal National Mortgage Association has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if Federal National Mortgage Association's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • Federal National Mortgage Association reports no customer deposits, loans are made up entirely of borrowed funds.
  • Federal National Mortgage Association's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • Unable to establish if Federal National Mortgage Association has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Federal National Mortgage Association has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Federal National Mortgage Association's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Federal National Mortgage Association's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Federal National Mortgage Association dividends.
If you bought $2,000 of Federal National Mortgage Association shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Federal National Mortgage Association's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Federal National Mortgage Association's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:FNMA.S Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 96 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:FNMA.S Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
OTCPK:FNMA.S Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-08-05 0.000 0.000
2010-05-10 0.000 0.000
2010-02-26 0.000 0.000
2009-11-05 0.000 0.000
2009-10-15 0.000 0.000
2009-08-07 0.000 0.000
2009-08-06 0.000 0.000
2009-05-08 0.000 0.000
2009-02-27 0.000 0.000
2009-02-26 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Federal National Mortgage Association has not reported any payouts.
  • Unable to verify if Federal National Mortgage Association's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Federal National Mortgage Association's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Federal National Mortgage Association has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Federal National Mortgage Association's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Federal National Mortgage Association afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Federal National Mortgage Association's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hugh Frater
COMPENSATION $252,692
AGE 63
TENURE AS CEO 0.8 years
CEO Bio

Mr. Hugh R. Frater has been Chief Executive Officer of Federal National Mortgage Association (Fannie Mae) since March 26, 2019 and served as its Interim Chief Executive Officer from October 16, 2018 to March 26, 2019. Mr. Frater Principal of Shift Capital, LLC since May 18, 2017. He served as the Chief Executive Officer of Berkadia Commercial Mortgage LLC from August 2010 to April 2014. He served as the President and Chief Executive Officer at James Rogan until February 2004. He served as the Chief Executive Officer and President at Anthracite Capital, Inc., from 1998 to February 19, 2004. He served as an Executive Vice President at The PNC Financial Services Group, Inc. from February 2004 to May 2007 and as the Chief Executive Officer at Midland Loan Services and Head of Real Estate Finance. He served as the Managing Director and Senior Advisor at Good Energies Inc. and also served as its Chief Operating Officer From November 2007 to June 2010. Mr. Frater served as a Managing Director and Head of the BlackRock Real Estate Division at the BlackRock Financial Management, Inc. Prior to heading the Real Estate Division, he co-headed the BlackRock Account Management Group. He was a Founding Partner and Managing Director at BlackRock, Inc. from August 1988 to February 2004 and also served as its Member of Management Board. Before joining BlackRock in 1988, he served as a Vice President in Investment Banking at Lehman Brothers in the financial institutions department. He has been the Non-Executive Chairman of VEREIT, Inc., sole general partner of VEREIT Operating Partnership, L.P. since April 1, 2015. He has been Chairman of Advisory Board of Shift Capital, LLC since May 18, 2017. Mr. Frater served as the Chairman of Berkadia Commercial Mortgage LLC from April 2014 to December 31, 2015. He serves as a Director of Berkadia Commercial Mortgage LLC and Essdar Capital Limited. He has been a Director of ABR Reinsurance Capital Holdings Ltd. since August 2015. He serves as a Member of Advisory Board at Spearhead Capital, LLC. He served as a Director of Anthracite Capital, Inc. from November 1997 to February 19, 2009. He served as a Director at Essdar Capital Managers Limited. He served as a Director at Anthracite Capital, Inc from November 1997 to February 19, 2009. He has been a Director of Federal National Mortgage Association since January 13, 2016. He is active in industry affairs, serving as the Board of Directors of the Mortgage Bankers Association and is also a part of the task forces serving as the Vice Chair of the GSE Multifamily Task Force and Chair of the MBa Affordable Rental Task Force. He serves on the Real Estate Advisory Board at the Columbia University Graduate School of Business since 2004 and on its Board of Overseers since 2015. Mr. Frater received an M.B.A. in Finance from Columbia Business School and AB in English from Dartmouth College. He also attended Columbia University.

CEO Compensation
  • Hugh's compensation has increased in line with Federal National Mortgage Association recently becoming profitable.
  • Hugh's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Federal National Mortgage Association management team in years:

1
Average Tenure
53
Average Age
  • The average tenure for the Federal National Mortgage Association management team is less than 2 years, this suggests a new team.
Management Team

Hugh Frater

TITLE
CEO & Director
COMPENSATION
$253K
AGE
63
TENURE
0.8 yrs

David Benson

TITLE
President
COMPENSATION
$3M
AGE
59
TENURE
1 yrs

Celeste Brown

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
42
TENURE
1 yrs

Kimberly Johnson

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
46
TENURE
1.4 yrs

Jeffery Hayward

TITLE
Executive VP & Head of Multifamily Business
COMPENSATION
$3M
AGE
63
TENURE
17.8 yrs

Andrew Bon Salle

TITLE
Executive Vice President of Single-Family Mortgage Business
COMPENSATION
$3M
AGE
53
TENURE
13.4 yrs

Pete Bakel

TITLE
Investor Relations

Nancy Jardini

TITLE
SVP, Chief Compliance & Ethics Officer and Chief Office of Minority & Women Inclusion Officer

Terry Theologides

TITLE
Executive VP
AGE
52
TENURE
0.4 yrs

Steve James

TITLE
Senior VP & Chief Marketing Officer
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Federal National Mortgage Association board of directors in years:

3.6
Average Tenure
61
Average Age
  • The tenure for the Federal National Mortgage Association board of directors is about average.
Board of Directors

Jonathan Plutzik

TITLE
Chairman
COMPENSATION
$180K
AGE
64
TENURE
0.7 yrs

Hugh Frater

TITLE
CEO & Director
COMPENSATION
$253K
AGE
63
TENURE
3.6 yrs

Bobby Rayburn

TITLE
Chairman of National Advisory Council

Bob Herz

TITLE
Independent Director
COMPENSATION
$185K
AGE
65
TENURE
8.2 yrs

Amy Alving

TITLE
Independent Director
COMPENSATION
$170K
AGE
57
TENURE
5.8 yrs

Diane Nordin

TITLE
Independent Director
COMPENSATION
$180K
AGE
61
TENURE
5.8 yrs

Renee Glover

TITLE
Independent Director
COMPENSATION
$164K
AGE
69
TENURE
3.6 yrs

Ryan Zanin

TITLE
Independent Director
COMPENSATION
$161K
AGE
56
TENURE
2.9 yrs

Mike Heid

TITLE
Independent Director
COMPENSATION
$170K
AGE
61
TENURE
3.3 yrs

Antony Jenkins

TITLE
Independent Director
COMPENSATION
$75K
AGE
58
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Federal National Mortgage Association's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Federal National Mortgage Association has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in 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. Department of Agriculture, manufactured housing mortgage loans, and other mortgage-related securities. This segment also provides single-family mortgage, as well as credit risk and loss management services. The Multifamily segment securitizes multifamily mortgage loans into Fannie Mae MBS; purchases multifamily mortgage loans; and provides credit enhancement for bonds issued by state and local housing finance authorities to finance multifamily housing. This segment also issues structured MBS backed by Fannie Mae multifamily MBS; buys and sells multifamily agency mortgage-backed securities; and offers delegated underwriting and servicing, as well as multifamily mortgage, and credit risk and loss management services. The company serves mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, specialty servicers, insurance companies, and state and local housing finance agencies. Federal National Mortgage Association was founded in 1938 and is headquartered in Washington, the District of Columbia.

Details
Name: Federal National Mortgage Association
FNMA.S
Exchange: OTCPK
Founded: 1938
$13,084,554,912
5,738,839,874
Website: http://www.fanniemae.com
Address: Federal National Mortgage Association
Midtown Center,
1100 15th Street, NW,
Washington,
District Of Columbia, 20005,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK FNMA Common Stock Pink Sheets LLC US USD 31. Aug 1970
LSE 0IL0 Common Stock London Stock Exchange GB USD 31. Aug 1970
OTCUS FNMF.O PFD CV 5.375% Other "Grey Market" OTC US USD 11. Mar 2005
OTCPK FNMA.H VAR PFD SER P Pink Sheets LLC US USD 28. Sep 2007
OTCPK FNMA.I PFD6.75% SER Q Pink Sheets LLC US USD 03. Oct 2007
OTCPK FNMA.J PFD7.625%SER R Pink Sheets LLC US USD 20. Nov 2007
OTCPK FNMA.S PFD8.25%SER S Pink Sheets LLC US USD 18. Dec 2007
OTCPK FNMA.T PFD 8.25% SR T Pink Sheets LLC US USD 15. May 2008
OTCPK FNMA.P PFD F VAR RATE Pink Sheets LLC US USD 13. Apr 2000
OTCPK FNMA.O PFD G VAR RATE Pink Sheets LLC US USD 16. Aug 2000
OTCPK FNMA.M PFD SER H % Pink Sheets LLC US USD 23. Apr 2001
OTCPK FNMA.G PFD I 5.375% Pink Sheets LLC US USD 22. Nov 2002
OTCPK FNMA.N PFD L 5.125% Pink Sheets LLC US USD 23. May 2003
OTCPK FNMA.L PFD M 4.75% Pink Sheets LLC US USD 13. Jun 2003
OTCPK FNMF.M 5.10 PFD SER E Pink Sheets LLC US USD 27. Jun 2003
OTCPK FNMA.K PFD SER N Pink Sheets LLC US USD 23. Sep 2003
OTCPK FNMF.N PFD O VAR RATE Pink Sheets LLC US USD 31. Dec 2004
BASE FNMA CEDEAR EACH 3 REP 1 ORD NPV Buenos Aires Stock Exchange AR ARS 05. Oct 2000
Number of employees
Current staff
Staff numbers
7,400
Federal National Mortgage Association employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 00:02
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/14
Last earnings filing: 2019/08/01
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.